this post was submitted on 22 Oct 2025
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Do you think it will drop more? What is a fair price?
I think it'll drop more? I don't see any uptick specifically with respect to the condo market just yet? My friend who's a real estate agent says it's going to go further but he's like very Chinese and his analysis is based on Feng Shui so I don't know how I feel about that.
A fair price is harder to pin down because there are different types of condos in different locations with different amenities as well. Also, as much as I hate housing costs in Toronto and it is high. This is a global phenomenon too. So like, personally, I'd just want housing to be in the reach of a regular Canadian with a decent salary but there's so many macroeconomic factors at play that a "fair price" is something I'm genuinely not qualified to answer.
It's so hard to predict the future. From one had the demand is there- lots of people are looking for homes and condos. From another hand, sales are low which will drop prices more.
Very difficult to say.