Updated Sept 14th, 2026

• Ontario’s average home price decreased by 1.7% year-over-year to $788,835.
• Greater Toronto Area’s average home price decreased by 2.8% year-over-year to $993,410.
• City of Toronto’s average home price decreased by 1.2% year-over-year to $979,684.
• Ottawa’s average home price remained the same year-over-year, at $688,253.
• Mississauga’s average home price decreased by 7.2% year-over-year to $898,510.
• Brampton’s average home price decreased by 4.1% year-over-year to $886,865.
• Hamilton’s average home price decreased by 5.1% year-over-year to $736,731.
• Waterloo Region’s average home price decreased by 0.8% year-over-year to $722,351.
• Oshawa’s average home price decreased by 13% year-over-year to $652,775
  

  Ontario Housing Market as of August 2026

  Ontario’s housing market in August 2026 saw the average home price decreased to $788,835, down 1.1% monthly from July 2026. Prices were down 1.7% year-over-year from August 2025, when the average home price was $802,500.

  Greater Toronto Area (GTA)

  The average home price in the GTA in August 2026 was $1,006,409, down 5.1% year-over-year and up 1.3% monthly. The GTA benchmark home price was $917,600, down 4.6% year-over-year and down 0.9% month-over-month. The City of Toronto’s average home price was $1,034,320, down 5.1% year-over-year and up 5.6% monthly.

  Elsewhere in the GTA, Brampton’s average home price was $854,322, down 8.0% year-over-year. Markham’s average home price was $1,125,353, down 4.4% year-over-year. Vaughan’s average home price was $1,163,441, down 0.0% year-over-year, while Mississauga’s average home price was $929,600, down 4.1% year-over-year. Hamilton’s housing market in August 2026 saw the average sale price decreased 7.9% year-over-year to $714,420.

  Ottawa

  Ottawa’s housing market had an average home price of $685,640 in August 2026, down 0.7% year-over-year and down 0.4% month-over-month. Ottawa’s benchmark home price was $623,500, down 0.3% year-over-year and down 2.2% month-over-month. Ottawa’s robust job market, particularly in the public sector, and high quality of life make it an attractive destination for Ontario homebuyers.

  Kitchener-Waterloo and London

  Kitchener-Waterloo and London have seen significant growth in the past few years, with their tech sectors attracting young professionals, although home price growth has slowed. The average home price in the Kitchener-Waterloo-Cambridge Region was $703,800 in August 2026, down 6.6% year-over-year and down2.6% month-over-month. In London’s housing market, the average home price was $611,509 for August 2026, down from $622,805 in August 2025.