It’s been a challenging season for micro-condo owners in the GTA, with units under 500 sq-ft experiencing the sharpest depreciation in Mid-Q3 2026. The average condo price dipped to $618K—lower than last year—and the overall GTA home average settled at $993K, down about 3% annually. What’s driving this? Limited end-user appeal for micro condos, while buyers are finding it easier to access larger spaces in today’s market. In Early-Q3, nearly every GTA neighbourhood with at least five condo sales saw properties sell below list price, giving active buyers more negotiating power than usual. Single-family homes also faced underbidding in about 92% of neighbourhoods, but condos, especially those catering to investors, felt the impact more as demand softened. As someone who values honest advice and personalized guidance, I’m always here to help you navigate these shifting trends—whether you’re weighing your next move or exploring investment opportunities in Ajax or Durham Region.
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