August TRREB Numbers: What They Mean in Etobicoke

The headline from TRREB's August 2026 report, released September 3, is that the Greater Toronto Area sold fewer homes and listed far fewer. Sales were 5,057, down 2.1 per cent from August 2025. New listings were 12,075, down 14.1 per cent. The average selling price was $993,410, down 2.7 per cent. For an Etobicoke reader the interesting number is not the price, it is the listings.

Curious what this month's numbers mean for your specific street? Request a valuation and we will price it against what has actually sold nearby.

August at a glance

Source: Toronto Regional Real Estate Board, Market Watch, August 2026.

Read the benchmark, not the average

Notice that the average price fell 2.7 per cent while the MLS Home Price Index composite benchmark fell 4.5 per cent. Those are two different tools. The average is just total dollars divided by total sales, so it swings with the mix of what happened to sell that month. The benchmark tracks a consistent typical home, which is closer to what your own place is doing.

When the benchmark falls faster than the average, it usually means the expensive end of the market was busier than usual. Do not read the smaller average decline as good news about your value. The benchmark is the more useful line.

By property type

Source: TRREB Market Watch, August 2026, GTA-wide.

Townhouses took the worst of it, on both price and volume, with sales down 9.5 per cent. That matters in Etobicoke because a good share of our newer stock in the Queensway and Islington corridors is exactly that: townhouses in complexes with a monthly fee attached.

The City of Toronto picture

Inside the city proper, August brought 1,767 sales and 4,200 new listings, with 8,727 active listings at month end and roughly 4.6 months of inventory. Months of inventory is a simple idea: at the current pace of sales, that is how long it would take to sell everything currently listed. Under about four months usually favours sellers. Over six favours buyers. We are sitting in between, which is why the market feels indecisive rather than dramatic.

Homes also took longer to sell. Across TRREB areas the average listing days on market ran 6.1 per cent above last August, and property days on market, which follows a home from its first listing through to the sale, ran 4.1 per cent higher.

If you want more context on where the local market has been:

• July TRREB Numbers: What They Mean in Etobicoke
• What's Your Etobicoke Home Worth in 2026? What the Latest Market Data Says
• Trade Wars and the Etobicoke Fall Market: What the Numbers Actually Say

What it means in Etobicoke

TRREB publishes these figures regionally, so there is no Etobicoke line in the release. What we can say is that the supply shortfall is real in our area, and it is doing something odd to how the market feels. Buyers keep telling us there is nothing good to see. Sellers keep telling us nothing is selling. Both are describing the same month.

Practically, that means well-prepared listings in the pockets people actually want, the Kingsway, Mimico, Alderwood, Markland Wood, are getting attention quickly, while anything with a compromise attached sits. The gap between those two outcomes is wider than it was a year ago, and it is mostly about preparation and price, not about the market.

The counterpoint

The bullish read is that listings down 14.1 per cent is a coiled spring. TRREB's own commentary says that if inventory keeps tightening, prices should start rising, and buyers waiting for certainty may find they paid for the wait. The bearish read is that listings are down because sellers are choosing not to sell into a soft market, which means that supply comes back the moment prices firm up, capping any recovery.

The thing to watch is September and October new listings. If they come in near last year's level, the spring 2027 market will look a lot like this one. If they stay down double digits, the price declines we have been seeing since the spring probably end this fall.

Thinking about a move before the year is out? Get in touch and we will give you a straight read on your timing.

Dave Dubbin
Etobicoke Real Estate Expert
Dave Dubbin & Associates
Real Estate Broker for Etobicoke and Toronto
Sotheby's International Realty, Canada