Book An Appointment: Search Listings and Sold Prices For FREE: DOWNLOAD Our FREE Guide For Buyers and Seller: Serious about buying or selling Toronto Real Estate? Interview the Storey Team. You'll be glad you did. [00:00] Introduction to the 2026 Toronto Housing Market An overview of current market trends, noting that the market hasn't fully bottomed out yet, but large drops have mostly stabilized. [01:03] The "Good": High Demand for...
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Serious about buying or selling Toronto Real Estate? Interview the Storey Team. You'll be glad you did. https://storeyteam.ca/
[00:00] Introduction to the 2026 Toronto Housing Market
An overview of current market trends, noting that the market hasn't fully bottomed out yet, but large drops have mostly stabilized.
[01:03] The "Good": High Demand for Starter Freehold Properties
A breakdown of the active markets east and west of downtown Toronto (e.g., Riverdale, Leslieville, The Junction), specifically for semi-detached and freehold homes under $1.5 million.
[03:08] The "Good": Cooling Rental Prices
Good news for renters: rental prices have been trending downwards since their peak in the summer of 2023.
[04:18] The "Bad": The Slowing Toronto Condo Market
A look at the oversupplied condo market, which currently makes up 65-70% of available inventory, causing smaller units (especially those without parking) to sit on the market.
[07:31] Which Condos Are Still Selling?
Explaining the specific types of condos that continue to perform well, such as larger, established units (1+ den or 2 bedrooms) with parking spaces.
[09:02] The "Ugly": Massive Losses in Pre-Construction
The difficult reality for buyers who purchased pre-construction condos at the peak of the market 3-4 years ago, outlining their current tough options: closing at a loss, walking away from deposits, or assigning the condo at a steep discount.
[11:14] How Developers Are Navigating the Market
Insight into how developers are handling the excess inventory, walking away from new builds, and trying to clear out completed stock amidst high development fees.
[12:13] Conclusion & Final Thoughts
Wrapping up the "good, bad, and ugly" of the current Toronto housing landscape.
The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.
