GTA Market Insights: September 2026
Homebuyers were in a holding pattern in September, as uncertainty about the economy, inflation and borrowing costs weighed on GTA home sales.
September at a glance
Sales: 5,040, down 9% from September 2025
New listings: 16,500, 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
Compared to August 2026 (seasonally adjusted): sales, new listings and prices all edged lower
What it means
Prices are below where they were a year ago, and fewer homes are coming to market. TRREB points to substantial pent-up demand, but many buyers are waiting for more confidence in their jobs and borrowing costs before they move.
One to watch
The upcoming municipal election will help shape housing policy across the GTA for the next four years, including costs like Toronto's Municipal Land Transfer Tax.
Thinking about buying or selling? Reach out anytime, and I'm happy to talk about what these numbers mean for your neighbourhood.
Paul Lee
REALTOR® | Greater Toronto Area
Source: TRREB, MLS® System, September 2026. GTA-wide figures for general information only.
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