10/06/2026
🏠September in the GTA: what the numbers are telling us
The fall market has arrived, and September's TRREB numbers show a market that's quietly shifting.
The average GTA home sold for $1,006,409 last month, climbing back above the $1 million mark. That's still about 5% lower than a year ago, which means buyers today have more purchasing power than they did last fall.
Here's what caught our attention, though: new listings dropped 14.4% compared to last September, and active inventory is down 9.3%. Fewer homes are coming to market, while sales held steady at 5,040, nearly identical to August.
If you're buying, this is still a great window. Prices are more accessible, you have options, and there's room to negotiate. Condos averaged $605,257 (down 7.7% from last year) and townhomes averaged $820,637, both strong entry points into ownership.
If you're selling, less inventory means less competition for your home. TRREB notes there's significant pent-up demand, with many buyers simply waiting for more economic confidence. When they return, well-priced homes could see increased interest.
Every neighbourhood tells its own story, so if you're curious what this means for your home or your search, we are always happy to chat.
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