10/08/2026
Hi Everyone,
The GTA housing market remained relatively quiet in September, as many buyers continued to take a wait-and-see approach. Concerns about the economy, inflation, job security and future borrowing costs are making some households hesitant to make a major purchase. Here is a look at the numbers:
5,040 homes sold across the GTA in September, down 9% from September 2025. At the same time, 16,500 new properties came onto the market, a decrease of 14.4% from a year ago. Both sales and new listings also declined compared to August. For buyers, the good news is that prices remain below last year's levels. The GTA's average selling price in September was $1,006,409, down 5.1% from September 2025.
Condos continue to be one of the more challenging segments of the market. Prices remain below last year's levels, and buyers have plenty of choice, but the underlying story is one of pent-up demand rather than a lack of interest in homeownership. Many people would like to buy, but they want to feel more confident about their employment, the economy and where borrowing costs are headed.
As we move through the fall, the key question will be whether improved affordability is enough to bring some of these buyers off the sidelines. If confidence improves while the supply of available homes remains relatively restrained, we could see more activity in the months ahead.
If you're wondering where you're positioned in this challenging market, I am always happy to inform, educate and of course, provide clarity. Just give me a call!
