In October there were 4.4 homes for sale in the City of Toronto for every home that sold. For condo apartments the number was 5.5. For semi-detached homes it was 2.1.
We call this number homes for sale per sale. It is the number of homes listed for sale at the end of the month, divided by the number of homes that sold that month. A higher number means buyers have more to choose from. A lower number means sellers face less competition.
Source: TRREB Market Watch, October 2026 and October 2025. Figures cover the City of Toronto.
How many Toronto homes were for sale for each home that sold?
At the end of October, 9,526 homes were for sale in the City of Toronto, and 2,184 sold during the month. That is 4.4 homes for sale per sale, the same as in October 2025. The citywide figure hides a wide gap between home types.
How did that number differ by home type in October 2026?
The filled square is one home sold. Each open square is one home for sale at the end of the month. Sale price is shown as a share of the list price, on average. Source: TRREB Market Watch, October 2026.
City of Toronto, October 2026:
| Home type | For sale | Sold | Homes for sale per sale | October 2025 | Days on market | Sale price as % of list price |
|---|---|---|---|---|---|---|
| Condo apartment | 5,251 | 949 | 5.5 | 5.4 | 36 | 97% |
| Condo townhouse | 689 | 137 | 5.0 | 4.5 | 40 | 97% |
| Detached | 2,708 | 741 | 3.7 | 3.9 | 24 | 97% |
| Freehold townhouse | 251 | 80 | 3.1 | 3.5 | 23 | 100% |
| Semi-detached | 546 | 266 | 2.1 | 2.2 | 18 | 102% |
The shaded row is the home type picked above. All figures are from the Toronto Regional Real Estate Board (TRREB). Days on market and sale price as a share of list price are averages.
Semis sold above the list price, and condos took twice as long
Buyers of semi-detached homes had the least to choose from, with 2.1 homes for sale per sale. Semis sold in 18 days at 102% of the list price. A sale above the list price happens when more than one buyer wants the same home, so anyone shopping for a semi should expect competition.
Condo apartment buyers were in the opposite position. They had 5.5 homes for sale per sale, and the condos that sold took 36 days and went for 97% of the list price. A condo buyer could compare several units and negotiate.
Freehold townhouses moved toward the semi end of the range. Their homes for sale per sale fell from 3.5 to 3.1 in a year, and they sold at the list price in 23 days. Condo townhouses moved the other way, from 4.5 to 5.0, and were the slowest to sell at 40 days. Detached homes sat between the two groups at 3.7.
Is Toronto a buyer's market?
The October figures do not give one answer for the whole city. The citywide number was 4.4 homes for sale per sale, the same as a year earlier, and it hides a wide gap between home types. Condo apartments had 5.5 homes for sale per sale, took 36 days to sell and sold at 97% of the list price. Semi-detached homes had 2.1, took 18 days and sold at 102%. The answer for one home depends on its type and its neighbourhood.
Why compare October with October?
Homes for sale per sale jumps every January, when few homes sell. A change from one month to the next often reflects the season. Comparing each month with the same month a year earlier removes that effect. For prices over the same year, see Toronto house prices over the last 12 months.
These are averages, and your home is one home
These figures are averages across the whole city. They include outliers, such as a home that sat unsold for six months or one that drew ten offers. They do not take your specific property into account, or what your neighbours' homes sold for. The best way to get an accurate price is to talk to an agent who understands the market and your specific neighbourhood, and who can prepare a detailed comparative market analysis (CMA). Our post on the average price and the benchmark price explains how outliers move an average.
If you plan to buy
- If you want a condo, you have choice. Compare buildings and units, and check how long each unit has been listed.
- If you want a semi or a freehold townhouse, fewer homes are for sale and they sell in about three weeks. Arrange your financing before you start viewing.
- Before you offer, ask your agent for the recent comparable sales on that street or in that building.
If you plan to sell
- If you are selling a condo, count the units for sale in your building, because buyers will compare yours with each of them.
- If you are selling a semi or a freehold townhouse, you face fewer competing listings. In October, semis sold in 18 days at 102% of the list price, and freehold townhouses in 23 days at the list price.
- In both cases, set your price from a CMA. The citywide figures tell you how much competition to expect.
Everything here reports what happened in October. The October market post has prices and sales for all 35 Toronto districts.
Questions and answers
What is the current state of the housing market in Toronto?
In October 2026 there were 4.4 homes for sale in the City of Toronto for every home that sold, the same as in October 2025. At the end of the month, 9,526 homes were listed and 2,184 sold.
Is Toronto a buyer's market?
The citywide figure was 4.4 homes for sale per sale, and the gap between home types was wide. Condo apartments had 5.5 homes for sale per sale, 36 days on market, and a 97% sale-to-list ratio. Semi-detached homes had 2.1, 18 days on market, and a 102% sale-to-list ratio.
How many days are Toronto homes on the market?
In October 2026, average days on market were 18 for semis, 23 for freehold townhouses, 24 for detached homes, 36 for condo apartments, and 40 for condo townhouses.
Did Toronto homes sell over the list price?
Semi-detached homes sold at 102% of list price, freehold townhouses at 100%, and detached homes, condo apartments and condo townhouses at 97%. These are averages from TRREB for the City of Toronto in October 2026.
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Source: TRREB Market Watch, October 2026 and October 2025. Figures cover the City of Toronto. Prepared by Forest Hill Real Estate Inc., Brokerage.