GTA New Home Sales 2026: Monthly Market Report (Low-Rise vs Condos)

As of October 2026, the latest BILD data covers September 2026, when 949 new homes sold in the GTA. Low-rise homes made up 820 of those sales, 17% above the 10-year average, while high-rise sales fell to 129 units, a record low for September. Benchmark prices were $1,246,764 for new low-rise homes and $1,031,574 for new high-rise units, both gross prices that do not reflect the HST rebate.

We update this page every month after BILD (the Building Industry and Land Development Association) publishes its numbers, which are prepared with Altus data. The address stays the same, so you can bookmark it. We refresh the tables and the “as of” date each time. If BILD revises a figure or changes a definition, we follow its latest release.

September 2026 numbers

BILD released its September 2026 report on October 22, 2026.

September 2026	Low-rise	High-rise (incl. condos)	Total
New home sales	820	129	949
Vs. 10-year average	17% above	90% below	52% below (average 1,978 units)
Vs. September 2025	Significant increase	Down 40%, a record low for September	Up significantly
Benchmark price (gross, before HST rebate)	$1,246,764, down 13.3% over 12 months	$1,031,574, unchanged from last year	n/a
Remaining inventory	7,048 homes	12,909 units	19,957 units
Months of supply	About 11 months	About 49 months	n/a

Total sales jumped from a year earlier but were still 52% below the 10-year average. The shortfall is on the high-rise side. Low-rise sales beat their average for the sixth month in a row. High-rise sales were 90% below theirs.

How BILD defines low-rise and high-rise

BILD changed its labels during 2026. Earlier reports compared condominium apartments with single-family homes. Recent reports compare high-rise with low-rise. In the September 2026 release:

• Low-rise means detached, linked and semi-detached houses and townhouses. Stacked townhouses are excluded.
• High-rise means units in low-, medium- and high-rise buildings, plus stacked townhouses.

The old and new groups don’t line up exactly, so we don’t treat old “single-family” counts and new “low-rise” counts as one series. For earlier months, we use whatever label BILD used at the time.

Why houses are selling and condos are not

The market has split in two. Buyers are signing for houses and townhomes above the long-term pace, while condo sales sit near record lows.

The low-rise mix has also changed. BILD’s Justin Sherwood said more than half of September’s sales were semis and townhomes, a shift from traditional levels. For many buyers, a semi or townhome is now the way into a new low-rise home. You can see current options on our pre-construction townhomes and pre-construction detached homes pages.

For high-rise, BILD and Altus give two reasons. First, the HST rebate program’s construction start and completion timelines keep high-rise projects from taking part. Second, some unsold inventory is undesirable, meaning it isn’t what buyers want now. BILD is asking for rule changes so high-rise can participate. Its May 2026 release also tied that month’s strong low-rise sales to the HST rebate.

2026 month by month

These are the months we have confirmed against BILD releases so far. Each month is measured against its own 10-year average, so the average changes from row to row.

Month (2026)	Total new home sales	Condo / high-rise sales	Low-rise notes
January	269, down 36% from January 2025 and 80% below the 10-year average of 1,339	85 condo apartments, down 50% year over year and 89% below the 10-year average	184 single-family, down 26% year over year and 68% below the 10-year average
May	1,023, 57% below the 10-year average of 2,353	193 condo apartments, 89% below the 10-year average	Second consecutive month of low-rise sales above the 10-year average
August	907, 37% below the 10-year average of 1,449	215 condo apartments, up 50% from August 2025 but 78% below the 10-year average	Fifth consecutive month of low-rise sales above the 10-year average
September	949, 52% below the 10-year average of 1,978	129 high-rise, a record low for September, down 40% year over year and 90% below the 10-year average	820 low-rise, 17% above the 10-year average, sixth consecutive month above average

January was the low point so far. BILD’s January 2026 report showed record lows across product types. From spring on, low-rise sales moved above their long-term average and stayed there. Condo sales did not. We’ll fill in the missing months as we confirm them.

Benchmark prices

A benchmark price is BILD’s reference price for a typical new home in each category. It shows the trend. It is not the price of any particular project, and a one-bedroom condo or a townhome in a specific community can be well above or below it.

Report month	Condo / high-rise benchmark	Single-family / low-rise benchmark
September 2025	$1,033,317	$1,437,447
January 2026	$1,027,486 (BILD called this an apparent price floor)	$1,397,358 (down ten per cent over 12 months)
September 2026	$1,031,574 (unchanged from last year)	$1,246,764 (down 13.3% over 12 months)

Condo benchmarks have barely moved despite very weak sales, which is why BILD called the January figure an apparent price floor. Low-rise benchmarks have come down, falling 13.3% over the 12 months to September 2026, and sales picked up over the same stretch. BILD says the September 2026 figures are gross prices that don’t reflect the HST rebate. We quote them as reported and don’t adjust them.

Inventory and months of supply

Months of supply is how long unsold inventory would last at the recent sales pace. BILD bases it on average sales over the last 12 months. A low number means a tighter market. A high number means you have more choice and more room to compare.

Report month	Total remaining inventory	Months of supply
September 2025	21,749 units	22 months (combined)
January 2026	20,557 units (14,731 condo apartments and 5,826 single-family)	26 months combined, the highest level seen to date
September 2026	19,957 units (12,909 high-rise and 7,048 low-rise)	About 49 months high-rise; about 11 months low-rise

Total inventory dropped below 20,000 units by September 2026, but the split tells the real story. Low-rise supply, at about 11 months, is being absorbed. High-rise supply, at about 49 months, would take roughly four years to sell at the recent pace.

Simcoe County

BILD reported Simcoe County separately in September: 73 low-rise sales, no high-rise sales, and a weighted average low-rise price of $998,787. If you’re looking north of the GTA, see current projects on our Barrie page.

What this means if you’re buying

Condos

With about 49 months of high-rise supply, you have plenty to choose from. That doesn’t mean every builder is cutting prices. The benchmark has stayed flat. Compare projects on total price, deposit structure, occupancy timing and incentives, and get incentives in writing. BILD itself points to undesirable inventory, so layout, location and building quality still decide whether a unit is a good buy. Start with our pre-construction condos list or the Toronto pre-construction homes page.

Townhomes, semis and detached homes

This is the busier side of the market. Low-rise sales have run above their 10-year average for six months straight, and semis and townhomes were more than half of September’s sales. The benchmark is lower than a year ago, but stronger demand means popular phases and lots can sell quickly. If a community interests you, ask early about release dates and pricing.

If you’re counting on the HST rebate

BILD credits much of the low-rise strength to the HST rebate program and says its timelines keep most high-rise projects out. We don’t cover the rebate rules here. Don’t assume a home qualifies. Check official government information and your lawyer before you sign, and make sure any price you’re quoted says whether it’s before or after a rebate.

If you need to move in soon

Pre-construction usually means waiting years for occupancy. On a shorter timeline, look at move-in ready homes, which are finished or close to it.

If you want help comparing projects, register with us or call Tall Property at 416-878-0749.

Frequently asked questions

How many new homes sold in the GTA in September 2026?

949: 820 low-rise homes and 129 high-rise units. That was up significantly from September 2025 but 52% below the 10-year average of 1,978.

Is the GTA condo market still slow in 2026?

Yes. High-rise sales were 129 in September 2026, a record low for September, down 40% from a year earlier and 90% below the 10-year average.

What is the benchmark price of a new home in the GTA?

In September 2026 it was $1,246,764 for new low-rise homes and $1,031,574 for new high-rise units. Both are gross prices before any HST rebate.

How much unsold new home inventory is there?

19,957 units in September 2026: 7,048 low-rise homes (about 11 months of supply) and 12,909 high-rise units (about 49 months).

Why are low-rise sales doing better than condos?

BILD links the low-rise strength to the HST rebate program. It says the program’s construction start and completion timelines, plus undesirable inventory, are holding high-rise back.

This is general information, not legal or tax advice, so speak to a lawyer or accountant about your situation, especially before relying on any HST rebate.