Average condo price now $626,650, down from just under $800,000 four years ago.
GTA condo sales last month ↓ to 1,088, more than 60% lower than four years earlier.
In $700K-$800K range, sales went from 784 in Feb 2022 to 88 in Feb 2026.
Preconstruction buyers may owe up to hundreds of thousands if appraisals come in low; some walk away, face lawsuits.
Higher rates, ↓rents, and lower immigration targets are cited as key drags.
Top GTA Detached Home Neighbourhoods of 2026: Where Prices, Sales and Affordability Are Leading the Market
Detached home sales in the Greater Toronto Area gained momentum in early 2026, driven by affordability and value. Only four neighborhoods saw price growth, led by Stonegate-Queensway/Islington-City Centre West (+5%). Sales increases were more widespread,...