Economic Uncertainty Kept GTA Homebuyers on the Sidelines in September

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Postmedia has not reviewed the content. by GlobeNewswire Economic Uncertainty Kept GTA Homebuyers on the Sidelines in SeptemberAuthor of the article:TRREB MLS® Sales and Average Price September 2026 GNWTORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) — Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountGTA REALTORS® reported 5,040 home sales through TRREB’s MLS® System in September 2026 – down nine per cent compared to September 2025. New listings entered into the MLS® System amounted to 16,500 – down by 14.4 per cent year-over-year.This advertisement has not loaded yet, but your article continues below.On a seasonally adjusted basis, September 2026 home sales and new listings were down month-over-month compared to August 2026.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Housing is one of the biggest issues on voters’ minds, and the upcoming municipal election will help shape housing policy across the GTA and Simcoe County for the next four years. The decisions our next mayors and councillors make on affordability, housing supply and the costs associated with buying a home can also influence buyer demand and confidence in the market,” said Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld.The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 4.7 per cent year-over-year in September 2026. The average selling price, at $1,006,409, was down by 5.1 per cent. On a seasonally adjusted basis, both the MLS® HPI Composite and average selling price edged lower month-over-month compared to August 2026.“We know there is substantial pent-up demand in the GTA, with many households fully intending on purchasing a home in the months ahead. These would-be homebuyers want to take advantage of today’s more affordable housing market, but they need to be confident that their employment situation will remain solid and inflation will not put pressure on borrowing costs over the long term,” said TRREB Chief Information Officer Jason Mercer.This advertisement has not loaded yet, but your article continues below.“Governments must make homeownership more attainable by reducing barriers such as Toronto’s Municipal Land Transfer Tax and opposing its expansion across the GTA and Simcoe County,” said TRREB CEO John DiMichele. “With trade uncertainty and tariffs continuing to affect Canada’s economy, maintaining a strong housing sector is critical to supporting consumer confidence, economic growth, and the significant spin-off spending generated by every MLS® transaction,” continued DiMichele.Media Inquiries: For all media inquiries, please email media@trreb.caAbout TRREB: The Toronto Regional Real Estate Board is Canada’s largest real estate board, with almost 70,000 residential and commercial professionals connecting people, property, and communities. 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