The average home in the Greater Toronto Area sold for $1,024,108 in October 2026, down 2.7% from a year ago, as per the latest market reports.

Fewer homes sold, fewer homes were listed, and buyers kept their negotiating power. Here's what the October numbers mean for you, whether you're buying, selling or just keeping an eye on your home's value.

October 2026 GTA Market at a Glance

Homes sold: 5,603, down 7.9% from October 2025
New listings: 14,173, down 11.9%
Active listings: 25,098, down 10%
Average selling price: $1,024,108, down 2.7%
Benchmark home price: down 4.3%
Average days on market: 49
Average sale price vs. list price: 97%

The headline here is that new listings fell faster than sales. Sellers are pulling back more than buyers are.

GTA  Average Home Prices by Property Type

Detached: $1,310,627 (down 3.2%)
Semi-detached: $1,024,907 (down 0.8%)
Townhouse: $804,416 (down 5.0%)
Condo apartment: $621,400 (down 5.8%)

Condos and townhouses saw the biggest price drops, which opens the door for first-time buyers and anyone looking to move up from renting.

Peel Region and Brampton Market Update

Peel Region recorded 1,017 sales in October, with an average price of $898,431.
Brampton recorded 435 sales, with an average price of $825,183.

For families shopping in Peel, that means more home for the money than in many other parts of the GTA.

What October's Numbers Mean for Buyers

Interest rates went up a quarter point in late October, the first increase in over three years. But lower selling prices have helped soften the impact on monthly payments.

With fewer buyers in the market heading into winter, you have real room to negotiate on price, closing date and conditions. Homes are taking about 49 days to sell on average, so you have time to make a smart decision instead of a rushed one.

My advice: get pre-approved first, know your must-haves, and be ready to move when the right home comes along.

What October's Numbers Mean for Homeowners and Sellers

New listings dropped almost 12% from last year. That means a well-priced, well-presented home faces less competition right now.

Homes are selling for about 97% of their asking price on average. Pricing it right from day one is what separates homes that sell from homes that sit.

The Bigger Picture for the GTA Housing Market

Compared to September, sales, new listings and prices all edged up. And the GTA's population continues to grow, which supports long-term demand for homes across the region.

Markets like this reward people who plan. Buying and selling is strategy, not guesswork.

Thinking About Buying or Selling in the GTA?

Whether you're ready to make a move or just want to know what your home is worth today, I'd love to help. Call me at 416-568-5548 or visit www.riabharti.com