10/07/2026
SEPTEMBER MARKET WATCH 🍂
Sales are down. Prices are lower than last year. And buyers still have plenty of choice.
But here’s where September gets interesting.
GTA sales came in at 5,040 — down 9% year-over-year — while the average price fell 5.1% to $1,006,409.
There were still more than 26,000 active listings at month-end. Toronto Regional Real Estate Board.
🏡 But Toronto is very much a market of markets right now.
Condo buyers have considerable selection. In the City of Toronto, there were 5,329 active condo apartment listings in September compared with 884 sales.
Meanwhile, some well-positioned family homes are telling a completely different story.
In Central Toronto, semi-detached homes sold in an average of just 17 days and averaged 102% of asking.
Attached/row houses were even quicker at 15 days, averaging 104% of asking.
And I’m seeing it on the ground too: the right family home, in the right neighbourhood, priced and presented well, can still attract multiple buyers.
📉 Another number worth watching?
New listings fell 14.4% from last September — considerably faster than sales.
That doesn’t mean the market has suddenly turned. It does mean the flood of fresh fall inventory many buyers may have expected hasn’t materialized.
So while the headlines say sales down, prices down, the experience of buying or selling can look very different depending on the property.
For buyers: there is opportunity, choice and negotiating room — but not necessarily on every house.
For sellers: broad Toronto averages won’t tell you how your home will perform. Neighbourhood, property type, price and presentation matter enormously.
And for anyone selling one home to buy another, understanding both markets you’re moving between is especially important.
The takeaway from September?
Don’t make a real estate decision based on a Toronto headline.
What you’re buying, what you’re selling, where it is and the price point you’re in can tell a very different story.
TorontoHomes