Toronto home sales fall 7.9% in October 2026

Greater Toronto sales dropped 7.9% in October and the benchmark price fell 4.3% over the year, cutting entry prices while financing costs rose.

The facts

Greater Toronto home sales reached 5,603 in October 2026, down -7.9% from October 2025, the Toronto Regional Real Estate Board reported on 4 November.
New listings fell further than sales, to 14,173, a drop of 11.9% over the year.
The MLS HPI Composite benchmark was 4.3% lower than a year earlier, and the average selling price was 1,024,108 Canadian dollars, down 2.7%.
Board chief information officer Jason Mercer said buyers kept substantial negotiating power on price over the past year, and that higher borrowing costs were offset by lower selling prices.
On a seasonally adjusted basis the board reported sales, new listings, the benchmark and the average price all edged up against September 2026; it published no seasonally adjusted percentage.

Entry prices are lower than a year ago. But financing costs rose over the same year, so the saving is partly offset.
An owner selling now faces a benchmark 4.3% below last year and 11.9% fewer competing listings: supply is thinner, but pricing power is weaker.
Glopra's data put the annual price change in Toronto at -7.3% and total transaction costs at about 10.6% of the price, so a short hold is expensive to unwind.

The release carries no active-listing count and no months-of-inventory figure, so the balance between supply and demand cannot be read from it; the detailed October tables were unreachable at publication.
The board gave the seasonally adjusted monthly direction but no figure, so the size of the month-on-month move is not verifiable.

Sources: TRREB https://trreb.ca/wp-content/files/news_releases/news2026/nr_market_watch_1026.pdf