August 2026 brought another shift in the GTA real estate landscape: the average home price dipped below $1 million for the second time this year. Sales fell by 2.1%, and prices slipped by 2.7%. Detached homes now average $1.29M, semis at $932K, townhouses at $787K, and condos at $618K. Even with these adjustments, new listings dropped 14.1%, which continues to shape our inventory. As The Millionaire Realtor Mom, I always keep a close eye on these market movements—because understanding the numbers is key to making the right move, whether you’re buying your dream home or looking to sell for top dollar. If you’re curious how these shifts might affect your plans, let’s put my comparative market analysis to work for you.
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