10/06/2026
GTA Real Estate Market Update 🏡
The GTA housing market remained quiet in September, as buyers continued to take a wait-and-see approach amid concerns about the economy, job security, inflation and borrowing costs.
📉 5,040 homes sold — down 9% from September 2025
🏠 16,500 new listings — down 14.4% year-over-year
💰 Average price: $1,006,409 — down 5.1% from last year
For buyers, affordability has improved and negotiating power is stronger. The condo market remains especially challenging, with prices and demand still under pressure and plenty of choice available.
For sellers, strategic pricing is more important than ever. Buyers are taking their time, and homes may require longer marketing periods.
The bigger story? Pent-up demand. Many buyers still want to make a move—they’re simply waiting for greater confidence in the economy and borrowing costs.
As we head into fall, the big question is: Will improved affordability finally bring buyers off the sidelines?
If you’re thinking about buying, selling, or simply want to understand what today’s market means for you, please don’t hesitate to reach out. I’m always happy to help.
