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GTA Realtor · Weekly news · Sep 30 – Oct 11, 2026

This Week in Toronto Real Estate

What happened in GTA real estate this week? This issue covers 9 stories from Sep 30 – Oct 11, 2026, drawn from public sources including TRREB, Global News, Canadian Mortgage Trends, STOREYS, each linked to the original.

Nine stories from two weeks, Sept. 30 to Oct. 11: TRREB's September numbers show sales down again; fixed rates climbed, then paused after a weak jobs report cut the odds of a near-term rate hike; plus new-home tax relief, Toronto's free multiplex plans, Ontario's housing target and rising rent arrears.

9 STORIES

In this issue

  1. TRREB: GTA sales fell 9% year over year in September to 5,040
  2. Two-thirds of GTA condo apartments sold for under $600,000 in September
  3. Fixed mortgage rates climbed for a month, then paused after a weak jobs report
  4. Bank of Canada deputy says interest rates won't target house prices
  5. Poll: 54% of Canadians expect inflation to be higher a year from now
  6. New-home tax relief for first-time buyers could total up to $130,000
  7. Toronto releases free pre-approved fourplex and sixplex plans
  8. Toronto Region Board of Trade says Ontario's goal of at least 1.5 million homes is out of reach
  9. More GTA tenants are falling behind on rent; Ontario non-payment eviction filings up about 20% in three years
THIS WEEK

The news

01
Market Data

TRREB: GTA sales fell 9% year over year in September to 5,040

GTA REALTORS® reported 5,040 sales through TRREB's MLS® System in September, down 9% from a year earlier, while new listings fell 14.4% to 16,500. The MLS® HPI composite benchmark was down 4.7% year over year and the average selling price, $1,006,409, was down 5.1%; on a seasonally adjusted basis, sales and new listings were down from August, and the benchmark and average price edged lower. TRREB's Jason Mercer said many households intend to buy but need confidence in their jobs and in long-term borrowing costs. Bloomberg reported seasonally adjusted sales down 5.2% from August.

Sources: TRREB · Oct 6 · Economic Uncertainty Kept GTA Homebuyers on the Sidelines in September ↗
Global News (The Canadian Press) · Ritika Dubey · Oct 6 · Greater Toronto home sales in September down from year ago, average price also lower ↗
Canadian Mortgage Trends (Bloomberg) · Ari Altstedter · Oct 6 · Toronto home prices fall for a second month as loan costs rise ↗

02
Market Data

Two-thirds of GTA condo apartments sold for under $600,000 in September

Of the 1,316 condo apartments sold across the GTA in September, 893 (67.9%) went for under $600,000 and 594 for under $500,000, according to STOREYS' analysis of TRREB data. The average condo price was $605,257, down 7.7% year over year, the steepest drop of the four main housing types; in the City of Toronto it was $640,248 (down 6.1%) and in the 905 area $533,654 (down 12%). The article notes these are averages of what sold, shaped by the mix of units, not a measure of how much any one condo lost.

Source: STOREYS · Daniel Foch · Oct 6 · Two Thirds Of GTA Condos Sold For Less Than $600K In September ↗

03
Rates & Mortgages

Fixed mortgage rates climbed for a month, then paused after a weak jobs report

Canada's five-year bond yield has risen from about 2.6% before the Iran war began to above 3.6%, and CIBC and TD raised select three- and five-year fixed rates, joining other major lenders that have increased rates in recent weeks, Canadian Mortgage Trends reported; overnight index swaps price about 100 basis points of Bank of Canada hikes over the next 12 months. On Oct. 9 the Financial Post reported that a second straight month of steep job losses and rising unemployment had cut the odds of a near-term hike and given fixed rates a breather — though locking in still costs about 50 basis points more than in mid-September — and that most economists expect the Bank to hold in October.

Sources: Canadian Mortgage Trends · Oct 1 · Fixed mortgage rates continue to climb as borrowers weigh the variable discount ↗
Financial Post · Robert McLister · Oct 9 (subscription may be required) · Weak jobs report eases pressure on fixed mortgage rates ↗

04
Rates & Mortgages

Bank of Canada deputy says interest rates won't target house prices

Senior Deputy Governor Carolyn Rogers said in a speech in Victoria that housing should be an input to rate decisions, not a target: aiming interest rates at house prices would ask monetary policy to do more than it can and risk imposing costs on the wider economy, she said, and low, stable and predictable inflation plus policies that add supply are the better answer, Bloomberg reported. The policy rate is 2.25%, the next decision is Oct. 28, and swaps put the odds of a hike at that meeting at about 40%.

Source: Canadian Mortgage Trends (Bloomberg) · Erik Hertzberg · Oct 1 · Bank of Canada won’t target house prices with interest rates ↗

05
Rates & Mortgages

Poll: 54% of Canadians expect inflation to be higher a year from now

A Nanos Research Group poll for Bloomberg found 54% of Canadians expect year-over-year CPI inflation to be higher than the current 3% a year from now, about a third expect it to be about the same, and 7% expect it to be lower, Bloomberg reported. Bloomberg called the results a potentially worrying sign for the Bank of Canada as it weighs hikes; inflation has hovered near 3%, the top of the Bank's control range, for months since the Iran war drove up energy prices in February.

Source: Canadian Mortgage Trends (Bloomberg) · Laura Osman, Erik Hertzberg · Oct 6 · Canadians expect higher inflation as Bank of Canada weighs hikes ↗

06
Policy & Taxes

New-home tax relief for first-time buyers could total up to $130,000

An eligible first-time buyer can recover the full federal GST, or federal part of the HST, up to $50,000 on a new home priced at $1 million or less, with the rebate shrinking between $1 million and $1.5 million and disappearing above that, Canadian Mortgage Trends explained. The article says Ontario has proposed a separate first-time-buyer rebate covering the full 8% provincial portion of the HST, up to $80,000, with eligibility conditions and an agreement window aligned with the federal rebate; with the federal maximum it would bring potential relief to $130,000. Separately, a temporary Ontario Enhanced New Housing Rebate is open to eligible buyers whether or not they are first-time buyers. The article cautions that qualifying is not the same as having the money at closing.

Source: Canadian Mortgage Trends · Oct 5 · New-home rebates can reach $130,000, but will the money be there at closing? ↗

07
Supply & Planning

Toronto releases free pre-approved fourplex and sixplex plans

The City of Toronto has added fourplex and sixplex designs to its Pre-Approved Building Plans Program, which already covered garden and laneway suites: offered to owners at no cost — two fourplexes and two sixplexes, each for narrow or wide lots, according to STOREYS. Fourplexes are permitted city-wide and sixplex permissions depend on location; a multiplex that meets zoning can go straight to a building permit without the Committee of Adjustment. LGA Architectural Partners drew the plans; site-specific work still needs qualified professionals, and any modification voids the pre-approval.

Sources: City of Toronto · Oct 2 · City of Toronto introduces pre-approved multiplex designs, making it easier to build more homes faster ↗
STOREYS · Oct 5 · Toronto Rolls Out Free Pre-Approved Plans For Fourplexes, Sixplexes ↗

08
Supply & Planning

Toronto Region Board of Trade says Ontario's goal of at least 1.5 million homes is out of reach

The Toronto Region Board of Trade says Ontario's 2022 goal of at least 1.5 million new homes by 2031 cannot be met even if production rises, projecting a shortfall of more than 550,000 homes against the needed pace by 2029, Canadian Mortgage Trends reported. It recommends a provincewide zoning code under which townhouses and multiplexes proceed without special approval, with provincewide limits on the rules that most often block housing, such as parking, setbacks, height and density, and building-code changes such as single-stair buildings up to six storeys and smaller elevators in small buildings, provided safety and accessibility are still prioritized.

Source: Canadian Mortgage Trends · Oct 1 · Toronto board of trade calls for regulatory reforms to spur housing growth ↗

09
Rentals

More GTA tenants are falling behind on rent; Ontario non-payment eviction filings up about 20% in three years

Applications to evict tenants for non-payment of rent (L1s) at Ontario's Landlord and Tenant Board rose from 37,690 in 2022-23 to 45,435 in 2024-25, about 20% in three years, and now make up roughly half of all applications, CBC News reported. Grants from the Toronto Rent Bank grew from $6.4 million in 2022 to $8.8 million last year, and Gladys Wong, executive director of the Neighbourhood Information Post, which runs it, says arrears of more than $10,000 or $15,000 are now common; in Peel Region, requests for housing supports rose 78% since 2022 and the subsidized housing waitlist reached 37,060 households.

Source: CBC News · Talia Ricci · Oct 7 · More GTA tenants falling behind on rent as housing costs outpace incomes ↗

Following AI too? AZ Agents News ↗ is Arthur’s AI news brief, updated twice a day (in Chinese).

Summaries on this page are drafted with AI assistance and checked against each original; they restate the reporting only, are not the views of Arthur Zhao or Bay Street Group, and are not investment, legal or tax advice. Where a summary and its source differ, the source governs. News content remains the copyright of its authors and publishers.

← Previous：Sep 23–29, 2026　·　All issues

FAQ

How are the stories in this brief chosen?

Every week we collect from 20 public sources — including the Bank of Canada, Statistics Canada, the Department of Finance, the Ontario and Toronto governments, TRREB, CREA and major business and local newsrooms — rank them by how much they matter to people buying, selling or renting in the GTA, and Arthur Zhao makes the final selection.

Who writes the summaries, and are they advice?

Summaries are drafted with AI assistance, state only what the original reporting says, and are checked line by line against the source before publishing, with the outlet, author and a link to the original. They are not investment, legal or tax advice; read the original and talk to the right professional before acting on anything.

How often is it updated, and where are past issues?

One issue a week, usually on Monday, covering the news since the previous issue. Every past issue stays on the Toronto Real Estate News archive page.

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