Toronto’s affordability landscape shifted slightly in Q2, with the overall measure dropping by about 1 point to around 64%—still positioning our city among the least affordable in the country. Most of the relief came from steady income growth, while home prices started to level out, resulting in the smallest quarterly improvement we’ve seen since Q1 2024. For buyers eyeing the condo market, there’s a bit of good news: condos are now at their most affordable since 2017, offering a more accessible entry point compared to other options. Yet, even with recent gains, Toronto remains the second most challenging market for affordability, just a point away from shifting in the rankings. As someone dedicated to helping clients navigate both real estate and home inspections, I keep a close watch on these trends to ensure you have the most current insights as you shape your next move.