{"id":26,"date":"2026-09-24T10:00:00","date_gmt":"2026-09-24T10:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/yourhomeandcondo-com\/2026\/09\/24\/toronto-home-prices-slip-below-1m\/"},"modified":"2026-09-24T10:00:00","modified_gmt":"2026-09-24T10:00:00","slug":"toronto-home-prices-slip-below-1m","status":"publish","type":"post","link":"https:\/\/www.yourhomeandcondo.com\/blog\/2026\/09\/24\/toronto-home-prices-slip-below-1m\/","title":{"rendered":"Toronto Home Prices Slip Below $1M"},"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-1eaa\"\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>There\u2019s been a notable shift in the Toronto market: for the first time recently, the average home sale price has dipped just below the $1M mark\u2014coming in at around $993K. That\u2019s about a 3% decrease year-over-year, which is meaningful for buyers looking to improve affordability. However, with new listings down roughly 14% to just over 12,000 and total sales dipping 2% to a little above 5,000, inventory is tightening. This means buyers have fewer options to choose from, and competition remains steady\u2014conditions that can help support prices in the short term.<\/p>\n<p>On the financing side, stable mortgage rates and some positive economic signals have created a window of opportunity for certain buyers, even as concerns over future inflation and borrowing costs linger. If inventory continues to tighten and prices start climbing, we may see buyers feel a renewed urgency, while stronger seller conditions could encourage more listings to come to market.<\/p>\n<p>As someone who\u2019s navigated the GTA real estate landscape for over a decade, I\u2019ve seen how quickly market dynamics can change. It\u2019s critical to have a well-informed strategy, whether you\u2019re buying or selling, to make the most of these evolving conditions.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s been a notable shift in the Toronto market: for the first time recently, the average home sale price has dipped just below the $1M mark\u2014coming in at around $993K. That\u2019s about a 3% decrease year-over-year, which is meaningful for buyers looking to improve affordability. However, with new listings down roughly 14% to just over [&hellip;]<\/p>\n","protected":false},"author":439,"featured_media":54,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26","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\/26","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=26"}],"version-history":[{"count":0,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/posts\/26\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/media\/54"}],"wp:attachment":[{"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/media?parent=26"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/categories?post=26"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yourhomeandcondo.com\/blog\/wp-json\/wp\/v2\/tags?post=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}