What happened
The Toronto Regional Real Estate Board (TRREB) publishes a monthly statistics report called "Market Watch". The September report came out on October 6, 2026. Its first-page table gives these numbers by home type (all GTA, September 2026, compared with last September).
| Home type | Sales | Average price | Price vs. last September |
|---|---|---|---|
| Detached | 2,399 | $1,292,016 | -5.1% |
| Semi-detached | 459 | $1,015,202 | -0.2% |
| Townhouse | 803 | $820,637 | -4.6% |
| Condo apartment | 1,316 | $605,257 | -7.7% |
| All types | 5,040 | $1,006,409 | -5.1% |
Condo apartment sales were down 7.8% from last September. The condo apartment average was $640,248 in the City of Toronto (416) and $533,654 in the rest of the GTA (905). Numbers are from page 1 of the TRREB Market Watch for September 2026.
In charts: the last three Septembers for condos
Condo apartments only, for the last three Septembers. These are the figures first published in each September report.
| Period | Value (Canadian dollars) |
|---|---|
| Sept 2024 | $682,543 |
| Sept 2025 | $655,231 |
| Sept 2026 | $605,257 |
Why these years: The three most recent Septembers, side by side in the same way.
TRREB revises past numbers later. The bars are the first-published figures from each September report (mw2409, mw2509, mw2609). The −7.7% in the article is TRREB’s figure using its revised number for last year, so it differs slightly from what the bars give (about −7.6%).
Source: TRREB Market Watch, September 2026 (PDF) (checked Nov 2, 2026). Bars start at zero.
| Period | Value (sales) |
|---|---|
| Sept 2024 | 1,312 |
| Sept 2025 | 1,437 |
| Sept 2026 | 1,316 |
Why these years: The same three Septembers as the left chart.
First-published figures. TRREB’s published change in sales (−7.8%) uses its revised number for last year, so it differs slightly from the bars (about −8.4%).
Source: TRREB Market Watch, September 2024, 2025, 2026 (PDF) (checked Nov 2, 2026). Bars start at zero.
The whole-market numbers too
- All sales: 5,040 (last September 5,540, down 9.0%)
- Average price, all types: $1,006,409 (last September $1,060,036, down 5.1%)
- New listings: 16,500 (last September 19,270, down 14.4%)
- Active listings (still for sale): 26,131 (last September 28,813, down 9.3%)
- Average time to sell: 34 days on the latest listing (33 last year), 51 days from the first listing (51 last year)
The terms in plain words
- Average price: all sale prices added up and divided by the number of sales. It moves with the mix of homes sold, so do not read it as "my condo lost 7.7%".
- 416 and 905: short names for the City of Toronto (area code 416) and the rest of the GTA (905). The same type of condo can have a very different average in the two areas.
- Active listings: homes still for sale at the end of the month. More active listings means more choice for buyers.
- Days on market: how many days a home took to sell after it was listed. TRREB reports both the latest listing (LDOM) and the first listing (PDOM). A home that was taken down and relisted has a longer PDOM.
What it means for GTA condo buyers, sellers and renters (explanation)
This explains how to read the numbers. It is not advice to buy or sell.
- Condo buyers: among the four home types, condo apartments had the biggest price drop (7.7%). But that is the average; the building, floor and condo fees change the picture. Looking at recent sales in the building you want is the usual step.
- Condo sellers: condo sales also fell 7.8%, so there were fewer buyers that month. Pricing is usually set from recent sales in the same or nearby buildings (a comparative market analysis).
- Semi-detached homes changed the least, with the average down only 0.2%. Detached fell 5.1% and townhouses 4.6%.
- Renters: this table shows sale prices. Rent data is reported separately, so you cannot read a change in rent from these numbers.
What to watch next
Market Watch comes out early each month. Check the official schedule on the TRREB website for the October issue. The back pages of the report have tables by city and neighbourhood, so open the original PDF or ask me if you need a specific area. This article does not predict prices.
Sources (open the originals)
- Original: TRREB Market Watch — checked Nov 1, 2026
- TRREB, Market Watch (monthly report) — checked Nov 1, 2026
- TRREB, news release for September 2026 — checked Nov 1, 2026