Average home prices across the GTA slid from $1.12M in spring to $1.02M this summer — about a $100K drop and roughly 5% lower than last year.

Yet at the same time, buyer activity is increasing and new listings are up by nearly 10% YoY. Downtown Toronto condos are now below 2019 levels, while Oakville detached homes are holding firm. North York, on the other hand, is still trying to recover.

🔎 For real estate professionals, investors, and homeowners, this is a pivotal moment to watch. Inventory trends, sales-to-new-listings ratios, and days-on-market all signal shifting dynamics across the GTA.

💬 What’s your take? Are we heading into a continued price correction or approaching a buying opportunity this fall?