Every month the Toronto Regional Real Estate Board publishes several hundred numbers. Most of them don't change what you should do. This is our read on the handful that do — written for people who actually own or are about to buy a home in West Toronto.
We publish a new report shortly after each TRREB release. Each one covers what sold, what prices did, how much choice buyers have, and — the part the headlines usually skip — what it means differently depending on whether you're buying, selling, or simply sitting on a house you like.
Where the market stands right now
The latest figures, from TRREB's August 2026 release covering the whole Greater Toronto Area:
The short version: the pool of homes for sale shrank again — active listings down 11.3% year over year — and the price decline narrowed sharply, from 4.5% in July to 2.7% in August. Closer to home, Toronto West held its average price essentially flat against last August. Read the full August 2026 report →
Every report
- August 2026 Choice is disappearing — and the price slide finally slowed.
- July 2026 Listings dry up faster than sales — and the balance starts to turn.
What we cover, and why
Four things, every month, in the same order:
- Prices — both the average selling price and the MLS Home Price Index benchmark. The two often disagree, and when they do, that disagreement is usually the story.
- Supply — new listings, active listings, and how many months of inventory that represents. This is the number that predicts where prices go next, more reliably than prices themselves.
- Pace — days on market and the sale-to-list-price ratio. How long things take, and whether buyers are negotiating or competing.
- What it means for you — the part that isn't in the statistics. Different advice for someone listing in September than for someone with a two-year horizon.
On the difference between average price and the HPI benchmark. The average selling price is exactly that — total dollars divided by number of sales — so it moves when the mix of what sold changes, not only when values change. A quiet month at the top end drags the average down even if nothing has actually gotten cheaper. The MLS Home Price Index benchmark controls for that by tracking a consistent notional home. When you see a headline about Toronto prices falling, check which one it's quoting.
Why West Toronto reads differently
GTA-wide numbers blend a Mimico one-bedroom with a Whitby townhouse, and the west end's established neighbourhoods rarely behave like the average. Detached houses in The Kingsway, Sunnylea and Humber Valley trade on a small pool of listings, where two or three sales can move a monthly figure meaningfully. The condo market along Humber Bay Shores is its own weather system entirely, and has been under more pressure than the freehold market for well over a year.
Which is why every report separates what the region did from what our neighbourhoods did — and why, at the individual street level, we'd rather look at your specific block than at any monthly average. That's a conversation with real comparables, not a chart.
Where the numbers come from
All market statistics are sourced from the Toronto Regional Real Estate Board's monthly Market Watch and MLS® Home Price Index releases, with policy-rate context from the Bank of Canada. Figures are reported as published; anything we derive ourselves — months of inventory, sales-to-new-listings ratios — is labelled as such. TRREB periodically restates historical data, so year-over-year comparisons in older reports may not match the current tables.
Want this in your inbox each month?
We send the West Toronto report to a short list of clients and neighbours when it publishes — plus what we're seeing on the ground that never makes it into the statistics.
Get In Touch