“Scaring On The Psyche”: TD Calls For Further 10% Drop In Condo Prices This Year

TD Bank forecasts GTA condo prices to drop 15-20% from their 2023 peak by the end of 2025, with a 10% decline this year due to reduced demand, higher interest rates, and excess supply. Factors include trade war uncertainty, slower population growth, and high condo completions. While prices remain above pre-pandemic levels, a strong rebound is unlikely. Some improvement may come in 2026 with lower rates and new housing policies, but challenges persist.