GTA home sales in September tracked at a brisk pace, home transactions were up by 8.5 per cent compared to the same month last year, and up two per cent from August on a seasonally adjusted basis.
Lower interest rates and improved affordability are bringing more buyers back to the market. The Bank of Canada's rate cuts throughout 2025 have made a meaningful difference in monthly mortgage payments.
New listings also increased, giving buyers more options. However, with sales outpacing new listings, market conditions are gradually tightening in some segments.
Average prices remained relatively stable, with modest year-over-year declines in most categories. This stability, combined with lower rates, has improved affordability compared to the same period last year.
Market observers expect activity to continue building through the fall, setting the stage for a potentially busier spring market in 2026.