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.
Is moving from Toronto to Vancouver actually more expensive for homeowners?
Moving from the GTA to Langley, BC, may increase monthly non-recoverable expenses by about 10-20%. Groceries and dining out cost more in BC, with grocery bills rising around 10%. Utilities are cheaper due to lower...
