10/08/2026
🏡 September 2026 Market Watch
September brought a quieter GTA real estate market, with many buyers continuing to wait and watch. Economic uncertainty, inflation concerns and borrowing costs are keeping some buyers on the sidelines.
Here’s what the numbers looked like:
📉 5,040 homes sold — down 9% from September 2025
📉 16,500 new listings — down 14.4% year-over-year
📉 Benchmark home price — down 4.7% year-over-year
📉 Average selling price: $1,006,409 — down 5.1% from September 2025
Sales and new listings also decreased compared with August on a seasonally adjusted basis.
So, what does this mean?
Buyers are still cautious, but there is also a lot of pent-up demand. Many people are waiting for more confidence around the economy, employment and future borrowing costs before making a move.
At the same time, fewer new listings are coming onto the market, which means the story isn't simply “prices are falling.”
For buyers, there are still opportunities in today's more affordable market.
For sellers, pricing and strategy remain incredibly important.
And as always, the GTA numbers are a broad overview. Real estate is local, and what’s happening across the GTA can look very different in New Tecumseth, Alliston, Tottenham and our surrounding rural communities.
If you're wondering what these numbers mean for your home or your plans, I'm always happy to have a conversation.
Jessica Maier | REALTOR®
Main Street Realty Ltd.
Helping You Put Down Roots 🌱