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While home prices fall, Toronto's commercial real estate values hold firm

Comparatively balanced market fundamentals, stability of capital support property
Toronto, Ontario aerial skyline. (Marcus Oleniuk/CoStar)
Toronto, Ontario aerial skyline. (Marcus Oleniuk/CoStar)
CoStar Analytics
August 11, 2025 | 11:36 AM

Canada’s residential housing market is continuing to experience significant pricing adjustments. According to various sources, overall prices are down, on average, 10% to 15% compared to their peak in early 2022, when the Bank of Canada began a campaign to rein in inflation by raising interest rates.

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