Greater Toronto Area home sales down nearly 8% in October: real estate board
By Sammy Hudes
The Toronto Regional Real Estate Board said 5,603 homes changed hands last month, down 7.9% year-over-year, however sales rose 1.2% from September on a seasonally adjusted basis.
The average selling price was $1,024,108, down 2.7% year-over-year, while the composite benchmark price, meant to represent the typical home, was down 4.3%.
There were 14,173 new listings on the market in October, down 11.9% from last year.
Active listings fell 10% from October 2025, as total inventory across the GTA stood at 25,098 homes for sale.
“If a Canada-U.S. trade deal is reached, GTA residents could gain a clearer picture of the economic outlook,” TRREB president Daniel Steinfeld in a news release.
“Combined with a resolution to the conflict in the Middle East, this could help ease concerns about inflation and economic uncertainty, strengthen consumer confidence and renew interest in home ownership as we move into 2027.”
Within the City of Toronto, TRREB said there were 2,184 sales last month, down 6.3% from October 2025. Across the rest of the GTA, home sales decreased 8.9% to 3,419.
All housing types saw lower sales year-over-year, led by an 11% decline in townhouse sales, followed by a 10.4% decrease in condo sales.
There were 8.1% fewer semi-detached houses sold last month compared with a year ago, while the detached market saw a 4.4% drop.
“GTA homebuyers continued to benefit from substantial negotiating power on price over the past year,” said TRREB chief information officer Jason Mercer.
“While borrowing costs have increased on the back of higher inflation, the impact on monthly mortgage payments has been mitigated by lower selling prices, helping keep affordability in check.”
Visited 82 times, 82 visit(s) today
Daniel Steinfeld Dashboard home prices The Canadian Press toronto toronto home sales toronto house prices Toronto housing market toronto real estate market toronto regional real estate board TRREB
Last modified: November 4, 2026
