Can Toronto Finally Turn the Corner in 2027?

Toronto enters 2027 after a prolonged correction, with elevated listings continuing to give buyers negotiating room.
TD expects Ontario housing conditions to improve as 2027 progresses, following weakness through 2026.
Lower borrowing costs would support transaction recovery, although condo supply remains an important constraint.
Prices are expected to stabilize before a stronger recovery, rather than returning immediately to rapid pandemic-era growth.