Toronto’s average home price dipped to $973,289, falling 6.5% year-over-year, first sub-$1M since 2020.
Pandemic-era price growth is gone, pushing Canada’s priciest markets back to late-2020 levels.
Mortgage stress is rising as renewals hit higher rates, especially for pandemic first-time buyers.
Missed mortgage payments are expected to climb steadily, according to national housing projections.
Empty nesters feel squeezed as adult kids store belongings longer due to high rents and prices.
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