Greater Toronto Buyers Find Value as Home Prices Adjust

This August, nearly 80% of homes sold in the Greater Toronto Area closed below asking price—on average, buyers negotiated a 3% discount. The average sale price landed at $855,000, which is a drop of just over 1% from July and almost 5% lower than last year. These numbers remind me that every transaction tells its own story, shaped by the type of home, the neighbourhood, and the needs of the people involved. With nearly three decades helping clients navigate markets like this, I know how important it is to approach each sale with honest advice, careful listening, and a steady hand at the negotiation table. The right outcome always starts with understanding what matters most to you.