New data from HouseSigma shows that in August 2026, 79.3 per cent of Greater Toronto Area home sales closed below the seller’s final asking price, 17.7 per cent went above list price, and 3.0 per cent were sold at the exact asking price.

The discount varies by property type. Detached houses and condo apartments both sold at a median of about 3.2 per cent below asking, while attached homes, including townhouses, semi-detached houses, and link homes came in at 2.21 per cent.

The typical GTA home buyer in August paid $24,000 less than the list price, a median discount of 2.97 per cent. Of 4,855 home sales in August, the average GTA selling price was $855,000, down 1.16 per cent from July and down 4.79 per cent from $898,000 in August 2025.

Attached homes came in at $813,500, down 1.39 per cent over the month and 4.46 per cent over the year. Detached homes had a median price of $1,140,000, down 0.44 per cent from July and 3.39 per cent lower than a year earlier.

Condos prices fell furthest over the month and year, with units going for a median of $530,000, down 1.94 per cent from July and 6.77 per cent below August 2025.

Regional breakdown

In Uxbridge, 90.5 per cent of August sales closed below asking, followed by Caledon at 88.3 per cent, Halton Hills at 87.7 per cent, Oakville at 86.8 per cent and Georgina at 85.1 per cent. It’s worth noting that Uxbridge recorded only 21 qualifying sales, so its lead is fragile: one different outcome moves it by several points.

Ajax and Markham were the region’s most competitive markets, with the smallest proportions (65.8 per cent and 69.9 per cent, respectively) of sales closing below list price. Sixteen of the 26 municipalities that we measured (which must have had at least 20 sales in August) sat above the GTA-wide figure of 79.3 per cent.

What does it mean for buyers and sellers?

HouseSigma notes that buyer negotiation depends more on the type of home and the municipality than on the regional figure. A detached house in Caledon or Halton Hills sits in the part of the market where sellers are conceding most readily, and opening at the asking price there leaves money on the table. A townhouse or semi is a different negotiation, with roughly a third less room built into the typical outcome, and buyers in Ajax or Markham should expect competition rather than a guaranteed discount.