06/05/2026
You've seen the headlines.
"Toronto home prices falling."
"GTA market in freefall."
"Wait before you buy."
And yes β if you only look at average sale prices, it looks scary.
But here's what those headlines aren't telling you:
π Prices are down 6.7% from last year but that's compared to one of the most overheated markets in Canadian history.
π GTA sales are UP 1.7% year-over-year the first increase since September 2025.
ποΈ New housing supply is running dry TRREB has warned inventory is critically low heading into summer.
π° The Bank of Canada rate sits at 2.25% β the lowest in 3 years. Your mortgage payment today is lower than it was in 2023.
π First-time buyer programs have NEVER been better $50K GST rebate, FHSA, RRSP Home Buyers' Plan, and land transfer tax rebates can save you up to $150K.
The buyers who wait for the "perfect moment" are usually the ones who miss it.
The data isn't telling you to panic. It's telling you to pay attention.
π Drop a "π" in the comments if you want me to send you the full GTA market breakdown no fluff, just numbers.