
09/16/2025
Why first-time buyers aren’t flocking to the Toronto condo market even as prices slide
Thinking about buying a Toronto condo? 🏙️ Despite a 9.3% price drop, average prices are still sky-high at $680K—leaving monthly costs over $4,000! Would you take the leap, or wait it out? 💸🤔 Share your thoughts below!
Toronto's condo market faces a deep downturn with prices dropping 9.3% year-over-year, yet average prices remain high at around $680,000, deterring first-time buyers. Despite a slight sales increase, affordability is a major issue due to high prices and interest rates, leading to monthly costs over....