Author: KELVIN YU, Broker

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

In Mid-Q3, just 2% of qualifying GTA neighbourhoods landed in overbidding territory, versus 3% in Early-Q3, signaling softer buyer competition across the market.
Among 267 qualifying GTA neighbourhoods, 97% were underbid and 1% sold at asking in Mid-Q3, showing bidding wars were rare across GTA.
The condo and single-family gap kept narrowing: 95% of neighbourhoods with enough single-family sales were underbid, versus 98% of qualifying condo neighbourhoods.
An economist said Mid-Q3 had been one of GTA Real Estate’s quietest periods, and recently that pattern meant less competition for buyers.
Across 4.2K GTA homes sold in Mid-Q3, 79% changed hands below asking, versus 78% in Early-Q3, as single-family homes stopped bucking softer demand.

In Mid-Q3, just 2% of qualifying GTA neighbourhoods landed in overbidding territory, versus 3% in Early-Q3, signaling softer buyer competition across the market.
Among 267 qualifying GTA neighbourhoods, 97% were underbid and 1% sold at asking in Mid-Q3, showing bidding wars were rare across GTA.
The condo and single-family gap kept narrowing: 95% of neighbourhoods with enough single-family sales were underbid, versus 98% of qualifying condo neighbourhoods.
An economist said Mid-Q3 had been one of GTA Real Estate’s quietest periods, and recently that pattern meant less competition for buyers.
Across 4.2K GTA homes sold in Mid-Q3, 79% changed hands below asking, versus 78% in Early-Q3, as single-family homes stopped bucking softer demand.

In Mid-Q3, just 2% of qualifying GTA neighbourhoods landed in overbidding territory, versus 3% in Early-Q3, signaling softer buyer competition across the market.
Among 267 qualifying GTA neighbourhoods, 97% were underbid and 1% sold at asking in Mid-Q3, showing bidding wars were rare across GTA.
The condo and single-family gap kept narrowing: 95% of neighbourhoods with enough single-family sales were underbid, versus 98% of qualifying condo neighbourhoods.
An economist said Mid-Q3 had been one of GTA Real Estate’s quietest periods, and recently that pattern meant less competition for buyers.
Across 4.2K GTA homes sold in Mid-Q3, 79% changed hands below asking, versus 78% in Early-Q3, as single-family homes stopped bucking softer demand.

In Mid-Q3, just 2% of qualifying GTA neighbourhoods landed in overbidding territory, versus 3% in Early-Q3, signaling softer buyer competition across the market.
Among 267 qualifying GTA neighbourhoods, 97% were underbid and 1% sold at asking in Mid-Q3, showing bidding wars were rare across GTA.
The condo and single-family gap kept narrowing: 95% of neighbourhoods with enough single-family sales were underbid, versus 98% of qualifying condo neighbourhoods.
An economist said Mid-Q3 had been one of GTA Real Estate’s quietest periods, and recently that pattern meant less competition for buyers.
Across 4.2K GTA homes sold in Mid-Q3, 79% changed hands below asking, versus 78% in Early-Q3, as single-family homes stopped bucking softer demand.