New listings ↓~18% in Toronto as analysts cite sellers waiting out falling prices.
Toronto sales ↓~6% to ~4K, while new listings fell faster.
Prices kept sliding: Toronto avg. ~$1M, yearly ↓~7%.
Sales have fallen yearly for 5 straight mo; boards expect continued chill, though fewer listings could boost competition.
Toronto condos lagged: sales ↓~12%, prices ↓~9%; recovery may take years.
April 15, 2026
Toronto: Market Under Pressure in 2026?
Elevated inventory levels are expected to keep price growth subdued throughout 2026. Slower population growth and reduced immigration are weighing on housing demand. Condo construction is declining, though rental supply continues to expand. Market conditions...
