Toronto Real Estate: Are Days on Market Really Out of Control?

The Toronto housing market is always a topic of debate, and recently one phrase has been coming up more often: days on market. With headlines suggesting homes are sitting unsold longer than ever, many buyers and sellers are left wondering, is the market slowing down, or is this just another seasonal shift?

Why August Always Feels Slower

Every August, real estate activity slows down. Families are finishing summer vacations, kids are preparing to head back to school, and buying or selling a home simply takes a back seat. Historically, both August and December - January show higher average days on market, not because the market is collapsing, but because priorities shift.

This trend is consistent across the Toronto Real Estate Board and can be seen nationwide. The numbers change depending on location, but the seasonal pattern remains almost identical.

Putting Today’s Market in Context

It’s important to zoom out. During the pandemic years of 2020 and 2021, homes were selling at lightning speed, sometimes within a day or two. That period created unrealistic expectations for how fast homes “should” sell.

Looking at longer-term data, today’s average days on market align much more closely with pre-COVID years such as 2014–2015. While slightly higher now, the numbers are not “out of hand.” Instead, they reflect a more balanced and sustainable market.

What This Means for Buyers and Sellers

• Sellers: If your home is taking longer to sell in August, don’t panic. The slowdown is seasonal. Expect a surge of new listings and more active buyers in September and October.

• Buyers: A slower market can be an advantage. With fewer bidding wars, you may find better negotiating opportunities.

• Investors: Recognizing the cycle helps you plan acquisitions. Timing a purchase just before seasonal demand picks up can position you for stronger returns.

The Bigger Picture

Toronto real estate continues to be one of the most resilient markets in Canada. Seasonal cycles are a natural part of the process, not a sign of collapse. Understanding these cycles—and working with professionals who can guide you through them, ensures you make smarter decisions, whether you’re buying, selling, or investing.

Wrap Up

The data shows that Toronto’s days on market are not spiralling out of control, they’re simply reflecting the seasonal ebb and flow of real estate. As fall approaches, expect activity to pick up once again.