{"id":41,"date":"2026-09-23T15:00:00","date_gmt":"2026-09-23T15:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/gloriayeung-com\/2026\/09\/23\/ontario-micro-condos-face-steep-depreciation\/"},"modified":"2026-09-23T15:00:00","modified_gmt":"2026-09-23T15:00:00","slug":"ontario-micro-condos-face-steep-depreciation","status":"publish","type":"post","link":"https:\/\/www.gloriayeung.com\/blog\/2026\/09\/23\/ontario-micro-condos-face-steep-depreciation\/","title":{"rendered":"Ontario Micro-Condos Face Steep Depreciation"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/gloriayeung\/home-depreciating-toronto-remotion-videos-afb6\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>It\u2019s never dull in the GTA real estate world, and this mid-Q3 2026 snapshot is proof! The average home selling price landed at $993K, slipping about 3% from last year\u2014giving buyers some fresh breathing room across the broader market. Condo apartments averaged $618K, a step down from last year, but it\u2019s the micro condos (under 500 sq-ft) that truly stole the spotlight for all the wrong reasons. These pint-sized pads have been the hardest to sell, with most buyers now eyeing larger spaces that offer more comfort and flexibility.<\/p>\n<p>Here\u2019s what stands out: in early Q3, nearly every GTA neighbourhood (with at least five condo sales) saw units selling below list price\u2014about 98% of them, to be exact! That\u2019s a rare moment for buyers to negotiate boldly and explore more options. Even single-family homes experienced underbidding in roughly 92% of neighbourhoods, but condos have become especially price-sensitive as investor demand cools and the most investor-friendly units linger longer.<\/p>\n<p>Having journeyed from legal headhunting to real estate, and with a passport full of stamps from over 100 countries, I\u2019ve learned that every market shift is a new adventure. Whether you\u2019re eyeing your first home or hunting for a smart investment, navigating Toronto\u2019s ever-evolving neighbourhoods can still be a joy\u2014especially when you have a guide who knows how to turn every challenge into an opportunity. Let\u2019s make your next move feel like the start of an exciting new chapter!<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s never dull in the GTA real estate world, and this mid-Q3 2026 snapshot is proof! The average home selling price landed at $993K, slipping about 3% from last year\u2014giving buyers some fresh breathing room across the broader market. Condo apartments averaged $618K, a step down from last year, but it\u2019s the micro condos (under [&hellip;]<\/p>\n","protected":false},"author":456,"featured_media":42,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/posts\/41","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/users\/456"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/comments?post=41"}],"version-history":[{"count":0,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/posts\/41\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/media\/42"}],"wp:attachment":[{"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/media?parent=41"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/categories?post=41"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gloriayeung.com\/blog\/wp-json\/wp\/v2\/tags?post=41"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}