New listings ↓~18% in Toronto as analysts cite sellers waiting out falling prices.
Toronto sales ↓~6% to ~4K, while new listings fell faster.
Prices kept sliding: Toronto avg. ~$1M, yearly ↓~7%.
Sales have fallen yearly for 5 straight mo; boards expect continued chill, though fewer listings could boost competition.
Toronto condos lagged: sales ↓~12%, prices ↓~9%; recovery may take years.
September 3, 2026
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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...
