{
  "id": 12415519,
  "title": "Greater Toronto home sales in September down from year ago, average price also lower",
  "url": "https://urgent.news/2026/10/06/greater-toronto-home-sales-in-september-down-from-year-ago-average-12415519",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-06T15:44:56.000Z",
  "source": {
    "name": "Global News",
    "slug": "global-news-globalnews",
    "url": "https://globalnews.ca/news/12089630/toronto-area-september-2026-home-sales/"
  },
  "original_language": "en",
  "account": "Home sales in the Greater Toronto Area (GTA) saw a decline in September compared to the previous year, according to the Toronto Regional Real Estate Board (TRREB). The board reported that 5,040 homes were sold last month, marking a nine percent decrease from September 2022. The average selling price for the month was $1,006,409, which also fell short of last year's average price of $1,060,036. The composite benchmark price, which aims to reflect the typical home value, experienced a 4.7 percent drop year-over-year. Market analysts suggest that factors such as economic uncertainty, high inflation rates, rising borrowing costs, and geopolitical tensions have contributed to the cautious approach of homebuyers in the GTA. The ongoing tensions between the United States and Middle Eastern nations, coupled with a surge in gas prices, have further dissuaded potential buyers from entering the market. Additionally, with municipal elections scheduled for October 26 in Ontario, including the GTA, housing has emerged as a top concern for voters. The upcoming elections will likely influence housing policies for the next four years, as the decisions made by future mayors and councillors regarding affordability, housing supply, and home buying costs could significantly impact buyer demand and market confidence.",
  "summary": "Renewed tensions with the United States and a surge in gas prices amid an ongoing war in the Middle East have kept potential buyers on the sidelines in recent months.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "CityNews",
        "title": "Greater Toronto home sales in September down from year ago, average price also lower",
        "url": "https://urgent.news/2026/10/06/greater-toronto-home-sales-in-september-down-from-year-ago-average-12368576",
        "published": "2026-10-06T10:51:18.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Greater Toronto home sales in September down from year ago, average price also lower",
        "url": "https://urgent.news/2026/10/06/greater-toronto-home-sales-in-september-down-from-year-ago-average",
        "published": "2026-10-06T10:51:18.000Z"
      },
      {
        "outlet": "Global News",
        "title": "Greater Toronto home sales in September down from year ago, average price also lower",
        "url": "https://urgent.news/2026/10/06/greater-toronto-home-sales-in-september-down-from-year-ago-average-12413202",
        "published": "2026-10-06T15:44:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}