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Toronto Condo Prices Plummet Amid Market Shift

9/26/2025

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Summary

Story summary

A two-bedroom condo at 1 Palace Pier Court, Toronto, sold for $1 million in July 2025, down from $1.4 million amid a market downturn.
Luke Dalinda notes buyers now expect price reductions, shaping sales.
Hearthstone by the Bay sold for $811,000 after multiple offers within 12 hours; it provides assisted living services and retiree amenities, with monthly fees above $3,300.

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Story summary

A two-bedroom condo at 1 Palace Pier Court, Toronto, sold for $1 million in July 2025, down from $1.4 million amid a market downturn.
Luke Dalinda notes buyers now expect price reductions, shaping sales.
Hearthstone by the Bay sold for $811,000 after multiple offers within 12 hours; it provides assisted living services and retiree amenities, with monthly fees above $3,300.