10/08/2026
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Home sales โ 9.0% vs last year (5,040 sales)
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New listings โ 14.4% (16,500 listings)
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Average price: $1,006,409 โ 5.1% year-over-year
๐ GTA buyers remained cautious in September, with economic uncertainty, inflation and borrowing costs continuing to weigh on home-buying decisions.
๐ Both sales and new listings declined compared to last year, but new listings fell at a faster rate, suggesting that while demand remains soft, fewer homeowners are also choosing to list.
๐ Compared to August, both sales and new listings declined on a seasonally adjusted basis, pointing to a slower start to the fall market.
๐ The average selling price remained above $1 million but was down 5.1% compared to last year. The benchmark price also declined 4.7% year-over-year, with both measures edging slightly lower compared to August.
๐ฌ There continues to be significant pent-up demand across the GTA, but many potential buyers appear to be waiting for greater confidence around employment, inflation and the future direction of borrowing costs before making a move.
๐ For buyers, softer prices continue to create opportunities and negotiating power. If economic confidence improves and pent-up demand returns to the market, today's buying conditions may not last.
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Hamid Amirrad (๐๐ฐ๐๐ซ๐-๐๐ข๐ง๐ง๐ข๐ง๐ Realtor)
Right At Home Realty
๐ฒ (905) 923-0121
๐ฉ [email protected]
