Author: KELVIN YU, Broker

A global wealth manager ranked Toronto among the weakest major housing markets, with home prices ↓~11% yearly, the steepest annual drop across 23 tracked cities.
The firm said Toronto led from 2014 to 2022, with real home prices doubling during rapid population growth, strong investor demand and robust construction.
Since 2022, higher interest rates, a foreign-buyer ban and added supply had driven a sharp correction, leaving Toronto prices nearly ↓30% from peak.
Toronto landed in the report's moderate bubble-risk category because the correction had already narrowed the gap between home prices and what residents could afford.
The outlook then pointed to continued near-term price pressure in Toronto as inventory rose, growth slowed and possible rate hikes kept buyers cautious.

A global wealth manager ranked Toronto among the weakest major housing markets, with home prices ↓~11% yearly, the steepest annual drop across 23 tracked cities.
The firm said Toronto led from 2014 to 2022, with real home prices doubling during rapid population growth, strong investor demand and robust construction.
Since 2022, higher interest rates, a foreign-buyer ban and added supply had driven a sharp correction, leaving Toronto prices nearly ↓30% from peak.
Toronto landed in the report's moderate bubble-risk category because the correction had already narrowed the gap between home prices and what residents could afford.
The outlook then pointed to continued near-term price pressure in Toronto as inventory rose, growth slowed and possible rate hikes kept buyers cautious.

A global wealth manager ranked Toronto among the weakest major housing markets, with home prices ↓~11% yearly, the steepest annual drop across 23 tracked cities.
The firm said Toronto led from 2014 to 2022, with real home prices doubling during rapid population growth, strong investor demand and robust construction.
Since 2022, higher interest rates, a foreign-buyer ban and added supply had driven a sharp correction, leaving Toronto prices nearly ↓30% from peak.
Toronto landed in the report's moderate bubble-risk category because the correction had already narrowed the gap between home prices and what residents could afford.
The outlook then pointed to continued near-term price pressure in Toronto as inventory rose, growth slowed and possible rate hikes kept buyers cautious.

A global wealth manager ranked Toronto among the weakest major housing markets, with home prices ↓~11% yearly, the steepest annual drop across 23 tracked cities.
The firm said Toronto led from 2014 to 2022, with real home prices doubling during rapid population growth, strong investor demand and robust construction.
Since 2022, higher interest rates, a foreign-buyer ban and added supply had driven a sharp correction, leaving Toronto prices nearly ↓30% from peak.
Toronto landed in the report's moderate bubble-risk category because the correction had already narrowed the gap between home prices and what residents could afford.
The outlook then pointed to continued near-term price pressure in Toronto as inventory rose, growth slowed and possible rate hikes kept buyers cautious.

A global wealth manager ranked Toronto among the weakest major housing markets, with home prices ↓~11% yearly, the steepest annual drop across 23 tracked cities.
The firm said Toronto led from 2014 to 2022, with real home prices doubling during rapid population growth, strong investor demand and robust construction.
Since 2022, higher interest rates, a foreign-buyer ban and added supply had driven a sharp correction, leaving Toronto prices nearly ↓30% from peak.
Toronto landed in the report's moderate bubble-risk category because the correction had already narrowed the gap between home prices and what residents could afford.
The outlook then pointed to continued near-term price pressure in Toronto as inventory rose, growth slowed and possible rate hikes kept buyers cautious.

In the current period, Toronto area homes sold for an avg. ~$993K, about ~3% lower yearly, a move that improved affordability for many buyers.
Inventory also tightened in the current period: new listings fell ~14% yearly to ~12.1K, and fewer homes for sale left buyers with less choice.
Toronto area REALTORS® reported just over 5K sales in the current period, down ~2% yearly, while reduced selection could increase competition and support prices.
Local professionals said flat mortgage conditions and positive economic news supported affordability, though trade worries and possible future inflation and borrowing costs restrained some households.
Local professionals said if inventory tightens and prices rise, buyers may act sooner, while better seller conditions could bring more listings to market.

In the current period, Toronto area homes sold for an avg. ~$993K, about ~3% lower yearly, a move that improved affordability for many buyers.
Inventory also tightened in the current period: new listings fell ~14% yearly to ~12.1K, and fewer homes for sale left buyers with less choice.
Toronto area REALTORS® reported just over 5K sales in the current period, down ~2% yearly, while reduced selection could increase competition and support prices.
Local professionals said flat mortgage conditions and positive economic news supported affordability, though trade worries and possible future inflation and borrowing costs restrained some households.
Local professionals said if inventory tightens and prices rise, buyers may act sooner, while better seller conditions could bring more listings to market.

In the current period, Toronto area homes sold for an avg. ~$993K, about ~3% lower yearly, a move that improved affordability for many buyers.
Inventory also tightened in the current period: new listings fell ~14% yearly to ~12.1K, and fewer homes for sale left buyers with less choice.
Toronto area REALTORS® reported just over 5K sales in the current period, down ~2% yearly, while reduced selection could increase competition and support prices.
Local professionals said flat mortgage conditions and positive economic news supported affordability, though trade worries and possible future inflation and borrowing costs restrained some households.
Local professionals said if inventory tightens and prices rise, buyers may act sooner, while better seller conditions could bring more listings to market.

In the current period, Toronto area homes sold for an avg. ~$993K, about ~3% lower yearly, a move that improved affordability for many buyers.
Inventory also tightened in the current period: new listings fell ~14% yearly to ~12.1K, and fewer homes for sale left buyers with less choice.
Toronto area REALTORS® reported just over 5K sales in the current period, down ~2% yearly, while reduced selection could increase competition and support prices.
Local professionals said flat mortgage conditions and positive economic news supported affordability, though trade worries and possible future inflation and borrowing costs restrained some households.
Local professionals said if inventory tightens and prices rise, buyers may act sooner, while better seller conditions could bring more listings to market.