The monthly briefing on the markets you call home · October 2026 |
 | MONTHLY BRIEFING · VOL. 02 |
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LOCAL MARKET INTELLIGENCE Your market.
Your next move. Fresh numbers. Clear context. Smart questions to ask, from Toronto to Vaughan, Richmond Hill and Newmarket. | OCTOBER 2026 · MARKET BRIEFING |
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Welcome to your October Market Update. TRREB reports that uncertainty around inflation, borrowing costs and the economy kept many GTA buyers on the sidelines in October, and the Bank of Canada raised its policy rate. Below, we translate the newest data into useful local insight and what to watch next. |
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01 / MARKET PULSE GTA at a Glance October 2026 · Toronto Regional Real Estate Board · all home types 5,603 Homes sold -7.9% year over year | | $1.024M Average selling price -2.7% year over year | | | -4.3% MLS® HPI benchmark change MLS® HPI Composite benchmark, year over year | | 25,098 Active listings GTA / TRREB areas |
| | The story behind the statistics: Sales and prices remain below last year's levels, but on a seasonally adjusted basis TRREB reports that sales and prices edged up from September. Local comparables still matter most. |
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 | A closer look at the places we call home. |
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02 / YOUR NEIGHBOURHOODS Four markets. Four stories. October 2026 · all home types combined · average selling price is not an estimate of any particular home's value. | AREA | AVG. SOLD PRICE | SALES | | Toronto | $1,075,627 | 2,184 | | Vaughan | $1,201,704 | 263 | | Richmond Hill | $1,193,772 | 185 | | Newmarket | $959,094 | 98 |
| | Interested in another area? Reply with your city or neighbourhood (Aurora, Markham, King City, or anywhere across the GTA) and we can prepare a personalized market snapshot for you. |
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JUST SOLD · OUR LISTING 86 Golden Trail, Vaughan | LISTED AT $1,169,888 | SOLD FOR $1,310,000 | DAYS ON MARKET 16 |
Sold over asking in just 16 days. Listed at $1,169,888 and sold for $1,310,000, this three-storey freehold townhouse on a ravine lot in Vaughan's Patterson community found its new owners quickly. Congratulations to the sellers, and welcome home to the new owners! Thinking about selling in Vaughan or York Region? Let's talk about what your home could achieve in today's market. Sold price as reported on MLS®. Every home and market is different; past results do not guarantee future results. |
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03 / RATES & AFFORDABILITY Interest Rate Watch 2.50% Bank of Canada policy rate
Raised 0.25% on October 28, 2026 | NEXT SCHEDULED DECISION December 9 2026 · next scheduled announcement |
The policy rate influences borrowing conditions but is not itself a mortgage rate. Fixed mortgage rates follow bond yields and lenders' funding costs, and variable rates follow lenders' prime rates, so they can move independently of the Bank of Canada. Source: Bank of Canada, October 28, 2026. |
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| | What could move the market next? Inflation, employment, borrowing costs and housing supply all matter. There is no guaranteed direction for home prices. This outlook is general commentary and scenario-based, not a prediction of a certain outcome. |
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04 / PRACTICAL PERSPECTIVE What it means for you 
For buyers With the policy rate now higher, re-check your pre-approval and monthly budget before you shop. Compare recent local sales, not only asking prices. More choice may help in some segments, but well-positioned homes still attract competition. | | For sellers Price to your current micro-market. Preparation, presentation, marketing and timing all matter. A realistic strategy is more useful than relying on last year's peak comparable. |
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“Clarity today. Confidence for your next move.” RE/MAX VIP TEAM · OUR EDITORIAL APPROACH |
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05 / WHAT TO WATCH Dates on our radar | | December 9, 2026 · Next Bank of Canada interest rate announcement. |
| | Next TRREB Market Watch · Release date to be announced by TRREB. |
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Sources and methodology: TRREB, Market Watch October 2026 (released November 4, 2026), pages 1 and 3 (GTA figures and four municipalities, all home types; Toronto = City of Toronto); Bank of Canada, October 28, 2026 policy announcement, which also confirms the December 9, 2026 announcement date. Statistics are preliminary and subject to revision. Figures are reported averages, not predictions or property valuations. General information only, not financial or legal advice. Sources: TRREB · Bank of Canada. |
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Let's make your next move clearer. Thinking about buying or selling? Interested in a different city or a specific property type? Reply to this email and we'll prepare a focused local market review. |
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Follow RE/MAX VIP TEAM Market updates • Local news • Real estate tips |
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| | | Andrei Baiborodin Sales Representative | RE/MAX Premier Inc., Brokerage 416-562-3021 | Mila Tcherkhovskaia Broker | | Your neighbourhood. Our expertise. Your next move. |
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RE/MAX VIP TEAM · RE/MAX Premier Inc., Brokerage · 416-562-3021
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