Toronto’s micro condo market, once a favorite among investors, is predicted to face ongoing struggles in 2026. A significant drop in popularity over the past two years shows no signs of reversing, as the broader condo market deals with persistent headwinds. Factors like slowing population growth and falling rents are contributing to this downturn.
According to BILD, new condo sales in the GTA plummeted by 92% below the 10-year average in November. TRREB data reveals that average condo prices in downtown Toronto decreased by 1.7% in November, and across the GTA, prices slipped by 8.7% year-over-year. Despite lower prices, a surge of new buyers is not expected due to a disconnect between buyer expectations and developer costs.
Industry experts suggest a shift towards larger, more livable condos targeted at end-users. While a Rates.ca survey indicates that 35% of Canadians believe condos are no longer a good investment, younger Canadians remain more open to purchasing them. For a deeper dive into the challenges and potential shifts in Toronto’s condo market, read the full article on mpamag.com.
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