{"id":1825,"date":"2026-07-09T08:02:12","date_gmt":"2026-07-09T13:02:12","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/09\/toronto-condo-prices-drop-10-is-this-the-buyers-window-you-waited-for\/"},"modified":"2026-07-09T08:02:12","modified_gmt":"2026-07-09T13:02:12","slug":"toronto-condo-prices-drop-10-is-this-the-buyers-window-you-waited-for","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/09\/toronto-condo-prices-drop-10-is-this-the-buyers-window-you-waited-for\/","title":{"rendered":"Toronto Condo Prices Drop 10%: Is This the Buyer\u2019s Window You Waited For?"},"content":{"rendered":"<p>The Toronto condo market is currently acting as its own &#8216;little beast,&#8217; characterized by a sharp disconnect between rising sales activity and plummeting prices. According to recent data, average condo prices in the city centre slipped 9%, with the 905 region seeing a 10.6% decline, bringing the GTA average to $630,688. While brokers like Micky Khaneka of MKG Mortgages note that excessive supply and &#8216;dog crate&#8217; units continue to weigh on the sector, the silver lining is a significant improvement in affordability. An RBC report confirms that condo affordability has returned to pre-pandemic levels, potentially opening a rare door for first-time buyers to build equity. Despite ongoing appraisal challenges and inventory gluts, the current landscape offers a unique entry point for those ready to navigate a buyer-friendly market. For a deeper dive into these trends and expert analysis, visit the original article at https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/its-own-little-beast-why-torontos-condo-market-is-still-struggling\/581745.<\/p>\n<p><!-- RealEstateToday Source Article --><\/p>\n<div style=\"display:none\" data-original-url=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/its-own-little-beast-why-torontos-condo-market-is-still-struggling\/581745\"><\/div>\n<p><em>Source: <a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/its-own-little-beast-why-torontos-condo-market-is-still-struggling\/581745\" target=\"_blank\" rel=\"noopener\">Read the original article<\/a><\/em><\/p>\n<p><!-- RealEstateToday Instagram Handles --><\/p>\n<div style=\"display:none\" data-instagram-handles=\"@rbc\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto condo prices have tumbled to pre-pandemic levels. Is this finally the perfect entry point for first-time buyers?<\/p>\n","protected":false},"author":3,"featured_media":1824,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[224,650,182,221,207],"class_list":["post-1825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-condo-market","tag-first-time-buyers","tag-gta","tag-housing-prices","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1825","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1825"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1824"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}