GTA at a glance
Also this month: MLS® HPI Composite benchmark down 4.7% year over year · median price $860,000 · average sale at 98% of asking · 51 total days from first listing to sale · TRREB trend: 4.6 months of inventory and a 37.8% sales to new listings ratio.
📈 GTA average price, month by month
Two different markets under one average
The GTA headline blends a $520,000 median condo apartment with a $1.1M median detached house. Split them apart and September looks very different: freehold homes are close to balanced, while condos are firmly in buyer territory.
🏠 Freehold
- Sales
- 3,306
- New listings
- 10,540
- Active listings
- 15,555
- Months of inventory
- 4.7
- Share of new listings that sold
- 31%
- Sale to list price
- 97% to 102%
🏢 Condo
- Sales
- 1,671
- New listings
- 5,801
- Active listings
- 10,323
- Months of inventory
- 6.2
- Share of new listings that sold
- 29%
- Sale to list price
- 97% to 98%
⚖️ Months of inventory by home type
| Home type | Sales | Avg price | Median | New listings | Active | Sale / list | Listing days |
|---|---|---|---|---|---|---|---|
| Freehold | |||||||
| Detached | 2,399 | $1,292,016 | $1,100,000 | 8,045 | 12,321 | 97% | 31 |
| Semi Detached | 459 | $1,015,202 | $900,000 | 1,144 | 1,380 | 102% | 25 |
| Freehold Townhouse | 448 | $907,849 | $837,000 | 1,351 | 1,854 | 100% | 30 |
| Condo | |||||||
| Condo Townhouse | 355 | $710,579 | $659,000 | 1,278 | 2,097 | 98% | 40 |
| Condo Apartment | 1,316 | $605,257 | $520,000 | 4,523 | 8,226 | 97% | 42 |
📍 City versus suburbs: price change by home type
| Home type | 416 avg price | 416 sales | 905 avg price | 905 sales | GTA sales change |
|---|---|---|---|---|---|
| Detached | $1,562,966 | 640 | $1,193,432 | 1,759 | −8.7% |
| Semi Detached | $1,207,884 | 211 | $851,266 | 248 | −8.2% |
| Townhouse | $922,445 | 189 | $789,299 | 614 | −12.8% |
| Condo Apartment | $640,248 | 884 | $533,654 | 432 | −7.8% |
What the split means for you
Condo buyers: You have the most leverage in the GTA right now, especially in the 905. Over six months of supply means time to compare buildings, check the reserve fund, and negotiate.
Freehold buyers: Do not assume the GTA average applies to you. Semis and freehold towns are selling at or above asking. Know which segment you are shopping in before you write an offer.
Moving up from a condo: Your condo has fallen further than the house you want. Sell and buy in the same market window so the discount on the purchase offsets some of the discount on the sale.
Look up your area
All home types combined, September 2026. Months of inventory and the sales to new listings ratio are TRREB’s smoothed trend figures, so they are steadier than a single month.
| Region | Sales | Avg price | Median | Months of inventory | Sale / list | Days on market |
|---|---|---|---|---|---|---|
| Durham Region | 552 | $828,141 | $770,000 | 3.5 | 98% | 48 |
| Halton Region | 502 | $1,139,025 | $982,500 | 4.2 | 96% | 53 |
| City of Toronto | 1,937 | $1,034,320 | $810,000 | 4.6 | 99% | 45 |
| Dufferin County | 33 | $746,322 | $740,000 | 4.6 | 97% | 51 |
| Peel Region | 936 | $906,719 | $855,000 | 4.9 | 97% | 55 |
| York Region | 893 | $1,136,650 | $1,043,000 | 5.0 | 97% | 56 |
| Simcoe County | 187 | $810,453 | $762,500 | 5.8 | 97% | 63 |
| All TRREB areas | 5,040 | $1,006,409 | $860,000 | 4.6 | 98% | 51 |
Borrowing costs right now
As of October 6, 2026Rates as of early October 2026: Bank of Canada policy rate (held September 2), five year Government of Canada bond yield as of October 2, and the best available five year fixed on Ratehub on October 6. A guide only; your actual rate depends on your file. Ask us for a broker introduction.
Recent monthly recaps
A quick scan of the last few months. For the full story behind each month, see the corresponding newsletter.
September 2026 Numbers Recap
Sales down 9.0% year over year, new listings down 14.4% but back up from August, average price $1,006,409. Sellers returned for the fall; buyers stayed in a holding pattern.
August 2026 Numbers Recap
Sales down 2.1% year over year, new listings down 14.1%, active listings down 11.3%, average price $993,410. Choice is thinning faster than price is falling.
July 2026 Numbers Recap
Sales down 0.9% year over year, new listings down 17.8%, average price $1,003,956. The market tightened because sellers pulled back, not because buyers rushed in.
June 2026 Numbers Recap
Sales up 9.4% year over year, new listings down 12.9%, average price $1,058,658. TRREB calls 2026 a year of two halves with a stronger finish expected.
February 2026 Numbers Recap
GTA average price $1.01M, sales down 4%, listings down 11% year over year. Market leaned balanced to buyer friendly. Plus spring maintenance tips.
January 2026 Numbers Recap
Sales down roughly 20% year over year as buyers waited for rate clarity. Featured listing: 4326 Waterford Cres, Mississauga.
2025 Year in Review
Approximately 62,000 GTA transactions in 2025, roughly 34% below the long run normal of 93,000. Plus welcome to Ghada Farah on the team.
Sources: TRREB Market Watch, September 2026, news release dated October 6, 2026 (sales, new listings, active listings, average price, median price, MLS® HPI, days on market, regional and property type breakdown, smoothed trend sales to new listings ratio and months of inventory). Monthly months of inventory is calculated from active listings divided by September sales. Bank of Canada policy interest rate announcement, September 2, 2026. Five year Government of Canada bond yield movement as reported by Money.ca, October 2026. All figures are for all TRREB areas and all home types combined unless noted.
What the numbers actually mean
Every month we publish a short plain language piece explaining what moved, what did not, and what it means for your decision.
The Sellers Came Back in September. The Buyers Are Still Waiting.
New listings rebounded while sales stayed flat, and the reason is rates, not prices. What the holding pattern means for your next move.
Price Is Not the Scarce Thing Anymore. Choice Is.
Three straight months of falling listings have quietly changed what buyers are actually negotiating over. Here is how to read it before the fall market.
The GTA Market Got Tighter in July. Sellers Made It Happen.
New listings fell 17.8% while sales held flat, the strongest tightening signal of the year. Here is what that does to your negotiating position.
A Year of Two Halves: What June's Numbers Tell Us About the Rest of 2026
Where the first half of the year landed, and the three things that decide how the second half plays out.