{"id":117,"date":"2026-11-04T10:00:00","date_gmt":"2026-11-04T10:00:00","guid":{"rendered":"https:\/\/www.slopez.ca\/blog\/?p=117"},"modified":"2026-11-04T10:00:00","modified_gmt":"2026-11-04T10:00:00","slug":"ontario-micro-condos-face-steep-depreciation-experience-matters-results-follow","status":"publish","type":"post","link":"https:\/\/www.slopez.ca\/blog\/2026\/11\/04\/ontario-micro-condos-face-steep-depreciation-experience-matters-results-follow\/","title":{"rendered":"Ontario Micro-Condos Face Steep Depreciation | Experience matters. Results follow"},"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\/sylvia-lopez-283833\/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>As someone who\u2019s helped families navigate the Toronto real estate market for over two decades, I\u2019ve seen how shifting trends impact every type of property \u2014 and this year, micro-condos in the GTA are facing a unique challenge. In mid-Q3 2026, the average home in the GTA sold for $993,000, down about 3% from last year. Condo apartments averaged $618,000, also lower than the previous year, but it\u2019s the smallest units \u2014 micro-condos under 500 sq-ft \u2014 that have seen the sharpest drop. These units are proving the hardest to sell, as buyers now have more options to move up in size, and limited end-user appeal is showing. Early Q3 data shows that condos sold below list price in around 98% of GTA neighbourhoods with at least five sales, which means buyers have more negotiating power than usual. While single-family homes also saw underbidding in approximately 92% of GTA neighbourhoods, condos have become especially sensitive to the slowdown as investor demand has faded and investor-targeted units linger longer on the market. Whether you\u2019re weighing your options as a buyer or seller, understanding these trends is key to making confident, informed decisions \u2014 and that\u2019s always my focus: providing clear, knowledgeable guidance tailored to your real estate goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As someone who\u2019s helped families navigate the Toronto real estate market for over two decades, I\u2019ve seen how shifting trends impact every type of property \u2014 and this year, micro-condos in the GTA are facing a unique challenge. In mid-Q3 2026, the average home in the GTA sold for $993,000, down about 3% from last [&hellip;]<\/p>\n","protected":false},"author":381,"featured_media":118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/posts\/117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/users\/381"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/comments?post=117"}],"version-history":[{"count":1,"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/posts\/117\/revisions"}],"predecessor-version":[{"id":125,"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/posts\/117\/revisions\/125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/media\/118"}],"wp:attachment":[{"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/media?parent=117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/categories?post=117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.slopez.ca\/blog\/wp-json\/wp\/v2\/tags?post=117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}