{"id":1409,"date":"2026-04-06T17:00:00","date_gmt":"2026-04-06T17:00:00","guid":{"rendered":"https:\/\/www.kelvinyu.ca\/blog\/?p=1409"},"modified":"2026-04-06T17:00:00","modified_gmt":"2026-04-06T17:00:00","slug":"toronto-home-prices-drop-24-in-mid-q1-watch-todays-real-estate-updates-tips","status":"publish","type":"post","link":"https:\/\/www.kelvinyu.ca\/blog\/2026\/04\/toronto-home-prices-drop-24-in-mid-q1-watch-todays-real-estate-updates-tips\/","title":{"rendered":"Toronto Home Prices Drop 24% in Mid-Q1 | Watch Today&#8217;s Real Estate Updates &#038; Tips"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/kelvin-yu\/toronto-home-prices-dip\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Average price went from $1,334,544 in February 2022 to $1,008,968 in February 2026.<br \/>\nPast downturn: prices \u219321.3% in 4 years after 1989 peak, then bottomed in 1995 at \u219328.5%.<br \/>\nFoch says buyers are sidelined while values seem to \u2193; stability may take years, with prices possibly flat long.<br \/>\nCondo market: avg price \u2193 from nearly $800,000 to just over $625,000; sales \u2193 from 2,772 to 1,088.<br \/>\nSellers must reset expectations and boost curb appeal; buyers should expect short-term depreciation and think 10-year.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Average price went from $1,334,544 in February 2022 to $1,008,968 in February 2026. Past downturn: prices \u219321.3% in 4 years after 1989 peak, then bottomed in 1995 at \u219328.5%. Foch says buyers are sidelined while values seem to \u2193; stability may take years, with prices possibly flat long. Condo market: avg price \u2193 from nearly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/posts\/1409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/comments?post=1409"}],"version-history":[{"count":1,"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/posts\/1409\/revisions"}],"predecessor-version":[{"id":1411,"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/posts\/1409\/revisions\/1411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/media\/1410"}],"wp:attachment":[{"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/media?parent=1409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/categories?post=1409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kelvinyu.ca\/blog\/wp-json\/wp\/v2\/tags?post=1409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}