How these numbers are produced

Definitions

Sales

Firm transactions reported through the MLS® System during the month. A sale is counted in the month the offer became firm, not when it closes.

Dollar volume

The total value of those sales. Equal to sales × average price, which is one of the checks run against every row.

Average price

The mean sale price. It moves when the mix of homes changes — a month with more detached sales lifts it even if no individual home got more expensive.

Median price

The middle sale price. Resistant to a few extreme sales, but still follows the mix.

MLS® HPI benchmark

The price of a consistent, typical home for the area, adjusted for its attributes. Because the home is held constant, this is the most like-for-like price signal here — and why it often disagrees with the average.

New listings

Properties newly listed during the month.

Active listings

Listings still available at month end. New listings measure supply arriving; active listings measure supply standing.

LDOM

Average days on market for the current listing. TRREB began reporting this in January 2020.

PDOM

Average days on market across a property’s consecutive listings, so a relisting does not reset the clock. Also from January 2020.

DOM (before 2020)

Editions before January 2020 report a single average days-on-market figure. It is not interchangeable with either LDOM or PDOM, so it is stored separately and charts show a break at the boundary rather than a joined line.

SP/LP

Average sale price as a share of list price. Above 100% means competing offers were common; below means negotiation was.

SNLR

Sales-to-new-listings ratio — sales divided by new listings. Below 40% favours buyers, above 60% favours sellers, between is balanced.

MOI

Months of inventory — active listings divided by monthly sales, i.e. how long current stock would take to clear. Above 6 favours buyers, below 4 favours sellers.

MoM and YoY

Month-over-month compares to the immediately preceding month; year-over-year to the same month a year earlier. Month-over-month picks up seasonality — the GTA reliably slows in summer and December — so year-over-year is the better read on direction.

What is measured versus what is calculated

Sales, dollar volume, average and median price, listings, days on market, sale-to-list ratios and the MLS® HPI are published by TRREB and reproduced as printed.

Sales-to-new-listings, months of inventory, month-over-month and year-over-year changes, shares, rankings and market-balance labels are calculated here from those figures.

One distinction matters and is easy to miss: TRREB also publishes its own trend-smoothed SNLR and months-of-inventory columns. Those are not the same as the ratios computed here from a single month’s raw counts. Both appear on area pages, labelled separately, and are never mixed.

The 905 total is derived as TRREB total minus the City of Toronto, because TRREB does not publish one. Only additive counts are subtracted; average price is recovered from dollar volume over sales. Ratio columns are left blank, because a difference of averages is not an average.

Checks every month must pass

A month is not published until it reconciles. These run on ingest and again at build:

• The 35 Toronto districts sum to the City of Toronto total, for every home type.
• Toronto West, Central and East subtotals tie to their own districts.
• York, Peel and Durham municipalities sum to their region totals.
• Dollar volume equals sales × average price, within 1%, on every row.
• Every required area is present with an all-home-types row.
• Sale-to-list ratios fall between 80% and 130%; days on market are non-negative.

All 128 months on file currently pass. Where TRREB’s own published figures disagree with each other — its Halton regional total has exceeded the sum of its municipalities in a few months — the figures are reported as published and the discrepancy is noted, never silently corrected.

Low samples

An area and home type with fewer than five sales in a month is flagged and excluded from the movers lists. With a handful of transactions, one unusual sale can look like a market move. The figures are still shown — they are real — but they should be read as what they are.

Revisions

TRREB restates figures from time to time as late reports arrive. This site keeps the originally published figure for a month and notes a restatement where one occurs, so a report you read last month still says what it said.

Source and coverage

Source: Toronto Regional Real Estate Board MarketWatch, August 2026, and the 128 monthly editions from January 2016 to August 2026.

Neighbourhood descriptions for the Toronto districts are drawn from TRREB’s published area map and are still being verified district by district. The statistics are unaffected — only the plain-English descriptions of what each code covers.