Average residential property values in Toronto declined by about 3.7% compared with the same period in 2025, according to data from Royal LePage and the Canadian Real Estate Association.
Tyler Cheese, a real‑estate analyst, said the drop reflects broader market factors, though the report did not specify particular causes.
The downturn aligns with a nationwide trend, as both national and local real‑estate data for 2026 show home prices falling across Canada.