Year-over-year home sales decline in Toronto for a fourth straight month

Financial Post · Shantaé Campbell · 2026-11-04 10:00 UTC

Sales were down nearly 8% in the GTA in October, while benchmark prices and new listings also declined

Toronto home sales fell 7.9 per cent in October from a year earlier, while the benchmark home price declined 4.3 per cent to $916,400.

The Toronto Regional Real Estate Board (TRREB) reported 5,603 sales last month, compared with 6,083 in October 2025. That followed a nine per cent year-over-year drop in September. On a seasonally adjusted basis, sales rose 1.2 per cent from September, reversing a 4.9 per cent decline the previous month.

The report comes days after the Bank of Canada raised its benchmark interest rate by 25 basis points to 2.5 per cent, its first increase since July 2023. Annual inflation stood at 3.1 per cent in September, with fuel prices contributing to the increase.

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