Is the GTA Housing Market Finally Cooling Down?

The January 2026 statistics from the Toronto Regional Real Estate Board (TRREB) have been released, and they paint a picture of a market in transition. After years of frenetic activity, we are seeing a notable adjustment in both pricing and sales volume.

Key Market Statistics for January 2026
According to the latest Market Watch report, the average selling price in the GTA has dipped to $973,289, a 6.5% decrease compared to January 2025.

Sales volume has also seen a significant drop, with 3,082 home sales reported—down 19.3% year-over-year. However, the market isn't stalling completely; it's stabilizing. Active listings have risen to 17,975, providing a nearly 5% increase in inventory compared to this time last year.

Breakdown by Property Type
Different segments of the market are reacting differently to the current economic climate:

Detached Homes: The average price is now $1,277,915, down 7.22% year-over-year. Buyers in this segment are seeing better value than they have in a long time.

Condo Apartments: This sector saw a sharper correction, with the average price falling 9.83% to $604,759. For first-time buyers, this price point offers a crucial window of opportunity.

Townhouses: Townhomes remain a popular middle ground, though prices have also adjusted downward to $914,738 for freehold units.

Economic Context: Interest Rates and Employment
The cooling market is heavily influenced by the broader economic picture. As of January 2026, the Bank of Canada Overnight Rate sits at 2.3%, with the Prime Rate at 4.5%. While these rates are lower than the peaks of previous years, the unemployment rate in Toronto has ticked up to 8.1%, which may be causing some buyer hesitation.

What This Means for You

For Buyers: "Patience" is no longer just a virtue; it's a strategy. With inventory up and prices softening, you have the leverage to negotiate conditions and prices that weren't possible previously.

For Sellers: Pricing strategy is everything. You cannot price based on 2024 or 2025 comparables. To sell in this market, your home must be priced competitively against the nearly 18,000 other active listings.

Are you ready to navigate the 2026 market? Contact Me today for a personalized home evaluation.

The Greater Toronto Area (GTA) real estate market is currently telling two different stories. On one hand, sales volume has cooled significantly. On the other, economic indicators suggest a rebound is on the horizon. As we look at the statistics from the Toronto Regional Real Estate Board (TRREB) for November 2025, here is what you need to know.

The Numbers at a Glance The market has shifted firmly into territory that favors patient buyers.

• Average Selling Price: $1,039,458 (Down 6.4% year-over-year).

• Total Sales: 5,010 (Down 15.8% year-over-year).

• Active Inventory: 24,549 listings (Up 16.8%).

What This Means for Sellers With inventory spiking to over 24,000 active listings, buyers have more choice than they have had in years. The average detached home is taking about 34 days to sell. In this environment, strategic pricing and marketing are not optional—they are essential. As your Point Man in Real Estate, I ensure your property cuts through the noise of a crowded market.

The Opportunity for Buyers While sales are down, the underlying economy is resilient. Employment and economic growth reports for November were stronger than expected. This suggests that the current "wait and see" approach many buyers are taking may be short-lived.

If this positive economic momentum continues, consumer confidence is expected to strengthen heading into 2026. Buying now means taking advantage of the 6.4% price dip before the competition returns.

The Bottom Line Whether you are looking to acquire an investment property at a discount or sell your home in a high-inventory market, you need a plan.

Contact Sam Chaim today at (416) 543-7252. Let’s start Making A Difference For You.

The housing market in Markham, part of York Region South, displayed a dynamic performance in October 2025, offering distinct trends compared to the overall sluggish activity seen across the Greater Toronto Area (GTA). While the GTA generally saw home sales decline year-over-year (Y/Y) and prices drop, Markham showed specific segments retaining significant strength.

The Markham Composite Picture

Markham recorded 281 sales in October 2025, contributing to a total sales dollar volume of $345,864,183.

The overall average price for all home types in Markham reached $1,230,833. Compared to the broader GTA average price of $1,054,372, Markham maintains a premium market value.

The longer-term market health, as measured by the MLS® Home Price Index (HPI) Composite benchmark for Markham, showed a moderate year-over-year decline of -3.05%. This decline is less pronounced than the GTA composite HPI decline of 5.0% Y/Y.

Strong Momentum for Sellers

For homeowners in Markham, the market showed strength in specific property categories, particularly those seeking faster sales and better pricing in the short term:

• Detached Homes Surge: This key segment showed powerful month-over-month (M/M) growth, rising by +4.82% to an average price of $1,619,141. Despite a Y/Y drop of -3.05%, this significant monthly increase suggests renewed buyer interest or tighter supply compared to September. Detached homes sold quickly, averaging only 29 days on the market (LDOM). There were 121 detached homes sold in October.

• Condo Apartments Stabilize and Grow: Condo Apartments were the only segment in Markham to register a positive year-over-year price change, rising +1.21% to an average of $703,423. They also saw strong short-term growth, with a month-over-month price increase of +4.50%. 57 condo apartments were sold during the month.

• Att/Row/Townhouses Remain Agile: These property types showed positive M/M growth, increasing by +1.64% to an average price of $1,132,440. They moved the fastest among all categories, with an average LDOM of just 23 days. 51 Att/Row/Townhouses were sold.

Opportunities for Buyers

While the overall environment in the GTA favors homebuyers due to lower mortgage rates and falling selling prices, Markham buyers can find particular value and negotiating power in specific slower-moving segments:

• Semi-Detached Price Correction: Buyers looking for more space at a lower cost found value here, as Semi-Detached homes experienced a substantial Y/Y price drop of -7.00%, settling at an average of $1,135,978. Additionally, prices dropped M/M by -3.34%. These properties averaged 26 days on the market.

• Condo Townhouses Offer Negotiation Room: Condo Townhouses saw the largest short-term average price decline in Markham, dropping -6.69% month-over-month to an average price of $866,206. These units typically spent 47 days on the market (LDOM), tied with Condo Apartments for the longest duration, suggesting potential opportunities for negotiation. 22 Condo Townhouses were sold in October.

A Balanced Market Environment

The broader GTA market conditions currently favor homebuyers. Despite this context, Markham's market segments are far from uniform. The strong M/M resurgence in detached homes and steady Y/Y growth in condo apartments contrast sharply with the price softening seen in semi-detached and condo townhouses.

Overall, the average number of days on the market (LDOM) for all home types in Markham was 33 days. For prospective buyers or sellers, understanding these nuances—which property types are accelerating versus those offering the best value—is crucial to navigating this complex and compartmentalized market.

Want to discuss how these Markham trends impact your specific neighbourhood?

Contact Sam Chaim for expert advice!

While the overall Greater Toronto Area (GTA) housing market faced headwinds in October 2025, Vaughan, located in York Region South, demonstrated significant price resilience and noteworthy month-over-month (M/M) strength, particularly in key intermediate housing segments.

The general market narrative for the GTA in October 2025 was defined by contraction. The overall average GTA sales price settled at $1,054,372, representing a year-over-year (Y/Y) decrease of 7.2 per cent. Total home sales across the TRREB MLS® System were down 9.5 per cent compared to October 2024. However, against this backdrop of declining prices and lower sales activity, Vaughan proved to be a vibrant corner of the region.

The overall average selling price for all home types in Vaughan was $1,214,375 in October 2025.

The Star Performer: Condo Townhouses Surge

The most compelling story in Vaughan's October 2025 market data comes from the Condo Townhouse segment.

This category was a major outlier, registering a spectacular month-over-month price increase of +10.47 per cent. The average price for a Condo Townhouse reached $833,035. This positive trend wasn't just short-term; the Condo Townhouse segment was one of the few housing types in Vaughan to achieve a year-over-year price appreciation of +4.95 per cent. Nine units were sold in this segment during the month.

Stability in High-Value and Streamlined Segments

Despite the overall GTA price decline, Vaughan’s higher-priced housing categories maintained strong footing in October 2025:

• Detached Homes: The Detached market remains Vaughan’s most valuable segment, with an average price of $1,596,815. Although facing Y/Y pressure (-9.30%), this segment experienced a positive M/M increase of +1.10 per cent. 152 detached homes were sold in October 2025.

• Attached/Row/Townhouses: This segment averaged $1,041,616 and enjoyed a respectable M/M price increase of +2.20 per cent. This segment also demonstrated the greatest market speed, with properties spending an average of only 26 days on market.

• Semi-Detached Homes: Averaging $1,072,822, this segment saw its price drop only slightly, by -1.76 per cent Y/Y.

Market Speed and Buyer Confidence

Vaughan’s market efficiency suggests active buyer engagement and realistic pricing among sellers. The average property days on market (PDOM) for all home types in Vaughan stood at 34 days. Specific segments moved quickly:

• Attached/Row/Townhouses: 26 days on market.

• Detached and Semi-Detached homes: 30 days on market.

Furthermore, the average selling price relative to the average listing price (Avg. SP/LP) for all home types in Vaughan was 97 per cent, indicating that properties sold close to their asking price, reflecting confidence in valuations.

Condo Apartment Correction

While many segments showed strength, the Condo Apartment market experienced a correction in Vaughan, mirroring broader trends reported across the GTA. The average price for Condo Apartments was $587,716, showing declines of -9.36 per cent M/M and -13.81 per cent Y/Y.

In total, 177 residential properties were sold in Vaughan in October 2025, reflecting sustained, though specific, demand in this key York Region market.

The October 2025 Toronto Regional Real Estate Board numbers highlight meaningful changes across the Greater Toronto Area housing market — changes that matter whether you’re considering selling, buying, or investing.

Average GTA Home Price: $1,054,372

The average selling price is showing a 7.2% year-over-year decline, while overall inventory has increased 17.2%. More supply and more negotiability mean buyers have regained leverage — but strategic sellers are still achieving strong results.

Detached Market

• Average Price: $1,355,506

• Time on Market: 29 days

• Active Listings: 12,879

Detached homes continue to lead the market, but success depends on competitive pricing and polished presentation.

Semi-Detached Market

• Average Price: $1,033,770

• Time on Market: 23 days

Semi-detached properties remain attractive to buyers seeking value while staying close to central neighbourhoods.

Townhomes & Condo Townhomes

• Townhome Average Price: $935,042

• Condo Townhome Average Price: $735,123

Townhomes and condo townhomes continue to be strong entry points for buyers and investors, benefiting from lower borrowing costs and improved affordability.

Condo Apartments

• Average Price: $660,208

• Time on Market: 39 days

Condos remain the most accessible segment and continue to draw investor attention.

What Sellers Need to Know

In a buyer-leaning market, pricing precision, professional marketing, and strong negotiation are essential. Well-prepared listings continue to perform — but strategy is everything.

What Buyers & Investors Should Watch

With lower monthly carrying costs, more inventory, and greater flexibility at the negotiation table, this market is creating opportunities not seen in recent years.

Whether you're planning to list your home, purchase, or explore investment opportunities, I’m here to help you make confident decisions.

To A Good Life,

Sam

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The Markham real estate market is seeing balanced momentum as lower borrowing costs from the Bank of Canada’s recent interest rate cut help re-energize buyer activity. Sales remain steady, but with more inventory available, sellers must be strategic to stand out.

Key Stats for Markham (September 2025):

• Detached Homes: $1,544,717 (-7.59% YoY) | Avg. 35 Days on Market

• Semi-Detached: $1,151,412 (-6.53% YoY) | Avg. 27 Days on Market

• Townhomes: $1,114,132 (-4.48% YoY) | Avg. 37 Days on Market

• Condo Townhouses: $928,312 (-4.21% YoY) | Avg. 29 Days on Market

• Condo Apartments: $673,131 (-5.15% YoY) | Avg. 40 Days on Market

• Active GTA Inventory: 29,394 (+18.9% YoY)

What This Means for Sellers
With inventory levels up nearly 19%, competition among listings is increasing. Sellers who price properly and present their homes professionally are seeing the strongest results. A clear marketing strategy that emphasizes value, presentation, and timing will make your home stand out in today’s market.

What This Means for Buyers & Investors
Buyers are in a stronger position, with more homes to choose from and slightly softer prices across most housing types. Investors can also benefit from steady rental demand in Markham and nearby York Region communities, especially with long-term appreciation potential.

Conclusion:
Markham’s market continues to evolve as affordability improves and buyer confidence strengthens. Whether you’re thinking about listing your home or making a new investment, it’s all about timing and positioning.

I’m Sam Chaim, your Point Man in Real Estate, and I’m here to make a difference for you by helping you navigate today’s market with clarity and confidence.

📞 Let’s connect to discuss your goals.

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The Vaughan housing market is showing signs of movement as buyers return to the GTA following the Bank of Canada’s September rate cut. With more affordable monthly payments and greater inventory choice, the market is evolving — and both sellers and buyers can benefit.

Key Stats for Vaughan (September 2025):

• Detached Homes: Average Price $1,579,399 (-14.38% YoY) | Avg. Days on Market 31

• Semi-Detached: $1,106,187 (+1.47% YoY) | Avg. Days on Market 32

• Townhomes: $1,019,206 (-10.15% YoY) | Avg. Days on Market 23

• Condo Townhouses: $754,083 (-23.01% YoY) | Avg. Days on Market 35

• Condo Apartments: $648,424 (-1.85% YoY) | Avg. Days on Market 33

• Active Inventory GTA-Wide: 29,394 (+18.9%)

What This Means for Sellers:
Buyers are active again — but they’re negotiating harder. With average prices down slightly from last year, success comes from positioning your home strategically and showcasing value. Professional marketing, staging, and data-driven pricing can maximize your sale price.

What This Means for Buyers & Investors:
Falling borrowing costs mean improved affordability. With more inventory on the market, there’s more room to negotiate and find properties with upside potential — from condos to detached homes in Vaughan’s growing communities.

Conclusion:
Whether you’re buying, selling, or investing, the Vaughan market is shifting — and that means opportunity. As your Point Man in Real Estate, I’m here to help you navigate your next move with confidence.

📞 Contact me today to discuss your real estate goals in Vaughan and beyond.

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The Greater Toronto Area (GTA) real estate market is shifting again, with sales activity heating up and buyers responding to lower borrowing costs. If you’re considering buying, selling, or investing, September’s numbers offer valuable insight into what’s happening now—and what’s coming next.

Key Highlights from September 2025:

• 📈 Sales Activity Rising: GTA REALTORS® reported 5,592 home sales, up 8.5% year-over-year.

• 💰 Prices Down: The average selling price dipped 4.7% to $1,059,377 compared to September 2024.

• 🏡 Inventory Choices: New listings climbed 4% year-over-year to over 19,000, giving buyers more options.

• 📉 Market Tightening: Compared to August 2025, sales were up while new listings fell, signaling increased competition in some market segments.

What This Means for Sellers
If you’re considering selling your home, timing and pricing strategy are critical. With more buyers re-entering the market after the interest rate cut, demand is rising—but so is negotiation pressure. Sellers who prepare their homes properly and price strategically are positioned to succeed.

What This Means for Buyers & Investors
Lower borrowing costs are making homeownership more affordable again. Buyers have more choices in today’s market, while investors can take advantage of softer prices to secure strong long-term assets.

The GTA market is shifting, and whether you’re a seller, buyer, or investor, having the right guide makes all the difference. As your Point Man in Real Estate, I’ll help you navigate the numbers, spot opportunities, and make confident decisions.

📞 Contact Sam Chaim, your Point Man in Real Estate, and let’s start a conversation about your goals.

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Finally! On September 17th the Bank of Canada cut the Key Rate by a quarter percentage point to now sit at 2.5%. This comes after months of speculation that our Central Bank would wait until after the relaxing days of summer to start igniting business investment and consumer confidence. 

It’s great news for housing markets and business too. Thinking of a new place to call home? Mortgage rates are moving down which opens more options in today’s market. Renewing a mortgage? Better rates mean a better night’s sleep.

The rate cut will likely also boost business optimism as “cheaper money” makes it more compelling to expand operations, opening new employment opportunities. With lower interest rates boosting business and consumer confidence, the BoC is working toward a productivity increase and GDP growth to offset the impact of complicated trade relationships.

Are additional cuts on the horizon? The Bank of Canada will continue to look at the stability of inflation, having come in at 1.9% for August as announced by Stat Can on September 16th. Also, CREA on September 15th reported a 4 year high for home sales nationally in August.  The next rate announcement comes on October 29th.

South of the border, the U.S. Federal Reserve also delivered a .25% rate cut, on the 17th. The move comes as the Fed responds to signs of their cooling labour market, aiming to give their economy a boost – while still keeping an eye on inflation. With both central banks now moving in the same direction, policy alignment is likely to ease pressure on the loonie, as well as support further BoC rate cut conversations.

Every neighbourhood is different. If lower rates have you dreaming of a move, or if you just want to know “how much they’re asking?” or “how much did it sell for?” Call me. Let’s Connect.

The Greater Toronto Area housing market continues to shift as we move through 2025. According to the Toronto Regional Real Estate Board (TRREB), 5,211 home sales were reported in August 2025, marking a 2.3% increase compared to August 2024.

At the same time, new listings climbed 9.4% year-over-year to 14,038, giving buyers more choice and increasing competition for sellers. The average GTA selling price was $1,022,143, down 5.2% compared to last year, highlighting the importance of pricing strategy in today’s market.

What This Means for Sellers

With inventory on the rise, properly positioning your home is critical. Professional marketing, competitive pricing, and strategic negotiation are what make the difference in achieving top value.

What This Means for Buyers & Investors

For buyers, the surge in listings creates opportunities for greater choice and negotiating leverage. With interest rates trending downward, affordability is improving—making now a smart time to explore your next purchase or investment.

Whether you’re planning to sell your Toronto home or make a strategic purchase, I can help you navigate this market.

📞 Contact Sam Chaim, your Point Man in Real Estate, and let’s start a conversation about your goals.

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