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Home sales across the Greater Toronto Area (GTA) are down 7.9% year-over-year in October 2026 with 5,603 homes sold, while new listings amounted to 14,173, down 11.9% from last year. Meanwhile, benchmark was down 4.3% compared to October 2025, and the average selling price sat at $1,024,108 (down 2.7%). On a seasonally adjusted basis, both home sales and average selling prices edged up compared to September 2026.
Uncertainty around inflation, borrowing costs, and the economy kept many buyers sidelined in October. However, monthly mortgage payments for an average-priced home remain much more affordable than required payments in 2023 and 2024.
Whether you are buying, selling, or just keeping an eye on the market, we are here to help you make the most out of these trends!
Thinking Of Buying Or Selling? Lina & Team provides clear, data-driven guidance to help you navigate today’s market with confidence.
2026 Market Snapshot
Ownership housing in the GTA has remained relatively affordable over the past year, with average prices dipping and mortgage rates remaining somewhat flat. Recent news on the overall economy and job creation has been positive.
