Buyers will still go for the more expensive home if it is set up with the right kind of renos

As house prices continue to dip across the Greater Toronto Area, those who invested in major renovations hoping for a strong return are debating whether to cut their losses or hold tight for better times.

While some neighbourhoods have seen sharp declines since the 2022 peak, experts say price trends vary — and with smart strategy, there’s still opportunity for savvy sellers.

Since Canada’s real estate market peaked, the median price of a single-family home in 10 neighbourhoods across the GTA fell by 40% over the last three years, according to the latest research from Canadian real estate technology company Wahi.

Of the 344 neighbourhoods analyzed, 289 showed lower prices this year compared to

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