According to a recent analysis by BMO senior economist Robert Kavcic, the Greater Toronto Area’s real estate market is undergoing a “long and slow grind” toward affordability. Despite price corrections since the peak of early 2022 (around 17% overall), and decreased borrowing costs, the dream of homeownership remains out of reach for many. Kavcic points to stagnant incomes and the exit of investors as key factors, forecasting continued price stabilization, but not necessarily a resurgence. Detached home prices in the GTA fell 8% year-over-year in November, while condos saw a 3.8% decrease. For a deeper dive into Kavcic’s insights and predictions for 2026, read the full article on The Globe and Mail.
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