TD Economics has significantly adjusted its 2026 forecast for the GTA housing market, now predicting a slight dip in both sales and prices. This revision follows weaker-than-expected activity in the first two quarters of the year. While a previous forecast anticipated gains, TD now projects a 3.2% decrease in Ontario home sales and a 4% drop in prices.
Factors contributing to this revised outlook include affordability challenges and potential buyers waiting for the market to bottom out. However, TD anticipates a rebound in 2027, driven by improved economic conditions.
For a detailed analysis of the revised forecast and potential market influences, read the full report on ctvnews.ca.
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