Oshawa home prices still down 36.5% from 2022 peak, steepest drop in GTA

Oshawa home prices remain further below their post-pandemic peak than anywhere else in the GTA, according to the Toronto Regional Real Estate Board's (TRREB) October Market Watch report.

The average selling price of a home in Oshawa was $698,078 in October 2026, down 36.52 per cent from the $1,099,735 peak it reached in February 2022, when the average price crested $1 million. The report notes that climbing back to $1 million may be measured in decades, not years.

Durham Region communities take three of the next four spots on the list. Whitby is down 33.56 per cent, from $1,367,026 to $908,312; Ajax is down 31.95 per cent, from $1,273,349 to $871,313; and Pickering is down 28.99 per cent, from $1,283,045 to $911,108. Brampton sits second overall, down 34.94 per cent from $1,346,278 to $875,916.

Across the GTA, realtors reported 5,603 home sales through TRREB's MLS system in October 2026, down 7.9 per cent compared with October 2025, with new listings down almost 12 per cent year over year. The GTA average selling price was $1,024,108.

TRREB president Daniel Steinfield said uncertainty around inflation, borrowing costs and the economy kept many GTA home buyers on the sidelines in October, though monthly mortgage payments for an average-priced home are still much more affordable than they were two and three years ago. He added that a Canada-U.S. trade deal and a resolution to the conflict in the Middle East could renew interest in homeownership as the region moves into 2027.

TRREB CEO John DiMichele said the region's permanent population will continue to grow, and that policy announcements including HST rebates and development-charge reductions should help bring a greater diversity of ownership and rental supply online in the medium term.