Nine months of inventory at the top of the market.
C12 is still the loosest market in the city — 9.0 months of supply, a 28.2% sales-to-new-listings ratio — and the only district where the condo benchmark is up.
Seventeen sales in August at an average of $2,134,400 and a median of $2,100,000. Months of inventory sit at 9.0, the highest in the City of Toronto, on a 28.2% sales-to-new-listings ratio, the city's lowest. Homes sold at 94% of asking in 48 days.
The top of the market moves on its own clock: sellers are unmortgaged and unhurried, buyers are few and careful. The benchmark, $2,332,800 and down 1.57%, says values are broadly holding — it is liquidity that has thinned, not worth. One oddity: the apartment benchmark, $1,105,200, is up 0.74%, the only condo benchmark in the city that rose. That is a small, expensive segment, so read it as steady rather than strong.
If you are buying at this level, nine months of standing inventory means real room to negotiate on all but the trophy product. If you are selling, price with courage and stage with patience. Either way, this is a market you enter with a thesis, not a feed alert.
MLS® HPI Benchmarks · C12 · August 2026 · y/y
| Composite | $2,332,800 | -1.57% |
| SF Detached | $3,143,000 | -2.08% |
| SF Attached | $1,380,200 | -5.68% |
| Townhouse | $1,067,300 | -10.93% |
| Apartment | $1,105,200 | 0.74% |
Figures: TRREB Market Watch, August 2026, and MLS® Home Price Index (August 2026), extracted and arithmetically verified; subject to TRREB revision. Refreshed with each monthly cycle. Not intended to solicit buyers or sellers currently under contract. Eric Geng, Salesperson, RE/MAX City Accord Realty Inc., Brokerage. Each Office Independently Owned and Operated.