06/16/2026
The average home price is down—but that does not automatically mean every home is dropping at the same rate.
Through May 2026, GTA sales under $1 million increased 8.5% compared with last year, while sales over $1 million declined almost 14%.
That changes the mix of homes being sold and pulls down the overall average price.
It reminds me of my grocery store days: if customers buy less lobster and filet mignon and more ground beef, total sales dollars fall—even if you sell the same number of packages.
Prices may still be adjusting, but the headline average does not tell you what is happening with every home, property type or neighbourhood.
The real question is: what are comparable homes in your specific market actually selling for?
Message me **MARKET** and tell me the area you are watching.