York Region Real Estate Market Update | September 2026 TRREB Data

GTA Sales and Prices Were Both Lower Than Last September

The Toronto Regional Real Estate Board (TRREB) released its September 2026 Market Watch report on October 6, 2026. Across the GTA, 5,040 homes sold through TRREB's MLS® System, down 9.0% from September 2025. New listings fell even further, down 14.4%, so sellers held back at least as much as buyers did.

Source: Toronto Regional Real Estate Board, Market Watch, September 2026 (released October 6, 2026).

On a seasonally adjusted basis, TRREB reported that September sales and new listings were both down from August, and that the MLS® HPI Composite and the average selling price edged lower month over month. In plain terms, the market slowed a little more heading into fall rather than picking up.

How Each York Region Town Performed in September

Monthly sales in smaller towns can be low, so a single month's average price can swing with the mix of homes that sold. The MLS® HPI benchmark is the better guide to price direction because it tracks a typical home over time.

Source: TRREB Market Watch, September 2026. Benchmark changes rounded to one decimal place.

Newmarket and Aurora: Newmarket's benchmark fell 9.0%, one of the larger declines in the region, while Aurora's fell 6.8%. Both still had tighter inventory than the York Region average, at 4.2 and 4.9 months. For move-up buyers, that combination of softer prices and steady supply can make a step up more affordable than it was a year ago. If you are weighing a move in either town, our guide to what influences home value in Newmarket, Aurora and Oak Ridges explains why two similar homes can sell for different prices.

East Gwillimbury, Georgina and King: These markets saw the deepest benchmark declines and the most inventory. King had 11.4 months of inventory, which is firmly a buyer's market for higher-end and estate homes. Sellers here need sharp pricing and strong presentation.

Markham, Richmond Hill and Vaughan: The three largest markets accounted for 630 of York Region's 893 sales. Vaughan had the smallest benchmark decline in the region at 5.2%, and Markham had the tightest inventory at 4.1 months.

Economic Uncertainty Is Keeping Buyers Cautious

TRREB's leadership described September as a month where buyers were in a holding pattern. Chief Information Officer Jason Mercer pointed to substantial pent-up demand across the GTA, but said would-be buyers need confidence that their jobs are secure and that inflation will not push borrowing costs higher over the long term.

TRREB President Daniel Steinfeld noted that the upcoming municipal elections will shape local housing policy for the next four years, including decisions on affordability, supply and the costs of buying a home. TRREB CEO John DiMichele called on governments to reduce barriers to ownership, including Toronto's Municipal Land Transfer Tax, and pointed to trade uncertainty and tariffs as ongoing pressures on Canada's economy.

For York Region households, the takeaway is that the slowdown is about confidence more than about borrowing costs alone. Prices are lower than a year ago and rates have been stable, but many buyers are waiting for a clearer economic picture before they commit.

What September's Numbers Mean for Buyers and Sellers

For buyers, this is one of the better negotiating environments York Region has seen in several years. Benchmark prices are lower than a year ago in every York Region town TRREB reports, homes are selling below list price on average, and there is more inventory to compare. If you have been waiting, now is a good time to get pre-approved and start viewing homes so you can move when the right one appears. Our first-time buyer's guide to Newmarket and our renting vs. buying cost comparison are good places to start.

For sellers, the market rewards realistic pricing and strong preparation. With 5.0 months of inventory across York Region, buyers can afford to wait for the right home, and overpriced listings tend to sit. Read how to price your York Region home right the first time, and if offers come in, our guide on how to compare offers on your York Region home covers more than just the price.

Compare this month with last month in our York Region market update for August 2026.

Official Market and Rate Resources

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