Canada's Housing Markets in September 2026: 11 Markets Compared
By the HousingPortal.ca team · Published October 8, 2026
In September 2026, the average home price was higher than a year earlier in 7 of the 11 markets we track and lower in 4. The biggest yearly gain was in Quebec City (+6.8%), the biggest drop in Hamilton (-8%). The most expensive market was Greater Vancouver, at an average of $1,225,426, and the least expensive Winnipeg, at $429,708. Sales were lower than a year earlier in all 11 markets. Of the 9 markets with a sales-to-listings reading, five leaned toward buyers and four were balanced.
The Markets at a Glance
| Market | Average Price | Yearly Change | Sales | Yearly Change | Conditions | Report |
|---|---|---|---|---|---|---|
| Greater Toronto Area | $1,006,409 | -5.1% | 5,040 | -9% | Buyer's market | September 2026 |
| Waterloo Region | $702,817 | -6.6% | 413 | -18.7% | Buyer's market | September 2026 |
| Hamilton | $714,420 | -8% | 376 | -22.6% | Buyer's market | September 2026 |
| Burlington | $1,064,663 | +0.4% | 146 | -14.1% | Buyer's market | September 2026 |
| Montreal | $683,074 | +0.9% | 3,082 | -11.6% | Balanced | September 2026 |
| Quebec City | $510,946 | +6.8% | 776 | -4.7% | Balanced | September 2026 |
| Greater Vancouver | $1,225,426 | -2.3% | 1,717 | -8.4% | Buyer's market | September 2026 |
| Nova Scotia | $463,312 | +1.2% | 929 | -6.4% | n/a | September 2026 |
| Edmonton | $466,080 | +2.9% | 1,959 | -10.3% | Balanced | September 2026 |
| Calgary | $646,198 | +4.9% | 1,650 | -3.8% | Balanced | September 2026 |
| Winnipeg | $429,708 | +4.9% | 1,121 | -10.1% | n/a | September 2026 |
Greater Toronto Area
In September 2026, the average home in the Greater Toronto Area sold for $1,006,409, down 5.1% from September 2025 and up 1.3% from August 2026. 5,040 homes sold, down 9% from September 2025. Over the last 12 months, sales ran at 37.8% of new listings, which points to a buyer's market (below 40%). Homes took 34 days on average to sell, 3% longer than a year earlier.
Biggest yearly price changes in the Greater Toronto Area
Up the most
- Davisville Village & Midtown Toronto +20.8%, average $1,114,261 on 54 sales
- The Annex & Yorkville +9.4%, average $1,773,011 on 58 sales
- Forest Hill South & Oakwood–Vaughan +6.7%, average $1,774,707 on 40 sales
Down the most
- Cabbagetown & St. Lawrence Market -20.3%, average $646,347 on 146 sales
- York & Glen Park -15.6%, average $677,004 on 54 sales
- Bedford Park & Lawrence Manor -14.4%, average $2,176,506 on 54 sales
Waterloo Region
In September 2026, the average home in Waterloo Region sold for $702,817, down 6.6% from September 2025 and down 2.8% from August 2026. 413 homes sold, down 18.7% from September 2025. Sales came to 34% of new listings, which points to a buyer's market (below 40%). Homes took 33 days on average to sell, 3.1% longer than a year earlier.
Biggest yearly price changes in Waterloo Region
Hamilton
In September 2026, the average home in Hamilton sold for $714,420, down 8% from September 2025 and down 3.4% from August 2026. 376 homes sold, down 22.6% from September 2025. Sales came to 36% of new listings, which points to a buyer's market (below 40%). Homes took 46 days on average to sell, 15% longer than a year earlier.
Full Hamilton report →Burlington
In September 2026, the average home in Burlington sold for $1,064,663, up 0.4% from September 2025 and up 2.1% from August 2026. 146 homes sold, down 14.1% from September 2025. Sales came to 38% of new listings, which points to a buyer's market (below 40%). Homes took 34 days on average to sell, 5.6% quicker than a year earlier.
Full Burlington report →Montreal
In September 2026, the average home in Montreal sold for $683,074, up 0.9% from September 2025 and down 1% from August 2026. 3,082 homes sold, down 11.6% from September 2025. Sales came to 41% of new listings, which points to a balanced market (between 40% and 60%). Single-family homes took 41 days on average to sell, 2.5% longer than a year earlier.
Biggest yearly price changes in Montreal
Up the most
- Laval +5.9%, average $673,776 on 288 sales
- Saint-Jean-sur-Richelieu +3%, average $580,434 on 89 sales
- South Shore of Montreal +2.1%, average $653,781 on 746 sales
Down the most
- Vaudreuil-Soulanges -2.6%, average $617,174 on 171 sales
- Island of Montreal -0.3%, average $770,912 on 1,104 sales
Quebec City
In September 2026, the average home in Quebec City sold for $510,946, up 6.8% from September 2025 and up 4.4% from August 2026. 776 homes sold, down 4.7% from September 2025. Sales came to 55% of new listings, which points to a balanced market (between 40% and 60%). Single-family homes took 32 days on average to sell, 68.4% longer than a year earlier.
Biggest yearly price changes in Quebec City
Up the most
- South Shore of Quebec City +9.2%, average $468,104 on 129 sales
- Northern Periphery of Quebec City +5.9%, average $588,653 on 108 sales
- Agglomeration of Quebec City +5.1%, average $505,629 on 539 sales
Greater Vancouver
In September 2026, the average home in Greater Vancouver sold for $1,225,426, down 2.3% from September 2025 and up 0.8% from August 2026. 1,717 homes sold, down 8.4% from September 2025. Sales came to 10% of the homes for sale, below the 12% under which the board sees downward pressure on prices.
Biggest yearly price changes in Greater Vancouver
Down the most
- Port Coquitlam -8.2%, benchmark $835,500 on 55 sales
- New Westminster -8.2%, benchmark $719,600 on 76 sales
- West Vancouver -7.4%, benchmark $2,244,700 on 60 sales
Nova Scotia
In September 2026, the average home in Nova Scotia sold for $463,312, up 1.2% from September 2025 and down 0.9% from August 2026. 929 homes sold, down 6.4% from September 2025.
Biggest yearly price changes in Nova Scotia
Up the most
- Annapolis Valley +1.2%, average $385,741 on 142 sales
- Cape Breton +0.5%, average $271,364 on 70 sales
- Halifax-Dartmouth +0.4%, average $585,650 on 434 sales
Down the most
- Highland Region -17.3%, average $297,671 on 43 sales
- South Shore -12%, average $440,308 on 99 sales
- Northern Nova Scotia -1.9%, average $328,212 on 123 sales
Edmonton
In September 2026, the average home in Edmonton sold for $466,080, up 2.9% from September 2025 and down 0.7% from August 2026. 1,959 homes sold, down 10.3% from September 2025. Sales came to 51% of new listings, which points to a balanced market (between 40% and 60%). Homes took 44 days on average to sell, 12.8% longer than a year earlier.
Biggest yearly price changes in Edmonton
Up the most
- City of Edmonton +3.5%, average $434,888 on 1,299 sales
Down the most
- Beaumont -3.4%, average $546,989 on 33 sales
Calgary
In September 2026, the average home in Calgary sold for $646,198, up 4.9% from September 2025 and up 1.3% from August 2026. 1,650 homes sold, down 3.8% from September 2025. Sales came to 49% of new listings, which points to a balanced market (between 40% and 60%). Homes took 44 days on average to sell, 4.8% longer than a year earlier.
Biggest yearly price changes in Calgary
Up the most
- Foothills Region +15.5%, average $883,889 on 121 sales
- Rocky View Region +9.4%, average $892,698 on 121 sales
- Wheatland Region +6.8%, average $551,431 on 32 sales
Down the most
- Mountain View Region -10%, average $526,865 on 54 sales
- Airdrie -4.2%, average $522,989 on 115 sales
- Bighorn Region -1.1%, average $1,148,714 on 49 sales
Winnipeg
In September 2026, the average home in Winnipeg sold for $429,708, up 4.9% from September 2025 and up 4% from August 2026. 1,121 homes sold, down 10.1% from September 2025.
Biggest yearly price changes in Winnipeg
Up the most
- Outside Winnipeg +7.9%, average $435,287 on 342 sales
- City of Winnipeg +3.5%, average $427,258 on 779 sales
About These Figures
Every figure comes from the September 2026 report of each market's local real estate board: Toronto Regional Real Estate Board (TRREB) Market Watch, Cornerstone, QPAREB, GVR, NSAR, RAE, CREB and WRREB. Yearly changes compare with September 2025. An average price depends on which homes happened to sell, so it can swing from month to month; the areas listed above each had at least 30 sales. Greater Vancouver's areas are compared on the MLS® Home Price Index benchmark, which adjusts for the mix of homes sold.
Market conditions read the sales-to-new-listings ratio the way the Canadian Real Estate Association does: under 40% favours buyers, over 60% favours sellers. Greater Vancouver is read on sales against active listings, the board's own measure.