Etobicoke — Most Expensive homes for August 2026.

Listings (sorted by price):
1. Listing W13152672 — $13,950,000
2. Listing W12571062 — $12,995,000
3. Listing W13487728 — $9,280,000
4. Listing W13644600 — $8,500,000
5. Listing W13225230 — $7,980,000
6. Listing W12733810 — $6,995,000
7. Listing W13690334 — $5,900,000
8. Listing W13641898 — $5,489,000
9. Listing W13422460 — $5,198,000
10. Listing W13609694 — $4,897,800
11. Listing W13574284 — $4,850,000
12. Listing W13560136 — $4,799,000
13. Listing W13709240 — $4,649,000
14. Listing W13682232 — $4,575,000
15. Listing W13682964 — $4,500,000

Canada’s softer condo market gave buyers more time, more inventory, and more negotiating leverage, making building-level due diligence just as important as unit price.
In Ontario, every condo offer should stay conditional on reviewing the Status Certificate, because reserve funds, litigation, fees, and rules can shape long-term value.
Buyers should compare reserve fund balances with the reserve fund study and watch for repeated fee jumps above 5%, which can signal deferred maintenance.
Investor-heavy buildings can affect financing, while transit access, walkability, retail, and comparable sales in the same building help test long-term fit for buyers.
With prices lower and choice higher, the main risk is not overpaying for a strong building but underpaying for a poorly run one.

Canada’s avg. asking rent reached ~$2K in Early-Q3, down ~4% yearly but up <1% MoM, marking the smallest annual pullback since Early-Q1 2026.
Rents logged 22 straight months of yearly declines, yet four consecutive monthly gains followed a nearly 3-yr low, signaling seasonal momentum and early market stabilization.
Purpose-built rentals proved most resilient, with yearly rents down ~3% to ~$2K and three-bedroom units steady. Condo apartments fell ~6%, houses and townhomes down ~8%.
National apartment and condo rents averaged ~$2K in Early-Q3, up <1% from Late-Q2. Toronto stood out, with yearly listings ↓~6% and rents nearing positive territory.
The current signal: stabilizing, not recovering. Seasonal back-to-school demand may keep momentum building, while Toronto remains the market to watch for an earlier shift.

Georgetown — Most Expensive homes for August 2026.

Listings (sorted by price):
1. Listing W13224310 — $6,950,000
2. Listing W13554372 — $5,499,900
3. Listing W13658746 — $4,950,000
4. Listing W13413568 — $4,500,000
5. Listing W13415778 — $4,449,000
6. Listing W13669298 — $4,390,000
7. Listing W13582798 — $3,750,000
8. Listing W13071770 — $3,388,000
9. Listing W13644648 — $2,999,900
10. Listing W13437640 — $2,825,000
11. Listing W13416290 — $2,649,000
12. Listing W13663856 — $2,599,000
13. Listing W13214056 — $2,499,900
14. Listing 40839937 — $2,499,000
15. Listing W13446264 — $2,499,000

Temporary tax relief and builder incentives can bring buyers back, but not every household can time a purchase around a limited rebate window.
A solid savings plan remained the more reliable path to affordability, regardless of provincial policy shifts, because rebate programs can change or expire.
In the Greater Toronto Area, buyers can strengthen readiness by automating contributions and using registered homebuyer accounts that offer tax advantages for purchases.
Tracking debt-to-income early matters, since lenders weigh it heavily, and paying down high-interest debt before applying can improve approval odds and mortgage pricing.
Budget beyond the down payment and watch Ontario rebates beyond sales-tax relief; buyers with strong habits are better positioned when incentive windows open.

Starting September 21, Ontario landlords may issue N4 non-payment notices with dates at least seven days after notice, down from 14 days in most cases.
That shorter N4 deadline is not an eviction: landlords still need a board order, and they cannot change locks or remove tenants themselves.
Ontario also will set a clearer standard for repeated late rent: payment arriving seven days late on at least three occasions within six months.
For some N12 personal-use notices, landlords can avoid 1 mo's rent compensation if notice gives at least 120 days and ends with the rental period.
After an N12 move-out, the intended occupant is expected to move in within 60 days; otherwise, a rebuttable presumption of bad faith can arise.
Overall, Ontario's changes aim to speed board cases while preserving hearing rights, making faster responses, accurate notices, and careful records more important for both sides.

Markham — Most Expensive homes for August 2026.

Listings (sorted by price):
1. Listing N13087922 — $13,000,000
2. Listing N13635668 — $8,988,000
3. Listing N13537014 — $8,800,000
4. Listing N13635912 — $8,499,000
5. Listing N13531450 — $7,988,000
6. Listing N13492044 — $7,880,000
7. Listing N13700454 — $6,488,000
8. Listing N13081272 — $6,288,000
9. Listing N13436972 — $6,000,000
10. Listing N13486576 — $6,000,000
11. Listing N13231694 — $5,490,000
12. Listing N13211000 — $5,488,000
13. Listing N13217692 — $5,280,000
14. Listing N13493592 — $4,980,000
15. Listing N13721530 — $4,699,999

Current Ontario condo closings left some purchasers owing up to 30% above a unit’s market value, as proposed units had fallen below their contract prices.
Many purchases could not close because banks based mortgage advances on current unit value, leaving insufficient closing funds when contract prices exceeded appraisal.
Long gaps between signing and closing came from pre-sales, approvals, permits, contractor agreements, and labor shortages, giving falling markets time to upend buyer plans.
In Ontario’s earlier seller’s market, developers sometimes canceled deals when costs surged, prompting provincial scrutiny, proposed penalties, and calls for independent reviews.
Purchasers faced complex contracts with limited escape routes: usually only a 10-day cooling-off period, or termination if occupancy missed the outside occupancy date.