Prices corrected ~25% since 2022, but slowly—no panic, just hesitation.
Jobs feel shakier, rates still high—confidence matters more than affordability.
Even with lower rates, monthly payments remain 30% higher than pre-pandemic.
The next price move won’t be explosive—it’ll be quiet, slow, and selective.
This isn’t a crash—it’s a reset, rewarding patient buyers and realistic sellers.
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...