Condo downturn stretches into 2026, with some listings again below $400,000.
Avg price was $604,759 in early 2026, down nearly 10% yearly across the city and suburbs.
Rates ~4% plus rising taxes, condo fees, insurance and utilities still strain affordability.
Uncertainty and a tariff war curb buying; months-long declines make many wait for cheaper prices.
Inventory is swelling and demand weak; prices expected to keep falling, favoring long-term holds over quick profits.
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...
