Prices show no signs of stabilizing in Toronto’s condo market meltdown

Toronto's condo market faces a prolonged crisis with prices hitting a four-year low, down 9.3% year-over-year and 21% since early 2022. Reduced immigration, investor withdrawal, and a surge of new, often small units are worsening oversupply. Despite price cuts, buyers remain hesitant, expecting further declines before the market stabilizes. Experts predict continued price drops until affordability aligns with incomes.