Average condo price now $626,650, down from just under $800,000 four years ago.
GTA condo sales last month ↓ to 1,088, more than 60% lower than four years earlier.
In $700K-$800K range, sales went from 784 in Feb 2022 to 88 in Feb 2026.
Preconstruction buyers may owe up to hundreds of thousands if appraisals come in low; some walk away, face lawsuits.
Higher rates, ↓rents, and lower immigration targets are cited as key drags.
April 8, 2026
Toronto Home Prices Drop 24% in Mid-Q1
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...
