What the market is doing — and what it means for you.
Each month we break down the latest Toronto Regional Real Estate Board numbers in plain language.
What's happening in the market right now
Source: Toronto Regional Real Estate Board (TRREB) Market Watch, September 2026.
Average price by home type
| Home type | Sales | Average price |
|---|---|---|
| Detached | 2,399 | $1,292,016 |
| Semi-detached | 459 | $1,015,202 |
| Townhouse | 803 | $820,637 |
| Condo apartment | 1,316 | $605,257 |
Our local markets
| Area | Sales | Average price |
|---|---|---|
| Peel Region | 936 | $906,719 |
| Mississauga | 468 | $929,600 |
| Brampton | 404 | $854,322 |
All figures: TRREB Market Watch, September 2026. MLS® Home Price Index composite benchmark: -4.7% year over year. New listings: 16,500 (-14.4%).
What it means for buyers
Prices are lower than a year ago, and homes are taking a little longer to sell. That gives buyers more time to decide and more room to negotiate on price and conditions, like a home inspection. Getting pre-approved now puts you in the best position.
What it means for sellers
Fewer homes are selling, so pricing right from day one matters more than ever. Homes that are well presented and priced to the current market still sell — overpriced homes sit. A local agent's evaluation is worth more than any online estimate right now.
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