{"id":21,"date":"2026-09-28T15:00:00","date_gmt":"2026-09-28T15:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/shiranihomes-ca\/2026\/09\/28\/toronto-home-prices-slip-below-1m\/"},"modified":"2026-09-28T15:00:00","modified_gmt":"2026-09-28T15:00:00","slug":"toronto-home-prices-slip-below-1m","status":"publish","type":"post","link":"https:\/\/www.shiranihomes.ca\/blog\/2026\/09\/28\/toronto-home-prices-slip-below-1m\/","title":{"rendered":"Toronto Home Prices Slip Below $1M"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/reza-shirani\/toronto-area-home-prices-dip-below-1-million-for-second-time-this-year-1eaa\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Toronto\u2019s average home price has edged just below the $1 million mark, currently sitting at approximately $993K\u2014about 3% lower than this time last year. This shift has provided a welcome boost to affordability for many buyers. However, we\u2019re also seeing a tighter market with new listings down by roughly 14% year-over-year, leaving about 12,100 homes available and buyers facing fewer options. Over 5,000 homes traded hands during this period, a slight 2% decrease in sales, yet the reduced inventory could heighten competition and potentially stabilize prices. Flat mortgage rates and encouraging economic signals have helped support buyer confidence, though ongoing trade concerns and the prospect of future inflation and borrowing costs are tempering some households\u2019 plans. As always, when inventory gets even tighter and prices begin to climb, many buyers may move quickly, while improved conditions for sellers could encourage more listings. Drawing on my experience in both residential and commercial markets, I continue to monitor these trends closely to provide clients with strategies that maximize their opportunities in this evolving landscape.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto\u2019s average home price has edged just below the $1 million mark, currently sitting at approximately $993K\u2014about 3% lower than this time last year. This shift has provided a welcome boost to affordability for many buyers. However, we\u2019re also seeing a tighter market with new listings down by roughly 14% year-over-year, leaving about 12,100 homes [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":23,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/posts\/21","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":0,"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/posts\/21\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/media\/23"}],"wp:attachment":[{"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/media?parent=21"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/categories?post=21"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shiranihomes.ca\/blog\/wp-json\/wp\/v2\/tags?post=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}