October 2026
TRREB professional newsletter
Altus Group's monthly snapshot of Toronto’s new home and commercial market - giving TRREB professionals the data and trends they need to stay one step ahead.
TRREB members can sign in at OntarioMLP.ca and select MLS® Tools to access Altus Data Studio.
COMMERCIAL
Featured property transactions
Greater Toronto Area: Industrial
6010 & 6020 Ambler Drive, Mississauga
$14,000,000 ($381 per sq. ft.)
Transaction Date: October 2, 2026
Greater Golden Horseshoe: Industrial
364 Massey Road, Guelph
$6,000,000 ($185 per sq. ft.)
Transaction Date: September 22, 2026
Brokers: Michael Merker (NAI Park Capital)
Greater Toronto Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date | Brokers |
|---|---|---|---|---|---|---|---|
Retail | New Market | 17600 Yonge Street | $404,000,000 | $415 | per sq. ft. | Oct. 15, 2026 | Hillel Abergel, Matt Brown, Kai Tai Li, Ian Kitt |
Office | North York | 1118-1126 Finch Avenue West | $38,800,000 | $163 | per sq. ft. | Oct. 15, 2026 | Peter Senst, Matthew Brown, Hillel Aberge, Kai Tai Li (CBRE) |
Industrial | North York | 5781 & 5789 Steeles Avenue West | $34,500,000 | $266 | per sq. ft. | Oct. 15, 2026 | Peter Senst, Matthew Brown, Hillel Aberge, Kai Tai Li (CBRE) |
Apartment | Old Toronto | 592 Woodbine Avenue | $8,000,000 | $222,222 | per unit | Oct. 15, 2026 |
Greater Golden Horseshoe Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date |
|---|---|---|---|---|---|---|
Apartment | Kitchener | 71 Bankside Drive | $41,750,000 | $272,876 | per room | Oct. 1, 2026 |
Retail | Barrie | 534 Bayfield Street | $19,000,000 | $509 | per sq. ft. | Oct. 5, 2026 |
Office | Kitchener | 4210 King Street East | $9,400,000 | $304 | per sq. ft. | Oct. 1, 2026 |
Industrial | Cambridge | 360 Sheldon Drive | $2,559,000 | $231 | per sq. ft. | Oct. 1, 2026 |
Sector spotlight
GTA apartment investment surged in Q3 as multi-family became an inflation hedge
This chart displays total dollar volume and average price per unit on a quarterly basis for all GTA apartment building transactions over $1 million.
Through Q3 2026, the apartment sector recorded over $4.1 billion in dollar volume, surging 273% year-over-year. Multi-family assets remained a key inflation hedge, supported by persistent housing supply constraints and severe homeownership affordability pressures across the region. However, investors allocated capital more selectively as they adapted to higher borrowing costs, tighter lending standards and near-term uncertainty. The average price per unit through the first quarter of 2026 was $367,710, representing a modest 4% year-over-year increase.
Figure 1: GTA Apartment Building Sales Activity by Quarter (2019 - 2026)
GTA apartment transactions nearly tripled regionally, with York leading
This chart displays total dollar volume invested by region and the number of apartment building transactions over $1 million in the GTA.
By Q3 2026, 126 transactions were recorded, up from 46 in the same period last year. Activity rose sharply across major submarkets, led by gains of 3,751% in York, 618% in Durham and 332% in the City of Toronto. These broad-based increases signalled strong institutional demand for residential assets in both the urban core and higher-density suburban markets.
Figure 2: GTA Apartment Building Sales Activity by Region (2019 - 2026)
Coming soon
Northgate Trails
by Lakeview Homes
1641 Church Street North
Ajax, ON
Expected opening: November 3, 2026
Description:
Coming soon to Ajax, Northgate Trails will feature a mix of detached homes and traditional, rear lane, and back-to-back townhouses. Sales are expected to begin November 2026.
New project openings
Development name | Builder | Municipality | Type |
|---|---|---|---|
Abacot Hill | Hallet Homes | Mississauga | Detached |
Balmoral Estates | Lormel Homes | Vaughan | Detached |
Bloom Park | Deco Homes | Pickering | Detached |
Bond | Sunny Communities | Richmond Hill | Townhouse |
Bridgelands | Arista Homes | Vaughan | Detached |
Bridgelands | Deco Homes | Vaughan | Detached Townhouse |
Bridgelands | Opus Homes | Vaughan | Detached Townhouse |
Collection on 27 | Uniq Communities | Vaughan | Townhouse |
Derry Lane Towns | Ballymore Homes | Mississauga | Detached Semi-Detached Townhouse |
Elements | Trinity Point Developments | Milton | Townhouse |
Everpine Towns | Arkfield | Richmond Hill | Townhouse |
Everstone* | Cachet Homes | Centre Wellington | Detached Townhouse |
Five Oaks | Caivan | Oakville | Detached Townhouse |
Founders Walk | Fairgate Homes | Whitchurch-Stouffville | Detached Townhouse |
Founders Walk | Opus Homes | Whitchurch-Stouffville | Detached Townhouse |
Laurel Creek | Mattamy Homes | Waterloo | Detached Townhouse |
Lyric by Lynde Creek | Genesis Homes | Whitby | Townhouse |
St. Davids Collection | Empire | Niagara-on-the-Lake | Detached Townhouse |
UpTown | Fieldgate Homes | Vaughan | Detached Townhouse |
Valley Brooke Townhomes | Tiffany Park Homes | Vaughan | Townhouse |
Victoria Crown | Southbury Homes | Markham | Townhouse |
Countryside Urban Towns | Rosehaven Homes | Brampton | Stacked Townhouse |
Builder commissions & incentives
Development Name | Builder | Commission | Price Range | TRREB District/ Municipality | Location | First Occupancy |
|---|---|---|---|---|---|---|
North Oak Condos at Oakvillage - Tower 4A | Minto Developments | 4% (as of Oct. 8) | $377,979 - $839,735 | Oakville | 3075 Trafalgar Road | Dec. 1, 2025 |
North Oak Condos at Oakvillage - Tower 4B | Minto Developments | 4% (as of Oct. 8) | $490,177 - $1,081,900 | Oakville | 3075 Trafalgar Road | Dec. 1, 2025 |
Westshore | Minto Developments | 3.5% (as of Oct. 8) | $449,900 - $830,885 | W6 - Toronto/ Etobicoke | 280 Elder Avenue | Dec. 1, 2027 |
Dupont | Tridel | 4% (as of Oct. 14) | $580,000 - $1,795,000 | W2 - Toronto/York | 840 Dupont Street | Jul. 1, 2026 |
Queen Church | Tridel | 4% (as of Oct. 14) | $695,000 - $2,309,000 | C8 - Toronto | 60 Queen Street East | Jun. 1, 2027 |
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Canadian office market update - Q3 2026
Canada’s office market tightens in Q3 2026 with availability at 15.1%. Explore Class A demand, regional trends, and investment outlook.
What connected Canadian CRE data makes possible
How verified Canadian comps flow directly into your underwriting model, and what it means for your deal workflow.
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