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.
Toronto Buyers Enjoy More Choices as Prices Adjust
Toronto real estate shows slow improvement with June sales rising 8.4% to 6,770 units, the best June in three years but still 23.6% below 2019 levels. Home prices fell 0.6% to $940,800, down 5.4% from...