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Download the Buyers, Sellers and Negotiation Guide here: http://garyamcg.com/guides Toronto real estate may have already hit bottom in 2026, and most people didn't notice. Gary McGowan sits down with mortgage broker Dion Beg to read the numbers behind the headlines. We pull the latest data from the Edge Research Group report and walk through what is actually happening across the Ontario and Toronto (GTA) market right now, from mortgage payments to condo pre-sales to the rental glut nobody is talking about. Here's the short version: interest rates have come down, prices have come down, and the mortgage payment on a typical home has dropped from over 30% of household income at the 2024 peak to closer to 20% today. That's roughly a 33% drop in the average payment, and it's why Dion is seeing more first-time buyers in the GTA this year than in the past two combined. At the same time, single-family completions in Ontario are down around 30% year over year, active MLS inventory is shrinking, and Ontario's population growth has gone negative, driven almost entirely by non-permanent residents leaving. Meanwhile purpose-built rentals are flooding the market, and cities like Kelowna and the Okanagan are seeing vacancy rates hit 8 to 9%. My opinion: the pendulum has swung hard, and the people who understand these numbers now are the ones who'll make the smartest moves over the next 5 to 10 years. 0:00 Too many rentals? The market nobody's watching 0:15 Back with mortgage broker Dion Begg 0:45 Did Toronto real estate just hit bottom? 1:50 Mortgage payments down ~33% since the 2024 peak 4:00 What income you actually need to buy in the GTA 5:10 Single-family completions down ~30% 7:40 Why MLS inventory is actually shrinking 10:25 Ontario's population just went negative (the real story) 12:35 The rental glut: purpose-built rentals & vacancy spikes 17:00 Why the Toronto pre-con condo model is breaking 20:35 Smart condo buying tips: transit + a 5-10 year horizon 21:40 How to reach Dion and Gary In this video, we cover: Why the Toronto market may have already bottomed How falling rates dropped the typical mortgage payment by ~33% since 2024 Why single-family home completions are down ~30% year over year What shrinking MLS inventory means for buyers and sellers The truth about Ontario's population decline (permanent vs non-permanent residents) Why there are too many rentals right now, and where vacancy is spiking Why the Toronto pre-construction condo model is breaking The transit rule smart condo buyers still use (the 700-800 metre stat) Gary A. McGowan is a licensed REALTOR® on the Toronto Regional Real Estate Board. #TorontoRealEstate #OntarioRealEstate #HousingMarket2026 #TorontoCondos #FirstTimeHomeBuyer #CanadaRealEstate #RealEstateMarketUpdate

Download the Buyers, Sellers and Negotiation Guides here: http://garyamcg.com/guides Get the latest Toronto real estate market data for June 2026. See how current GTA home prices and sales trends impact your next move. This analysis breaks down the headline numbers and the specific condo window to provide clarity on the current state of the market. Whether you are a buyer, seller, or investor, understanding the sales versus price year-over-year metrics is essential for making informed decisions in the current environment. We are joined by mortgage broker Dion Begg to discuss how these GTA average price shifts affect affordability and lending. By examining these Toronto real estate market indicators, you will gain a clearer picture of where the Toronto condo market is heading and what to expect from real estate trends in the coming months. The June 2026 headline numbers (sales, listings, average price) Why fewer listings but more sales tells you something The condo window: sales up 14%, prices down 9.5%, and who it's for 416 vs 905: where the $100K price gap is Why "concrete is the canary in the coal mine" for future supply The 2% detached price drop that boosted sales nearly 10% What July and August seasonality really means for buyers and sellers Second mortgage vs refinance: how to run the math Chapters: 00:00 Did Toronto just bottom out? 02:36 What we're covering today 02:56 June 2026 TRREB headline numbers 07:51 The condo window: sales up, prices down 09:32 416 vs 905: where the deals are 10:29 The construction slowdown and coming supply crunch 13:41 Detached homes: the bottom signal 17:20 What July and August will bring 20:15 Second mortgage vs refinance: which is smarter? 24:25 How to reach Dion Thinking about a move in the GTA this year? Reach out and let's talk through your options: Book a call: https://garyamcg.com/coffee Email Me: homes@garyamcgowan.com Connect with Dion Beg: kangamortgage.ca | Instagram @thedionbeg New episodes at RealtyChatter.com #TorontoRealEstate #GTARealEstate #TRREB #TorontoHousingMarket #RealEstate2026 #MortgageTips #TorontoCondos #HomeBuying

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