What Is the GTA Market Doing Right Now? October 2026 Sales Down 7.9%, Average Price at $1,024,108

November 9, 2027

The Toronto Regional Real Estate Board (TRREB) has released its October 2026 numbers. Here is a quick look at where the Greater Toronto Area (GTA) market stands.

October 2026 at a Glance

In October, GTA REALTORS® reported 5,603 home sales and 14,173 new listings through TRREB’s MLS® System. The average selling price was $1,024,108.

Compared with a year ago, every measure was lower. Compared with September, every measure was higher on a seasonally adjusted basis.

To be clear, one month does not make a trend. But it is a small sign worth watching.

Is Affordability Still in Check?

Monthly mortgage payments for an average priced home have edged up compared to a year ago. But they remain much more affordable than the payments required in 2023 and 2024.

TRREB Chief Information Officer Jason Mercer explained that lower selling prices have helped offset higher borrowing costs, and that buyers have continued to benefit from substantial negotiating power on price.

What This Means for Buyers and Sellers

Buyers continue to have room to negotiate on price. Sellers should expect buyers who are careful, well informed and focused on value.

In the meantime, if you’re considering buying or selling, I’d encourage you to understand your numbers first—your budget, your monthly payments, your upfront costs and your pricing strategy.

I’ll be following these trends closely. If you’d like to talk through what they mean for your plans, feel free to reach out. I’m always happy to have a conversation.

Paul Lee

REALTOR® | Greater Toronto Area

This article is for general informational purposes only and is based on market statistics released by TRREB on November 4, 2026. Figures may change, and policy announcements referenced here may not yet be fully implemented. It is not intended as legal, financial or real estate advice. Please seek independent legal and financial advice for your own circumstances.