Toronto condo prices fell faster than the broader market in Late-Q1 2026, even as condo sales edged higher and market conditions tightened.
Across the GTA, avg. condo apartment prices fell yearly to ~$620K. In Toronto, they reached ~$648K; in the 905, ~$564K.
Condo sales ↑~2% yearly to 1,422 deals. Regionwide avg. selling price fell to ~$1M, while the benchmark index posted a steeper yearly decline.
The downturn had already been underway. In Mid-Q1 2026, condo apartment sales totaled 1,088, with avg. prices near $627K after a yearly drop.
Local officials said improved affordability appeared to draw more households into the market, while buyers still held strong negotiating power across major segments.
A mortgage broker said affordability remained a huge concern. Some buyers found cheaper resales or newbuilds, while earlier buyers faced appraisal challenges and limbo.
Past warnings also pointed to condo project cancellations and delays in Toronto, raising longer-term supply concer
Your Trusted Real Estate Agent in Toronto
Looking for expert assistance to buy or sell your property in Toronto? Contact us today to work with a professional real estate agent who knows the market inside and out!
Get in TouchBusiness Contact Details
- Address: 305 Milner Ave Unit # 312, Toronto, ON M1B 3V4, Canada. Get Direction - Google Map
- Contact Name: Sivage Sivagumaran
- Phone: +1 416-553-8902
- Email: sivagehomes@sivage.ca
Visit our website at SivageRealty.ca for the latest property listings and personalized services. Let us help you turn your real estate goals into reality. Your dream property is just a call away!
Disclaimer:
The content provided in this blog is for informational purposes only. We recommend consulting with a qualified professional before making any decisions based on the information provided. If you have any questions or concerns, please don't hesitate to reach out to us. Our contact information is available on the Contact page.
