It’s interesting to see the shifts in our local real estate landscape: in the Greater Toronto Area, average home prices have dipped by 2.7% to $993,410, and condos are feeling the effects most sharply. Condo prices have dropped to $617,593, with smaller units under 500 sq ft experiencing the steepest declines. Right now, most condos are selling for less than their listing price, largely because of an oversupply of investor-focused units. As someone who has worked with buyers, sellers, and investors across the GTA and beyond, I always keep a close eye on these trends to help clients make informed decisions—whether you’re navigating the Toronto core or exploring opportunities in Durham, York, Peel, Waterloo, London, Kingston, or Ottawa. My approach is rooted in experience and a commitment to transparent, timely advice, especially when the market is shifting.
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