Toronto & GTA Real Estate Market Update – October 2026
- 5,040 homes sold across the Greater Toronto Area (GTA) in September 2026, representing approximately a 9% decline compared with September 2025.
- The GTA saw approximately 16,500 new real estate listings, down 14.4% year-over-year, indicating fewer homeowners are bringing properties to market.
- The average GTA home selling price was $1,006,409, approximately 5.1% lower than September 2025.
- The MLS® Home Price Index benchmark declined approximately 4.7% year-over-year, creating improved affordability for some Toronto and GTA home buyers.
- Homes took an average of 34 days to sell, compared with approximately 33 days during the same period last year.
- The average sale-to-list price ratio was 98%, meaning GTA home sellers are generally achieving close to their asking prices.
- Current conditions indicate a balanced GTA real estate market, giving buyers more negotiating opportunities while inventory remains relatively controlled.
- Lower home prices may provide opportunities for first-time home buyers, move-up buyers and real estate investors who have been waiting for improved affordability.
- Buyers remain cautious despite improving affordability, making proper pricing and marketing increasingly important for GTA home sellers.
Fall Home Maintenance Tips for Ontario Homeowners
- Clean your gutters before winter to remove leaves and debris and help prevent water buildup, leaks and ice damage.
- Inspect your roof for damaged, missing or loose shingles and check flashing around vents and other roof penetrations.
- Check windows and exterior doors for drafts and replace damaged weatherstripping to improve energy efficiency.
- Prepare your furnace for winter by replacing the filter and considering professional furnace maintenance before colder weather arrives.
- Inspect exterior vents, including furnace and dryer vents, and clear away leaves, nests and debris.
- Prepare your yard for winter weather by trimming branches that could become hazardous under heavy snow or ice.
- Winterize exterior plumbing by disconnecting garden hoses and shutting off exterior water supplies where possible.
- Make sure snow shovels, ice melt, snow brushes and other winter supplies are easily accessible before the first snowfall.
GTA Housing Market Outlook & Municipal Housing Policy
- Housing affordability continues to be a major concern for GTA residents and home buyers.
- Municipal governments play an important role in decisions affecting housing supply, development, affordability and the cost of homeownership.
- Upcoming municipal decisions could influence Toronto, GTA and Simcoe County housing policy over the next several years.
- Increased housing supply and improved affordability could help strengthen buyer confidence in the Greater Toronto Area real estate market.
What This Means for GTA Home Buyers and Sellers
- Buyers: Softer prices and increased negotiating opportunities may make this a good time to explore available homes.
- Sellers: With buyers remaining selective, accurate pricing, strong presentation and strategic real estate marketing are especially important.
- Investors: Changing prices and market conditions may create opportunities to evaluate Toronto and GTA real estate investment properties.
- Homeowners: Understanding current neighbourhood values can help with decisions involving selling, refinancing, renovations or future real estate plans.
- Whether you're considering buying a home, selling a property, investing in real estate or simply wondering what your home is worth, Lavji Real Estate Group can provide local market insight and professional guidance.
