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.
September 3, 2026
POV: You’re House Hunting In Toronto—Here’s The Catch | Reach out to me for buying or selling. First time? Call for a FREE consultation.
CMHC expects Toronto sales to increase in 2026, even while prices remain below recent peaks. Here’s the overlooked part: today’s abundant inventory could give patient buyers more choice and negotiating room. Royal LePage expects GTA...
