{"id":1268,"date":"2026-03-16T08:01:24","date_gmt":"2026-03-16T13:01:24","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/03\/16\/gta-condo-owners-renovating-as-market-downturn-persists\/"},"modified":"2026-03-16T08:01:24","modified_gmt":"2026-03-16T13:01:24","slug":"gta-condo-owners-renovating-as-market-downturn-persists","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/03\/16\/gta-condo-owners-renovating-as-market-downturn-persists\/","title":{"rendered":"GTA Condo Owners Renovating as Market Downturn Persists"},"content":{"rendered":"

Faced with a challenging condo market in the Greater Toronto Area, many owners are choosing to renovate their existing spaces rather than move. A severe mismatch between available inventory and buyer demand, coupled with falling rents, has impacted condo values, leaving would-be move-up buyers on the sidelines. According to a recent report by the Toronto Regional Real Estate Board, condo sales in the GTA fell 15% in the fourth quarter of 2025 compared to the previous year, with average selling prices down 5.1% to $652,945. A HomeStars survey indicates that 34% of Canadians are more likely to renovate in 2026, with that figure jumping to 43% for those aged 18-34. Experts emphasize the importance of considering resale value when renovating. Read the full story on thestar.com for more insights into this trend.<\/p>\n

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Source: Read the original article<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Stuck in place? GTA condo owners are increasingly opting for renovations as the market downturn limits move-up opportunities, with sales down 15% year-over-year.<\/p>\n","protected":false},"author":2,"featured_media":1267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[224,182,221,459,207,461],"class_list":["post-1268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-condo-market","tag-gta","tag-housing-prices","tag-renovations","tag-toronto","tag-trreb"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1268"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1267"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}