{"id":57,"date":"2026-10-09T13:00:00","date_gmt":"2026-10-09T13:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/shankhurrum-com\/2026\/10\/09\/ontario-micro-condos-face-steep-depreciation\/"},"modified":"2026-10-09T13:00:00","modified_gmt":"2026-10-09T13:00:00","slug":"ontario-micro-condos-face-steep-depreciation","status":"publish","type":"post","link":"https:\/\/www.shankhurrum.com\/blog\/2026\/10\/09\/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\/shan-khurrum\/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>Navigating the GTA real estate market means keeping a close eye on shifting trends\u2014and right now, micro-condos are feeling the squeeze. As of mid-Q3 2026, the average GTA home sold for $993K, down about 3% from last year, signaling a more balanced market for buyers. Condo apartments averaged $618K, also trailing behind last year\u2019s numbers, but it\u2019s the smallest units\u2014those micro-condos under 500 sq-ft\u2014that have seen the steepest declines in value. These compact spaces are proving harder to sell, especially as buyers gain access to larger options at more appealing prices.<\/p>\n<p>In early Q3, about 98% of GTA condo sales with at least five transactions closed below list price, giving buyers more negotiating power than usual. Even single-family homes saw underbidding in roughly 92% of neighbourhoods, but condos have been especially sensitive to changes in investor demand, with more investor-targeted units lingering on the market.<\/p>\n<p>Having spent over 15 years guiding clients through these ups and downs, I know how important it is to have honest, informed advice\u2014whether you\u2019re considering a micro-condo, looking to upsize, or weighing the right investment fit for your needs. The key is understanding what\u2019s truly right for you, especially as the landscape shifts.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Navigating the GTA real estate market means keeping a close eye on shifting trends\u2014and right now, micro-condos are feeling the squeeze. As of mid-Q3 2026, the average GTA home sold for $993K, down about 3% from last year, signaling a more balanced market for buyers. Condo apartments averaged $618K, also trailing behind last year\u2019s numbers, [&hellip;]<\/p>\n","protected":false},"author":484,"featured_media":58,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-57","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/posts\/57","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/users\/484"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/comments?post=57"}],"version-history":[{"count":0,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/posts\/57\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/media\/58"}],"wp:attachment":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/media?parent=57"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/categories?post=57"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/tags?post=57"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}