Nearly 46% of condos in Ontario are now valued under $500,000, up from 23.7% four years ago, reflecting a market correction after a 2022 price spike. New condo completions in the Greater Toronto Area are expected to sharply decline from 2027 to 2029, limiting future supply. The market is shifting toward rentals, increasing demand and property values for resale homes. Current low prices, abundant options, and new tax rebates create a unique buying opportunity.
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