The average home selling price in the GTA fell below $1 million in August 2026, improving affordability. Home sales declined 2.1% year-over-year, with prices down 2.7%. Detached homes averaged $1,288,669, semi-detached $931,665, townhouses $786,817, and condos $617,593. New listings dropped 14.1%, potentially increasing competition and driving prices up later.