Toronto's condo market shows signs of stabilizing, but prices are expected to fall further through mid-2027 due to weak demand and high supply. Sales are down 6% this year, with prices forecasted to drop 7% this year and 2-3% next year, potentially 25-30% below early-2022 peaks. Buyer interest is rising, creating favorable conditions for negotiations, while new developments face challenges, possibly leading to future supply shortages.
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