Market Report · Toronto · September 2026
Toronto Real Estate Market
September 2026
Toronto’s annual price decline narrows to its smallest in several cycles as detached and semi-detached both turn a corner. August data shows condominiums have become the market’s softest segment.
What is happening in the Toronto market right now?
Toronto’s August 2026 data shows sales down 2% against the five year average while new listings held flat at 0%, pushing inventory up 15% and months of supply up 16%. The benchmark price is $918,400, down 3.08% month over month and 1.25% year over year, the smallest annual decline the market has posted in several cycles. Detached has turned barely positive at 0.11% annually, with the strongest sales growth (+9%) and largest inventory build (+29%) of any segment. Semi-detached has also improved sharply, narrowing to -1.84% annually with sales up 7%. Condominiums are the exception, now the weakest segment at -2.40% annually, with sales down 8% and new listings down 6%.
01 Overall Market
Toronto’s annual price decline narrows to its smallest in several cycles.
August data shows demand holding steady while new supply stays flat. New listings are unchanged from the five year August average, while sales are down 2%. Inventory has increased 15%, pushing months of supply up 16%.
The benchmark price is $918,400, down 3.08% month over month and 1.25% year over year, Toronto’s smallest annual decline in several cycles. Two of three property types have already turned the corner on price, a signal the broader market may be nearing the bottom of its correction.
$918,400
Benchmark price
-1.25%
Year over year
+15%
Inventory change
+16%
Months of supply
02 Detached Homes
Detached turns the corner as sales climb 9% and inventory builds fastest of any Toronto segment.
Detached demand is strengthening. New listings are 11% above the five year August average, while sales have climbed 9%, the strongest sales growth of any Toronto segment. Inventory has grown 29%, the largest build in the market, pushing months of supply up 20%.
The benchmark price is $1,437,900, down 1.43% month over month but up 0.11% year over year, the first positive annual read in this segment in some time. Detached has moved from decline to growth even as it absorbs the biggest supply increase in Toronto.
$1,437,900
Benchmark price
+0.11%
Year over year
+11%
New listings vs avg
+9%
Sales change
03 Condominiums
Condominiums become Toronto’s weakest segment as sales fall 8% and new listings pull back 6%.
Condominium conditions have softened the most of any Toronto segment. New listings are 6% below the five year August average, while sales are down 8%. Inventory has increased 7%, pushing months of supply up 13%.
The benchmark price is $547,400, down 3.14% month over month and 2.40% year over year, now the steepest annual decline in the market. This is a reversal from prior cycles, when condominiums were among Toronto’s more resilient segments.
$547,400
Benchmark price
-2.40%
Year over year
-6%
New listings vs avg
-8%
Sales change
04 Semi-Detached Homes
Semi-detached stages Toronto’s sharpest turnaround, narrowing its annual decline to 1.84%.
Semi-detached demand is picking up. New listings are 4% above the five year August average, while sales have increased 7%. Inventory is up 18%, pushing months of supply up 10%.
The benchmark price is $1,127,200, down 1.04% month over month and 1.84% year over year. That annual decline has narrowed dramatically from a much steeper drop last cycle, one of the largest single-segment improvements across any Bode market city this reporting period.
$1,127,200
Benchmark price
-1.84%
Year over year
+4%
New listings vs avg
+7%
Sales change
Featured Listing · Toronto
See What is Available in Toronto Right Now
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15 Huggins Drive, Whitby, ON
Taunton North · 5 bed · 5.5 bath · 3,255 sqft
Two-storey detached Great Gulf home built in 2022, with over 4,500 sqft of finished livable space, granite counters with a stone backsplash, a main floor office, an upper floor library, a finished basement, and a fenced backyard. Four parking spaces. Still priced at $458/sqft in a segment where the Toronto detached benchmark now sits at $1,437,900, unchanged from last cycle with no reprice this time. Occupancy available October 15, 2026.
Common Questions
Is Toronto currently a buyer’s market or a seller’s market?
Toronto remains buyer-favourable as of August 2026. Inventory is up 15% and months of supply has risen 16%, while the overall benchmark price is down 1.25% year over year, the smallest annual decline the market has posted in several cycles. Detached has turned barely positive at 0.11% annually and semi-detached has narrowed to -1.84%, while condominiums have become the softest segment at -2.40%.
What is the benchmark price in Toronto right now?
The overall benchmark price in Toronto is $918,400 as of August 2026, down 3.08% month over month and 1.25% year over year. By segment: detached homes benchmark at $1,437,900, condominiums at $547,400, and semi-detached homes at $1,127,200.
Why has Toronto’s annual price decline narrowed this cycle?
Two of Toronto’s three property type segments have improved meaningfully. Detached has turned barely positive at 0.11% year over year with sales up 9%, and semi-detached has narrowed to -1.84% with sales up 7%, a dramatic turnaround from a much steeper decline last cycle. Condominiums moved in the opposite direction, falling to -2.40% annually as sales dropped 8% and new listings dropped 6%. Because detached and semi-detached carry more weight in the overall benchmark, their improvement is pulling the citywide annual decline down to 1.25%, even as condominiums weaken further.
Which Toronto property type is performing best right now?
Detached is the strongest segment, with the benchmark price up 0.11% year over year and sales up 9% against historical norms, both the best marks in the market. Semi-detached is close behind, narrowing to -1.84% annually with sales up 7%, one of the largest single-segment improvements across any Bode market city this cycle. Both are outperforming the overall market benchmark, which is down 1.25% year over year.
Is now a good time to sell in Toronto?
Detached and semi-detached sellers are in the strongest relative position, with annual price trends improving and sales activity climbing in both segments. Condominium sellers face the toughest conditions in the market, with the benchmark down 2.40% annually and sales down 8%, a reversal from prior cycles when condominiums were among Toronto’s more resilient segments. Pricing to current comparables rather than to last year’s numbers matters most for condominium listings. Your free Bōde Homeowner Dashboard tracks your property’s current value and local comparable activity so you can price and time the market with real data.
How much does it cost to sell a home with Bōde in Toronto?
Bōde Canada is a flat-fee real estate brokerage. Listing your Toronto home costs $949 flat plus GST for full MLS exposure, or 1% capped at $10,000 plus GST if you prefer to pay only when the home sells, both well under a traditional 5% commission. The Homeowner Dashboard that tracks your home’s value against these market numbers is free.
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