Here’s how much the average home in Toronto is expected to cost by 2032

Toronto's housing market faces a crisis marked by high prices and oversupply due to falling buyer interest. A Concordia University report using AI predicts average home prices will rise from $1.4 million in 2024 to $1.8 million by 2032. It urges easing municipal regulations and speeding approvals to boost supply but stresses that supply-side measures alone won't solve affordability. Long-term, multi-faceted policies addressing immigration, population growth, and construction costs are essential.