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Buying an existing home in a market with falling prices and a thin shelf of listings.

Canada weighs the future of the foreign homebuyer ban, which expires at year-end

National Post · reported in CREA “Read All About It”, 8 Oct 2026

The federal ban on foreign homebuyers is scheduled to expire at the end of 2026, and the government is reported to be considering what comes next.

GTA bidding competition edges up, but sellers are still waiting

Canadian Mortgage Professional · reported in CREA “Read All About It”, 8 Oct 2026

Bidding activity ticked up in the GTA, but not enough to shift the balance back toward sellers.

Many Canadians switched to 3-year mortgages, which proved risky

Toronto Star · reported in CREA “Read All About It”, 8 Oct 2026

Borrowers who chose shorter 3-year terms are facing renewals sooner than they planned, in a rate environment that has not moved in their favour.

What it means: If your term ends in the next 12 months, ask your lender for a renewal quote and compare it with a broker’s.

Glass condo towers against a blue evening sky

GTA home sales fall 9% in September as buyers hold back

TRREB Market Watch, September 2026

There were 5,040 sales across the GTA, down 9.0% from a year earlier. New listings fell faster, by 14.4% to 16,500. The average price was $1,006,409 (−5.1%) and the HPI Composite benchmark was down 4.7%. Townhouse sales fell furthest (−12.8%), then detached (−8.7%).

What it means: Listings are shrinking faster than sales. That cushions prices, but it also means fewer good homes to choose from.

A modern two-storey home at dusk with a large tree and lit interior

Oakville in September: 162 sales, 4.9 months of inventory

TRREB Market Watch, September 2026

Oakville sold 162 homes at an average of $1,365,169 (median $1,211,500), selling at 96% of list price in 32 days on average. With 1,073 active listings, that is 4.9 months of inventory, the loosest of the four Halton municipalities (Burlington 3.6, Milton 3.8, Halton Hills 4.1).

What it means: Oakville buyers have more room to negotiate than buyers in Burlington or Milton, where the same month looks tighter.

Five-year fixed rates: advertised best rate vs. posted rate

Nesto (best insured rate, 25 Sept 2026); TRREB (posted rates, Sept 2026)

One online lender advertised a lowest insured 5-year fixed rate of 4.39% on 25 September (stress-test rate 6.39%). TRREB’s monthly report lists the posted 5-year rate at 6.09%.

Advertised best rates are not what every borrower gets. Your rate depends on your lender and profile.

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Summaries are independently written; sources are credited and linked where a link exists. Not financial, mortgage, tax or legal advice. Not intended to solicit buyers or sellers currently under contract with another brokerage. Yovan Gabric, REALTOR®, Royal LePage Pinnacle, Brokerage, independently owned and operated. E. & O.E.

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