Toronto Condo Market Faces More Pain in 2026 | Mortgage Renewals & Falling Prices

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Is the Toronto condo market heading for a crash?

In this video, we break down what’s really happening in the Toronto condo market in 2026 — including collapsing condo sales, rising mortgage renewal pressure, falling buyer confidence, and why micro-condos are taking the biggest hit.

Industry data shows new condo sales in the GTA have plunged to levels not seen in over a decade. Pre-construction demand has frozen. Condo inventory is rising. And many owners are renewing mortgages at much higher rates — putting real pressure on prices.

We’ll walk through:
• Why Toronto condo prices are still under downward pressure
• Why micro-condos are the most vulnerable segment
• What Bank of Canada data says about mortgage renewals
• Why developers are pulling back on new condo starts
• How buyer confidence (or lack of it) is shaping this market

This is not hype. This is not fear-mongering. It’s a realistic look at supply, demand, and financial pressure — and why many experts believe condo prices could face further declines this year, especially in investor-heavy buildings.

If you own a condo, are thinking about buying one, or are watching the Toronto real estate market closely, this is a conversation you need to be part of.

*This video, nor any of the other videos on the Ragona Sisters Real Estate & Market YouTube channel, do not constitute legal or financial advice. This is strictly intended for educational and entertainment purposes only