08/12/2026
READ:
• Average GTA Condo Price: ~$630,000 – $658,000 depending on the specific mix of active month data.
• City of Toronto Average: Slightly higher, averaging around $649,000.Market
• Peak Comparison: Prices are down roughly 25% to 30% from the peak levels seen in early 2022.
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FROM THE BOARD:
Elevated choice in the marketplace resulted in the average condominium apartment selling price trending lower year-over-year – down by 9.1 per cent to $618,484 in Q1 2026 compared to $680,243 in Q1 2025. The average selling price in the City of Toronto was $649,330, which was above the GTA average but below the $711,258 average price recorded in the City of Toronto during the first quarter of 2025.
Lower borrowing costs and selling prices compared to a year ago improved affordability. In the months ahead, this improvement could result in increased sales. In addition, the fact that new listings entered into TRREB’s MLS® System were lower compared to Q1 2025 suggests that market conditions could tighten in the months ahead. Tighter market conditions would initially provide some support for prices and ultimately a resumption of growth beyond 2026.
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