10/21/2026
🍂 Fall Real Estate Market Update 🍁
September’s GTA real estate stats are in, and it’s a Buyer's market! 🏡
📉 Average home prices are down 5% year-over-year to $1,006,409.
🏠 Sales have dropped nearly 10%.
⏳ Homes are taking an average of 51 days to sell.
📊 Inventory has risen to 5.18 months, putting buyers in a stronger position.
Buyers may be finding more opportunities, but rising fixed rates and the possibility of future rate hikes could increase borrowing costs. It’s a balancing act between waiting for lower prices and locking in today’s rates!
Stay tuned as we watch upcoming Bank of Canada announcements and see what the fall market brings.
Rob Morgan- 416-522-2338