11.11.2026 | Market Report
Real Estate Market Report: October 2026
October 2026 Market Update
October brought some good news for our local market. After a cautious stretch, we’re starting to see momentum build. Across the GTA, both sales and prices edged up from September once you adjust for the usual seasonal ups and downs. That’s the first time in a while we’ve seen that, and it’s a sign buyers are starting to step back in.
If you’re buying, this is a great time to be in the market. TRREB points out that buyers have had real negotiating power over the past year. Lower prices have helped balance out higher rates, so monthly payments are still well below what families were facing in 2023 and 2024. Homes are taking about seven weeks to sell, so there’s time to find the right fit without the pressure of a bidding war.
If you’re selling, there are fewer homes on the market than this time last year in all four of our cities. That means less competition, and a well-prepared, well-priced home really stands out. We’re seeing that with our own clients.
Looking ahead, I’m optimistic about where things are heading. With the U.S. midterm elections now behind us, there’s a real chance for progress on a Canada–U.S. trade deal. As TRREB noted this month, a deal would give everyone a clearer picture of the economy, and clarity is exactly what so many buyers have been waiting for. There are a lot of families in the GTA who fully plan to make a move, and as that uncertainty lifts, I expect many of them to come off the sidelines. The buyers and sellers who plan ahead now will be in the best position when that happens.
My advice hasn’t changed: time your life, not the market. If your family has outgrown your home, or you’ve been thinking about downsizing, the right time is when the move makes sense for you, with a clear plan behind it. And you don’t have to figure out whether to buy or sell first on your own.
If you’ve been wondering what your next move could look like, I’d love to sit down over a coffee and map it out, with no pressure.
— David
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