Toronto Monthly Market Report — August 2026多伦多市场月报 — 2026 年 8 月

Monthly data from the Toronto Regional Real Estate Board (TRREB) and Canadian Real Estate Association (CREA), with city-level breakdowns for the eight GTA municipalities I work in most often. Updated monthly, with full source attribution and methodology notes.每月汇总多伦多地产局 (TRREB) 与加拿大地产协会 (CREA) 数据，覆盖我服务最多的 GTA 八个城市。每月更新，附完整来源与方法说明。

How is the GTA housing market performing in August 2026?2026 年 8 月 多伦多 (GTA) 楼市表现如何？

The Greater Toronto Area recorded 5,057 home sales in August 2026, with the average selling price at $993,410. The MLS Home Price Index (HPI) Composite Benchmark — the price of a typical home stripped of one-off luxury sales — sat at $925,900, -4.5% year-over-year (Source: TRREB Market Watch, August 2026).2026 年 8 月，多伦多 (GTA) 共成交 5,057 套住宅，平均成交价 $993,410 加元。MLS 房价指数 (HPI) 综合基准价 — 剔除豪宅异常成交的”典型房价” — 为 $925,900 加元，同比 -4.5%（来源：TRREB Market Watch 2026 年 8 月）。

Sales-to-new-listings ratio (SNLR) — the leading indicator of where prices move next — was 37.5% on TRREB’s published trend series, while the month’s own unsmoothed ratio came in at 41.9%, with 4.6 months of inventory. By the conventional reading, an SNLR under 40% signals a buyers’ market, 40–60% signals balance, above 60% signals a sellers’ market.成交挂牌比 (SNLR) — 价格走向的领先指标 — 按 TRREB 公布的趋势值为 37.5%，当月实算比值则为 41.9%，库存月数 4.6 个月。按行业惯例：SNLR 低于 40% = 买方市场，40-60% = 平衡市场，高于 60% = 卖方市场。

Canada — National Snapshot加拿大全国概览

CREA national stats lag TRREB by roughly one month, so the figures below are for July 2026.CREA 全国数据通常比 TRREB 滞后一个月，下列为 2026 年 7 月 数据。

Source: Canadian Real Estate Association (CREA), 来源：加拿大地产协会 (CREA)，July 2026 release.发布。

Greater Toronto Area — All TRREB Areas大多伦多地区 — TRREB 全境概览

Aggregate figures across the full TRREB membership area, covering Halton, Peel, City of Toronto, York, Durham, Dufferin, and Simcoe regions.TRREB 全境汇总，覆盖 Halton、Peel、多伦多市、York、Durham、Dufferin、Simcoe 七大区。

Source: Toronto Regional Real Estate Board (TRREB) Market Watch + MLS HPI Public Tables, 来源：TRREB Market Watch 与 MLS HPI 公开数据，August 2026.

Four-Year Monthly Comparison四年月度对比

Each chart below compares the current year against the three prior years, month by month. The seasonal pattern is the most important context — January is structurally lower than May regardless of cycle position. The four bars per month run 2023, 2024, 2025, 2026 (left to right).下方两组图表逐月对比当年与前三年。季节性是最关键的背景——无论周期位置，一月成交结构性低于五月。每月四根柱依次为 2023、2024、2025、2026（从左到右）。

① Average Price① 平均成交价

Average price for August 2026 came in at $993,410 (-2.7% YoY). Average price is the arithmetic mean of every transaction, so it’s sensitive to mix — a month with more luxury detached sales pulls it up, a month skewed to condos pulls it down. For trend reading, pair this with the HPI Benchmark in the table above ($925,900, -4.5% YoY), which controls for mix. 2026 年 8 月均价 $993,410（同比 -2.7%）。均价是所有成交的算术平均，会被产品组合影响——豪宅独立屋成交多的月份会拉高，公寓占比高的月份会拉低。看趋势时配合上方的 HPI 基准价 $925,900（同比 -4.5%）一起读，HPI 排除了组合影响。

② Sales-to-New-Listings (SNLR)② 成交挂牌比 (SNLR)

SNLR for August 2026 sat at 37.5% — that’s buyers’ market territory by the conventional read (under 40% buyers, 40–60% balanced, above 60% sellers). SNLR is the leading indicator: it moves before prices do. Watching the orange/yellow 2026 bar relative to the previous three years tells you whether buyer activity is keeping pace with the listings being added that month. 2026 年 8 月 SNLR 为 37.5%，按行业惯例属于买方市场（40% 以下买方、40–60% 平衡、60% 以上卖方）。SNLR 是领先指标，先于价格变动。看 2026 的橙黄柱相对前三年的位置，就能判断买家热度是否跟上了当月的新挂牌量。

③ Sales (transactions)③ 成交量

5,057 transactions in August 2026 (-2.1% YoY). The seasonal pattern is the dominant signal here — the spring peak (March–May) is structurally 2-3× higher than the December trough, regardless of cycle. So compare 2026 only against same-month bars from 2023/24/25, not month-over-month. The 2026 bar still below 2025 says spring buying remains subdued. 2026 年 8 月 成交 5,057 套（同比 -2.1%）。这张图季节性主导——春季高峰（3-5 月）结构性比 12 月低谷高 2-3 倍，与周期无关。所以 2026 只能跟 2023/24/25 的同月柱比，不要看环比。2026 柱仍低于 2025 说明春季买盘依然清淡。

④ New Listings④ 新挂牌量

12,075 new listings entered the MLS in August 2026 (-14.1% YoY). New listings is the supply side — it tells you how much fresh inventory hit the market that month. Read this against the Sales chart above: both falling = activity broadly cooling. Active Listings (the standing pool) is -11.3% YoY at 24,482 — that’s the buyer’s selection set right now. 2026 年 8 月 新挂牌 12,075 套（同比 -14.1%）。新挂牌反映供应端——告诉你当月有多少新房源进入市场。配合上方成交图一起看：两端都降 = 整体降温。 活跃挂牌（在售存量）24,482，同比 -11.3%——这是当下买家的可选池。

Eight GTA Cities — Side by Side八大 GTA 城市横向对比

For small markets like Aurora and Newmarket, monthly Average Price can swing on a single luxury sale. The HPI Benchmark Price below is the more stable measure, smoothing out one-off transactions.对 Aurora、Newmarket 这类小市场，单月均价可能因一笔豪宅交易剧烈波动。下方 HPI 基准价是更稳定的衡量，平滑了异常成交。

Source: TRREB Market Watch + MLS HPI Public Tables, 来源：TRREB Market Watch 与 MLS HPI 公开数据，August 2026.

First-time buyers are now 36.5% of Ontario freehold purchases首次置业者现占安省独立产权房交易的 36.5%

That share was 23.9% in 2016. The mirror image is the mover: existing owners trading up or down fell from 24.3% to 15.8% over the same span. First-time buyers did not out-bid the move-up market so much as inherit it.2016 年这一比例为 23.9%。镜像的另一面是换房客：同期已有房产、换大换小的买家从 24.3% 降到 15.8%。与其说首次置业者抢赢了换房市场，不如说他们接手了这块份额。

Source: Teranet Market Insights 2026-Q2. Counts registered land transfers across Ontario — a different measure, geography and cadence from the TRREB MLS figures above; the two are not meant to reconcile. The 2026 figure covers the twelve months ending at the report date, not a calendar year.来源：Teranet Market Insights 2026-Q2。统计口径为安省全省土地转让登记——与上文 TRREB 的 MLS 成交在口径、地域、频率上都不同，两者本就不该对得上。2026 的数字覆盖截至报告期的 12 个月，不是自然年。

Frequently Asked Questions关于市场数据的常见问题

Disclaimer: This data is presented for general informational purposes. Real estate decisions should be made with full local-market context. Past performance does not predict future results. For a personalised consultation contact Arthur Zhao directly.免责声明：本页数据仅供参考。地产决策需结合具体市场背景，过往表现不代表未来。如需个性化咨询请直接联系 Arthur Zhao。