It’s no secret that the Greater Toronto Area market is shifting. The latest numbers show average home prices have slipped 2.7% to $993,410, and condos are feeling the pressure — the average condo now sits at $617,593. What really stands out is how small condos under 500 sq ft are taking the biggest hit, depreciating at twice the rate of other home types. Many of these units, built with investors in mind, are now selling below list price as there’s simply too much supply. As someone who’s helped buyers and sellers navigate changing markets for nearly three decades, I know these trends can feel daunting, especially if you’re weighing your next move. Real estate decisions should be based on honest guidance and a clear understanding of what matters most to you — not just numbers on a page. If you’re sorting through your options, remember: the right move is always the one that fits your life, not just the market.
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