Toronto home prices forecasted to decline 4.5% in 2026 amid market adjustment.
Average home price projected at $1,054,129, reflecting post-pandemic correction.
Detached home prices decline moderately; affordability improves for first-time buyers.
Condominium prices also affected; investor activity softens in higher-density developments.
Balanced market provides buyer negotiation power, with public-sector starts stabilizing supply.
Toronto Homebuyers Enjoy Improved Affordability and More Choices
Home sales and prices in the Greater Toronto Area declined in December and throughout 2025, with sales down 11.2% for the year and average prices falling nearly 5%. Listings increased, creating a buyer's market and...
