{"id":78,"date":"2026-10-07T09:00:00","date_gmt":"2026-10-07T09:00:00","guid":{"rendered":"https:\/\/www.gtatorontohomes.com\/blog\/?p=78"},"modified":"2026-10-07T09:00:00","modified_gmt":"2026-10-07T09:00:00","slug":"toronto-area-home-prices-dip-below-1-million","status":"publish","type":"post","link":"https:\/\/www.gtatorontohomes.com\/blog\/2026\/10\/07\/toronto-area-home-prices-dip-below-1-million\/","title":{"rendered":"Toronto Area Home Prices Dip Below $1 Million"},"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\/surender-tandal\/toronto-area-home-prices-dip-below-1-million-for-second-time-this-year-remotion-videos-f21b\" 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>In the current period, Toronto area homes sold for an avg. ~$993K, about ~3% lower yearly, a move that improved affordability for many buyers.<br \/>\nInventory also tightened in the current period: new listings fell ~14% yearly to ~12.1K, and fewer homes for sale left buyers with less choice.<br \/>\nToronto area REALTORS\u00ae reported just over 5K sales in the current period, down ~2% yearly, while reduced selection could increase competition and support prices.<br \/>\nLocal professionals said flat mortgage conditions and positive economic news supported affordability, though trade worries and possible future inflation and borrowing costs restrained some households.<br \/>\nLocal professionals said if inventory tightens and prices rise, buyers may act sooner, while better seller conditions could bring more listings to market.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the current period, Toronto area homes sold for an avg. ~$993K, about ~3% lower yearly, a move that improved affordability for many buyers. Inventory also tightened in the current period: new listings fell ~14% yearly to ~12.1K, and fewer homes for sale left buyers with less choice. Toronto area REALTORS\u00ae reported just over 5K [&hellip;]<\/p>\n","protected":false},"author":149,"featured_media":79,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-78","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/posts\/78","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/users\/149"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/comments?post=78"}],"version-history":[{"count":1,"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions"}],"predecessor-version":[{"id":80,"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions\/80"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/media\/79"}],"wp:attachment":[{"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/media?parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/categories?post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gtatorontohomes.com\/blog\/wp-json\/wp\/v2\/tags?post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}