Greater Toronto home sales down nearly 8% from a year ago in October — SkimNews
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- GTA home sales fell 7.9% year over year in October to 5,603 homes, but rose 1.2% from September on a seasonally adjusted basis.
- GTA home prices declined in October: the average selling price fell 2.7% year over year to $1,024,108, while the composite benchmark price for a typical home dropped 4.3%.
- GTA new listings totaled 14,173 in October, down 11.9% from a year earlier.
- GTA active listings fell 10% from October 2025, leaving 25,098 homes for sale across the region.
- CREA downgraded its Canadian home-sales forecast for 2026 again, providing a broader negative counterpoint to the modest month-to-month rise in GTA sales.
- Daniel Steinfeld, TRREB president, said residents were watching Canada-U.S. trade negotiations and the Middle East conflict to ease concerns about inflation and economic uncertainty before moving in the home-ownership market.
Why it matters: GTA sellers had less pricing power in October: the benchmark price fell 4.3% year over year while sales dropped 7.9%. Buyers did not gain a supply surge either, because new listings fell 11.9% and the 25,098-home inventory was itself shrinking.
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