Toronto and Vancouver have experienced a notable shift in their real estate landscapes. Inflation-adjusted home prices in both cities have dropped about 10%—the sharpest decline among 23 global markets. While prices have dipped below previous peaks, the cost of owning remains elevated, and Canada’s national home prices are now at their lowest since 2023, largely due to ongoing supply constraints.
As someone who has navigated over 450 transactions in the GTA and studied market cycles closely, I’ve seen how changes like these impact both buyers and sellers. Understanding the underlying factors—and recognizing that high demand and limited supply continue to shape our market—is key to making informed decisions. Leveraging experience and a data-driven approach helps my clients stay confident, even as the headlines shift.
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