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Notes on the Toronto market

What's happening in Toronto and GTA real estate, explained in plain language, and what it means for renters, buyers and sellers.

Market update

Toronto Pre-Construction Condos: The Appraisal Gap, Explained

Condo values have dropped since 2022, and banks lend on what a unit is worth today. Here's how the appraisal gap is squeezing pre-construction buyers, and why it's opening doors for long-term buyers.

October 12, 2026 · 6 min read