There were reportedly 5,040 home sales in the Greater Toronto Area (GTA) this past September. The Toronto Regional Real Estate Board found that homebuyers stuck to a holding pattern due to uncertainty surrounding the economy, inflation and borrowing costs. As a result, sales went down nine per cent compared to September 2025.

New listings amounted to 16,500 – down by 14.4 per cent year-over-year. On a seasonally adjusted basis, September 2026 home sales and new listings were down month-over-month compared to August 2026.

“Housing is one of the biggest issues on voters’ minds, and the upcoming municipal election will help shape housing policy across the GTA and Simcoe County for the next four years,” said TRREB President Daniel Steinfeld. “The decisions our next mayors and councillors make on affordability, housing supply and the costs associated with buying a home can also influence buyer demand and confidence in the market.”

The Home Price Index (HPI) Composite benchmark was down by 4.7 per cent year-over-year in September 2026. The average selling price, at $1,006,409, was down by 5.1 per cent. On a seasonally adjusted basis, both the HPI Composite and average selling price edged lower month-over-month compared to August 2026.

“We know there is substantial pent-up demand in the GTA, with many households fully intending on purchasing a home in the months ahead,” added TRREB Chief Information Officer Jason Mercer. “These would-be homebuyers want to take advantage of today’s more affordable housing market, but they need to be confident that their employment situation will remain solid and inflation will not put pressure on borrowing costs over the long term.”