06/16/2026
GTA Condo Market Report | May 2026 📉
Benchmark condo prices across every GTA city dropped sharply month over month.
All regions recorded double-digit monthly declines:
Toronto & Oakville -9%|Vaughan & Mississauga -10%|Richmond Hill -11%|Markham -12%
Year-over-year depreciation hits 9% to 12% for all areas, with Markham seeing the steepest annual drop at 12%.
Now let’s spark a conversation:
Do you believe condo prices have hit rock bottom?
First-time buyers — Is this your ideal window to purchase?
Investors — Will you hold off and wait for further price cuts?
Leave your market predictions and opinions in the comment section below 👇