As of early September 2026, the Toronto and GTA housing market is showing early signs of waking up after a quiet summer. New listings are down, some buyers are back, and conditions have shifted away from a clear buyer's market. It is not a boom, and pricing still decides which homes sell.
I am Moe Asgarian, a real estate broker in Toronto, and at the end of August 2026 my team and I were already seeing the change in our own deals. Last year at this time we were not running into this many bidding wars. That is not the same as a hot market, but it is not something to ignore either.
Fall Is the Second Spring in the Toronto Market
Plenty of people in Toronto and the GTA call fall the second spring. Schools reopen, families settle back into routine, and after the summer lull the market finds a new gear. Sellers who could not get their home sold in the spring give it another try, usually hoping to sell before winter, buy the next place and get settled. For buyers, fall normally means more choice and more variety, and homes that sat through the summer often come back with a lower price.
New Listings Are Down, and That Changes the Math
The clearest signal going into fall 2026 is supply. According to TRREB, the Toronto Regional Real Estate Board, about 14,484 new properties came to market in July 2026, which was 17.8% below July of the year before. This is not a one month blip either. Across 2026 the flow of new listings has been weaker than usual. If that keeps up through the fall while more buyers come back, competition for the better homes gets sharper.
Millennial Buyers Are Returning, Including in Mississauga
CMHC has reported that GTA conditions recently moved from a buyer's market toward something more balanced. One group driving that is younger buyers, millennials in particular, and part of that demand shows up in places like Mississauga. These are people who waited a long time for a chance at a low rise home in the area at a price that made sense, and some of them are finally acting on it.
This Is Not the Pandemic Market: Pricing Decides Everything
Buyers coming back is not the same as the pandemic market coming back. Today's buyer is far more selective and will not chase a property at any price. In a fall market, pricing is the whole game. List even slightly above true market value and the home can sit for weeks. Meanwhile a well kept, renovated home in a neighbourhood people want can pull several buyers at once. One house gets multiple offers and another a few streets away goes quiet. If listings stay low and demand builds through the fall, that combination can stop prices from falling further, and in some segments prices could start moving up again.
The Brake: Economic Uncertainty and the Condo Market
There is still a real obstacle, and it is not the housing market itself. Economic uncertainty remains high. The trade fight between Canada and the United States has a lot of buyers unsure about the economy, their jobs and their income, so plenty of them would rather wait than risk overpaying. I would also separate the two markets. Most of this optimism belongs to freehold. The condo market is still carrying heavy supply, so even if the GTA overall gets busier this fall, condos can stay slow. As of September 2026 I would not call this a new boom in Toronto. I would call it a market that has stopped tilting so far in the buyer's favour.
If you are thinking about selling this fall, or you want to know what your budget really buys in today's market, fill out the form at the bottom of this page or book a free consultation. Stay well and take care.
Frequently asked questions
Is fall a good time to sell in Toronto?
Fall is often called the second spring in the Toronto and GTA market, because families return to routine after the summer and activity picks up. Going into fall 2026, new listings were down and some buyers were returning, which helps sellers, but only if the home is priced at true market value.
How many new listings came to the GTA market in July 2026?
About 14,484 new properties were listed in July 2026 according to TRREB, which was 17.8% below the same month a year earlier. New listing volumes had been running weaker than usual through 2026 as a whole.
Are Toronto condos recovering along with the rest of the market?
Not at the same pace. As of September 2026 the condo market is still working through heavy supply, so it can stay slow and quiet even in a fall where freehold homes across the GTA get more active.
Read us often? Add Team Asgarian to your preferred sources on Google. (opens in a new tab)