Ontario's housing market is expected to see a significant price drop in 2026, with Greater Toronto Area home prices forecasted to fall by 6.4%, repeating last year's decline. Despite lower prices, average GTA home costs remain above $1 million. Inventory has increased by 16.8%, offering more options for buyers. Nationally, single-family home prices may rise 2%, while condos could decline 2.5%. Quebec City is projected to have the highest price gains at 12%.