Prices corrected ~25% since 2022, but slowly—no panic, just hesitation.
Jobs feel shakier, rates still high—confidence matters more than affordability.
Even with lower rates, monthly payments remain 30% higher than pre-pandemic.
The next price move won’t be explosive—it’ll be quiet, slow, and selective.
This isn’t a crash—it’s a reset, rewarding patient buyers and realistic sellers.
October 19, 2026
Toronto Affordability Gains Are Tapering | Reach out to me for buying or selling. First time? Call for a FREE consultation.
Toronto’s affordability landscape shifted slightly in Q2, with the overall measure dropping by about 1 point to around 64%—still positioning our city among the least affordable in the country. Most of the relief came from...