Market data › Buyer’s or seller’s market
Is It a Buyer’s or Seller’s Market? Every GTA Area, Ranked
The GTA as a whole had 4.6 months of inventory in September 2026. But conditions vary a lot by area. Here is every TRREB area and Toronto district, ranked from tightest to most supply.
The two numbers that tell you
Months of inventory is how long it would take to sell every home currently for sale at this month’s pace of sales. As a rule of thumb, under about 3 months favours sellers, 3 to 5 is balanced, and over about 5 favours buyers.
Sales-to-new-listings ratio compares homes sold with homes newly listed. The Canadian Real Estate Association treats 40% to 60% as balanced; above 60% favours sellers and below 40% favours buyers. TRREB reports this as a trend figure.
Neither number is a law. A well-priced home can draw several offers in a buyer’s market, and an over-priced one can sit in a seller’s market.
40 buyer’s market · 15 balanced · 8 leaning buyer’s · 2 seller’s market (out of 65 areas).
| Area | Months of inventory | Sales/new listings | Sale/list | Days on market | Sold | Market |
|---|---|---|---|---|---|---|
| Toronto E02 | 2.3 | 47.7% | 105% | 12 | 41 | Seller’s market |
| Toronto E01 | 2.4 | 48.2% | 109% | 18 | 64 | Seller’s market |
| Toronto W02 | 2.7 | 47.9% | 103% | 18 | 60 | Balanced |
| Toronto E03 | 2.7 | 45.9% | 100% | 27 | 66 | Balanced |
| Whitby | 2.9 | 44.6% | 99% | 24 | 96 | Balanced |
| Ajax | 3.0 | 44.8% | 99% | 25 | 77 | Balanced |
| Clarington | 3.2 | 41.5% | 99% | 23 | 113 | Balanced |
| Toronto W03 | 3.4 | 44.0% | 100% | 36 | 42 | Balanced |
| Toronto E07 | 3.6 | 47.0% | 101% | 23 | 39 | Balanced |
| Burlington | 3.6 | 46.1% | 97% | 34 | 177 | Balanced |
| Oshawa | 3.6 | 39.2% | 98% | 34 | 125 | Leaning buyer’s |
| Toronto C10 | 3.7 | 42.0% | 101% | 26 | 54 | Balanced |
| Toronto E04 | 3.7 | 41.3% | 99% | 29 | 52 | Balanced |
| Pickering | 3.7 | 40.9% | 98% | 33 | 92 | Balanced |
| Toronto E05 | 3.8 | 42.7% | 99% | 30 | 39 | Balanced |
| Toronto E10 | 3.8 | 41.6% | 97% | 30 | 43 | Balanced |
| Milton | 3.8 | 40.6% | 96% | 35 | 118 | Balanced |
| Toronto W07 | 3.9 | 39.5% | 99% | 16 | 23 | Leaning buyer’s |
| Toronto C11 | 3.9 | 41.3% | 100% | 23 | 27 | Balanced |
| Toronto W01 | 4.0 | 40.9% | 104% | 26 | 34 | Leaning buyer’s |
| Toronto C04 | 4.0 | 39.1% | 97% | 27 | 54 | Buyer’s market |
| Halton Hills | 4.1 | 39.4% | 95% | 27 | 45 | Buyer’s market |
| Markham | 4.1 | 40.5% | 98% | 34 | 245 | Leaning buyer’s |
| Toronto W08 | 4.2 | 40.9% | 96% | 30 | 110 | Leaning buyer’s |
| Toronto E06 | 4.2 | 36.0% | 99% | 37 | 26 | Buyer’s market |
| Newmarket | 4.2 | 37.2% | 97% | 33 | 64 | Buyer’s market |
| Toronto W09 | 4.3 | 41.2% | 98% | 43 | 20 | Leaning buyer’s |
| Toronto C03 | 4.3 | 37.8% | 97% | 22 | 40 | Buyer’s market |
| Bradford | 4.4 | 41.6% | 98% | 35 | 44 | Leaning buyer’s |
| City of Toronto | 4.6 | 38.5% | 99% | 33 | 1,937 | Buyer’s market |
| Toronto W06 | 4.6 | 37.8% | 98% | 35 | 82 | Buyer’s market |
| Toronto E09 | 4.6 | 37.4% | 99% | 39 | 47 | Buyer’s market |
| Orangeville | 4.6 | 40.6% | 97% | 29 | 33 | Leaning buyer’s |
| Toronto C15 | 4.7 | 38.5% | 96% | 32 | 80 | Buyer’s market |
| Brampton | 4.7 | 35.3% | 97% | 32 | 404 | Buyer’s market |
| Mississauga | 4.8 | 36.5% | 97% | 36 | 468 | Buyer’s market |
| Toronto C01 | 4.9 | 37.7% | 99% | 35 | 241 | Buyer’s market |
| Toronto C13 | 4.9 | 37.6% | 97% | 35 | 39 | Buyer’s market |
| Aurora | 4.9 | 35.1% | 98% | 37 | 56 | Buyer’s market |
| Essa | 4.9 | 35.7% | 95% | 43 | 25 | Buyer’s market |
| Oakville | 4.9 | 36.5% | 96% | 32 | 162 | Buyer’s market |
| Vaughan | 4.9 | 37.2% | 97% | 42 | 213 | Buyer’s market |
| Toronto C09 | 5.0 | 37.1% | 94% | 35 | 21 | Buyer’s market |
| Toronto E11 | 5.0 | 35.4% | 99% | 51 | 28 | Buyer’s market |
| New Tecumseth | 5.2 | 39.0% | 96% | 53 | 54 | Buyer’s market |
| Scugog | 5.2 | 35.1% | 96% | 60 | 23 | Buyer’s market |
| Stouffville | 5.2 | 36.3% | 97% | 35 | 41 | Buyer’s market |
| Toronto W10 | 5.3 | 36.4% | 97% | 48 | 40 | Buyer’s market |
| Toronto C06 | 5.3 | 36.7% | 98% | 42 | 19 | Buyer’s market |
| Uxbridge | 5.3 | 36.1% | 94% | 44 | 18 | Buyer’s market |
| Toronto E08 | 5.4 | 33.9% | 97% | 41 | 36 | Buyer’s market |
| East Gwillimbury | 5.4 | 32.9% | 98% | 38 | 33 | Buyer’s market |
| Toronto W04 | 5.5 | 36.0% | 98% | 42 | 54 | Buyer’s market |
| Toronto W05 | 5.6 | 36.6% | 98% | 39 | 67 | Buyer’s market |
| Richmond Hill | 5.6 | 33.3% | 98% | 36 | 172 | Buyer’s market |
| Toronto C02 | 5.7 | 35.3% | 98% | 38 | 58 | Buyer’s market |
| Toronto C07 | 5.8 | 34.5% | 100% | 35 | 59 | Buyer’s market |
| Toronto C14 | 5.8 | 33.6% | 96% | 38 | 69 | Buyer’s market |
| Toronto C08 | 5.9 | 32.9% | 97% | 40 | 146 | Buyer’s market |
| Georgina | 6.5 | 28.5% | 94% | 46 | 49 | Buyer’s market |
| Caledon | 6.6 | 31.9% | 95% | 41 | 64 | Buyer’s market |
| Brock | 6.8 | 30.4% | 98% | 27 | 8 | Buyer’s market |
| Innisfil | 7.3 | 27.1% | 97% | 44 | 56 | Buyer’s market |
| Toronto C12 | 9.0 | 28.6% | 96% | 36 | 17 | Buyer’s market |
| King | 11.4 | 21.8% | 94% | 42 | 20 | Buyer’s market |
Questions people ask
What is a buyer’s market?
A market where there are more homes for sale than buyers are absorbing, so buyers have more choice, more time and more room to negotiate on price and conditions.
How is months of inventory calculated?
Active listings at the end of the month divided by the number of sales. TRREB publishes a trend version of this figure, which smooths out one-off months.
Should I wait for a buyer’s market to buy?
Timing the market is hard. What matters more is your own timeline, financing and how long you plan to stay. The numbers on this page tell you how much negotiating room you are likely to have.
Want the numbers for your street, not just the district?
District averages hide a lot. I can pull the actual recent sales near you and tell you what they mean for your price — no obligation.
More market data
- Sold over or under asking, by home type
- What your budget actually buys
- Why homes aren’t selling: the share of listings that sell
- The best month to list, from 36 months of data
- What condos and townhouses rent for, by area
- Condo prices by Toronto district
- GTA home prices since 1980
- This month in the GTA market (September 2026)
All areas: GTA and Toronto market data hub
Source: Toronto Regional Real Estate Board (TRREB) public reports — Market Watch, MLS® Home Price Index and the Rental Market Report. Figures are for resale homes reported through TRREB’s MLS® System. Small areas can swing a lot from one month to the next, so the number of sales is shown beside every figure. Past months are shown as TRREB first reported them; TRREB may revise earlier figures. Updated monthly by Jatin Dua, Broker of Record, RE/MAX Quantum Realty.