September 2026 GTA & Durham Region Real Estate Market Update

• GTA home sales reached 5,057 in August 2026, a 2.1% decrease compared with August 2025. 
• New GTA real estate listings fell 14.1% year-over-year, with 12,075 properties coming to market in August. 
• Active listings totalled 24,482, compared with 27,594 one year earlier, showing that available housing inventory has tightened. 
• The average GTA home selling price was $993,410, down 2.7% year-over-year. 
• The MLS® Home Price Index benchmark declined 4.5% year-over-year, although prices were essentially unchanged from July. 
• Average GTA selling prices increased slightly month-over-month, suggesting recent price declines may be beginning to stabilize. 
• Detached, semi-detached, townhouse and condominium prices continue to show year-over-year softness, while the month-to-month market is showing greater stability. 
• Average days on market were 35 days, giving buyers more time to evaluate properties than during highly competitive market cycles. 
• The sales-to-new-listings ratio was 42%, while months of inventory stood at approximately 4.6 months, consistent with more balanced market conditions. 
• For GTA and Durham Region home buyers: declining new listings could reduce choice if inventory continues to tighten. Buyers should watch both pricing and inventory rather than relying only on year-over-year price headlines. 
• For GTA and Durham Region home sellers: fewer competing listings may improve positioning, but buyers remain price-conscious. Preparation, condition and accurate pricing remain important. 
• For real estate investors: a more balanced market can create opportunities to evaluate properties based on long-term value, income potential and financing rather than competing solely on speed.