Toronto’s multi-unit housing starts are expected to support 2026 construction growth.
End-year 2025 momentum may translate into early 2026 activity.
Smaller residential projects will continue to replace large-scale towers.
Construction activity may stabilize compared with previous years.
Economic uncertainty may moderate Toronto’s 2026 housing expansion.
February 26, 2026
Toronto Housing Hits Five-Year Reset
Toronto’s average home price dipped to $973,289, falling 6.5% year-over-year, first sub-$1M since 2020. Pandemic-era price growth is gone, pushing Canada’s priciest markets back to late-2020 levels. Mortgage stress is rising as renewals hit higher...
