Home sales in Greater Sudbury were down 22.4 per cent year-over-year in September, the Canadian Real Estate Association said in its most recent update. A total of 222 homes were sold last month in Sudbury. “Home sales were 8.6 per cent below the five-year average and 13.8 per cent below the 10-year average for the month of September,” the CREA said. “On a year-to-date basis, home sales totaled 1,869 units over the first nine months of the year. This was a moderate decrease of 9.4 per cent from the same period in 2025.” The average price of homes sold in September 2026 was $475,260, down by 7.4 per cent from September 2025. Sault sales down Sales were down by 13.5 per cent last month in the Sault, with 141 homes sold. That’s down 4.3 per cent from the five-year average – and 12.3 per cent below the 10-year average for September. On a year-to-date basis, home sales totaled 1,082 units over the first nine months of the year,” the CREA said. “This was a large decline of 18.6 per cent from the same period in 2025.” Average sale price dipped 3.7 per cent last month and stood at $299,762. Timmins drops 10.5% In Timmins, September sales were down 10.5 per cent compared to 2025, with 136 units sold. However, sales are 6.3 per cent above the five-year average for the month of September. “On a year-to-date basis, home sales totaled 965 units over the first nine months of the year,” the CREA said. “This was a small reduction of 3.6 per cent from the same period in 2025. The average price of homes sold in September 2026 was $324,413, increasing by 11.8 per cent from September 2025.” North Bay bucked the trend, with September sales 8.8 per cent higher this year than in 2025. North Bay bucked the trend “Residential sales haven’t hit this level in the month of September in five years,” the CREA said. “Home sales were 8.2 per cent above the five-year average and 2.4 per cent below the 10-year average for the month of September.” The average price of homes sold in September 2026 in North Bay was $481,809, down by six per cent from September 2025. The figures come as a new report says provincial home sales should rebound next year. Desjardins senior economist Kari Norman told the Canadian Press that the province’s housing sector “is in the midst of a striking contradiction.” Her report called the market “weak” despite improved affordability, greater buyer choice and easing rental conditions. The forecast predicts existing home sales will rise nearly five per cent in 2027 compared with this year, driven by lower prices, rising disposable incomes, policy supports for first-time buyers and some release of pent-up demand. But activity would still be well below long-term norms, the report noted, while balanced market conditions should lead to average price growth of 2.4 per cent next year. The analysis said the interest rate backdrop will likely remain challenging. “Home prices are down and at the same time, over the last several years, household income has risen,” Norman said in an interview. “On the other hand, interest rates went up steeply coming out of the pandemic and they have come down, but not to the levels that we saw ... early in the pandemic when interest rates were rock-bottom levels.” With files from the Canadian Press
