Pre-construction condo sales fell to levels not seen since the 1990s; delays rise and launches get more selective.
GTA avg prices stabilizing between $1M and $1.03M, with historically high inventory and modest growth.
Condo oversupply: small units start ~$400K; larger 2-3 bedroom units span $600K to $1.2M.
Key risks: appraisal gaps, slowed assignment sales, renewals at 3.5% to 4.5%.
For first-time and long-term buyers holding 7-10+ years, 2026 offers strong negotiating leverage in the GTA.
August 31, 2026
Toronto Housing Market Moves Toward Balance | Reach out to me for buying or selling. First time? Call for a FREE consultation.
In Early-Q3, Toronto sales ↓~1% yearly to ~6K transactions, while new listings ↓~18% to ~14.5K, narrowing the gap between supply and demand. On a seasonally adjusted basis, Toronto sales increased from Late-Q2 while listings declined,...
