#GoodReads – August Home Sales
“In August 2026, 1,258 home sales were recorded through the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone), a 19.0 per cent decline from July and a 13.0 per cent decrease compared with the same period last year.
‘August sales fell to their lowest level in more than a decade across Cornerstone’s market areas, based on records dating back to 2013, while new listings also approached record lows, aside from August 2021. Broader economic uncertainty and affordability pressures continue to shape household decisions, with some buyers and sellers waiting for greater confidence before making a move. At the same time, tighter inventory has helped keep benchmark prices relatively stable, near early 2021 levels,’ said Bill Duce, CEO of Cornerstone. ‘Historically, September brings renewed activity, and CREA’s most recent national forecast supports a stronger second half of 2026. That said, real estate is inherently local, which is why connecting with a local REALTOR® who knows your specific market remains the most important step whether you’re buying or selling.’
The HPI composite benchmark was largely unchanged month-over-month, except in Norfolk County, which posted a 2.7% increase from July. On a year-over-year basis, each major Cornerstone market declined, though Burlington and Norfolk County saw only a minor decrease.
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| Area |
HPI Benchmark
August 2026 |
Monthly %
Change |
Yr./Yr.%
Change |
| Burlington |
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| Cambridge |
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| Haldimand County |
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| Hamilton |
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| Kitchener-Waterloo |
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| Mississauga |
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| Niagara North |
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| Norfolk County |
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There were 2,492 new listings added to Cornerstone’s MLS® System in August, a 20.8 per cent decline from the previous month and a 15.5 per cent decline from August 2025.
The total inventory across Cornerstone’s market areas decreased 7.2 per cent from the previous month and dropped 8.3 per cent year-over-year. There was a 4.3-month supply at the end of August, which was unchanged from the same period last year. The number of months of inventory represents the time it would take to sell the current inventory at the current sales rate.
In August, the average days on market across all Cornerstone market areas was 42, compared with 38 days in the previous month and 37 days in August 2025…”
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