I've been closely watching the shifts in the Greater Toronto Area market, and recent numbers are quite telling. Average home prices have dipped by 2.7%, settling at $993,410. Condos now average $617,593, but it's the smaller units—under 500 sq ft—that are experiencing the steepest declines. With an oversupply of investor-focused condos, most are selling below their list prices. As someone who specializes in Ontario residential houses and condos, I always aim to keep my clients informed and well-prepared for these changing trends, ensuring their decisions are grounded in both experience and real-time data.
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