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Toronto — Most Expensive homes for September 2026.

Listings (sorted by price):
1. Listing C13780934 — $22,500,000
2. Listing C13475538 — $21,995,000
3. Listing C13619112 — $17,995,000
4. Listing C13732176 — $17,200,000
5. Listing C13525554 — $16,500,000
6. Listing C13693884 — $14,880,000
7. Listing C13752980 — $13,500,000
8. Listing C13816180 — $12,995,000
9. Listing C13764668 — $12,880,000
10. Listing C13227720 — $12,500,000
11. Listing C13142106 — $12,295,000
12. Listing 40826557 — $11,995,000
13. Listing C13092402 — $11,995,000
14. Listing C13640040 — $11,995,000
15. Listing C13763100 — $11,995,000

By Q2 2026, avg. days on market had increased yearly across home types in Southern Ontario, marking a slower pace than the 2022 peak.
Condos took longest to sell in Q2 2026, averaging 36 days versus ~32 in Q2 2025, while elevated inventory gave buyers more negotiating room.
Single-family homes moved faster than condos: semi-detached averaged 20 days, detached 25, and townhouses ~24, with townhouses showing the smallest yearly increase.
An economist said townhouses appeared more resilient because they appealed to downsizers and first-time buyers seeking an option between detached homes and condos.
The contrast was sharp: at the Early-Q1 2022 peak, detached homes sold in nine days, while semi-detached homes and townhouses took ~1 week.

Since 2024, >4K Ontario condo units shifted from condo stock into rental portfolios, signaling a major market change that owners and buyers should watch closely.
The shift was described as fundamentally altering Ontario's Real Estate landscape, with accelerating conversion activity making it more important to understand buyers' motives.
Ontario investors prioritized rental conversions over traditional ownership models, with this strategy tied to the current economic climate shaping purchase decisions across Ontario.
For current owners and prospective buyers, understanding who is purchasing these assets and why conversions are accelerating was presented as increasingly important.
The key takeaway for Ontario decision-making: track how condo-to-rental shifts affect housing supply before making your next property move in the market today.

Toronto home prices were ↓0.1% MoM in Mid-Q3, showing a slight pause in recent market movement rather than a major price reset.
Toronto resales were ↓2.1% yearly in Mid-Q3, indicating activity remained softer than a yr earlier even as the monthly price change stayed minimal.
Toronto's Mid-Q3 data showed prices barely moved while sales stayed below a yr earlier, pointing to a market adjusting gradually instead of shifting sharply.
For Toronto, the latest cooling fit a broader view that Mid-Q3 marked a pause, with only a marginal monthly price dip overall.
Looking ahead, expectations called for stabilization through the rest of 2026 and into 2027, though Toronto's path was still part of a regionally uneven recovery.

Toronto faced compounding exposure as the trade conflict squeezed construction economics and condo starts declined, leaving new supply more sensitive to higher material costs.
A federal construction index showed fabricated metal costs ↑2.1% quarterly, adding pressure in Toronto as building projects remained tied to steel-intensive development.
Structural steel costs ↑1.8% quarterly, reinforcing supply-side risk for Toronto, where construction still relied on steel and rebar priced significantly higher overall.
With little to no condo construction to fall back on, Toronto was described as doubly exposed to potential price shocks on supply side.
For Toronto, the key takeaway was straightforward: weaker condo starts and costlier steel increased the market's vulnerability to supply-side pricing pressure recently.

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

Mid-Q2 condo purchase activity ↑~4% yearly, marking another uptick, but local mortgage professionals still saw limited recovery signals as prices kept softening.
Activity has improved for four straight mo, yet remains well below 2022 peak levels, keeping many Toronto buyers cautious despite lower prices.
Buyer patience is shaping negotiations: some clients are waiting for deeper value, while sellers face pressure to meet today’s condo market reality.
Sellers often aim to protect equity, but local professionals warned desired prices may be difficult when monthly cashflow is already negative for investors.
Financing strategy matters: some lenders have sought ~25% minimum downpayments on condos, aiming to limit exposure if values move lower after recent price pressure.

A global wealth manager ranked Toronto among the weakest major housing markets, with home prices ↓~11% yearly, the steepest annual drop across 23 tracked cities.
The firm said Toronto led from 2014 to 2022, with real home prices doubling during rapid population growth, strong investor demand and robust construction.
Since 2022, higher interest rates, a foreign-buyer ban and added supply had driven a sharp correction, leaving Toronto prices nearly ↓30% from peak.
Toronto landed in the report's moderate bubble-risk category because the correction had already narrowed the gap between home prices and what residents could afford.
The outlook then pointed to continued near-term price pressure in Toronto as inventory rose, growth slowed and possible rate hikes kept buyers cautious.

Toronto landed in the moderate bubble-risk band as inflation-adjusted home prices fell ~10% yearly, creating the sharpest reset among cities tracked globally.
Benchmark pricing also softened, with Toronto's composite home-price measure down ~5% yearly on a seasonally adjusted basis, leaving values near ~$931K recently.
Central condo affordability looked better on income, but once mortgage interest, maintenance, taxes and risk premium were included, owning still cost well above renting.
For brokers, that left a narrow window: prices were softer, but the market could tighten again if demand recovered before supply did.
Toronto must lift annual housing starts by at least ~50% over the next decade to return to 2019 affordability, underscoring the supply challenge.

Milton — Most Affordable homes for September 2026.

Listings (sorted by price):
1. Listing W13701680 — $399,000
2. Listing W13766726 — $399,000
3. Listing W13803982 — $399,000
4. Listing W13691544 — $399,900
5. Listing W13842320 — $399,999
6. Listing W13617838 — $434,900
7. Listing W13734700 — $439,000
8. Listing W13649036 — $449,000
9. Listing W13823258 — $449,000
10. Listing W13604882 — $449,900
11. Listing W13684990 — $469,000
12. Listing 40856159 — $469,900
13. Listing W13558296 — $469,900
14. Listing W13695188 — $469,900
15. Listing 40827315 — $474,900