September 2026 market report · Data released October 6, 2026 · Reviewed October 10, 2026
The Toronto housing market in September 2026 stayed in the same lane it has been in all year: fewer sales than a year ago, lower prices, and buyers who take their time. Across the TRREB market area, 5,040 homes sold, down 9.0% from September 2025. The average selling price was $1,006,409, down 5.1%. New listings fell even faster, by 14.4%, so supply is tighter than it was last fall.
The fall market did bring sellers back. New listings jumped from 12,075 in August to 16,500 in September, the usual post-summer pattern. Sales did not follow. They were almost flat from August, which is why active listings climbed back above 26,000 at month end.
Below you will find the headline numbers, prices by home type, a city-by-city table with month-over-month changes for Toronto, Mississauga, Brampton, Oakville and others, sales by price band, and a plain-language read on what it means if you are buying or selling this fall. The source is TRREB’s September 2026 Market Watch. Calculations by Local Toronto are labelled.
GTA housing market snapshot: September 2026
| Measure | Sept 2026 | Sept 2025 | Change |
|---|---|---|---|
| Sales | 5,040 | 5,540 | -9.0% |
| New listings | 16,500 | 19,270 | -14.4% |
| Active listings | 26,131 | 28,813 | -9.3% |
| Average selling price | $1,006,409 | $1,060,036 | -5.1% |
| Median selling price | $860,000 | n/a | n/a |
| Average listing days on market | 34 | 33 | +3.0% |
| Average property days on market | 51 | n/a | n/a |
| Sale price to list price | 98% | n/a | n/a |
| Dollar volume | $5.07 billion | n/a | n/a |
Compared with a year ago, 500 fewer homes sold, 2,770 fewer new listings came on, and 2,682 fewer homes were sitting on the market at month end (Local Toronto calculations from TRREB counts). Listings shrank faster than sales, which is the main reason the market feels a little less one-sided for buyers than it did in 2025.
The gap between the average ($1,006,409) and the median ($860,000) was $146,409. Half of all September sales closed at $860,000 or less. If you are trying to picture a “typical” GTA sale, the median is the better number. The average is pulled up by detached homes in Toronto, Oakville and York Region.
September vs August 2026: what changed in one month
| Measure | August 2026 | September 2026 | Change |
|---|---|---|---|
| Sales | 5,057 | 5,040 | -0.3% |
| Average price | $993,410 | $1,006,409 | +1.3% |
| New listings | 12,075 | 16,500 | +36.6% |
| Active listings | 24,482 | 26,131 | +6.7% |
| Average listing days | 35 | 34 | -1 day |
The average price moved back above $1 million after dipping below it in August. Before reading too much into that, note what TRREB said about its seasonally adjusted numbers: sales and new listings were down from August, and both the HPI composite benchmark and the average price edged lower. The raw increase likely reflects the mix of homes that sold. The City of Toronto, where sales rose from 1,767 to 1,937 and the average jumped 5.6%, made up a bigger share of September’s transactions.
The bigger story is listings. 4,425 more new listings came on in September than in August, while sales stayed flat. That is a normal fall pattern, but it means buyers walking into October have more to choose from than they did in the summer.
Interactive chart: GTA prices and sales, September 2026
Pick a comparison and a measure to redraw the chart. Data is fixed to the September 2026 report.
The chart needs JavaScript. All figures are in the tables below.
Toronto house prices by home type
| Home type | GTA sales | GTA average | 416 average | 905 average | Price YoY | Sales YoY |
|---|---|---|---|---|---|---|
| Detached | 2,399 | $1,292,016 | $1,562,966 | $1,193,432 | -5.1% | -8.7% |
| Semi-detached | 459 | $1,015,202 | $1,207,884 | $851,266 | -0.2% | -8.2% |
| Townhouse (combined) | 803 | $820,637 | $922,445 | $789,299 | -4.6% | -12.8% |
| Condo apartment | 1,316 | $605,257 | $640,248 | $533,654 | -7.7% | -7.8% |
| Home type | 416 sales | 905 sales | 416 share |
|---|---|---|---|
| Detached | 640 | 1,759 | 26.7% |
| Semi-detached | 211 | 248 | 46.0% |
| Townhouse | 189 | 614 | 23.5% |
| Condo apartment | 884 | 432 | 67.2% |
Condo apartments took the biggest hit. The average condo sold for $605,257, down 7.7% from a year earlier, the steepest drop of any major type. Two-thirds of condo sales were in the City of Toronto, where investor demand is weak and newly completed buildings keep adding resale supply. If you are buying a first condo, this is the segment where you have the most room to negotiate. Read our guide to house types if you are weighing a condo against a townhouse.
Semi-detached prices held. At -0.2%, semis were essentially flat year over year. A Toronto semi averaged $1,207,884. Semis sit in the sweet spot for move-up buyers who want freehold ownership without a detached price, and the data suggests that demand is still there.
Detached homes: a $369,534 gap between the 416 and the 905. That is the difference between the Toronto detached average ($1,562,966) and the 905 detached average ($1,193,432). It compares homes that sold, not identical houses, but it shows why so many families look to Peel, Durham and Halton.
Townhouse sales fell the most, down 12.8%. The 905 townhouse average of $789,299 is still one of the most realistic entry points into freehold ownership in the region.
GTA home prices by region and city
| Region | Sales | Average | Median | New listings | Active | Months of inventory | Sold vs list | Avg days | Avg vs Aug |
|---|---|---|---|---|---|---|---|---|---|
| Toronto | 1,937 | $1,034,320 | $810,000 | 6,521 | 9,865 | 4.6 | 99% | 33 | +5.6% |
| Peel | 936 | $906,719 | $855,000 | 2,661 | 4,631 | 4.9 | 97% | 35 | -0.2% |
| Halton | 502 | $1,139,025 | $982,500 | 1,733 | 2,625 | 4.2 | 96% | 33 | +2.6% |
| York | 893 | $1,136,650 | $1,043,000 | 3,106 | 5,168 | 5.0 | 97% | 38 | -3.7% |
| Durham | 552 | $828,141 | $770,000 | 1,834 | 2,622 | 3.5 | 98% | 30 | +1.0% |
“Avg vs Aug” is a Local Toronto calculation comparing raw average prices with the August 2026 report. Months of inventory is TRREB’s trend figure.
Durham is still the tightest market in the GTA. It had the shortest inventory trend (3.5 months), the fastest sales (30 days on average) and homes selling at 98% of list. It is also the most affordable region, with a median of $770,000. Those facts are connected.
York is the softest. Five months of inventory, 38 days to sell and a 3.7% drop in the average price from August. Markham and Vaughan both fell more than 5% month over month. Buyers in York Region have the most negotiating room in the GTA right now.
Toronto’s 99% sale-to-list ratio was the highest of any region. Well-priced Toronto homes are still selling close to asking, even with the condo segment under pressure.
City-by-city: Toronto, Mississauga, Brampton, Oakville and more
| City | Sales | Average | Median | New listings | Active | Months of inventory | Sold vs list | Avg days | Avg vs Aug |
|---|---|---|---|---|---|---|---|---|---|
| City of Toronto | 1,937 | $1,034,320 | $810,000 | 6,521 | 9,865 | 4.6 | 99% | 33 | +5.6% |
| Mississauga | 468 | $929,600 | $868,000 | 1,371 | 2,408 | 4.8 | 97% | 36 | +3.5% |
| Brampton | 404 | $854,322 | $816,750 | 1,073 | 1,785 | 4.7 | 97% | 32 | -3.7% |
| Caledon | 64 | $1,070,154 | $962,495 | 217 | 438 | 6.6 | 95% | 41 | -4.5% |
| Oakville | 162 | $1,365,169 | $1,211,500 | 699 | 1,073 | 4.9 | 96% | 32 | +3.1% |
| Milton | 118 | $1,018,973 | $917,500 | 341 | 522 | 3.8 | 96% | 35 | +4.2% |
| Burlington | 177 | $1,033,458 | $880,000 | 519 | 761 | 3.6 | 97% | 34 | +1.2% |
| City | Sales | Average | August average | Avg vs Aug |
|---|---|---|---|---|
| Markham | 245 | $1,125,353 | $1,208,692 | -6.9% |
| Vaughan | 213 | $1,163,441 | $1,234,758 | -5.8% |
| Richmond Hill | 172 | $1,189,203 | $1,205,777 | -1.4% |
| Orangeville | 33 | $746,322 | $755,759 | -1.2% |
Mississauga vs Brampton: The gap between the two cities widened sharply. In August the all-home averages were only $11,645 apart. In September Mississauga averaged $929,600 and Brampton $854,322, a gap of $75,278. Mississauga rose 3.5% from August while Brampton fell 3.7%. One month is not a trend, and the mix of homes sold matters, but Brampton buyers have more room to negotiate than their neighbours to the south. If you own in Brampton and are thinking about adding value instead of selling, our guides to registering a two-unit house in Brampton and registering a second unit in Mississauga walk through the process. Our Mississauga vs Brampton buying guide covers the practical differences.
Toronto: The city averaged $1,034,320, up 5.6% from August, on 1,937 sales. The median was $810,000. The $224,320 gap between the two is the widest of any region, because Toronto’s market spans $500,000 condos and $3 million detached homes.
Caledon had 6.6 months of inventory and homes sold at 95% of list, the weakest numbers in this table. With only 64 sales, a few large transactions can swing the average, but sellers there should price carefully.
Oakville remained the priciest city in the table at $1,365,169. Milton and Burlington had the tightest supply, at 3.8 and 3.6 months. Burlington’s 46.1% sales-to-new-listings ratio was the highest of any city here.
For a running city-by-city history, see our GTA home prices by city tracker.
How many homes sold in each price range?
| Price point | Sept sales | Sept share | August share |
|---|---|---|---|
| Under $600,000 | 1,117 | 22.2% | 21.9% |
| Under $1,000,000 | 3,218 | 63.8% | 65.3% |
| $1,000,000 and up | 1,822 | 36.2% | 34.7% |
More than one in five September sales closed under $600,000, and most of those were condo apartments. Nearly two-thirds of all sales were under $1 million. The share of million-dollar sales rose slightly from August, which lines up with the higher average price: more expensive homes made up a bigger slice of the month, rather than each home selling for more.
If you are budgeting, the price band tells you where homes are trading, not what you can afford. Work through financing, property tax, closing costs and condo fees before you set a range. Our fixed vs variable mortgage guide covers rates this fall.
2025 vs 2026: monthly sales and average prices
| Month | 2025 sales | 2025 average | 2026 sales | 2026 average |
|---|---|---|---|---|
| January | 3,819 | $1,041,187 | 3,044 | $968,468 |
| February | 4,127 | $1,086,586 | 3,834 | $1,007,392 |
| March | 4,956 | $1,090,372 | 4,992 | $1,015,058 |
| April | 5,556 | $1,106,505 | 5,918 | $1,051,810 |
| May | 6,195 | $1,120,716 | 6,550 | $1,069,621 |
| June | 6,191 | $1,101,854 | 6,745 | $1,059,183 |
| July | 6,046 | $1,050,529 | 5,980 | $1,003,763 |
| August | 5,168 | $1,021,300 | 5,057 | $993,410 |
| September | 5,540 | $1,060,036 | 5,040 | $1,006,409 |
Every month of 2026 has had a lower average price than the same month in 2025. Sales tell a different story: spring and early summer 2026 were busier than 2025, but August and September fell behind. September 2025 had a fall bounce, with sales up from August. September 2026 did not.
Year to date: January to September 2026
| Area | YTD sales | YTD average |
|---|---|---|
| All TRREB areas | 47,115 | $1,025,266 |
| Toronto | 17,470 | $1,041,416 |
| York | 8,488 | $1,153,588 |
| Peel | 8,293 | $934,723 |
| Durham | 5,720 | $838,406 |
| Halton | 5,307 | $1,179,275 |
| Dufferin | 268 | $748,911 |
The year-to-date median was $870,000, and 131,158 new listings have come on since January. TRREB revises earlier months, so the year-to-date total can differ slightly from adding up the monthly rows above.
What the September numbers mean for you
If you are buying this fall
This is a better fall to buy than last year. You have more listings to pick from than in the summer, prices are about 5% below September 2025, and homes are taking a month or more to sell. In York Region, Caledon and the condo market, sellers are under the most pressure. In Durham, Burlington and Milton, good homes still move quickly.
Do not wait for a perfect bottom. Nobody can call it, and the Bank of Canada decision on October 28 could shift both rates and buyer confidence. Get pre-approved, look at sold prices on the same street, and make offers based on what comparable homes actually sold for. Our home-buying questions and answers covers the checks to make.
New construction is another option. Builders are offering incentives to move inventory, as our GTA new home sales report shows.
If you are selling this fall
You are competing with 16,500 new listings in September alone, 4,425 more than in August. Buyers can compare, and they will. Price against what sold in the last 60 days, not what your neighbour listed at in May. Homes are selling at 96% to 99% of list on average, so an asking price far above recent comparables usually means a longer wait and a price cut later.
Plan for about five to seven weeks. The average property took 51 days to sell when you count relistings. Prepare the home properly before it goes on the market. Our GTA home-selling guide covers preparation and pricing. For a number based on your own street, request a free home evaluation.
What to watch in October
- Municipal elections on October 26. TRREB’s president called the vote an important moment for housing. In Toronto, the land transfer tax is a live issue: TRREB wants the municipal land transfer tax cut and opposes expanding it. See where GTA mayoral candidates stand on housing.
- Bank of Canada on October 28. A cut would lower variable rates and help buyers on the fence. Read our rate decision preview.
- Development charges. Some GTA cities are cutting charges on new homes, which could affect new-build pricing. See which cities have signed on.
- Buyer confidence. TRREB’s chief information officer noted there is pent-up demand, but buyers want confidence in their jobs and in borrowing costs before acting. If both improve, the high listing count could start to clear.
Toronto housing market questions
What was the average home price in Toronto in September 2026?
The City of Toronto average was $1,034,320 across all home types, with a median of $810,000. Across the full TRREB area the average was $1,006,409 and the median $860,000.
Are GTA home prices still falling?
Year over year, yes. The average price was 5.1% lower than September 2025 and the HPI composite benchmark was down 4.7%. Month over month, the raw average rose 1.3%, but TRREB’s seasonally adjusted average and benchmark both edged lower. Prices have not clearly turned up yet.
Is it a buyer’s market in Toronto right now?
For most of the GTA, conditions lean toward buyers. Inventory trends of 4.2 to 5.0 months in most regions, 34 average days to sell and 98% sale-to-list ratios give buyers time and some room to negotiate. Durham, Burlington and Milton are tighter. The condo market and York Region are the softest.
Is fall 2026 a good time to buy a house in the GTA?
Fall brings more listings than summer, and prices are below last year. That gives buyers choice. Whether it is right for you depends on your financing, how long you plan to stay, and the specific homes available in your area. A home you plan to own for many years matters more than timing a single month.
Which GTA city had the biggest price change in September?
Among the cities in this report, Markham’s average fell the most from August (-6.9%), followed by Vaughan (-5.8%) and Caledon (-4.5%). Toronto rose the most (+5.6%), followed by Milton (+4.2%) and Mississauga (+3.5%). These are raw monthly changes and can reflect the mix of homes sold.
When will the October 2026 numbers come out?
TRREB usually publishes the previous month’s Market Watch in the first week of the following month, so expect October data in early November. We update this series every month.
Read the full TRREB September 2026 Market Watch
The complete report includes every municipality, Toronto district, property type and Home Price Index table behind this article.
Open the full September 2026 report (PDF)
View the report inside this page
Sources and notes
- TRREB Market Watch, September 2026: headline figures, home types, price bands, regions, cities, year to date and commentary.
- TRREB Market Watch, August 2026: August comparison figures and the January to August monthly history.
- TRREB Market Watch landing page: monthly releases and revision notices.
Month-over-month changes, gaps, shares and raw inventory ratios are Local Toronto calculations from TRREB’s published counts and are not seasonally adjusted. Year-over-year changes are TRREB’s published figures. Averages compare the homes that sold in each period, not identical properties. This report is general market information and not an appraisal of any home.
Previous report: Toronto housing market August 2026.