Toronto Housing Market Sharply Reverses | Don’t hesitate to get in touch for any query. -226-883-4455 -realtorjpgill@gmail.com

Toronto landed in the moderate bubble-risk band as inflation-adjusted home prices fell ~10% yearly, creating the sharpest reset among cities tracked globally.
Benchmark pricing also softened, with Toronto's composite home-price measure down ~5% yearly on a seasonally adjusted basis, leaving values near ~$931K recently.
Central condo affordability looked better on income, but once mortgage interest, maintenance, taxes and risk premium were included, owning still cost well above renting.
For brokers, that left a narrow window: prices were softer, but the market could tighten again if demand recovered before supply did.
Toronto must lift annual housing starts by at least ~50% over the next decade to return to 2019 affordability, underscoring the supply challenge.