Toronto’s housing market has taken quite a turn—once the world’s strongest, it’s now seeing the sharpest price drops among 23 major global cities, alongside Vancouver. In fact, inflation-adjusted home prices in both cities have fallen about 10%. Even though prices are lower than their previous peaks, the cost of owning a home remains high, and national prices have reached their lowest point since 2023 due to limited housing supply. As someone who specializes in comparative market analysis here in the GTA, I know how important it is to understand these shifts. Navigating these ups and downs is all about having the right information and the right strategy to achieve your goals—whether you’re looking to buy your dream home or sell for top dollar.
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