GTA Real Estate Market October 2026: Prices & Sales

Greater Toronto Area | TRREB Market Watch | October 2026

GTA sales and prices edged up in October, but remained below last year

TRREB reported 5,603 home sales and an average selling price of $1,024,108. The monthly improvement does not erase the year-over-year declines.

By Derek Paquette, REALTOR® | DPRealty | eXp Realty

The Greater Toronto Area recorded 5,603 home sales in October 2026, according to the Toronto Regional Real Estate Board (TRREB). That was 7.9% fewer than in October 2025. New listings also declined year over year, while the average selling price was $1,024,108.

There was an important change from September. TRREB reported that sales, new listings, the average selling price and the MLS® Home Price Index Composite all moved higher month over month after seasonal adjustment.

That gives us two useful comparisons: October improved in some measures from September, but the GTA remained below last year's prices and sales. A buyer or seller still needs to look at the relevant municipality and property type before deciding what those figures mean for a particular home.

GTA housing market at a glance: October 2026

Residential sales 5,603

Down 7.9% from October 2025

Average selling price $1,024,108

Down 2.7% year over year

New listings 14,173

Down 11.9% year over year

MLS® HPI Composite −4.3%

Benchmark price change, year over year

Source: TRREB's official October 2026 Market Watch release, published November 4, 2026. These are GTA-wide figures, not statistics for the City of Toronto alone.

Sales fell, but fewer homes came up for sale too

TRREB recorded 5,603 sales in October, 7.9% below the same month last year. At the same time, the number of new listings fell by 11.9% to 14,173.

Those two figures should be read together. A slower sales market does not automatically mean more and more homes are coming onto the market. New supply was also lower than a year earlier, and by a larger percentage.

That does not tell us how much competition an individual listing faces. A condo in downtown Toronto, a detached home in Mississauga and a townhouse in Durham can have very different local competition. For a purchase or sale decision, I would want the actual comparable listings and recent sales, not just the regional totals.

Average price and the HPI were both below October 2025

The GTA's average selling price was $1,024,108 in October, down 2.7% from the previous October. The MLS® Home Price Index Composite benchmark was down 4.3% over the same period.

The figures measure different things. The average is calculated from the prices of homes that sold during the month. It can change when the mix of condos, townhouses and detached properties changes. The MLS® Home Price Index is designed to track price changes for a home with defined characteristics.

That is why I would not apply a 2.7% or 4.3% adjustment to an individual property's value. The right comparison is with relevant sales, current competition and the actual property's condition, location and features.

TRREB provides more detail on its MLS® Home Price Index and how it differs from average selling prices.

Why the October change from September needs care

TRREB reported that sales and new listings rose month over month on a seasonally adjusted basis. Its seasonally adjusted average price and MLS® HPI Composite also edged higher.

Seasonal adjustment matters because real-estate activity normally changes through the year. Comparing a raw October total with a raw September total is a different calculation from comparing the adjusted series. One positive adjusted month is useful information, but it does not prove that a sustained recovery has begun.

A note about historical comparisons: TRREB says its historical MLS® data have been revised as more PropTx member boards joined the system. Figures copied from older static Market Watch reports may not match the revised historical series. This article uses TRREB's current October release for its published year-over-year percentages and its own seasonally adjusted month-over-month interpretation.

The September 2026 GTA Market Watch remains available as a dated historical report, rather than being overwritten with revised October information.

The GTA average is not the City of Toronto average

Market Watch covers the Greater Toronto Area. That includes the City of Toronto and surrounding markets. A figure for the full GTA should not be relabelled as a Toronto-only price or applied to every municipality.

City of Toronto (416)

Look at the relevant district and property type. Condo apartments, semis and detached homes do not have the same buyer pool or price patterns.

Surrounding municipalities (905)

Neighbouring markets also vary widely. A townhouse in Oakville cannot be valued from a regional average that also includes condos and detached homes elsewhere.

The same distinction applies within a single municipality. If two listings differ in condition, ownership type, layout or location, their asking prices may not be directly comparable even when they are close together.

What October means for GTA buyers

TRREB described buyers as having substantial negotiating power over the past year. That is its interpretation of the wider market. It does not establish the amount a particular seller will negotiate on a specific home.

Before making an offer, compare recent sales of similar properties, current competing listings, time on market, any price changes and the condition of the home. Keep financing and full ownership costs separate from the asking price. The October average alone cannot tell you what you should offer.

What October means for GTA sellers

There were fewer transactions than a year ago, and the average selling price was lower. That makes relevant current evidence important before setting a listing price. A seller should look at the homes buyers will actually compare with theirs, including properties still on the market.

Fewer new listings may reduce competition in some segments, but that does not guarantee a faster sale or stronger offers. Pricing, condition, presentation and local alternatives still influence what happens to an individual listing.

Does October signal a GTA market turnaround?

Not by itself. The October release contains a modestly stronger seasonally adjusted monthly picture alongside weaker year-over-year sales and prices. Both can be true.

TRREB pointed to inflation, borrowing costs and wider economic uncertainty as factors affecting decisions. Those concerns may help explain market behaviour, but the release is not a reliable forecast of mortgage rates, home prices or how quickly a particular property will sell.

The useful next step is to keep watching comparable monthly reports while assessing the property and local market that matter to you now.

GTA real estate market questions: October 2026

How many homes sold in the GTA in October 2026?

TRREB reported 5,603 sales through its MLS® System, 7.9% fewer than in October 2025.

What was the average GTA home price in October?

The average selling price was $1,024,108, down 2.7% year over year. That is a GTA-wide average of completed sales, not the price of a typical house in every municipality.

Did GTA prices rise or fall in October?

They were lower than in October 2025. TRREB also reported that both the average selling price and MLS® HPI Composite edged up from September on a seasonally adjusted basis. The comparison period makes the difference.

Are the GTA and Toronto real estate markets the same thing?

No. The GTA reporting area includes the City of Toronto and surrounding markets. A city, neighbourhood and property-type comparison is needed for a more specific conclusion.

Official sources and reporting scope

TRREB: October 2026 GTA Market Watch release, published November 4, 2026.
TRREB Market Watch and historical-series revisions.
TRREB: MLS® Home Price Index explanation.

Geography: Greater Toronto Area as defined by TRREB, not only the City of Toronto and not Hamilton. Reporting period: October 2026. Sales are TRREB MLS® transactions, new listings are properties entering that system during the month, average price is an arithmetic mean and the MLS® HPI Composite is a separate benchmark-price measure. Year-over-year changes are TRREB's reported figures; month-over-month direction refers specifically to TRREB's seasonally adjusted data.

Market data do not establish the value or expected sale price of any individual home. Research checked November 5, 2026. This article is general real-estate information, not legal, tax, mortgage or individual financial advice.

Have a specific GTA property in mind?

Send me the property address and the decision you're trying to make. We can look at the relevant sales, current competition and questions that need to be checked instead of relying on the regional average alone.

Ask Derek about the property