10/03/2026
GTA Homes More Affordable as Prices Dip Below $1M
This August, we saw GTA home sales edge down by 2.1% year-over-year, landing at 5,057 transactions. The average home price slipped below the $1 million mark, sitting at $993,410—a 2.7% decrease. Benchmark prices also reflected a 4.5% drop. While the seasonal lull is typical for this time of year, these shifts have nudged affordability in a more positive direction. As someone who’s been guiding clients through the GTA market for years, I see moments like these as opportunities for buyers and sellers to make thoughtful, informed decisions. If you’re curious how these trends might affect your real estate plans, my experience across the GTA can help you navigate what’s next.
https://www.roomvu.com/agent-news/ahmed-hanafy/1974029-GTA-Homes-More-Affordable-as-Prices-Dip-Below-%241M