Toronto's 2026 new home market sees condo sales at 1990s lows, project delays, and oversupply, while low-rise homes remain more stable. Average home prices are around $1 million. Growth areas include Scarborough, Port Lands, Vaughan, Mississauga, and Etobicoke. Buyers are advised to choose financially stable developers and be cautious of appraisal gaps, assignment sale issues, mortgage shocks, and project cancellations.