Latest Blog Posts

GTA Home Sales Fall 9% in September as Buyers Remain Cautious

Posted by Paul Lee on Oct 15, 2026

September 2026 TTREB Market Watch Report

Toronto Land Transfer Tax Relief? A Major Housing Proposal That Could Save Buyers Up to $18,000

Posted by Paul Lee on Oct 01, 2026

A Major Housing Proposal That Could Save Buyers Up to $18,000

August 2026 GTA Housing Market Update | Toronto Real Estate

Posted by Paul Lee on Sep 10, 2026

GTA Real Estate Market Update

July 2026 GTA Housing Market Update: Inventory Tightens as Buyer Competition Grows

Posted by Paul Lee on Aug 26, 2026

The Greater Toronto Area (GTA) housing market continued its gradual shift in July 2026, with tighter ...

June 2026 GTA Housing Market Update: Toronto Home Sales Rise as Listings Fall—Is the Market Shifting Again?

Posted by Paul Lee on Jul 10, 2026

Toronto and GTA home sales rose 9.4% in June 2026 while new listings declined. See what the latest TRREB ...

GTA Housing Market Update May 2026: Home Sales Rise as Listings Decline

Posted by Paul Lee on Jun 10, 2026

The Greater Toronto Area housing market continued to show signs of recovery in May 2026, with home sales ...

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New property listed in Vaughan

Excited to share new listing at 50 Hopewell Street in Vaughan. See details here

Rarely offered Four-bedroom semi-detached home in Kleinburg's Impressions community. Open-concept layout with 9-ft ceilings, hardwood flooring, an upgraded kitchen with stainless steel appliances and plenty of space for a growing family. Gas fireplace, pot lights, custom window coverings and California shutters. Four bedrooms upstairs plus a den with vaulted ceilings, suited to a home office or study space. Landscaped backyard with a professionally installed concrete patio for outdoor dining and entertaining. Fantastic location - quick walk to the New Kleinburg Marketplace, including Longo's, LCBO and Shoppers Drug Mart, with convenient access to Highway 427. Enjoy nearby parks, nature trails, and the shops and cafés of historic Kleinburg Village.

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Open House. Open House on Saturday, November 14, 2026 2:00PM - 4:00PM

Please visit our Open House at 50 Hopewell Street in Vaughan. See details here

Open House on Saturday, November 14, 2026 2:00PM - 4:00PM

Rarely offered Four-bedroom semi-detached home in Kleinburg's Impressions community. Open-concept layout with 9-ft ceilings, hardwood flooring, an upgraded kitchen with stainless steel appliances and plenty of space for a growing family. Gas fireplace, pot lights, custom window coverings and California shutters. Four bedrooms upstairs plus a den with vaulted ceilings, suited to a home office or study space. Landscaped backyard with a professionally installed concrete patio for outdoor dining and entertaining. Fantastic location - quick walk to the New Kleinburg Marketplace, including Longo's, LCBO and Shoppers Drug Mart, with convenient access to Highway 427. Enjoy nearby parks, nature trails, and the shops and cafés of historic Kleinburg Village.

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Open House. Open House on Sunday, November 15, 2026 2:00PM - 4:00PM

Please visit our Open House at 50 Hopewell Street in Vaughan. See details here

Open House on Sunday, November 15, 2026 2:00PM - 4:00PM

Rarely offered Four-bedroom semi-detached home in Kleinburg's Impressions community. Open-concept layout with 9-ft ceilings, hardwood flooring, an upgraded kitchen with stainless steel appliances and plenty of space for a growing family. Gas fireplace, pot lights, custom window coverings and California shutters. Four bedrooms upstairs plus a den with vaulted ceilings, suited to a home office or study space. Landscaped backyard with a professionally installed concrete patio for outdoor dining and entertaining. Fantastic location - quick walk to the New Kleinburg Marketplace, including Longo's, LCBO and Shoppers Drug Mart, with convenient access to Highway 427. Enjoy nearby parks, nature trails, and the shops and cafés of historic Kleinburg Village.

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New property listed in Toronto E05

Excited to share new listing at 906 2800 Warden Avenue in Toronto. See details here

Welcome to St. Paul's Terrace, a well-established 55+ life-lease community offering comfortable, independent living. This spacious 1,037 sq. ft. southwest-facing corner suite features two bedrooms, two bathrooms, and a bright solarium. Recently updated with new laminate flooring along with updated vanity with quartz countertops in bathrooms. The generous living and dining areas provide plenty of room for everyday comfort and entertaining, while the solarium offers a pleasant space to relax and enjoy the natural light. Residents can enjoy a range of on-site amenities, including a restaurant, fitness room, activity spaces, and rooftop garden, providing opportunities to stay active and connected within the community. Includes underground parking. Conveniently located close to shopping, transit, parks, and everyday amenities. A welcoming community designed for those seeking an independent, low-maintenance lifestyle. Amenities include Hair Salon, Church, Beautiful Garden Areas, Gym, Restaurant, Security, Property Management. Plenty of Recreational Programs . Wonderful community. Maintenance fees are inclusive of utilities and property taxes

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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.

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New property listed in Toronto C15

Excited to share new listing at 73 Harrington Crescent in Toronto. See details here

A blank canvas for renovators, investors and first-time buyers looking to make a home their own in North York's Bayview Woods-Steeles neighbourhood. This bright semi-detached raised bungalow sits on a generous lot and offers 1,259 sq. ft. on the main floor, three bedrooms on the main level and two bathrooms in total. The main floor features a spacious living and dining area with a walkout to the balcony, plus a large eat-in kitchen. The spacious basement has a separate entrance, a large rec room, Kitchenette, and an additional bedroom. Renovate it as a family home with room for multiple generations, or secondary suite for potential rental income. Three parking spaces include two on the widened driveway and one in the single-car garage. In the Steelesview Public School, Zion Heights Middle School and A.Y. Jackson Secondary School catchments. Near Bestview Park and the East Don Parklands, with a direct TTC bus to Finch Station and access to Highway 404 via Steeles Avenue East.

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New property listed in Markham

Excited to share new listing at 9 Brightbay Crescent in Markham. See details here

Updated throughout, this raised bungalow sits on a beautiful south-facing lot with 60-foot frontage and offers two front entrances and hardwood and tile flooring on the main level. Seton a quiet crescent in Grandview, with schools, parks and transit nearby. Kitchen with quartz countertops, refaced cabinetry and updated fridge. Pot lights with smart switches, updated light fixtures, a main-level fireplace converted to electric with surround, and custom blinds including several motorized options. All main-level windows replaced; renovated main-level bathroom; custom primary bedroom built-ins incorporating two closets. Updated stair railing sand banister. Fenced backyard with mature trees, deck and pergola. Updated front steps, porch, railing, storm door with retractable screen, basement door and garage door; painted siding. Most work completed 2022; pergola 2024. Near Henderson Avenue PS, Thornhill SS and Grandview Park with playground and seasonal splash pad. TTC at Steeles/Henderson connects to Finch Station; overnight Steeles bus service. Future Planned Steeles Station at Yonge/Steeles on the Yonge North Subway Extension

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Open House. Open House on Sunday, October 25, 2026 2:00PM - 4:00PM

Please visit our Open House at 9 Brightbay Crescent in Markham. See details here

Open House on Sunday, October 25, 2026 2:00PM - 4:00PM

Updated throughout, this raised bungalow sits on a beautiful south-facing lot with 60-foot frontage and offers two front entrances and hardwood and tile flooring on the main level. Seton a quiet crescent in Grandview, with schools, parks and transit nearby. Kitchen with quartz countertops, refaced cabinetry and updated fridge. Pot lights with smart switches, updated light fixtures, a main-level fireplace converted to electric with surround, and custom blinds including several motorized options. All main-level windows replaced; renovated main-level bathroom; custom primary bedroom built-ins incorporating two closets. Updated stair railing sand banister. Fenced backyard with mature trees, deck and pergola. Updated front steps, porch, railing, storm door with retractable screen, basement door and garage door; painted siding. Most work completed 2022; pergola 2024. Near Henderson Avenue PS, Thornhill SS and Grandview Park with playground and seasonal splash pad. TTC at Steeles/Henderson connects to Finch Station; overnight Steeles bus service. Future Planned Steeles Station at Yonge/Steeles on the Yonge North Subway Extension

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Open House. Open House on Saturday, October 24, 2026 2:00PM - 4:00PM

Please visit our Open House at 9 Brightbay Crescent in Markham. See details here

Open House on Saturday, October 24, 2026 2:00PM - 4:00PM

Updated throughout, this raised bungalow sits on a beautiful south-facing lot with 60-foot frontage and offers two front entrances and hardwood and tile flooring on the main level. Seton a quiet crescent in Grandview, with schools, parks and transit nearby. Kitchen with quartz countertops, refaced cabinetry and updated fridge. Pot lights with smart switches, updated light fixtures, a main-level fireplace converted to electric with surround, and custom blinds including several motorized options. All main-level windows replaced; renovated main-level bathroom; custom primary bedroom built-ins incorporating two closets. Updated stair railing sand banister. Fenced backyard with mature trees, deck and pergola. Updated front steps, porch, railing, storm door with retractable screen, basement door and garage door; painted siding. Most work completed 2022; pergola 2024. Near Henderson Avenue PS, Thornhill SS and Grandview Park with playground and seasonal splash pad. TTC at Steeles/Henderson connects to Finch Station; overnight Steeles bus service. Future Planned Steeles Station at Yonge/Steeles on the Yonge North Subway Extension

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New property listed in Markham

Excited to share new listing at 9 Brightbay Crescent in Markham. See details here

Updated throughout, this raised bungalow sits on a beautiful south-facing lot with 60-foot frontage and offers two front entrances and hardwood and tile flooring on the main level. Seton a quiet crescent in Grandview, with schools, parks and transit nearby. Kitchen with quartz countertops, refaced cabinetry and updated fridge. Pot lights with smart switches, updated light fixtures, a main-level fireplace converted to electric with surround, and custom blinds including several motorized options. All main-level windows replaced; renovated main-level bathroom; custom primary bedroom built-ins incorporating two closets. Updated stair railing sand banister. Fenced backyard with mature trees, deck and pergola. Updated front steps, porch, railing, storm door with retractable screen, basement door and garage door; painted siding. Most work completed 2022; pergola 2024. Near Henderson Avenue PS, Thornhill SS and Grandview Park with playground and seasonal splash pad. TTC at Steeles/Henderson connects to Finch Station; overnight Steeles bus service. Future Planned Steeles Station at Yonge/Steeles on the Yonge North Subway Extension

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New property listed in Toronto C15

Excited to share new listing at 16 780 Sheppard Avenue E in Toronto. See details here

Rarely offered upper-level townhouse condo in coveted Bayview Village neighborhood, just steps to Bessarion Subway (Line 4). Newly renovated with new stairs, new luxury vinyl flooring, and updated bathrooms. 2 bedrooms, 2 full baths, 9' ceilings, and a huge private rooftop terrace with water and gas hookup - ideal for BBQs and entertaining. 2 side-by-side parking spots included. Walk to Bayview Village Shopping Centre, new community centre & library, Starbucks, banks, shops, restaurants.

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Why Are GTA Home Sales Down 9%? What September 2026's Numbers Mean for Buyers and Sellers

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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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.