GTA real estate market update: October 2026
By Mehran Salehian, Sales Representative · Oct 18, 2026
Homes for sale, typical asking prices, price cuts, rents and mortgage rates across Toronto and the GTA for October 2026.
The market this month
Price cuts are common, so well-priced homes sell and overpriced ones sit. Here is where homes for sale stand across Toronto, the GTA and the rest of Ontario on our site as of October 18.
- Houses: 46,015 for sale, median asking $824,900, 4,379 new in the last week, 23% with a price cut, typical 40 days on the market.
- Condos: 14,833 for sale, median asking $539,900, 1,526 new in the last week, 20% with a price cut, typical 38 days on the market.
By city: typical asking price for a house
- Toronto: $1,399,000, 3,746 for sale; condos $595,000
- Mississauga: $1,299,900, 1,160 for sale; condos $582,450
- Hamilton: $799,450, 1,548 for sale; condos $449,900
- Brampton: $979,000, 1,273 for sale; condos $522,000
- Vaughan: $1,549,900, 732 for sale; condos $599,000
- Markham: $1,400,000, 629 for sale; condos $638,000
- Oakville: $1,699,000, 738 for sale; condos $599,000
- Richmond Hill: $1,597,500, 690 for sale; condos $599,000
Rents
Across the area, the typical asking rent is $2,100 for a 1-bedroom and $2,490 for a 2-bedroom. Rents by city and bedrooms
Mortgage rates
The Bank of Canada's policy rate is 2.25% and the prime rate is 4.45%. The posted 5-year fixed rate is 6.19%; most buyers get a discount from their lender. Rates and the income needed to buy in each city
What sold, and for how much
Sold prices, sold-vs-asking and days to sell are in the sold report, free for members under the real estate board's rules.
Thinking of making a move?
If you're buying, see what homes are for sale and get alerts for new listings. If you're selling, start with a free home value estimate, or talk to me about pricing your home for this market.
Figures are asking prices for homes listed on the MLS® System and on this site; they are not sale prices. Source: TRREB/PropTx listing data, Bank of Canada.