Ontario MLS® home sales and new listings soften year over year
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 13,340 units in September 2026. This was a decrease of 8.3% from September 2025.
Home sales were 0.8% below the five-year average and 21% below the 10-year average for the month of September.
On a year-to-date basis, home sales totalled 122,756 units over the first nine months of the year. This was a small reduction of 3.2% from the same period in 2025.
Nationally, home sales activity posted a decline of 7.7% from year-ago levels in September 2026.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $736,300 in September 2026, a minor decrease of 3.9% compared to September 2025.
The benchmark price for single-family homes was $814,900, a small reduction of 3.8% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $581,400, falling by 6% compared to a year earlier, while the benchmark apartment price was $484,900, a decline of 6.2% from year-ago levels.
The average price of resale residential homes sold across the province in September 2026 was $791,691, decreasing by 4.3% from September 2025.
The more comprehensive year-to-date average price was $813,003, a modest decline of 3.1% from the first nine months of 2025.
The national average price, by comparison, marked a minor decrease of 1.6% on a year-over-year basis to $666,538 in September 2026.
The number of new listings on MLS® Systems of real estate boards in Ontario saw a decrease of 10.3% from September 2025. There were 39,261 new residential listings in September 2026.
New listings were 3.1% above the five-year average and 8.3% above the 10-year average for the month of September.
Active residential listings numbered 72,643 units on the market at the end of September, a moderate decrease of 4.2% from the end of September 2025.
Active listings were 17.8% above the five-year average and 39.8% above the 10-year average for the month of September.
Months of inventory numbered 5.4 at the end of September 2026, up from the 5.2 months recorded at the end of September 2025 and above the long-run average of 3.4 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in the province in September 2026 was $10.6 billion, down sharply by 12.3% from the same month in 2025.
1 Oakville-Milton, Greater Toronto
2 Cornwall, Kingston and Area, Ottawa, Renfrew County, Rideau-St. Lawrence
3 Bancroft & District, Barrie & District, Kawartha Lakes, Lakelands, Northumberland Hills, Peterborough and the Kawarthas, Quinte & District
4 North Bay, Sault Ste. Marie, Sudbury, Thunder Bay, Timmins, Cochrane & Timiskaming Districts
5 Brantford Region, Guelph & District, Hamilton-Burlington, Kitchener-Waterloo, Niagara Region, Simcoe, and Cambridge
6 Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London & St. Thomas, Sarnia-Lambton, Windsor-Essex, Woodstock-Ingersoll-Tillsonburg
BOARD & ASSOCIATION INFORMATION
The Ontario Real Estate Association represents nearly 100,000 brokers and salespeople who are members of the 29 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of support services, educational programs, advocacy, standard forms, and other offerings.
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Jean-Adrien Delicano
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JeanAdrienD@orea.com
Kimberly Fairley
