According to Rishi Sondhi, economist at Toronto-Dominion Bank, the Greater Toronto Area’s housing market is expected to experience a subdued 2026, particularly within the condo segment. While home sales and prices are predicted to stabilize later this year, the condo market’s correction is anticipated to drag down overall performance. Sondhi points to recent sales levels comparable to previous economic downturns and a high condo inventory as factors contributing to this outlook. He suggests potential buyers may be waiting for further price drops, especially in the condo market where prices may be at 2019 levels. However, an eventual easing of trade tensions and improvements in the macro economic backdrop are expected to bolster confidence and stabilize prices. For a deeper dive into Sondhi’s predictions and the factors shaping the GTA’s real estate landscape, read the full article on The Globe and Mail.
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