Updated November 2026 · Written by Candice Schott, Broker, Schott & Co., Royal LePage Signature Realty, Brokerage
Toronto home prices are still down from last year, but the gap is narrowing, and the east end is still selling over asking. In October 2026 the average GTA sale price was $1,024,108, down 2.7% from a year ago, according to the Toronto Regional Real Estate Board (TRREB). In Leslieville and Riverdale (TRREB district E01), homes sold for an average of 106% of asking in 13 days. The Beach sold at 104% and the Danforth and East York at 101%. Condos are still slow and houses are still fast. Here are the real numbers from Candice Schott, Broker and co-founder of Schott & Co. at Royal LePage Signature Realty, Brokerage.
What happened to Toronto home prices in October 2026?
Across the GTA, sales and prices were both lower than last October, but by less than in September. TRREB reported 5,603 sales, down 7.9% year over year, and the average price slipped 2.7% to $1,024,108. The MLS® Home Price Index composite benchmark was down 4.3%. In September, the average price was down 5.1%. In the City of Toronto, 2,184 homes sold at an average of $1,075,627, and the typical home sold for 98% of asking after 30 days on market.
| October 2026 | GTA (TRREB area) | City of Toronto |
|---|---|---|
| Sales | 5,603 (down 7.9%) | 2,184 |
| Average price | $1,024,108 (down 2.7%) | $1,075,627 |
| New listings | 14,173 | 5,451 |
| Active listings | 25,098 | 9,526 |
| Sold vs. asking | 97% | 98% |
| Average days on market | 31 | 30 |
| Months of inventory | 4.6 | 4.6 |
The headline is about the whole GTA. Your price is about your street, and the east end is still a very different market from the city as a whole.
Why are Leslieville and Riverdale still selling over asking?
Because the east end still has fewer homes for sale than buyers who want them. District E01 (Leslieville, Riverdale, Riverside) had 2.4 months of inventory in October, compared with 4.6 for the city as a whole. Under about 4 months usually means sellers hold the cards. The Beach (E02) was even tighter at 2.3 months, and the Danforth and East York (E03) sat at 2.8.
| October 2026 | E01 Leslieville / Riverdale | E02 The Beach | E03 Danforth / East York |
|---|---|---|---|
| Sales | 63 | 64 | 54 |
| Average price | $1,235,863 | $1,255,113 | $1,105,607 |
| Median price | $1,115,000 | $1,185,000 | $1,055,500 |
| Sold vs. asking | 106% | 104% | 101% |
| Average days on market | 13 | 17 | 21 |
| Months of inventory | 2.4 | 2.3 | 2.8 |
E01 cooled a little from September, when it sold at 109% of asking, but it is still the strongest district we track. Semi-detached homes in E01 sold at 108% of asking in 13 days on average, and detached homes at 106% in 10 days. Some of these homes were priced below market on purpose to draw several buyers on offer night, so the average reflects pricing strategy as well as demand. Compare that with midtown: Yonge-Eglinton (C03) and Don Mills (C13) sold at 95% of asking, and Lawrence Park (C04) and Leaside (C11) at 97%. For the street-level picture, see our Leslieville neighbourhood guide, Riverdale guide, Beach guide and Danforth guide.
Are condos or houses selling faster in Toronto right now?
Houses, still. In the City of Toronto, condo apartments took 36 days on average to sell, at 97% of asking. Semi-detached homes took 18 days at 102%. Detached homes sold for 97% of asking in 24 days, which means buyers can negotiate on many detached homes outside the tightest districts. If you're upsizing from a condo to a house, you're selling in the slow market and buying in the fast one.
| City of Toronto, October 2026 | Sales | Average price | Sold vs. asking | Avg. days on market |
|---|---|---|---|---|
| Detached | 741 | $1,603,886 | 97% | 24 |
| Semi-detached | 266 | $1,225,229 | 102% | 18 |
| Townhouse (freehold) | 80 | $1,244,686 | 100% | 23 |
| Condo townhouse | 137 | $742,764 | 97% | 40 |
| Condo apartment | 949 | $659,214 | 97% | 36 |
Condo supply is still the story. The City of Toronto had 5,251 active condo apartment listings in October against 949 sales. Here's the upsizer math nobody posts on Instagram. Say your condo is worth $700,000 and the house you want is $1.4 million. If both drop 2.7%, the same as the GTA average this month, you lose $18,900 on your sale but save $37,800 on your purchase. You come out $18,900 ahead. That's an illustration, not a promise: real homes don't all move in lockstep, and it only works if you sell yours well and in the right order.
Should you sell first or buy first when upsizing in Toronto?
In this market, our usual answer is still sell first with a longer closing. Buy first and you could be carrying two homes while your condo sits for 36 days, or much longer if it isn't priced well: two mortgages, two tax bills and zero sleep. Sell first and you walk into offer night with a firm sale in hand, which is the cleanest offer in the room when other buyers still have "subject to the sale of our home" conditions.
Once your sale is firm, bridge financing can cover the gap between closing dates. Your lender sets the terms, so talk to them early. Our Upsizing Calculator lets you compare both orders with your own numbers, including sale proceeds, land transfer tax and your new monthly payment. The full playbook is in our upsizing guide.
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The Upsizer's Guide
Buy first or sell first, lining up both closings, and every cost, in one plan you can keep.
Get the free guide →How much land transfer tax will you pay on a $1.3 million Toronto home?
About $45,000. Buy inside the City of Toronto and you pay land transfer tax twice, once to Ontario and once to the City, and both use the same brackets up to $2 million. On a $1,300,000 purchase, that's $22,475 to the province plus $22,475 to the City, or $44,950 due in cash on closing. If you've owned a home before, the first-time buyer rebates don't apply. We checked: Ontario's 2026 Fall Statement did not change land transfer tax rates or the first-time buyer refund amount.
| Purchase price $1,300,000 | Amount |
|---|---|
| Ontario land transfer tax | $22,475 |
| Toronto municipal land transfer tax | $22,475 |
| Total due on closing | $44,950 |
Rates: 0.5% up to $55,000, 1% to $250,000, 1.5% to $400,000 and 2% to $2,000,000, per the Government of Ontario and the City of Toronto. Put it in the budget now, not at the lawyer's office. This is an estimate, not legal or tax advice; confirm your numbers with your real estate lawyer. See our closing costs guide for the rest of the list.
How do you sell a condo in a slow market?
Three things move a condo when condos are sitting:
- Price it for this market. Not for what your neighbour got in 2022. Condos that sit for months are usually priced above what buyers will pay.
- Fix the small stuff first. Grout, bulbs, closets. Buyers notice the cheap fixes before they notice the beautiful ones.
- Launch with a plan. Prep, photos, pricing and an offer strategy, not "let's list and see what happens." Hope isn't a strategy in this market.
You give us a budget, you give us your keys, and we take care of the rest. And if the numbers say don't move yet, we'll tell you that too.
What could happen in the Toronto market this winter?
The Bank of Canada raised its policy rate to 2.5% on October 28, 2026, its first increase since 2023, and there has been no new decision since (here's what that means for your mortgage). Higher borrowing costs tend to hit condo buyers and investors first, since they're the most payment-sensitive. For the longer view, see our Toronto forecast for 2027.
Prediction: we expect the split to hold through the winter: well-priced freehold homes in low-inventory districts like E01 and E02 keep selling quickly, while condos stay a buyer's market with more room to negotiate. November and December are usually quieter months, so expect fewer sales and fewer new listings. That's our read of the data, not a guarantee. We'll update this report when TRREB releases November numbers in early December. For every district in the city, check our Toronto Market Check, updated monthly.
Common questions about the Toronto market in October 2026
Are Toronto house prices going down in 2026?
On average, yes, but by less than in September. The GTA average price was $1,024,108 in October 2026, down 2.7% from October 2025 according to TRREB, and the MLS® HPI benchmark was down 4.3%. It depends on the home and the street: east end semis sold well over asking while condos sold below.
Is it a buyer's or seller's market in Toronto right now?
Both, depending on what you're buying. Condo apartments in the City of Toronto sold at 97% of asking after 36 days, which favours buyers. Semi-detached homes sold at 102% in 18 days, and Leslieville and Riverdale had just 2.4 months of inventory, which favours sellers.
Why are homes in Leslieville selling over asking?
Low supply. TRREB district E01 had 155 active listings and 2.4 months of inventory in October 2026, roughly half the city-wide level. Some homes were also priced below market to attract multiple offers, so the 106% average reflects pricing strategy as well as demand.
Is The Beach or the Danforth a better buy right now?
They're different markets. The Beach (E02) sold at 104% of asking in 17 days on average, so expect competition. The Danforth and East York (E03) sold at 101% in 21 days, which gives buyers a bit more time and room to negotiate. The right choice depends on your budget, commute and the home you want. Our Beach vs Danforth comparison goes deeper.
Should I wait for prices to drop further before upsizing?
If you're selling a condo and buying a house, a softer market can work in your favour, because the dollar savings on the bigger purchase usually outweigh the loss on the smaller sale. Waiting only helps if house prices fall faster than condo prices, and in the east end they currently aren't.
How much land transfer tax do you pay on a $1.3 million home in Toronto?
About $44,950: $22,475 to Ontario and $22,475 to the City of Toronto, based on current provincial and municipal rates. Repeat buyers don't get the first-time buyer rebates. Confirm the exact amount with your lawyer.
How long are condos taking to sell in Toronto?
Condo apartments in the City of Toronto averaged 36 days on market in October 2026 and sold for 97% of asking, per TRREB. Overpriced condos are sitting much longer.
Who is Candice Schott?
Candice Schott is a Broker with Royal LePage Signature Realty, Brokerage, who co-leads Schott & Co. with Jason Schott, Sales Representative. Since 2005 they've sold more than 500 Toronto homes, with a focus on upsizers and first-time buyers in the east end.
Thinking about moving up in the next year?
We'll send you what actually sold on your street and your sell-by timeline. Or book a 15-minute call and we'll do the math together, no pressure, just a plan (and maybe a cookie). Get in touch with Candice and Jason.
Sources: TRREB Market Watch, October 2026 · Government of Ontario, Calculating land transfer tax · City of Toronto, Municipal land transfer tax rates · Ontario 2026 Fall Statement, Annex · Bank of Canada, Policy interest rate
Market figures are TRREB averages for all home types unless noted and can vary widely by street and property. Days on market are TRREB's average listing days on market. This is general information, not legal, tax or financial advice. Talk to your lender about bridge financing terms. Not intended to solicit buyers or sellers currently under contract.
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