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.
August 12, 2026
GTA Bidding Competition Nears Multi-Year Low | Reach out to me for buying or selling. First time? Call for a FREE consultation.
In Late-Q2, just 6% of GTA neighbourhoods with at least five resale deals were overbid, while 93% were underbid and 1% sold at asking. New GTA listings also weakened in Late-Q2, led by condo softness,...
