Toronto Preconstruction in 2026
Selling Properties
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GTA Preconstruction Market Update for 2026
Entering 2026, borrowing costs are lower than they were in 2024: the Bank of Canada policy rate sits at 2.25% following multiple cuts in 2025. This improves affordability for qualified buyers, though financing remains sensitive to employment confidence and total ownership costs.
The GTA resale market cooled in 2025. TRREB reported 62,433 sales for the year (-11.2% YoY) alongside 186,753 new listings (+10.1% YoY) and an average price of $1,067,968 (-4.7% YoY), giving buyers more negotiating power.
The GTA condo segment remained well supplied in 2025. TRREB’s Q3 2025 condo report showed average prices down 6.4% YoY to $649,168, with Toronto’s average at $677,095. Lower prices and rate cuts are improving affordability for first-time buyers considering preconstruction condos.
Rental conditions tightened in Q3 2025, yet average rents declined across bedroom types as supply rose. TRREB reported rental transactions up 20.2% YoY and listings up 15.5% YoY, which can reduce urgency to buy and make value-focused preconstruction projects the most competitive in 2026.
Momentum signals are mixed: July 2025 sales rose 10.9% YoY with prices still down, indicating affordability is starting to translate into activity. For 2026, preconstruction demand should favor projects with transparent pricing, strong transit access, and realistic delivery timelines.