There’s a lot to consider in today’s GTA market, especially when it comes to condos. The average home price in the GTA sat at $993K in Mid-Q3 2026, showing a year-over-year decrease of about 3%. Condo apartments averaged $618K, also down from last year, but it’s the micro condos—those under 500 square feet—that really stood out for steep depreciation. These smaller units have become harder to sell, with most buyers now able to look at more spacious options. In Early-Q3, about 98% of GTA neighbourhoods (with at least five sales) saw condos selling below list price, so buyers found themselves with more negotiating power than usual. Even single-family homes saw underbidding in roughly 92% of neighbourhoods, but condos were particularly sensitive as investor interest faded. With a focus on honest advice and keeping your stress to a minimum, I always aim to help clients navigate these shifting trends and make informed decisions that fit their needs.
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