{"id":35,"date":"2026-09-30T15:00:00","date_gmt":"2026-09-30T15:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/kawaliteam-ca\/2026\/09\/30\/ontario-micro-condos-face-steep-depreciation\/"},"modified":"2026-09-30T15:00:00","modified_gmt":"2026-09-30T15:00:00","slug":"ontario-micro-condos-face-steep-depreciation","status":"publish","type":"post","link":"https:\/\/www.kawaliteam.ca\/blog\/2026\/09\/30\/ontario-micro-condos-face-steep-depreciation\/","title":{"rendered":"Ontario Micro-Condos Face Steep Depreciation"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/joe-kawalit\/home-depreciating-toronto-remotion-videos-afb6\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Seeing the latest numbers from Mid-Q3 2026, it\u2019s clear the GTA market is continuing to evolve. The average home selling price now sits at $993K, down about 3% year-over-year\u2014making things a bit more favorable overall for buyers. For condo apartments, the average price came in at $618K, dipping below last year\u2019s mark. What really stands out is how sharply micro-condos\u2014those under 500 sq-ft\u2014have 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.<\/p>\n<p>In Early-Q3, nearly every GTA neighbourhood with at least five condo sales\u2014about 98%\u2014saw condos closing below list price. That\u2019s opened up more negotiating power for active buyers than we\u2019ve 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.<\/p>\n<p>After nearly two decades working in residential and luxury real estate throughout Mississauga, Oakville, and the GTA, I\u2019ve seen how quickly market dynamics can shift. If you\u2019re navigating your next move\u2014whether buying your first condo or considering a change in your portfolio\u2014understanding these trends is key to making informed decisions.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Seeing the latest numbers from Mid-Q3 2026, it\u2019s clear the GTA market is continuing to evolve. The average home selling price now sits at $993K, down about 3% year-over-year\u2014making things a bit more favorable overall for buyers. For condo apartments, the average price came in at $618K, dipping below last year\u2019s mark. What really stands [&hellip;]<\/p>\n","protected":false},"author":466,"featured_media":36,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/posts\/35","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/users\/466"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/comments?post=35"}],"version-history":[{"count":0,"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/posts\/35\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/media\/36"}],"wp:attachment":[{"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/media?parent=35"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/categories?post=35"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kawaliteam.ca\/blog\/wp-json\/wp\/v2\/tags?post=35"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}