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Here's how much home prices have fallen in Toronto amid real estate slump

Becky Robertson

created: Sept. 15, 2025, 7:47 p.m. | updated: Sept. 17, 2025, 10:36 a.m.

Amid paltry home-buying activity and a constant flow of new listings, real estate prices have, naturally, sunk, with the GTA now serving as one of only three major hubs where the cost of the average house, condo or townhome has fallen over the last year. According to real estate listing site Wahi, the Canadian market at large is "holding steady," all things considered, with the exception of Toronto, Vancouver, and Hamilton — all markets that are known for being red-hot. Meanwhile, far fewer homes are changing hands, pulling prices down. Though Wahi notes that its nationwide home price index didn't budge much last month, the aforementioned exceptions, including Toronto, are noteworthy. And, according to authorities like the Toronto Regional Real Estate Board (TRREB), the cost of a home has actually dropped even more than that in the year (5.2 per cent, per last month's TRREB Market Watch Report).

3 weeks, 3 days ago: blogTO