Toronto condo prices are forecasted to soften further in 2026, especially small investor-focused units.
Condos without parking will remain difficult to sell through 2026.
Moderate price growth expected in suburban condos as buyers prioritize transportation and space.
Millennials in their 30s-40s continue driving demand despite affordability constraints.
Overall market recovery will be gradual, supported by lower borrowing costs and pent-up demand.
February 26, 2026
Toronto Housing Hits Five-Year Reset
Toronto’s average home price dipped to $973,289, falling 6.5% year-over-year, first sub-$1M since 2020. Pandemic-era price growth is gone, pushing Canada’s priciest markets back to late-2020 levels. Mortgage stress is rising as renewals hit higher...