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 prices to decline 2% by Q4 2026, while activity continues building.
The bigger opportunity may be buying when competition is quiet—not perfectly predicting the market’s bottom.
September 23, 2026
Toronto Area Home Prices Dip Below $1 Million | Reach out to me for buying or selling. First time? Call for a FREE consultation.
Seeing Toronto area home prices dip just below the $1 million mark—averaging around $993,000 and about 3% lower than last year—brings a shift in the landscape for many buyers looking for more affordability. However, with...