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The market shifted gears in August. More than 5,200 homes sold across the GTA. slightly above last year, but the real headline is supply. Over 14,000 new listings hit the market, nearly 10% more than last August. That means buyers suddenly have more choice and more leverage than they’ve had all year.
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• Sales: 5,211 homes sold (+2.3% YoY)
• New Listings: 14,038 (+9.4% YoY)
• Average Price: $1,022,143 (-5.2% YoY)
• Average Days On Market: 33
Prices tell the other side of the story. The average home sold for $1,022,143, about 5% lower than a year ago. But compared to July, prices held steady, hinting the market may be finding its footing. With inflation easing and talk of more Bank of Canada rate cuts ahead, affordability could improve further as we head into fall.
Right now, it’s a market where buyers get room to breathe, sellers need to stand out, and investors have opportunities if they know where to look.
Thinking of buying?
More listings mean more choice, less pressure, and more power at the negotiating table. Sellers are flexible, but the best-priced homes still move quickly. Getting pre-approved keeps you ready to act when the right one shows up.
Thinking of selling?
Buyers are back, but they’re choosier than before. Clean, staged homes priced for today’s market are getting serious attention. If you’ve been waiting for activity to return, the timing is here, but presentation and strategy are everything.
Thinking of investing?
Detached homes outside the city are holding their value better than downtown condos, and rental demand is steady. With softer prices and more inventory, opportunities are opening up in markets just beyond the core.
Your next step matters more than the market headlines. Let’s plan it together.
Talk to Daaron today.
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Welcome to the front nine where space, privacy, and peace of mind meet modern family living. |
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This bright, updated condo townhouse is in the sought-after St. Andrews Fairways community, backing onto ravine and mature trees with no rear neighbours. With three finished levels, this home features hardwood floors throughout, 9' smooth ceilings, and a functional open-concept layout. The main floor walks out to a west-facing covered balcony perfect for unwinding after work or hosting friends. Upstairs, you'll find three spacious bedrooms including a serene primary with treed views, custom walk-in closet, and renovated ensuite. The finished lower level includes a walkout to the backyard, a versatile rec space, updated laundry room, and interior garage access. A move-in ready home in a quiet, family-friendly pocket - with room to grow.
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Address: 774 Harry Syratt Avenue
Price: $799,999
Details: 3+1 Bed | 4 Bath | 2 Parking
Size: 1600-1799 sqft.
Exposure: W
Area: Stonehaven-Wyndham, Newmarket
Learn more
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Exclusive off market listing! |
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Fully renovated from top to bottom with no expense spared. A rare 3-bedroom split layout. Both primary bedrooms feature walk-in closets and private ensuites. Custom built-ins throughout offer exceptional storage, all seamlessly integrated to blend with the design. Highlights include marble countertops, imported Italian tile backsplash, and high-end finishes in every room. Every detail was considered in this full gut reno - nothing left untouched. Located in a well-managed building with low maintenance fees and all utilities included.
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Address: 1701 - 40 Richview Road
Price: $1,095,000
Details: 3 Bed | 3 Bath | 1 Parking
Size: 1690 sqft.
Exposure: NE
Area: Humber Heights | Westmount, Etobicoke, Toronto
Learn more
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What My Clients Have To
Say
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I first started browsing through condos.ca way back in 2021. Back then I was 10 year renting my bachelor apartment and with rent control building I was probably on the lowest monthly rent across the country. It was always my intention to become a homeowner someday but with high interest rate and selling price everywhere at the time, I felt I should wait for the right moment. Earlier this year, I noticed situation has started to improve somehow. So there it was, first time I updated my profile in condos.ca in four years. And this time, I went one step further by requesting viewings on some of the properties that caught my attention. To my delight, Daaron Johnston responded to my requests right away. Obviously, I had my resources in my community to gather all the information that I needed as a potential first time home buyer but with Daaron’s knowledge and professionalism, the whole process felt much smoother than I expected. We have clear communication throughout, and he helped us navigate multiple offers, ultimately securing a great deal in a competitive market. I highly appreciate the on-going attention that Daaron and his team has given me in the beginning and all the way towards the closing period. I highly recommend their service for anyone who needs help with anything associated with property sale in Toronto or GTA. As I myself will reach out to them again should I need further assistance one day.
- Andreas P.
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Download our apps to search on the go!
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DAARON JOHNSTON
Daaron is consistently ranked as one of the company's top producers for good reason. He completed his Broker's course, the highest level of education in the Real Estate industry, as well as his BComm in Global Business Management and Finance from Ted Rogers School of Management. Additionally, he own multiple houses and condos in his portfolio which allows him to provide knowledge to all of his clients, from first-time buyers to even the most sophisticated investors. He has a proven track record of building his clients' financial success, ensuring smooth transactions, and building lasting relationships with all of his clients. If you're looking to buy, lease, or sell in the GTA, contact Daaron for a personalized and tailored experience you'll always remember.
HAVE A QUESTION ABOUT BUYING, SELLING, OR INVESTING IN DOWNTOWN TORONTO? I'M ALWAYS OPEN TO HELP.
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