Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
2027 is a reasonable year to sell in the GTA if you have a real reason to move, especially if you are buying back into the same market. Prices are below 2024 and 2025, detached homes still sell in about a month, and forecasters such as CREA expect only small gains in 2027. Waiting only for a rebound is a gamble.
This is for GTA homeowners asking whether to list in 2027 or hold on. You will not get a promise about where prices go next. You will get the real 2026 sold numbers, what the forecasters and the Bank of Canada are saying, and a simple way to decide based on your own situation.
Is 2027 a good time to sell a house in the GTA?
It depends more on your next move than on the market. As of November 2026, GTA prices are lower than in 2024 and 2025, homes take longer to sell, and interest rates have started to rise again. That is not a great backdrop for top-dollar sales. But it is a fine time to sell if you are also buying in the GTA, downsizing, or need the money for a clear reason. It is a poor time to sell only if you have no reason to move and could wait several years.
A good time to sell is when the gap between what you get and what you need to pay next works in your favour. In a soft market, that is often true for people who are moving up or downsizing within the same region.
What are homes selling for in the GTA right now?
Detached medians fell year over year in nearly every major GTA municipality in 2026. The median is the middle sale, which makes it a fairer guide than the average.
| Area | Detached median 2026 | Change vs 2025 | Detached avg days on market 2024 → 2026 | Condo apartment median 2026 | Condo change vs 2025 |
|---|---|---|---|---|---|
| Mississauga | $1,225,000 | -5.8% | 22 → 31 | $485,000 | -9.3% |
| Brampton | $950,000 | -8.9% | 22 → 30 | $415,000 | -12.6% |
| Vaughan | $1,415,000 | -5.0% | 21 → 30 | $530,000 | -10.9% |
| Markham | $1,420,000 | -6.5% | 19 → 29 | $558,000 | -13.2% |
| Richmond Hill | $1,485,000 | -8.9% | 25 → 31 | $529,250 | -8.8% |
| Oakville | $1,625,000 | -3.0% | 24 → 33 | $528,000 | -6.0% |
| Burlington | $1,249,750 | 0.0% | 22 → 29 | $529,950 | -4.9% |
| Pickering | $1,039,999 | -8.0% | 18 → 26 | $470,000 | -13.6% |
| Whitby | $977,000 | -6.2% | 16 → 23 | $536,000 | -6.2% |
| Oshawa | $730,000 | -8.8% | 17 → 25 | $340,500 | -14.3% |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 (and 2024 for days on market). Year-to-date medians, not a forecast.
Across all TRREB areas, TRREB reported 5,040 sales in September 2026, down 9% from a year earlier, with an average price of $1,006,409, down about 5%. New listings fell 14.4%, and active listings were 9.3% lower than a year before. That last point matters for sellers: there is less competition on the market than in 2025.
What do experts predict for the GTA housing market in 2027?
Here is what the main sources said, as of November 2026. All of these are forecasts or opinions, not facts about the future:
- CREA (October 2026): national home sales up 4.4% in 2027 and the national average price up 1.2%. It assumes slow but positive growth, a return to higher population growth and more certainty about rates.
- TD economist Rishi Sondhi, quoted with that forecast, expects weak price growth in Ontario in 2027.
- Bank of Canada (28 October 2026): raised its policy rate to 2.50%, its first hike in more than three years, to stop high energy prices spreading to other prices. It projects inflation to average about 3% in 2027, expects housing to stay relatively weak, and said further increases could be needed.
- TRREB (October 2026): said there is substantial pent-up demand in the GTA, but buyers need confidence in their jobs, inflation and long-term borrowing costs first.
Put together, nobody credible is calling for a big rebound in 2027, and nobody is calling for a crash. The middle case is a slow, uneven year.
Should I wait for prices to go back up before selling?
Waiting can make sense, but it has costs that people forget to count:
- Carrying costs. Mortgage interest, property tax, insurance and upkeep continue every month. The big banks raised prime to 4.70% on 29 October 2026, so variable-rate borrowers now pay more.
- The home you buy next. If you are buying in the GTA, it is likely cheaper now too. A recovery would lift both prices together.
- Life timing. A new job, school year, separation or estate often matters more than a few percent on price.
- No guarantee. Detached medians in the major GTA municipalities in the table above are about 6% to 16% below 2024. There is no date by which they must return.
Waiting makes the most sense if you have no reason to move, can easily afford the home, and are prepared to hold for years, not months.
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A strategy is what sells.
This model doesn’t know that your neighbour’s identical semi went $80,000 over asking last month, or which two upgrades actually pay back in your area. That conversation is free and takes twenty minutes.
Who should sell in 2027, and who should probably wait?
| Your situation | Selling in 2027 tends to make sense if | Waiting tends to make sense if |
|---|---|---|
| Moving up in the GTA | You can lock in a lower purchase price at the same time | You cannot qualify for the bigger mortgage at today’s rates |
| Downsizing | Condos have fallen more than houses where you live | You are comfortable and the house is not a burden |
| Leaving the GTA | The move is fixed by work or family | You have flexibility and can rent out or hold |
| Investor with a condo | The unit loses money every month after rent | It carries itself and you can hold several years |
| Mortgage renewal coming | Your new payment would strain your budget | You can renew comfortably and have no plans to move |
Source: my own decision framework from working with GTA sellers, not published data. Your numbers decide, not the label.
If you are moving up, the order of the sale and purchase matters. I cover that in sell first or buy first.
How much will it cost to sell my house in 2027?
Selling costs do not depend on the year, but in a slower market they matter more because your price has less room. Plan for real estate commission, legal fees, any mortgage prepayment penalty, moving, and small repairs or staging. If you have a fixed-rate mortgage, ask your lender for the exact penalty in writing before you list. I list every line item in what it costs to sell a house in Ontario.
Does selling in 2026 or 2027 change my taxes?
For most owners selling the home they live in, no tax is owed on the gain. The Canada Revenue Agency says that if the home was your principal residence for every year you owned it, you generally pay no tax on the gain. You still have to report the sale on Schedule 3 and designate the home on Form T2091(IND) for the year you sell. If you miss it, the CRA may accept a late designation, but a penalty can apply.
The year matters if part of the gain is taxable, for example a rental property or a home that was not your principal residence every year. A sale that closes on 31 December falls in one tax year; one that closes on 4 January falls in the next. Talk to an accountant before you pick a closing date. See capital gains tax when you sell a home in Ontario for the basics.
What could change the 2027 market?
A few dates and rules to watch, as of November 2026:
- Bank of Canada decisions: 9 December 2026, then 27 January, 3 March and 28 April 2027. As of 28 October, markets priced roughly a 43% chance of another hike in December. Each change to the policy rate moves prime, and with it variable rates.
- Foreign buyer ban: the federal ban on most non-Canadians buying residential property is set to expire on 1 January 2027. In July 2026, reporting said the government did not intend to simply extend it again, and was looking at a new framework. Its effect on GTA demand is unknown. I explain who it covers in the foreign buyer ban.
- Spring listings: new listings have run well below 2025 levels all year. If that continues into spring 2027, sellers face less competition.
My cautious view, not a forecast: I would not plan a sale around a 2027 price recovery. I would plan it around your life, then price to the market that exists on the day you list. Sellers who did that in 2026 still sold, usually within a month for detached homes. The ones who priced to 2024 memories mostly chased the market down and sold for less, later. If your reason to move is real, 2027 is a workable year to sell. If it is not, there is no rush.
Do not let one rate announcement push you into a rushed listing. A home put on the market without repairs, photos or a pricing plan usually sits, and a stale listing invites low offers. Give yourself four to six weeks to prepare properly.
What to do next
- Write down why you would sell and what you would buy or do next, with a target date.
- Get a starting value from the estimator on this page, then a full comparative market analysis for your street.
- Ask your lender for your exact prepayment penalty and renewal date.
- If buying next, get a written pre-approval at current rates.
- Decide on a listing month with enough time to prepare, and check my pricing method before you set a number.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
Should I sell my house in 2027?
Sell in 2027 if you have a real reason to move, such as moving up, downsizing, relocating or a mortgage you cannot comfortably renew. GTA prices are below 2024 and 2025 levels, and the Bank of Canada expects housing to stay relatively weak, so selling only to time the market is risky. If you have no reason to move and can easily hold, there is no rush.
Is now a good time to sell a house in Toronto?
It is a workable time if you are also buying in the GTA, because the home you buy has likely fallen in price too. In September 2026, TRREB reported average GTA prices down about 5% from a year earlier and active listings down 9.3%, so there is less competition from other sellers. Price to recent sales, not to 2024 levels.
Will house prices go up in the GTA in 2027?
No one can say for sure. CREA’s October 2026 forecast expects the national average price to rise 1.2% in 2027, and TD’s Rishi Sondhi expects weak price growth in Ontario. The Bank of Canada raised its rate to 2.50% in October 2026 and expects housing to stay relatively weak. Most forecasts point to a slow year, not a rebound.
Will interest rates go up in 2027 in Canada?
Possibly. The Bank of Canada raised its policy rate to 2.50% on 28 October 2026 and said a further increase could be needed. Its next decisions are 9 December 2026 and 27 January 2027. Fixed mortgage rates follow bond yields rather than the policy rate, and they rose through fall 2026.
How long does it take to sell a house in the GTA in 2026?
About a month for a detached house. From January to October 2026, average days on market for detached homes were about 23 to 33 days in major GTA municipalities, according to TRREB MLS data via REALM, up from roughly 16 to 25 days in 2024. Condo apartments usually took five to seven weeks.
Do I pay tax when I sell my house in Ontario?
Usually not on your own home. The CRA says that if a home was your principal residence for every year you owned it, you generally pay no tax on the gain. You must still report the sale on Schedule 3 and Form T2091(IND) for the year you sell. Rental and second properties can owe capital gains tax.
Is it better to sell before or after the foreign buyer ban ends?
There is no clear answer. Canada’s ban on most non-Canadians buying residential property is set to expire on 1 January 2027, and in July 2026 reporting said the government did not plan to simply extend it. How much foreign demand returns to the GTA is unknown, so I would not time a sale around it.
Are GTA home prices going to crash in 2027?
None of the major forecasters I reviewed predicts a crash. CREA expects small national price gains in 2027, and TRREB points to pent-up demand held back by economic worries. Prices have already fallen: most GTA detached medians were 3% to 9% lower in January to October 2026 than a year earlier, per TRREB MLS data via REALM.
Should I sell my house before my mortgage renewal?
It can make sense if your new payment at renewal would strain your budget and you were planning to move anyway. Timing the sale close to your renewal date can also limit penalty risk. Ask your lender in writing what, if anything, you would pay to discharge the mortgage early, and compare it with renewing and holding.
Sources
- TRREB Market Watch, September 2026
- TRREB: Economic Uncertainty Kept GTA Homebuyers on the Sidelines in September
- Bank of Canada press release, 28 October 2026
- Bank of Canada: 2027 schedule for policy interest rate announcements
- Advisor.ca: CREA downgrades home sales forecast for the third time this year
- Canada Revenue Agency: Principal residence and other real estate
- Bennett Jones: Canada Extends Ban on Foreign Home Buyers to 2027
- Canadian Mortgage Professional: Canada’s foreign buyer ban is expiring
Related reading
- GTA Housing Market Forecast 2027: City-by-City Numbers
- Mississauga Housing Market 2027: Prices, Sales and What to Expect
- Brampton Housing Market 2027: Prices, Sales and What to Expect
- Markham and Richmond Hill Housing Market 2027
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.