The GTA real estate market is shifting, and recent numbers highlight some key trends. As of mid-Q3 2026, the average home price across the GTA was $993,000—a 3% decline from last year, continuing the gradual easing we've seen for buyers. Condo apartments averaged $618,000, also down year-over-year, but it's the micro-condos (under 500 sq ft) that are feeling the most significant depreciation. These smallest units have been particularly challenging to sell, as more buyers are able to access larger spaces and demand from end users remains limited.
In early Q3, nearly every GTA neighbourhood with at least five condo sales (about 98%) saw units selling below list price. This has created exceptional negotiating opportunities for active buyers. Even single-family homes experienced underbidding in roughly 92% of neighbourhoods, though condos have proven more sensitive as investor interest has cooled and investor-type units spend longer on the market.
Drawing on years of experience navigating Brampton, Caledon, and the surrounding areas, I know that understanding these shifts—especially in a changing condo segment—can make all the difference when making your next move. My approach is always to provide honest advice and personalized service, helping you make confident decisions in any market condition.
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