August brought a mixed market across Mississauga, Brampton, Milton, Oakville, Burlington and Vaughan. While buyers continue to have negotiating power in many areas, the numbers show that not all property types are behaving the same way.

Mississauga: Detached homes are sitting around 5.2 months of inventory, while condos have nearly 8 months of supply. Detached prices edged higher, but condos continued to soften.

Brampton: Freehold homes are closer to a balanced market, with detached homes at about 4 months of inventory. Condo properties remain much slower, with condo apartments approaching 10 months of supply.

Milton: Townhouses are one of the stronger segments at just 2.65 months of inventory, while condos continue to face more competition and softer pricing.

Oakville: Detached homes are around 5 months of inventory, while condos sit above 6 months. The market is giving buyers more choice, particularly in the condo segment.

Burlington: Freehold properties remain relatively active, with detached homes at just over 3 months of inventory. Condo apartments, however, are seeing significantly more supply and price pressure.

Vaughan: Detached and traditional townhomes are performing better, while condo townhouses and apartments continue to have considerably more inventory.

What does this mean?

The biggest takeaway is that there isn’t one GTA market. Freehold properties are generally holding up better, while condos are giving buyers considerably more negotiating power.

Across the GTA, August sales were down 2.1% year-over-year and the average selling price was $993,410, down 2.7%. At the same time, new listings dropped 14.1%, meaning available inventory is beginning to tighten.

For buyers, there are still opportunities. For sellers, accurate pricing and strong presentation are more important than ever.

The fall market could be very interesting.