We’re seeing some notable shifts in the GTA market this year. Average home prices have dipped by 2.7%, now sitting at $993,410. Condos, in particular, have taken a hit, with average prices down to $617,593. What stands out is that smaller condos under 500 sq ft are experiencing the steepest declines, and most condos are currently selling below list price. This trend is largely due to an oversupply of investor-focused units. Having spent over 16 years guiding clients through these changing conditions, I know how important it is to have insights tailored to your unique situation—especially when the market is moving quickly. If you’re navigating your next move, understanding these details can make all the difference.
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