Greater Toronto Buyers Find Value as Home Prices Adjust

In August 2026, 79.3% of Greater Toronto Area home sales closed below the final asking price, with a median discount of about 3%. Detached houses and condos sold around 3.2% below asking, attached homes about 2.2%. The average sale price was $855,000, down 1.16% from July and 4.79% from the previous year. Uxbridge had the highest rate of below-asking sales, while Ajax and Markham were most competitive. Negotiation varies by home type and municipality.