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Think Toronto property prices have recovered or surpassed pre-pandemic levels? Not so fast.

Inflation fuels growth in transaction volumes over the past decade
Inflation is affecting Toronto's commercial real estate. (Marcus Oleniuk/CoStar)
Inflation is affecting Toronto's commercial real estate. (Marcus Oleniuk/CoStar)
CoStar Analytics
September 11, 2026 | 3:09 P.M.

At first glance, Toronto’s commercial real estate market appears significantly larger than the one that existed a decade ago.

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