Toronto condos are projected to continue price declines in early 2026.
Buyers may benefit from increasing affordability and potential future price stabilization.
Market distress will persist due to tight immigration and slow demand.
Non-permanent resident and student restrictions may limit buyer pool further.
Recovery is expected later in 2026 if immigration and demand improve.
Canadian Homebuyers Enjoy More Affordable Prices in Major Cities
Five major Canadian cities now show year-over-year home price declines, with national prices down 2% in February. Ottawa joined Hamilton, Toronto, Vancouver, and Victoria in experiencing annual price drops. Condo prices fell 5% nationally, the...
