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GTA REALTORS RELEASE SEPTEMBER STATS TORONTO, ONTARIO, October 6, 2026 – Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales. GTA REALTORS® reported 5,040 home sales through TRREB’s MLS® System in September 2026 – down nine per cent compared to September 2025. New listings entered into the MLS® System amounted to 16,500 – down by 14.4 per cent year-over-year.
Source: TRREB Market Watch
“On a seasonally adjusted basis, September 2026 home sales and new listings were down month-overmonth compared to August 2026. “Housing is one of the biggest issues on voters’ minds, and the upcoming municipal election will help shape housing policy across the GTA and Simcoe County for the next four years. The decisions our next mayors and councillors make on affordability, housing supply and the costs associated with buying a home can also influence buyer demand and confidence in the market,” said Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld. The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 4.7 per cent year-overyear in September 2026. The average selling price, at $1,006,409, was down by 5.1 per cent. On a seasonally adjusted basis, both the MLS® HPI Composite and average selling price edged lower month-over-month compared to August 2026. “We know there is substantial pent-up demand in the GTA, with many households fully intending on purchasing a home in the months ahead. These would-be homebuyers want to take advantage of today’s more affordable housing market, but they need to be confident that their employment situation will remain solid and inflation will not put pressure on borrowing costs over the long term,” said TRREB Chief Information Officer Jason Mercer. “Governments must make homeownership more attainable by reducing barriers such as Toronto’s Municipal Land Transfer Tax and opposing its expansion across the GTA and Simcoe County,” said TRREB CEO John DiMichele. “With trade uncertainty and tariffs continuing to affect Canada’s economy, maintaining a strong housing sector is critical to supporting consumer confidence, economic growth, and the significant spin-off spending generated by every MLS® transaction,” continued DiMichele. Source: TRREB Market Watch
GTA MARKET UPDATE
Year-Over-Year Summary September 2026
2026
2025
% CHANGE
SALES
5,040
5,540
-9.0%
NEW LISTINGS
16,500
19,270
-14.4%
ACTIVE LISTINGS
26,131
28,813
-9.3%
AVERAGE PRICE
$1,006,409
$1,060,036
-5.1%
AVERAGE PROPERTY DAYS ON MARKET
51
51
0.0%
Sales
Average Price
416
905
416
905
Detached YoY % Change
640 -4.0%
1,759 -10.3%
$1,562,966 -7.6%
$1,193,432 -4.4%
Semi-Detached YoY % Change
211 -0.9%
248 -13.6%
$1,207,884 2.1%
$851,266 -4.8%
Townhouse YoY% Change
189 -13.7%
614 -12.5%
$922,445 -0.8%
$789,299 -5.8%
Condo Apartment YoY % Change
884 -5.5%
432 -12.4%
$640,248 -6.1%
$533,654 -12.0%
Source: TRREB Market Watch
Source: TRREB Market Watch
MISSISSAUGA MARKET UPDATE AVERAGE HOME PRICE
NEW LISTINGS
$929,600
1,371
PROPERTY DAYS ON MARKET
MONTHS OF INVENTORY
YEAR OVER YEAR % CHANGE
56
5.15
-3.80%
Source: TRREB Market Watch
TORONTO MARKET UPDATE AVERAGE HOME PRICE
NEW LISTINGS
$1,034,320
6,521
PROPERTY DAYS ON MARKET
MONTHS OF INVENTORY
YEAR OVER YEAR % CHANGE
45
5.09
-3.84%
Source: TRREB Market Watch
BURLINGTON MARKET UPDATE OAKVILLE MARKET UPDATE AVERAGE HOME PRICE AVERAGE HOME PRICE
NEW LISTINGS NEW LISTINGS
$1,000,032 $1,365,169
119 699
PROPERTY DAYS ON MARKET PROPERTY DAYS ON MARKET 53
MONTHS OF INVENTORY MONTHS OF INVENTORY 3.86
56
6.62
Source: Source:TRREB TRREBMarket Market Watch Watch
YEAR OVER YEAR % CHANGE YEAR OVER YEAR % CHANGE
-0.20% -3.03%
BURLINGTON MARKET UPDATE AVERAGE HOME PRICE
NEW LISTINGS
$1,033,458
519
PROPERTY DAYS ON MARKET
49
MONTHS OF INVENTORY
YEAR OVER YEAR % CHANGE
4.30
-2.81%
Source: TRREB Market Watch
MILTON MARKET UPDATE AVERAGE HOME PRICE
NEW LISTINGS
$1,018,973
341
PROPERTY DAYS ON MARKET
MONTHS OF INVENTORY
YEAR OVER YEAR % CHANGE
56
4.42
-4.83%
Source: TRREB Market Watch
VAUGHAN MARKET UPDATE AVERAGE HOME PRICE
NEW LISTINGS
$1,163,441
735
PROPERTY DAYS ON MARKET
MONTHS OF INVENTORY
YEAR OVER YEAR % CHANGE
61
5.95
-5.21%
Source: TRREB Market Watch
DURHAM MARKET UPDATE AVERAGE HOME PRICE
NEW LISTINGS
$828,141
1,834
PROPERTY DAYS ON MARKET
MONTHS OF INVENTORY
YEAR OVER YEAR % CHANGE
48
4.75
-5.20%
Source: TRREB Market Watch
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A friend recommended Theresa Baird to us when we were looking to sell our condo, and we are so glad we reached out to her. Theresa connected us with Lindsay Meadwell, a member of her team, who has been working closely with us throughout the process. We are very grateful to both of them for their support. Lindsay has been incredibly hands-on and dedicated. She regularly attends showings and takes the time to speak with potential buyers and their agents, sharing her knowledge of our building and the surrounding neighbourhood. We really appreciate how involved she has been and the care she puts into presenting our home. Communication has been excellent. Whenever we have a question, concern, or different opinion, Lindsay is always quick to respond, listen, and provide a thoughtful solution. She has made what could be a stressful process feel much smoother and more manageable. As we get closer to closing, we feel confident knowing that Theresa and Lindsay are there to guide us through the final steps. We truly appreciate their dedication, professionalism, and responsiveness throughout this process! - Jean and Min