It’s striking to see just how much Toronto and Vancouver have shifted in the high-end real estate landscape. Over the past year, Toronto’s housing market experienced an 11% drop—the steepest among 23 cities—with prices now close to 30% below their peak. Factors like higher interest rates, the foreign-buyer ban, and increased inventory are all playing a role. Vancouver hasn’t been immune either, posting a 10% annual decline and a 20% drop since 2022, with further softening anticipated.
Having navigated the GTA market through many cycles, I know these numbers represent more than just statistics—they impact real families, investments, and long-term plans. My focus remains on strategic pricing and tailored advice to help clients make informed decisions, especially in times of change. Even as market conditions evolve, a hands-on, results-driven approach continues to be essential for maximizing outcomes.
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