Greater Toronto Area Home Sales Down Nearly 8% in October: Real Estate Board
- In October, GTA home sales fell 7.9 per cent from a year earlier, with 5,603 homes changing hands, according to The Toronto Regional Real Estate Board.
- Potential buyers remained on the sidelines due to uncertainty regarding inflation, borrowing costs, and the economy; TRREB president Daniel Steinfeld noted residents were also monitoring trade negotiations and Middle East conflict.
- The benchmark home price declined 4.3 per cent to $916,400, while active listings fell 10 per cent to 25,098 and new listings decreased 11.9 per cent to 14,173.
- York Region experienced the steepest annual benchmark price decline at 6.8 per cent to $1,071,700, while condos fell 7.3 per cent to $521,600 and Durham dropped 5.1 per cent to $798,100.
- Despite these trends, TRREB Chief Information Officer Jason Mercer stated homebuyers continued to benefit from substantial negotiating power on price over the past year, with the region maintaining 4.6 months of inventory.
15 Articles
15 Articles
GTA home sales drop about 8% in October as buyers hesitate due to economic uncertainty: real estate board
Home sales in the Greater Toronto Area were down in October compared with a year ago as the city's real estate board says uncertainty around inflation, borrowing costs and the economy kept many potential buyers on the sidelines.
Toronto home sales rise for first time in three months in October
Winnipeg Free Press
Greater Toronto Area home sales down nearly 8% in October: real estate board
TORONTO - Home sales in the Greater Toronto Area were down in October compared with a year ago as the city's real estate board says uncertainty around inflation, borrowing costs and the economy kept many potential buyers on the sidelines.
Inflation and Borrowing Costs Impacted October GTA Real Estate Market
TORONTO, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Uncertainty around inflation, borrowing costs and the economy kept many Greater Toronto Area (GTA) homebuyers on the sidelines in October. While monthly mortgage payments for an average priced home have edged up compared…
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