10/05/2026
Toronto Housing Market Sharply Reverses
The Toronto housing market has made quite a turn, with inflation-adjusted home prices dropping about 10% over the past year—a sharper reset than almost any city worldwide. Benchmark prices have softened too, with the composite home-price measure now down roughly 5% year-over-year, putting the current value around $931,000. While central condo affordability looks better on paper when only considering income, the full picture—including mortgage interest, maintenance, taxes, and risk premiums—shows that owning still costs well above renting. For those navigating the market, this creates a narrow window: prices are more approachable, but if demand picks up before new listings do, things could tighten quickly. To truly restore the affordability we saw back in 2019, Toronto needs to boost annual housing starts by at least 50% over the next decade—a clear sign of just how much supply is needed. As someone who’s dedicated to guiding clients through both the challenges and opportunities of this market, I believe staying informed and having the right support makes all the difference. Every step I take is focused on making your real estate journey as smooth—and successful—as possible.