September Market Update - 2026
The September Market stats have been released. Here is what we can learn from them.
September can often see a small final spike in sales before things typically slow down for the fall. Sales tend to slow for many factors - mostly to do with the time of year. The closer we get to Christmas, the more buyers hit pause on house hunting. Why am I talking about Christmas when it’s only October? What am I, Home Sense? I know it seems strange. But if you were to purchase a home today (October 16th), a very quick 30-day closing period puts your move-in date around November 16th; 60 days pushes your move-in to less than 10 days before Christmas. Whether you celebrate Christmas or not, this can be a busy time of year for many families with kids on winter break. We also have the weather changes. Strictly speaking, people do not like to move in the winter if they can avoid it.
All this to say, I expect September stats to show a small increase: buyers who were looking through the summer have finally found their new home, and others are locking in because they know they need to be in before winter. Then things taper off again for the duration of the year. However, what we saw was a decline in sales month over month of 5%, year over year of 9% and a significant 14% decrease in new listings.
Am I surprised? Yes and no. I would have liked to see the urgency of the September market reflected in the monthly statistics. However, this all feels very typical of the last couple of years. What isn’t reflected in the stats, however, is what I can speak to anecdotally. In my experience working with buyers and sellers, there are very serious buyers out there. Homes can sell very quickly if they are priced right and presented well. The homes I see moving the quickest are those appealing to buyers who have to move: first-time home buyers and downsizers. Homes that appeal and are affordable to young couples buying their first home together or families that have outgrown their rentals. Seniors looking for more accessible housing.
Where I can see challenges are homes in less easily commutable areas. Areas that became very desirable a few years ago when remote work was at its peak, and people could get more bang for their buck by moving further from the GTA, are now less appealing with in-office work becoming the norm again. In order to appeal to someone considering adding 20 or more minutes to their commute, the price needs to be right.
The buyers are out there. Both active in the market and on the sidelines - waiting for the time when the prices and economic factors make the choice appealing to them. But the conditions are not the same. We as real estate professionals need to advise our buyers and sellers accordingly to be successful.
The market stats are below. A slow start to Fall, telling us that if you plan to sell in the final months of 2026, we need to be smart. Price it right, and hope to attract the serious buyers who have been waiting for a property like yours.
📍Dufferin
Active Listings ⬆️
Homes Sold ⬇️
Average Days on Market - ⬇️
Average Sales Price ⬇️ $803,576
Average % of List Price - 96%
📍Caledon
Active Listings ⬇️
Homes Sold ⬇️
Average Days on Market ⬆️
Average Sales Price ⬇️ $1,070,154
Average % of List Price - 95%
📍Brampton
Active Listings ⬇️
Homes Sold ⬇️
Average Days on Market ⬇️
Average Sales Price ⬇️ $854,322
Average % of List Price - 97%