Toronto’s housing market, once leading the world, has seen a significant shift. Both Toronto and Vancouver experienced inflation-adjusted home price declines of about 10%—the largest drop among 23 global cities. Even with prices now below previous highs, the cost of owning remains elevated, and national prices have reached their lowest levels since 2023, largely due to limited housing supply. As someone who’s guided over 700 clients through the Greater Toronto Area’s market cycles, I know firsthand how these trends can impact both buyers and sellers. My approach has always been to provide strategic guidance, whether it’s pricing, staging, or marketing, to help clients navigate challenges and make the most of changing conditions.
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