SEO Title: GTA Real Estate Market Update September 2026 | Toronto Home Prices & Inventory

Meta Description: The September 2026 GTA real estate market saw the average sale price rise to $1,006,409 while inventory increased 6.74% month-over-month. See the latest Toronto and GTA housing market trends for detached homes, townhouses and condos.

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GTA Home Prices Rise in September as Buyers Gain More Choice

What happened in the Greater Toronto Area real estate market in September 2026?

The GTA housing market showed mixed results in September, with improving month-over-month prices but continued year-over-year price pressure.

The average GTA home sale price reached $1,006,409, increasing 1.31% from August 2026. However, the average remained 5.00% below September 2025.

At the same time, housing inventory increased significantly from the previous month. The Greater Toronto Area had 26,131 active listings, a 6.74% month-over-month increase.

For buyers, more inventory can mean greater selection. For sellers, increased competition makes strategic pricing, presentation and marketing increasingly important.

Here is a closer look at the September 2026 Toronto and GTA real estate market.

September 2026 GTA Real Estate Market at a Glance

Average Sale Price: $1,006,409
Month-over-Month: +1.31%
Year-over-Year: -5.00%

Active Inventory: 26,131
Month-over-Month: +6.74%
Year-over-Year: -9.3%

While the month-over-month increase in average price is encouraging, the year-over-year comparison shows that the market remains below September 2025 price levels.

The increase in available inventory also means buyers and sellers need to look beyond the GTA-wide average when making a move.

Detached Homes in the GTA

Detached homes averaged $1,292,016 in September.

The average detached property spent 31 days on the market, with 12,321 active listings and 2,399 reported sales.

Detached home prices increased 0.26% month-over-month but were 4.93% lower year-over-year.

For detached-home sellers, the amount of competing inventory reinforces the importance of entering the market with a realistic pricing and marketing strategy rather than relying solely on broader GTA averages.

Semi-Detached Homes

The average price of a semi-detached home reached $1,015,202.

Semi-detached properties spent an average of 45 days on the market, with 1,380 active listings and 459 sales.

Prices rose 8.97% from August and were almost unchanged from the previous year, down just 0.03% year-over-year.

Among the housing categories in the September report, semi-detached properties recorded the strongest month-over-month price movement.

Attached, Row and Townhouses

Attached, row, and townhouse properties averaged $907,849.

These properties spent an average of 30 days on the market, with 1,854 active listings and 448 sales.

Average prices increased 2.92% month-over-month, while remaining 4.23% below September 2025.

For buyers who want more space than an apartment-style condominium but may not need a detached property, the townhouse segment remains an important part of the GTA housing market.

Condo Townhouses

The average GTA condo townhouse sold for $710,579 in September.

Condo townhouses spent an average of 40 days on the market, with 2,097 active listings and 355 sales.

Prices rose 4.28% from August but remained 4.96% lower year over year.

Condo Apartments

The average condo apartment price was $605,257.

Condo apartments spent an average of 42 days on the market, with 8,226 active listings and 1,316 sales.

Prices declined 2.00% month-over-month and were 7.63% lower than September 2025.

Of the property categories included in the September report, condo apartments experienced the largest year-over-year percentage decline.

Is the GTA Real Estate Market Going Up or Down?

The September numbers don't point to a simple answer.

The GTA average sale price rose 1.31% from August, suggesting a slight month-over-month improvement. At the same time, the average remained 5.00% below September 2025.

Different property types also moved in different directions.

Semi-detached homes experienced a notable month-over-month increase, while condo apartment prices declined from both the previous month and the previous year.

This is why buyers and sellers should be cautious about relying on a single GTA-wide statistic to determine a particular property's value.

Property type, neighbourhood, condition, comparable sales and current competition can all influence what is happening at the local level.

Is September 2026 a Good Time to Buy a Home in Toronto or the GTA?

For buyers, one of September's most important statistics is available inventory.

With 26,131 active listings, buyers may have more properties to compare than they did a month earlier.

More choice gives buyers an opportunity to carefully evaluate properties, pricing, and neighbourhoods before making an offer.

However, conditions can vary considerably between Toronto, North York and communities throughout the Greater Toronto Area, as well as between detached homes, townhouses and condominiums.

A buyer considering a property should therefore look at recent comparable sales and current competing listings rather than relying exclusively on the GTA average.

Is September 2026 a Good Time to Sell a Home in the GTA?

For sellers, September demonstrates why pricing and positioning matter.

Although the overall average sale price increased from August, GTA inventory also rose 6.74% month over month.

When buyers have more homes to choose from, sellers need to consider how their property compares with competing listings.

Professional presentation, accurate pricing, and a marketing strategy tailored to the property's target buyer can help a listing stand out in a competitive marketplace.

The objective isn't simply to put a property on the market. It's to position it effectively for today's market.

What Does the September Market Mean for Your Home?

GTA-wide statistics provide useful context, but they don't determine an individual home's value.

A detached property in North York can experience very different conditions from a downtown Toronto condo, just as one neighbourhood can have different inventory and buyer demand than another only a few kilometres away.

If you're considering selling, the more useful questions are:

• What have comparable homes in your neighbourhood actually sold for?

• How many competing properties are currently listed?

• How long are similar homes taking to sell?

• How does your home compare with those listings?

• What pricing and marketing strategy makes sense in the current market?

And if you're buying, understanding recent sales and local inventory can help you determine whether a property's asking price reflects current conditions.

September 2026 GTA Real Estate Market FAQ

What was the average GTA home price in September 2026?

The average sale price across the Greater Toronto Area was $1,006,409, according to September market statistics from the Toronto Regional Real Estate Board (TRREB).

Did GTA home prices increase in September 2026?

Yes. The overall average sale price rose 1.31% month over month. However, it remained 5.00% below September 2025.

How many homes were available for sale in the GTA?

The September report shows 26,131 active listings, up 6.74% from the previous month.

What was the average price of a detached home?

The average detached home price was $1,292,016.

What was the average townhouse price?

Attached, row and townhouse properties averaged $907,849, while condo townhouses averaged $710,579.

What was the average condo price in the GTA?

The average condo apartment price was $605,257 in September 2026.

Are Toronto home prices lower than last year?

According to GTA-wide September statistics, the overall average sale price was 5.00% lower year over year. Results vary by property type and location, so evaluate individual Toronto and GTA neighbourhoods using local sales data.

Buying or Selling in Toronto or the GTA?

The September numbers reinforce an important point: the GTA isn't a single real estate market.

Conditions vary by neighbourhood, property type and price range. Whether you're thinking about selling your current home, buying your next property, or simply wondering what your home may be worth, local numbers can help you make a more informed decision.

Thinking about buying or selling in Toronto, North York or the Greater Toronto Area?

Connect with Sam Chaim to discuss your goals, review the latest comparable sales and determine what today's market means for you.

Sam Chaim | Making a Difference for You

Data source: Toronto Regional Real Estate Board (TRREB), September 2026 market statistics.