The GTA housing market remains in a state of ‘gridlock’ this spring, according to a recent Royal LePage forecast. While many Canadian regions anticipate modest gains, the GTA is bucking the trend with a projected 4.5% decline in home prices by the fourth quarter of 2026 compared to late 2025. Royal LePage reports that the aggregate price of a GTA home hit $1.09 million in Q1 2026, marking a 4.7% year-over-year decrease.
Shawn Zigelstein of Royal LePage Signature Realty describes a market defined by hesitation, as both buyers and sellers wait for clearer signals. However, opportunities are emerging for first-time buyers and those looking to downsize. With geopolitical uncertainty and fluctuating interest rates influencing buyer behavior, experts suggest we may have yet to hit the market bottom. For a deeper dive into these regional trends and expert analysis, read the full report at the Toronto Star.
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