Why right now may be one of the best moments to buy in years

Spring is always a busy season in Toronto real estate. But this spring feels different. The rush is calmer. The choices are better. And for buyers who have been waiting patiently, the timing may finally be working in their favour.

Let me share what the numbers are telling us right now — and what that means for you.

The market is balanced — and that is good news for you

Translation? You have time to think. You can negotiate. You can include conditions to protect yourself. That is not something buyers could do in the overheated markets of recent years.

Toronto's market sits in balanced territory right now. That means buyers and sellers hold roughly equal power at the table. Homes are taking about 43 days to sell, up from 33 days a year ago. And the average home is selling about 2% below its asking price.

Translation? You have time to think. You can negotiate. You can include conditions to protect yourself. That is not something buyers could do in the overheated markets of recent years.

Prices are still below last year

Across most major property types, prices in April 2026 remain lower than April 2025. Detached homes averaged $1,372,688 — up slightly month over month, but still down 4.1% year over year. Condo townhomes saw even steeper annual declines.

This is not a crash. It is a correction. And in a city like Toronto, where long-term demand is fuelled by immigration, jobs, and lifestyle, a brief dip in prices is a rare opportunity to buy below the trend line.

The future supply picture is shrinking

Here is a detail that often goes unnoticed. Only 14,659 new condo units are scheduled to complete in 2027 — and just 2,029 units are planned for 2029. Supply is quietly tightening ahead. That means the choices you have today will likely be fewer tomorrow.

Buyers who move now are buying ahead of that tightening. That is a strategic advantage.

A word from your broker

I have been working in Toronto real estate since 2017. I have seen fast markets and slow ones. What I see right now is a rare moment of calm before the next wave. Inventory is up. Bidding wars are fewer. You can take a breath and make a thoughtful decision.

My Concierge Method is built exactly for moments like this. I guide you through every step — from your first showing to your closing day — so you feel informed, confident, and never rushed. Because you deserve more than a transaction. You deserve a home.