In the Greater Toronto Area, average home prices fell 2.7% year-over-year to $993,410, with condo prices dropping from $642,195 to $617,593. The smallest condos under 500 sq ft saw the steepest declines, losing up to $152 per square foot in 2025. Investor demand has waned, making micro units less appealing, while larger units remain more attractive. Most condos now sell below list price amid a market glut of investor-targeted units.