{"id":25,"date":"2026-09-07T09:00:00","date_gmt":"2026-09-07T09:00:00","guid":{"rendered":"https:\/\/www.apurbasaharealestate.com\/blog\/2026\/09\/07\/toronto-condo-affordability-resets\/"},"modified":"2026-09-07T09:00:00","modified_gmt":"2026-09-07T09:00:00","slug":"toronto-condo-affordability-resets","status":"publish","type":"post","link":"https:\/\/www.apurbasaharealestate.com\/blog\/2026\/09\/07\/toronto-condo-affordability-resets\/","title":{"rendered":"Toronto Condo Affordability Resets"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/apurba-saha\/toronto-montreal-condos-remotion-videos-90de-b0e2\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>It\u2019s interesting to see how Toronto condo affordability has come full circle: by Q1 2026, the numbers show we\u2019re essentially back to 2019 levels. Prices have fallen faster than most expected, while incomes have kept rising\u2014a rare combination that\u2019s given sidelined buyers a window of opportunity. Right now, Toronto households are spending about 36% of their pre-tax income on condo ownership. That\u2019s actually down from the ~39% we saw in late 2019, though still above the comfortable ~30% guideline.<\/p>\n<p>Some recent sales have been eye-opening: downtown units under 700 sq-ft have traded below 2017 prices, and in a few cases, agents are seeing deals close at prices last seen in 2019. But what stands out most to me is that product matters more than ever. Larger, unique corner units in boutique buildings are still commanding a premium, while typical seventh-floor highrise units aren\u2019t performing as well.<\/p>\n<p>There\u2019s certainly some relief for buyers here, especially those who felt priced out for years. But I always remind clients\u2014especially first-timers and newcomers\u2014that affordability isn\u2019t just about the sticker price. Condo fees, property taxes, utilities, and today\u2019s borrowing costs all add up, so the picture is still stretched compared to the past. And for anyone eyeing a single-family home in Toronto, the leap remains much bigger. As someone who\u2019s helped a range of buyers and sellers navigate these choices, I know every situation is unique\u2014and I\u2019m always happy to bring a teacher\u2019s patience and clarity to the process.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s interesting to see how Toronto condo affordability has come full circle: by Q1 2026, the numbers show we\u2019re essentially back to 2019 levels. Prices have fallen faster than most expected, while incomes have kept rising\u2014a rare combination that\u2019s given sidelined buyers a window of opportunity. Right now, Toronto households are spending about 36% of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":26,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/posts\/25","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=25"}],"version-history":[{"count":0,"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/posts\/25\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/media\/26"}],"wp:attachment":[{"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=25"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=25"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apurbasaharealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}