Market News · November 2026
October was another slow month for GTA real estate. Fewer homes sold than a year ago, fewer new listings came on, and prices were lower. But after adjusting for the season, sales, new listings and prices all edged up from September. The big change was borrowing costs: on October 28 the Bank of Canada raised its policy rate for the first time since July 2023.
GTA resale (TRREB, October 2026)
- Sales: 5,603, down 7.9% from 6,083 in October 2025
- New listings: 14,173, down 11.9%
- Active listings at month-end: 25,098, down 10.0%
- Average price: $1,024,108, down 2.7% from $1,052,539
- MLS® Home Price Index composite benchmark: $916,400, down 4.3% from a year ago
- Average listing days on market: 31; homes sold for 97% of list price on average
- Seasonally adjusted, sales, new listings, the benchmark price and the average price were all up slightly from September
GTA average price by home type (TRREB, October 2026, change from a year ago)
- Detached: $1,310,627, down 3.2% (2,693 sales)
- Semi-detached: $1,024,907, down 0.8% (546 sales)
- Townhouse: $804,416, down 5.0% (933 sales)
- Condo apartment: $621,400, down 5.8% (1,385 sales)
Vaughan and York Region (TRREB, October 2026, all home types)
- Vaughan: 263 sales (213 in September), average price $1,201,704, median $1,135,000, 659 new listings, 1,219 active listings; homes sold for 97% of list price on average
- Vaughan benchmark price (MLS® HPI composite): $1,106,600, down 5.5% from a year ago
- Vaughan detached: 147 sales, average price $1,550,898
- York Region: 1,038 sales, average price $1,142,789, median $1,050,000, 2,663 new listings; benchmark $1,071,700, down 6.8% from a year ago
New homes (BILD and Altus Group, September 2026 sales, released October 22)
- 949 new homes sold in the GTA, 52% below the 10-year average for September
- Low-rise: 820 sales, 17% above the 10-year average, the sixth month in a row above average; BILD credits Ontario's HST rebate program
- High-rise (condos): 129 sales, the lowest September on record, down 40% from a year earlier
- New low-rise benchmark price: $1,246,764, down 13.3% over 12 months
Rates
- The Bank of Canada raised its policy rate by 0.25 points to 2.50% on October 28, its first increase since July 2023. It pointed to a higher inflation outlook driven by energy prices and said further increases may be needed, but it will proceed carefully.
- Next decision: December 9, 2026.
What it means for you
- Buying: prices are below last year's and buyers still have room to negotiate, but borrowing costs have started to rise. Get a pre-approval with a rate hold before you shop, and compare recent sales before you make an offer.
- Selling: fewer new listings are competing with yours, but buyers are price-sensitive. Price against recent sales nearby, not last year's prices.
- Renewing a mortgage or on a variable rate: payments may go up. Talk to your lender or mortgage professional early.
Thinking of buying or selling in Vaughan or York Region? Call (416) 939-5284 or ask for a free home evaluation. For commercial and industrial property, see Commercial Listings & News.
Iouri Chestopalov, Broker of Record
Keystar Realty Inc., Brokerage
Sources: Toronto Regional Real Estate Board, Market Watch, October 2026 (released November 4, 2026); BILD and Altus Group, new home sales release, October 22, 2026; Bank of Canada, rate announcement, October 28, 2026. Figures are market-wide averages, not an opinion of value for any property.
