Toronto and Vancouver have long been recognized as Canada’s premier real estate markets, but recent numbers reveal a dramatic shift. Toronto’s housing prices have fallen 11% in just one year—the largest drop among 23 cities—and now sit nearly 30% below their peak. Vancouver isn’t far behind, with a 10% yearly decline and a 20% decrease since 2022. Higher interest rates, the foreign-buyer ban, and an increase in inventory are all reshaping these markets, with the possibility of further declines ahead. As someone who has spent years analyzing both residential and commercial markets, I know how important it is for buyers and sellers to navigate these changes with up-to-the-minute information. My analytical approach is always informed by a global perspective, so that each decision reflects not just local trends, but also the broader forces at play.
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