Market data · October 6, 2026

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

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%).

Aerial view of Oakville’s harbour, downtown and the Lake Ontario shoreline

Photo: Canmenwalker, CC BY 4.0, via Wikimedia Commons. Illustrative: it does not show the property or event described.

Source: TRREB Market Watch, September 2026 ↗

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

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Oakville Town Square with its street clock, flags and brick buildings on a sunny day

Rates & policy · October 22, 2026Bank of Canada increasingly expected to raise interest rates this monthCBC reports that markets now price a quarter-point Bank of Canada hike on 28 October as likely, and that several major bank economists have moved from expecting a hold to expecting a hike. It pairs that with weak buyer demand: CREA has cut its 2026 sales forecast again, and an analyst quoted calls national sales volume a 25-year low.CBC News

Stacked townhouses in northwest Oakville

Pre-construction · October 16, 2026CMHC releases September housing startsCMHC says it will publish September starts on 16 October at 8:15 a.m. ET. August’s annualized pace was 229,046 units, barely changed from 229,360 in July, and CMHC expects the trend to keep drifting down toward year-end. Starts are the early signal for how many new homes reach the market in two to four years.CMHC (release schedule stated in its August 2026 release)

The lighthouse-style building at Bronte Harbour, Oakville, with boats behind it

Market data · October 16, 2026CREA quarterly forecast updateCREA’s quarterly forecast update is listed for Friday 16 October. Last year the national September sales figures came out in mid-October alongside it, so they may arrive together.CREA

Summaries are independently written; the source is 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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GTA home sales fall 9% in September as buyers hold back

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