{"id":54,"date":"2026-09-30T12:00:00","date_gmt":"2026-09-30T12:00:00","guid":{"rendered":"https:\/\/www.davesellsbrampton.com\/blog\/2026\/09\/30\/ontario-micro-condos-face-steep-depreciation\/"},"modified":"2026-09-30T12:00:00","modified_gmt":"2026-09-30T12:00:00","slug":"ontario-micro-condos-face-steep-depreciation","status":"publish","type":"post","link":"https:\/\/www.davesellsbrampton.com\/blog\/2026\/09\/30\/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\/dave-merat\/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>The GTA real estate landscape continues to evolve, especially for condo owners and buyers. By mid-Q3 2026, the average home in the GTA was selling for $993,000, down about 3% from last year\u2014proof that buyers are gaining the upper hand. Condo apartments averaged $618,000, also below last year\u2019s mark. The smallest units, micro-condos under 500 sq-ft, have seen the steepest depreciation, and have become particularly challenging to sell given most buyers now have access to larger, more appealing options.<\/p>\n<p>In early Q3, nearly every GTA neighbourhood with five or more condo sales saw units selling below list price\u2014about 98% of them. That means buyers are enjoying more negotiating power than we\u2019ve seen in years. Even single-family homes, usually a hotter market, saw underbidding in 92% of GTA neighbourhoods. For condos, the shift is even more pronounced as investor demand has pulled back, leaving more units on the market and giving end-users more choices.<\/p>\n<p>Having navigated all kinds of market shifts for over 13 years across the GTA, I know how critical it is to have a proven strategy\u2014whether you\u2019re selling a micro-condo or looking to upgrade to more space. My approach is always about maximizing value and minimizing stress for my clients. The current climate demands both negotiating expertise and a clear plan to deliver the best results for buyers and sellers alike.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The GTA real estate landscape continues to evolve, especially for condo owners and buyers. By mid-Q3 2026, the average home in the GTA was selling for $993,000, down about 3% from last year\u2014proof that buyers are gaining the upper hand. Condo apartments averaged $618,000, also below last year\u2019s mark. The smallest units, micro-condos under 500 [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":55,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-54","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/posts\/54","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/comments?post=54"}],"version-history":[{"count":0,"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/posts\/54\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/media\/55"}],"wp:attachment":[{"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/media?parent=54"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/categories?post=54"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.davesellsbrampton.com\/blog\/wp-json\/wp\/v2\/tags?post=54"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}