The Eichorn Report · Vol. 03
Figures in this edition are TRREB Greater Toronto Area data for August 2026, the most recent month published.
Metrics
Active Inventory
24,482
30-day trend
Active listings fell to 24,482 across the GTA in August, down 6.2 percent from July and 11 percent below the same month a year earlier. New listings were down 14.1 percent year over year, so the tightening is coming from supply rather than from a rush of buyers.
Median Sale Price
$993K
vs. last month
Last 6 readings · hover for values
Across the GTA the average selling price was $993,410 in August, easing about 1 percent from July and down 2.7 percent from a year earlier. The MLS Home Price Index composite, which adjusts for the mix of homes sold, was down 4.5 percent year over year. Detached homes on the Bathurst corridor continue to trade well above the regional average.
5-Yr Fixed Mortgage
4.24%
from 4.04% last month
The lowest insured five year fixed rate was 4.24 percent on 21 September, up from roughly 4.04 percent when the last edition went out. Rates drifting up while inventory tightens is the combination worth watching this autumn.
Avg. Days on Market
35
to sold
Homes averaged 35 days on market across the GTA in August, down from 42 in June. Months of supply sat at 4.8, which is still balanced territory rather than a sellers market.
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