09/12/2026
The Greater Toronto Area market continued to tighten as summer wrapped up. While sales held relatively steady, a sharper drop in listings is shifting conditions across our communities.
The Numbers at a Glance:
Average Selling Price: $993,410 (down 2.7% YoY)
Total Sales: 5,057 transactions (down 2.1% YoY)
New Listings: 12,075 (down 14.1% YoY)
Active Inventory: 24,482 homes (down 11.3% YoY)
3 Key Insights for Sellers:
Less Competition: New listings fell 14.1%, meaning fewer active properties are competing for buyer attention.
Prices Are Leveling Off: The annual price decline narrowed to just 2.7%, with monthly averages beginning to stabilize.
Accurate Pricing Wins: Homes are selling in an average of 35 days at roughly 97% of the asking price when priced correctly from day one.
3 Key Insights for Buyers:
More Favorable Entry Points: Average prices sit under $1M, offering improved affordability compared to last year.
Shrinking Inventory: Total listings dropped over 11% year-over-year, which will limit your options in high-demand pockets.
Stable Borrowing Costs: With policy interest rates steady at 2.25%, financing is predictable heading into the fall market.
