10/02/2026
The latest real estate market update!
How did VIREB's housing market fare last month? Conditions favoured buyers last month, with a 13 per cent absorption rate and nearly eight months of inventory on the books.
VIREB recorded 562 unit sales (all property types) in September 2026, down 13 per cent from one year ago. Year-over-year active listings (all property types) were 4,457, up four per cent from the previous year.
In the single-family category (excluding acreage and waterfront), 279 homes sold in September 2026, a decrease of eight per cent from one year ago and down six per cent from last month. Sales of condo apartments in September came in at 55, down seven per cent from last year and 21 per cent from August. In the row/townhouse category, 50 units changed hands in September, a drop of 36 per cent from one year ago and down 37 per cent from August.
Active listings of single-family homes were 1,458 in September, up from 1,424 one year ago. VIREB’s inventory of condo apartments was 359 last month, dropping from the 390 properties listed in September 2025. There were 332 row/townhouses for sale last month compared to 341 the previous year.
Benchmark prices for September were as follows.
• Single-family - $777,300 (down 1% y-o-y)
• Apartment - $401,700 (down 4% y-o-y)
• Townhouse - $557,000 (up 1% y-o-y)
📊 Our full September 2026 Statistics Package is available at https://bit.ly/4z9ey4j. For local market insights, please contact a REALTOR® in your area. 🏡
