Noticing shifts in the Greater Toronto Area market: while the average home price has dipped 2.7% to $993,410, condos have seen even more distinct changes, now averaging $617,593. Small condos under 500 sq ft are feeling the pinch the most, experiencing the sharpest price declines. With an abundance of investor-focused units, most condos are now selling below list price. As your dedicated partner in real estate and home inspection, staying on top of these trends is essential to making informed decisions—whether you’re buying, selling, or investing.
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