Toronto stayed the GTA's busiest municipal market. Its average price sat above the GTA-wide figure, reflecting a concentration of central, higher-density housing in established neighbourhoods.

• Condo apartments remained the broadest entry point for buyers.
• Central neighbourhoods still offered meaningful choice, especially among condos.
• Detached housing stayed expensive and comparatively scarce.
• Select east-end and west-end pockets offered better value, depending on condition and transit access.

Note: a simple average can be skewed by the mix of homes sold in a given month — the MLS HPI is the better tool for tracking constant-quality price trends.

Mississauga's Cornerstone HPI benchmark landed at $924,400, down 3.0% month over month and 5.6% year over year — one of the sharper monthly slips among major Cornerstone markets.

Peel stayed attractive to buyers for its access to Toronto employment centres, a deep supply of condos and townhouses, established detached-home neighbourhoods, and more moderate pricing than much of York and Halton. For sellers, differentiation was the deciding factor: dated interiors and ambitious pricing competed directly against newer, better-presented listings.

Aurora, King and parts of Vaughan and Markham remained York's highest-priced pockets. Newmarket and parts of East Gwillimbury were comparatively more affordable, though lot size, housing age and commute strongly influenced value. The best buyer opportunities tended to be homes with realistic sellers and manageable renovation needs — not simply the areas with the largest headline declines.

Durham kept drawing buyers priced out of Toronto, York and Halton. Oshawa and Clarington posted the lowest average prices, while Pickering commanded a premium for its Toronto access. Durham wasn't an automatic bargain, though — buyers needed to weigh older homes needing capital work against newer subdivisions with higher taxes and maintenance costs, and factor in transit and secondary-suite potential.

Oakville stayed the region's premium market. Milton offered a lower entry point, though buyers needed to factor in property taxes, embedded development charges and future competing supply from new construction. Burlington's HPI benchmark of $874,200 (down just 2.8% year over year) pointed to more resilience than several neighbouring markets, supported by established neighbourhoods and waterfront amenities.

Hamilton's HPI benchmark sat at $673,900 (down 6.0% year over year); Burlington's was $874,200 (down 2.8%). Across Cornerstone's broader reporting markets, new listings fell 15.0%, inventory dropped 9.6%, and average days on market rose to 38 from 36 a year earlier.

Hamilton offered a wider spread of price points than Burlington — downtown, the west mountain, Stoney Creek and outlying areas all behaved differently depending on condition, lot size and commute. Renovated homes, legal duplexes and well-located family properties outperformed dated or overpriced listings. Note: Brantford isn't part of this HPI table, so its figures shouldn't be extrapolated from Hamilton's.

Waterloo Region ran noticeably softer than the GTA: sales fell 12.2% month over month and 10.0% year over year, new listings dropped 14.3%, and days on market averaged 33. Kitchener led on volume; Waterloo held the smallest annual price decline; Cambridge saw the sharpest drop but kept the most affordable average price. Notably, single-family sales fell only 1.0% year over year while townhouse/condo sales dropped 24.3% — affordability alone didn't guarantee stronger activity.