As your dedicated partner in real estate and home inspection, I keep a close eye on Toronto’s market shifts. Recently, Toronto slipped into the moderate bubble-risk category, with inflation-adjusted home prices dropping by nearly 10% over the past year—a sharper reset than almost any other global city. Benchmark pricing also softened: the composite home-price measure is down about 5% year-over-year, landing the average value near $931,000. While central condos may seem more affordable on the surface, a closer look—factoring in mortgage interest, maintenance, taxes, and risk premium—shows that owning still costs significantly more than renting. For fellow brokers, this means we’re operating in a tight window: prices are softer, but if demand rebounds before supply catches up, the market could heat up again. To restore 2019-level affordability, Toronto will need to boost annual housing starts by roughly 50% over the next decade—a clear reminder of how critical supply remains in shaping opportunities for buyers and sellers alike.