November sales ↓ 15.8% YoY to 5,010 units
Avg. price still > $1M, but ↓ 6.4% YoY
New listings ↓ 4%, active inventory ↑ 16.8%
Condo sales ↓ 21.7% across GTA; all property types down
Strong jobs data may revive optimism, but market recovery needs clearer long-term certainty.
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...
