Fewer homes sold, fewer were listed, and prices were lower than a year ago. How much lower depends on where you live and what kind of home you own.
Every month the Toronto Regional Real Estate Board (TRREB) publishes a few headline numbers, and every month they get read as one story about one market. Toronto is 35 districts and five kinds of home, and in October they did not move together. This post walks through what the numbers say, how to read them, and how to look up your own district.
Toronto housing market at a glance, October 2026
Homes sold in the GTA: 5,603, down 7.9% from October 2025
New listings in the GTA: 14,173, down 11.9%
Average price in the GTA: $1,024,108, down 2.7%
Benchmark price in the City of Toronto: $908,800, down 3.6%
All changes compare October 2026 with October 2025.
The short version
Sales across the Greater Toronto Area were down 7.9% from last October. New listings fell faster, down 11.9%, and that was the tenth month in a row with fewer new listings than the year before. At the end of the month there were 25,098 homes for sale across the GTA, 10% fewer than a year earlier.
So there were fewer buyers and fewer sellers at the same time. When both sides pull back together, prices tend to drift instead of drop, and that is what October showed. The GTA average price was 2.7% lower than a year earlier. TRREB's benchmark price, which is the better measure, was 4.3% lower across the GTA and 3.6% lower in the City of Toronto.
Average price vs benchmark price: why they disagree
Most headlines quote the average price. It is simple to calculate: add up every sale and divide. The problem is that it changes when the mix of homes changes. If more large houses sell this month than last, the average goes up even if no individual home is worth a dollar more.
The benchmark price fixes that. TRREB defines a typical home for each area and home type, then tracks what that same home would sell for each month. It answers the question most owners are really asking: what happened to the value of a home like mine?
October gave a clear example. In the City of Toronto, the average townhouse price was 4.2% higher than a year earlier. The townhouse benchmark was 6.9% lower. Both are correct. The townhouses that sold in October were a more expensive group than the ones that sold last October, so the average rose while the typical townhouse lost value.
Here is how the two measures compared for each home type in the City of Toronto, against October 2025:
Detached: average price down 1.2%, benchmark down 3.82%
Semi-detached and attached: average price up 0.5%, benchmark down 4.08%
Townhouse: average price up 4.2%, benchmark down 6.94%
Condo apartment: average price down 5.6%, benchmark down 6.97%
For the rest of this post we use the benchmark wherever we can. When you see a price change quoted anywhere, it is worth checking which of the two it is.
Find your Toronto district
TRREB divides the City of Toronto into 35 districts: ten in the west (W), fourteen in the centre (C) and eleven in the east (E). In October the benchmark price rose in four of them and fell in the other 31. Pick your district from the list or tap it on the map.
A blank home type means TRREB did not publish a benchmark for that type in that district. Neighbourhood names are a short guide to each district, not its full list of communities. Source: TRREB MLS Home Price Index, October 2026.
How to read your district
Start with the line for your own home type. The district figure blends every type together, and the blend does not always sit between its parts. C10, around Mount Pleasant, is the example this month: the district figure rose 3.18%, yet detached homes, attached homes, townhouses and condo apartments there were each slightly lower than a year ago. If you own a condo in C10, the condo line is your number.
Then look at the pattern across the city. Prices held up best in midtown and along the western lakeshore. The east end was weakest, with six of the eight Scarborough districts down more than 7%. Condo apartments fell further than houses in most districts.
A district is still a large area. Two streets in the same district can behave differently, and one month of data in a small district can be jumpy. Treat this as a starting point and look at recent sales near you before making a decision.
Want the numbers for your neighbourhood? Send us a message with your neighbourhood and we will send your district's benchmark price, how it moved this year and how it compares with the city.
How much choice do Toronto buyers have?
One of the most useful numbers each month is how many homes are for sale for every home that sells. A high number means buyers have options and time. A low number means sellers face less competition. Across the City of Toronto it was 4.4 in October, the same as a year earlier, but it varies a lot by type of home.
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.
Condo apartments had the most supply, with 5.5 for sale for every one that sold, and they took 36 days to sell on average. Semi-detached homes had the least, at 2.1, sold in 18 days, and went for 102% of the list price on average. That gap is why a condo buyer and a semi buyer can have very different experiences in the same month.
Toronto home prices over the last twelve months
One month never tells you much on its own, and Toronto's market is seasonal: fewer homes sell in winter, more in spring. That is why every comparison in this post is with the same month a year earlier, not with the month before.
The benchmark in the City of Toronto has been below the previous year's level for the whole period. The gap was widest in February, when prices were 8.1% lower than a year before, and it has narrowed since then to 3.6% in October. Prices are still lower than last year. They are lower by less than they were in the spring.
What this means if you are buying or selling
If you are buying
For condos, you have choice. Compare several buildings and units before you offer, and look at how long each has been listed.
For semis and freehold townhouses, expect less choice and faster sales. Have your financing and your limits settled before you start viewing.
Check the benchmark for the home type and district you are looking at, not the citywide average.
If you are selling
Price from recent sales of similar homes near you, not from headlines or from what a neighbour got two years ago.
Know your competition. In a condo building with several units for sale, presentation and price matter more.
Look at your home type's line in your district. It may be doing better or worse than the district overall.
None of this is a forecast. These figures describe what happened in October, and they can't tell you what next month will bring.
Get next month's numbers first
November's figures come out in early December. Join the Forest Hill Social Club below and you will get the district breakdown as soon as it is ready.
Sources: TRREB Market Watch, October 2026 and earlier months. TRREB MLSยฎ Home Price Index, October 2026. District boundaries are drawn from TRREB's district map. GTA figures cover all TRREB market areas. District and home-type figures cover the City of Toronto. Year-over-year changes use TRREB's reported figures.