Here are the parts of Toronto where home prices have fallen the most

With the Toronto area real estate market in pretty acute turmoil, this may be the best chance for entry-level buyers to land a rare (though relative) bargain on a piece of the region's famously overpriced property.

Amid an extended lull across the board, there are still some housing types and pockets of the region that are seeing lower sales volumes and larger price declines than others.

Hardly anyone seems interested in condos, especially new builds, causing them to deteriorate in value the quickest, while demand for townhomes remains quite strong.

Meanwhile, areas like Mineola, Mississauga; Rosedale, Toronto; and Kingsway South, Etobicoke are seeing the average home go for up to 13 per cent less than asking price, while neighbourhoods like Rouge Woods, Richmond Hill; Riverdale, Toronto; and Runnymede, North York are being generally overbid by around the same amount.

So, where are the best deals to be had right now?

Local real estate agency Wahi has offered some insight, examining how prices around the city have changed since the most recent market high in 2022.

In a Monday report, the firm outlined where these figures have fallen the most significantly in the last three years, looking at single-family homes — more expensive than condos and thus offering potentially bigger dollar-amount savings — exclusively.

"Prices for single-family homes have held up better than condos, but our latest analysis shows how much market trends can vary from neighbourhood to neighbourhood," the post states before delving into the most up-to-date sales data for more than 300 areas, some of which have seen the average home price plummet by as much as 53 per cent in the last few years.

Spoiler alert: Brampton seems to be where prices are softening most, though the same can be said for a few select communities in and around downtown Toronto.

Here are the places Wahi highlights as currently the best in the GTA for nabbing a home for  cheap compared to what you would have paid during the peak of spring 2022:

• Huttonville, Brampton: average price of $825,000 in 2025 vs. $1,760,000 in 2022 — difference of -53 per cent
• Rougemount, Pickering: average price of $1,040,000 in 2025 vs. $2,076,530 in 2022 — difference of -50 per cent
• Vales of Humber, Brampton: average price of $1,830,000 in 2025 vs. $3,650,000 in 2022 — difference of -50 per cent
• Windfields, Toronto: average price of $3,270,000 in 2025 vs. $6,375,000 in 2022 — difference of -49 per cent
• Wanless Park, Toronto: average price of $2,182,500 in 2025 vs. $4,150,000 in 2022 — difference of -47 per cent
• Mineola, Mississauga: average price of $1,420,000 in 2025 vs. $2,637,500 — difference of -46 per cent
• Northwood, Brampton: average price of $751,000 in 2025 vs. $1,350,000 — difference of - 44 per cent
• Tyandaga, Burlington: average price of $1,020,000 in 2025 vs. $1,731,000 in 2022 — difference of -41 per cent
• Church-Yonge Corridor, Toronto: average price of $1,657,500 in 2025 vs. $2,750,000 in 2022 — difference of -40 per cent
• Westgate, Brampton: average price of $895,000 in 2025 vs. $1,480,000 in 2022 — difference of -40 per cent