{"id":25,"date":"2026-09-23T10:00:00","date_gmt":"2026-09-23T10:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/yourhomeandcondo-com\/2026\/09\/23\/toronto-area-home-prices-dip-below-1-million\/"},"modified":"2026-09-23T10:00:00","modified_gmt":"2026-09-23T10:00:00","slug":"toronto-area-home-prices-dip-below-1-million","status":"publish","type":"post","link":"https:\/\/www.yourhomeandcondo.com\/blog\/2026\/09\/23\/toronto-area-home-prices-dip-below-1-million\/","title":{"rendered":"Toronto Area Home Prices Dip Below $1 Million"},"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\/javed-noor\/toronto-area-home-prices-dip-below-1-million-for-second-time-this-year-remotion-videos-f21b\"\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>Toronto area home prices have recently dipped just below the $1 million mark, with the average sale now around $993,000\u2014about 3% lower than this time last year. For many buyers, this shift has brought a welcome improvement in affordability. However, inventory has also tightened: new listings dropped by about 14% year-over-year to approximately 12,100, which means fewer homes on the market and less choice for those searching. In this period, REALTORS\u00ae facilitated just over 5,000 sales, down about 2% from last year. With fewer options available, competition among buyers may increase, which could help support prices moving forward. Even as mortgage rates remain steady and the economy shows positive signs, concerns about future inflation and borrowing costs are prompting some households to pause. If inventory continues to tighten and prices begin to rise, we may see buyers act more quickly, and sellers could find better conditions to list their homes. With over a decade of experience in the GTA market, I\u2019ve seen how quickly market dynamics can shift\u2014and how valuable local expertise becomes in navigating these changes. My commitment is always to guide clients with up-to-date insights, strong representation, and service tailored to their goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto area home prices have recently dipped just below the $1 million mark, with the average sale now around $993,000\u2014about 3% lower than this time last year. For many buyers, this shift has brought a welcome improvement in affordability. However, inventory has also tightened: new listings dropped by about 14% year-over-year to approximately 12,100, which [&hellip;]<\/p>\n","protected":false},"author":439,"featured_media":53,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/posts\/25","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/users\/439"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/comments?post=25"}],"version-history":[{"count":0,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/posts\/25\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/media\/53"}],"wp:attachment":[{"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/media?parent=25"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/categories?post=25"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/tags?post=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}