In Early-Q2 2026, Greater Toronto’s avg. home price sat near $1.05M CAD, ↓~5% yearly; benchmark pricing ↓~7%, improving buyer leverage across segments.
Condo pricing remains the pressure point: economists expect another ↓~6% to ~7% in 2026, then ↓~3% in 2027, so timing and valuation discipline matter.
Ontario foreclosure listings reached a two-yr high in Early-Q2, with >300 properties in accessible agent databases, signaling more negotiable listings for prepared buyers.
Investor interest is shifting toward rental conversion: one firm plans $500M CAD for >1K new Toronto condos, aided by a tax rebate.
Looking ahead, forecasts suggest Toronto may face a new-housing shortage by 2030, as reduced condo starts intersect with continued national population growth and demand.