As we move into the second half of 2026, the Greater Toronto Area real estate market is showing signs of renewed energy. According to TD Bank economist Rishi Sondhi, a tightening supply-demand balance is creating a more competitive landscape, particularly for homes priced between $1 million and $1.5 million. While luxury properties face lingering uncertainty and a shrinking buyer pool, the mid-tier segment is seeing fierce activity—evidenced by properties frequently drawing multiple offers. Despite concerns regarding mortgage renewals in 2027, experts suggest the risks are manageable, with supply expected to remain constrained due to lower condo completions. As buyers and sellers align on price expectations, the GTA is currently driving a more positive national housing forecast. To understand how these shifting dynamics might impact your next move, read the full analysis at The Globe and Mail.
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