10/05/2026
“While sales were down about eight per cent overall in September, this figure hides the fact the weakness is contained to the sizeable apartment segment, which typically accounted for half of sales in any given month in recent years,” said Andrew Lis, GVR chief economist and vice-president data analytics.
Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2026 is 10.9 per cent.
By property type, the ratio is
🏡 Detached homes: 9.7%
🏘️ Attached homes: 12.2%
🏢 Apartments: 11.4%
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
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