Micro-condos in the GTA are facing real headwinds right now. By mid-Q3 2026, the average home selling price across the GTA sat at $993,000—about 3% lower than last year. Condos overall averaged $618,000, also down, but it’s the micro units (under 500 sq ft) that have taken the sharpest hit in value. These smaller spaces are proving tough to sell, as buyers are gravitating toward larger options that now fit their budgets. In early Q3, condos sold below list price in nearly every GTA neighbourhood with at least five sales—about 98%—giving buyers a level of negotiation power we rarely see. Even single-family homes saw underbidding in around 92% of areas, but condos have become especially sensitive with investor interest cooling and more investor-friendly units lingering on the market. Having helped clients navigate hundreds of successful transactions across Toronto and beyond, I’m always focused on keeping you informed so you can make the best move for your real estate goals in this evolving landscape.
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