GTA Real Estate Sees Dramatic Price Drops in Key Neighbourhoods
The Greater Toronto Area’s (GTA) real estate market has experienced notable price corrections since its peak in early 2022, with some neighbourhoods witnessing substantial declines in house prices. New research from Wahi, a prominent Canadian real estate listing platform, reveals that the median sale price for single-family homes in ten GTA neighbourhoods has fallen by as much as 40% over a three-year period.
Wahi’s comprehensive analysis tracked home price evolution from April 2022,a period near the spring market’s zenith,through to April 2025. The study encompassed over 300 distinct neighbourhoods across the GTA, highlighting significant variations in market trends at a granular level. “Prices for single-family homes have held up better than condos, but Wahi’s latest analysis shows how much market trends can vary from neighbourhood to neighbourhood,” stated Benjy Katchen, CEO of Wahi.
The data indicates that Brampton is especially affected,with four of its neighbourhoods appearing in the top ten for the largest percentage drops in median sale prices. Huttonville recorded the steepest decline in the entire GTA, with a staggering 53% decrease. Other Brampton neighbourhoods experiencing significant price drops include Vales of Humber (-50%), Northwood (-44%), and Westgate (-40%).
Thes figures represent the most extreme examples of price depreciation over the past two and a half years. However,the downward trend is not isolated,as Wahi’s research found that 289 out of the 344 neighbourhoods analyzed showed lower prices in April 2025 compared to April 2022,underscoring a widespread market adjustment.
