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Toronto home sales post steepest decline since February on economic uncertainty
GTA REALTORS® reported 5,040 sales and 16,500 new listings, while the average price fell 5.1% as buyers stayed cautious, TRREB said.
- On Tuesday, the Toronto Regional Real Estate Board reported that Greater Toronto Area home sales declined 9% in September to 5,040 units compared to the same month last year.
- Economic uncertainty, inflation, and higher mortgage rates weighed on prospective buyers, marking the regional housing market's second straight month of decline.
- New listings dropped 14.4% year-over-year to 16,500, while the average selling price fell 5.1% to $1,006,409 and the composite benchmark price decreased 4.7% to C$924,600.
- Chief Information Officer Jason Mercer said households intend to purchase homes, noting "would-be homebuyers want to take advantage of today's more affordable housing market" while remaining confident about employment and borrowing costs.
- Bank of Canada Governor Tiff Macklem warned that policymakers are prepared to raise borrowing costs if inflation remains high, while TRREB President Daniel Steinfeld noted that municipal election policy decisions could influence future demand.
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14 Articles
14 Articles
Winnipeg Free Press+3 Reposted by 3 other sources
Greater Toronto home sales in September down from year ago, average price also lower
TORONTO - Home sales in the Greater Toronto Area in September were down nine per cent compared with a year ago as the average price also edged lower.
·Winnipeg, Canada
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St Catharines Standard+3 Reposted by 3 other sources
Economic Uncertainty Kept GTA Homebuyers on the Sidelines in September
TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales.
·Welland, Canada
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Coverage Details
Total News Sources14
Leaning Left6Leaning Right1Center4Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 36%
Factuality
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