What homes you can buy in real estate markets that have had big price corrections

In some of the most expensive real estate markets in Canada, prices topped out in spring 2022 and have been falling ever since. Every month, the Canadian Real Estate Association publishes data on 59 submarkets across the country, and in its most recent report, 29 were either flat or down compared to their zenith. Ontario has been the hardest hit, with 14 submarkets where detached home prices are down more than 25 per cent since the peak. Here’s a look at what you can get today in some of the most steeply corrected markets.