10/08/2026
🏡 Market Watch September 2026
📉 The GTA market remains in a holding pattern.
September brought continued uncertainty for Ontario homebuyers, with concerns around the economy, inflation, employment and borrowing costs weighing on buyer confidence.
📊 Here’s what happened in the GTA:
🏠 5,040 homes sold
↘️ Down 9% compared to September 2025
📋 16,500 new listings
↘️ Down 14.4% year-over-year
💰 Average selling price: $1,006,409
↘️ Down 5.1% year-over-year
📉 MLS® HPI Composite Benchmark
↘️ Down 4.7% year-over-year
Interestingly, both sales and new listings also declined month-over-month on a seasonally adjusted basis compared with August.
🏠 WHAT DOES THIS MEAN FOR BUYERS & SELLERS?
For buyers, today’s market continues to offer more affordability compared with recent years, but economic uncertainty is causing many purchasers to remain on the sidelines.
For sellers, reduced inventory is an important factor to watch. With 14.4% fewer new listings entering the market compared with last September, buyers may have less choice in certain communities.
There is also significant pent-up demand. Many households are waiting for greater confidence in employment and borrowing costs before making their move.
📈 The big question:
Will lower prices and reduced inventory eventually bring more buyers back into the market?
With continued economic uncertainty, tariffs and questions surrounding future borrowing costs, confidence will likely remain a major driver of the Ontario housing market heading into the final months of 2026.
Thinking about buying or selling? Let’s talk about what these numbers mean for your specific neighbourhood and property. 🏡
📲 DM me anytime for a personalized market update.
647-880-4827
BrandonVanTol.ca
[email protected]
