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.
Sales are up and listings are shrinking. Is now the time to buy a home in Toronto?
Canadian home sales rose 5.5% month-over-month in May, marking the first significant increase this year. In the Greater Toronto Area, sales increased 6.3% year-over-year, while average home prices fell 4.6% to about $1.07 million. Buyers...
