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.
May 4, 2026
Toronto Sales Rise, Bounceback Doubts Persist | Reach out to me for buying or selling. First time? Call for a FREE consultation.
Toronto home sales posted their first yearly gain in 6 mo during Late-Q1, but brokers said that uptick did not mean the market had recovered. Sales ↑~2% yearly while new listings ↓~17% in Late-Q1. Prices...