It’s striking to see how the real estate landscapes in Toronto and Vancouver are shifting. Toronto experienced an 11% drop in housing prices over the past year—the sharpest decline among 23 major cities—and prices have fallen nearly 30% from their peak. Vancouver followed closely, with a 10% decrease in the last year and a 20% drop since 2022. This trend is being driven by higher interest rates, a foreign-buyer ban, and increased supply, with further softening anticipated.
Having an accounting background allows me to see beyond the headlines and understand how these market changes impact both buyers and sellers. Whether you’re looking for your first home, a strategic investment, or the right time to make your next move, navigating these shifts with care and efficiency makes all the difference. In real estate, it’s always about finding the right fit for your goals and dreams.
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