10/08/2026
September Market Review
Buyers stayed on the sidelines in September, but the market is shifting in their favour. Here's what the latest TRREB Market Watch shows:
๐๏ธ Benchmark prices continue to soften. The MLSยฎ Home Price Index Composite benchmark, which tracks the price of a typical home, was down 4.7% year-over-year to $917,600. On a seasonally adjusted basis, both the benchmark and the average price edged lower from August.
๐๏ธ Buyers have more choice and more negotiating room. Active listings ended the month at 26,131, down 9.3% from last year, with roughly 4.6 months of inventory across the GTA. Homes sold for an average of 98% of list price.
๐๏ธ Demand is waiting, not gone. TRREB notes significant pent-up demand, with many households planning to buy once they feel confident about jobs, inflation and borrowing costs. With the municipal election approaching, housing affordability and the costs of buying a home remain key issues to watch.
Thinking about buying or selling this fall? Let's talk about what these numbers mean for your neighbourhood. ๐ก
Source: TRREB Market Watch, September 2026