07/28/2026
Someone asked me last week whether they had missed the bottom of the condo market.
It is the question I hear most, and I do not think it is the right one.
Resale condos for sale across the GTA and Hamilton have dropped to a three-year low. Unsold new-build units hit a record in the same quarter, so the two cancel out and total inventory reads as flat. That is why the first half rarely gets reported.
Where we sit ourselves: my husband and I are helping our daughter shop for a resale condo. Months of looking, and we have not bought. I am not pretending that is a clever market call. Nobody knows where the bottom is.
What I do know: two condos at the same price can be a good home or a slow, expensive problem, and the difference is the building, not the month you bought.
If you are looking at something specific, tell me the neighbourhood in the comments and I will tell you what I would check first.
(Narrated with an AI-assisted voice; the research and advice are mine.)