Ontario Housing Market Report — August 2026

In August 2026, the middle home sold across Ontario went for $675,000, down -2.9% from a year earlier. The balance between sales and new listings points to a balanced market.

These figures are still settling

Sales are reported to the board after they close, so the most recent month keeps filling in for several weeks. The numbers below are what we hold for August 2026 today, and they will edge up as late reports arrive.

Key takeaways

• Ontario is in a balanced market right now.
• The middle Ontario home sold for $675,000, down -2.9% year-over-year.
• Homes took about 31 days to sell.
• 19.7% of sales closed at or above the asking price.
• At the current pace of sales, there is about 5.8 months of supply on the market.

Ontario at a glance

In August 2026, 11,920 Ontario homes changed hands, and the middle one sold for $675,000. Half of all sales fell between $490,000 and $925,000 — the band that tells you how much the middle figure is really standing in for. Homes traded at about 97.1% of their asking price. Right now there are 69,670 homes for sale across the province — browse them on the HOMEH listings page.

The average Ontario sale price was $794,986. It sits above the median of $675,000 because a small number of very expensive sales pull an average upward, while the median simply reports the middle sale — which is why we lead with it.

What this means for you

It is a balanced market

Supply and demand are roughly even, so well-priced homes sell and buyers have time to choose. Either way, HOMEH helps you keep more of your money through our Cashback Rebate.

The price trend

Over the 12 months shown, the middle Ontario sale moved from $710,000 to $675,000 — a change of roughly -5%. Track it month to month on the HOMEH Market Watch page.

Prices by home type

Every row above rests on that type’s own completed sales for the month; types with too few sales to report a reliable middle price are left out rather than estimated. If you are weighing options, the HOMEH affordability calculator shows what each one means for your budget.

The condo market

Condo figures cover apartment-style condominiums across Ontario for August 2026, sales and leases counted separately. The rent shown is the middle lease of every size, not a one-bedroom average. Explore what is available now on the HOMEH Toronto condos page.