The Greater Toronto Area (GTA) real estate market is showing renewed activity as home sales climbed 8.5% in September, even while prices slightly declined. This shift is creating interesting opportunities for both buyers and sellers across Toronto, Vaughan, Richmond Hill, Markham, and Maple.
As a Vaughan Realtor who actively works in these markets, I’m seeing more showings, stronger buyer interest, and increased confidence — especially after the Bank of Canada’s recent rate cut.
📈 Home Sales on the Rise
According to the latest market report, Toronto home sales rose 8.5% year-over-year in September. Lower mortgage rates and improved affordability have motivated many buyers to return to the market.
Here’s what’s driving the change:
- Lower borrowing costs: The Bank of Canada’s latest rate cut has made mortgage payments more manageable, especially for first-time buyers and investors.
- Pent-up demand: Many buyers who were waiting for rates to drop are now re-entering the market.
- Balanced inventory: New listings increased slightly, giving buyers more options without overwhelming the market.
This mix of conditions is creating an ideal entry point for buyers — especially in Vaughan, Richmond Hill, and Markham, where market activity remains strong but prices are holding steady.
📉 Prices Are Adjusting, Not Crashing
While home sales increased, prices dipped about 0.5% month-to-month and are down 5.5% year-over-year. This slight correction is not a sign of weakness — rather, it’s a window of opportunity.
For buyers, this means more negotiation power and the ability to secure homes that were previously out of reach.
For sellers, it’s more important than ever to price strategically and present your home beautifully — fresh paint, staging, and high-quality marketing can make a major difference.
If you’re curious about your home’s current value, I offer a Free Home Evaluation in Vaughan, Maple, Richmond Hill, and Toronto — it’s a great starting point to see what your property could sell for in today’s shifting market.
🏙 Market Highlights by Area
- Toronto: Sales are up over 13%, showing renewed confidence in the condo and freehold segments.
- Vaughan & Maple: Activity is climbing, especially in mid-range condo and townhouse listings.
- Richmond Hill & Markham: Steady demand continues from move-up buyers and downsizers seeking newer developments.
These trends show that while prices have softened slightly, real estate in Vaughan and surrounding areas remains resilient — especially in desirable, well-connected communities.
💡 What Buyers and Sellers Should Do Now
If you’re a buyer:
Now’s a great time to act. Rates have eased, inventory is improving, and you can negotiate stronger terms.
If you’re a seller:
Even in a softening price environment, homes that are well-presented and priced correctly are selling. Marketing matters — and that’s where working with an experienced Realtor in Vaughan makes all the difference.
🏠 Final Thoughts
The fall market is picking up momentum, and both buyers and sellers can benefit if they plan strategically.
If you’re thinking about buying, selling, or simply want to know how much your home is worth, reach out to me for a Free Home Evaluation in Vaughan or Maple.
Let’s discuss how today’s changing market can work in your favor.
📞 Soheil Shivarani
Broker, Intercity Realty Inc.
✅ Best Realtor in Vaughan | Realtor in Maple | Realtor in Richmond Hill | Realtor in Toronto
🌐 soheilshivarani.com
