Toronto housing starts ↓10% yearly versus the previous year, a clear sign construction activity moderated in the city's larger urban market during current tracking.
Toronto was tracking 37 building permits tied to 6.6K condominium apartment units where construction had not yet begun in the current pipeline.
The agency said some pending projects could still move forward, because related pre-sales likely happened much earlier than the current reduction in sales activity.
Housing-start data can lag current conditions, because large Toronto projects move through planning and pre-sale phases, permit issuance, then actual construction before starts appear.
That means Toronto's current starts may understate real-time activity, and some permitted condo units could still break ground as the pending pipeline advances.
Author: millionairerealtormom-com
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Toronto Starts Fall Short of Target | My Speciality is Comparative Market Analysis & Evaluation @ No cost. I help you achieve your forever Home
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Happy Labour Day! | My Speciality is Comparative Market Analysis & Evaluation @ No cost. I help you achieve your forever Home
Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited. -
Falling home prices drive record 10th straight quarter of affordability gains
As someone who closely monitors market trends in the Greater Toronto Area, I’ve noticed a remarkable shift: for the 10th consecutive quarter, housing affordability has improved. This is largely due to falling home prices, which have helped balance out the impact of rising mortgage rates. Right now, home payments account for 51.1% of median income. While Vancouver still tops the list as the least affordable city, the path ahead for affordability gains will rely on both steady income increases and keeping price growth in check. My focus on detailed market analysis means I’m always watching these numbers, ensuring clients can make informed decisions—whether you’re buying your dream home or aiming to sell for top dollar.
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GTA housing market tightens in July
GTA resale housing market tightened in July 2026 with home sales slightly down 0.9% year-over-year and new listings dropping 17.8%. Condo sales fell 0.1%, mainly outside Toronto, while townhome sales decreased 2.7% overall but rose 8.7% in Toronto. Average condo prices dropped 2.3%, townhomes 3.9%, and the Home Price Index fell 4.6%. Market conditions suggest increased buyer competition and limited negotiation room.
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POV: You’re House Hunting In Toronto—Here’s The Catch | My Speciality is Comparative Market Analysis & Evaluation @ No cost. I help you achieve your forever Home
CMHC expects Toronto sales to increase in 2026, even while prices remain below recent peaks.
Here’s the overlooked part: today’s abundant inventory could give patient buyers more choice and negotiating room.
Royal LePage expects GTA prices to decline 2% by Q4 2026, while activity continues building.
The bigger opportunity may be buying when competition is quiet—not perfectly predicting the market’s bottom. -
Toronto Buyers Enjoy More Negotiating Power in Home Market
Toronto area homebuyers are increasingly negotiating below asking prices as market conditions shift from a seller's market to a more balanced one. In July, 78.1% of homes sold below asking, with a median discount of 2.8%. Higher-priced homes saw larger discounts, with 86.4% selling below asking. Buyers now have more leverage due to greater inventory and choice, though signs show this advantage may lessen if listings decline. Realistic pricing and market responsiveness are key for sellers.
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Toronto Affordability Gains in Q2 2026 | My Speciality is Comparative Market Analysis & Evaluation @ No cost. I help you achieve your forever Home
In Late-Q2 2026, Toronto saw one of the strongest affordability gains as falling home prices, not easier financing, became the main driver.
Toronto recorded a ~2.5-point affordability improvement after its representative home price fell ~4% during the quarter, leaving the payment-to-income ratio near 68%.
In Toronto, the shift from rate-driven to price-driven gains was especially clear, highlighting how softer prices recently improved buying conditions more than mortgage rates.
For Toronto buyers, mortgage rates were not expected to deliver much additional relief over the next year, making other affordability supports increasingly important.
In Toronto, further affordability improvement increasingly depended on income growth and restrained home-price appreciation, as financing costs were no longer expected to help. -
Some of the hottest real estate markets in the Greater Toronto Area
As someone who specializes in comparative market analysis here in the Greater Toronto Area, I always keep a close eye on the latest trends. This past year, we've seen real estate prices dip by 4.5%, settling around $1 million. Sales are down 6.8%, with active listings dropping 22.3% and new listings off by 17.3%. What's interesting is that homes are moving faster despite this tighter inventory—buyers are clearly being drawn to the outer municipalities. Navigating these shifts takes a keen understanding of the local market, and my focus remains on helping clients make smart decisions, whether they're buying or selling.
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What you need to know about Toronto’s shift to a ‘balanced’ housing market
Toronto’s housing market is experiencing a notable shift — we’re seeing the move toward a truly balanced landscape. As someone who specializes in comparative market analysis here in the Greater Toronto Area, I’ve observed fewer listings and stable sales figures, with home prices having dropped over 25% since 2022. This shift means negotiations between buyers and sellers are more even, with neither side holding a clear advantage. For anyone considering their next step, understanding these dynamics can make all the difference in maximizing your sale or finding the right opportunity.
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