Toronto's condo market in 2026 looks very different from the frenzy of 2021–2022. Inventory has increased significantly, days-on-market are up, and buyers have more leverage than they've had in years.
What's Driving the Shift
A wave of pre-construction completions has added thousands of units to the resale market. Many investor-owned units are being listed as landlords face tighter margins. This supply increase, combined with higher mortgage rates, has softened condo prices across the GTA.
Where the Opportunities Are
Downtown Toronto condos under $700,000 are seeing the most activity. Buyers who were priced out in 2022 are returning. Motivated sellers and longer listing periods mean conditional offers and price negotiations are back on the table.
What to Watch Out For
Not all buildings are equal. Maintenance fees, reserve fund health, and property management quality vary widely. A status certificate review is essential before any condo purchase.
Interested in finding the right condo at the right price? Book a strategy session with our team.
January 29, 2026
