Seeing the latest numbers from Mid-Q3 2026, it’s clear the GTA market is continuing to evolve. The average home selling price now sits at $993K, down about 3% year-over-year—making things a bit more favorable overall for buyers. For condo apartments, the average price came in at $618K, dipping below last year’s mark. What really stands out is how sharply micro-condos—those under 500 sq-ft—have taken a hit. These smallest units are proving hardest to sell, as more buyers shift their focus toward larger homes with greater long-term appeal.
In Early-Q3, nearly every GTA neighbourhood with at least five condo sales—about 98%—saw condos closing below list price. That’s opened up more negotiating power for active buyers than we’ve seen in some time. Even single-family homes experienced underbidding in roughly 92% of neighbourhoods, but condos, especially the investor-oriented ones, have been particularly sensitive as investor demand has softened.
After nearly two decades working in residential and luxury real estate throughout Mississauga, Oakville, and the GTA, I’ve seen how quickly market dynamics can shift. If you’re navigating your next move—whether buying your first condo or considering a change in your portfolio—understanding these trends is key to making informed decisions.
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