Author: Anita Shumlick B.A.

In Late-Q3, local Ontario markets logged 1.1K home sales as activity moderated, while sale prices varied by location, underscoring localized conditions for buyers and sellers.
In one Ontario county, 138 home sales closed at a ~$516K avg. price, alongside 442 new listings and 979 active listings during Late-Q3.
Another Ontario county held steady at 118 sales, while its avg. price eased to ~$635K and homes typically took 60 days to sell.
A third Ontario county had 31 sales, but pricing strengthened to ~$857K, with MoM gains near 27% and yearly gains near 8%.
Industry leaders said these differences showed Ontario housing stayed deeply local, making market specific guidance important and keeping housing issues visible during municipal election season.

Single-family avg. price ↓~2% yearly to $1.86M, while condo, co-op, and linked homes ↓~6% to $865K in Oakville, showing softer current pricing overall.
Single-family sales ↑~19% to 929, but condo, co-op, and linked-property sales ↓~11% to 636; listings also tightened recently across both segments in Oakville.
Oakville stayed balanced with a slight buyer tilt: ~5 mo of inventory gave negotiating room, though saving a down payment remained the top hurdle.
An industry leader said a tax rebate improved affordability, drew buyers and investors, boosted new construction interest, and pressured comparable resale pricing most in condos.
For the rest of 2026, avg. sale prices are expected to stay flat or ↑~1% versus 2025, while sales are expected to ↑~3% in Oakville.

By Q2 2026, avg. days on market had increased yearly across home types in Southern Ontario, marking a slower pace than the 2022 peak.
Condos took longest to sell in Q2 2026, averaging 36 days versus ~32 in Q2 2025, while elevated inventory gave buyers more negotiating room.
Single-family homes moved faster than condos: semi-detached averaged 20 days, detached 25, and townhouses ~24, with townhouses showing the smallest yearly increase.
An economist said townhouses appeared more resilient because they appealed to downsizers and first-time buyers seeking an option between detached homes and condos.
The contrast was sharp: at the Early-Q1 2022 peak, detached homes sold in nine days, while semi-detached homes and townhouses took ~1 week.

Canadian borrowers could continue facing affordability pressure as borrowing costs remain elevated and economic uncertainty shapes the housing market.
Rate relief could improve affordability, but its impact will depend on inflation, economic conditions, and the Bank of Canada’s policy path.
Buyers may remain cautious, while higher financing costs continue influencing purchasing power, refinancing decisions, and overall housing demand.
For borrowers and investors, planning around current financing conditions remains important rather than relying entirely on future rate declines.

Oakville — Most Expensive homes for September 2026.

Listings (sorted by price):
1. Listing W13030806 — $23,980,000
2. Listing W13728088 — $15,900,000
3. Listing 40809997 — $13,500,000
4. Listing 40857885 — $13,500,000
5. Listing W13723478 — $13,500,000
6. Listing 40838815 — $12,000,000
7. Listing W13475920 — $12,000,000
8. Listing W13754954 — $10,950,000
9. Listing W13430514 — $10,900,000
10. Listing W13738344 — $10,900,000
11. Listing W13448452 — $10,880,000
12. Listing 40857946 — $9,995,000
13. Listing W13707486 — $9,995,000
14. Listing W13765232 — $9,180,000
15. Listing W13643716 — $7,998,000