Average price went from $1,334,544 in February 2022 to $1,008,968 in February 2026.
Past downturn: prices ↓21.3% in 4 years after 1989 peak, then bottomed in 1995 at ↓28.5%.
Foch says buyers are sidelined while values seem to ↓; stability may take years, with prices possibly flat long.
Condo market: avg price ↓ from nearly $800,000 to just over $625,000; sales ↓ from 2,772 to 1,088.
Sellers must reset expectations and boost curb appeal; buyers should expect short-term depreciation and think 10-year.
August 12, 2026
GTA Bidding Competition Nears Multi-Year Low | Reach out to me for buying or selling. First time? Call for a FREE consultation.
In Late-Q2, just 6% of GTA neighbourhoods with at least five resale deals were overbid, while 93% were underbid and 1% sold at asking. New GTA listings also weakened in Late-Q2, led by condo softness,...
