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  • Falling home prices drive record 10th straight quarter of affordability gains

    Falling home prices drive record 10th straight quarter of affordability gains

    Housing affordability has now improved for a record 10th consecutive quarter—something we haven’t seen in years. Even with mortgage rates on the rise, the recent dip in home prices means that, as of now, payments are at 51.1% of the median income. In my experience working across Toronto and the GTA, I see how these numbers impact real buyers and sellers every day. Vancouver continues to be the least affordable market, but here in Ontario, the path forward still depends on income growth and steady home prices. As someone who’s helped hundreds of families navigate these changing tides, I know how important it is to stay informed and make the right move at the right time.

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  • Toronto Buyers Enjoy More Negotiating Power in Home Market

    Toronto Buyers Enjoy More Negotiating Power in Home Market

    Toronto area homebuyers are increasingly negotiating below asking prices as market conditions shift from a seller's market to a more balanced one. In July, 78.1% of homes sold below asking, with a median discount of 2.8%. Higher-priced homes saw larger discounts, with 86.4% selling below asking. Buyers now have more leverage due to greater inventory and choice, though signs show this advantage may lessen if listings decline. Realistic pricing and market responsiveness are key for sellers.

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  • Toronto Affordability Gains in Q2 2026

    In Late-Q2 2026, Toronto saw one of the strongest affordability gains as falling home prices, not easier financing, became the main driver.
    Toronto recorded a ~2.5-point affordability improvement after its representative home price fell ~4% during the quarter, leaving the payment-to-income ratio near 68%.
    In Toronto, the shift from rate-driven to price-driven gains was especially clear, highlighting how softer prices recently improved buying conditions more than mortgage rates.
    For Toronto buyers, mortgage rates were not expected to deliver much additional relief over the next year, making other affordability supports increasingly important.
    In Toronto, further affordability improvement increasingly depended on income growth and restrained home-price appreciation, as financing costs were no longer expected to help.

  • POV: You’re House Hunting In Toronto—Here’s The Catch

    CMHC expects Toronto sales to increase in 2026, even while prices remain below recent peaks.
    Here’s the overlooked part: today’s abundant inventory could give patient buyers more choice and negotiating room.
    Royal LePage expects GTA prices to decline 2% by Q4 2026, while activity continues building.
    The bigger opportunity may be buying when competition is quiet—not perfectly predicting the market’s bottom.

  • GTA Market Cools as Prices and Sales Ease

    In Early-Q3, Greater Toronto recorded ~6K home sales, ↓~1% yearly after four months of yearly gains, though activity still improved ↑~3% MoM.
    Avg. selling price was ~$1M in Early-Q3, with the typical-home benchmark also ↓~5% yearly, showing buyers still held pricing leverage across much of Greater Toronto.
    By housing type, detached sales edged ↑~1% yearly, while semi-detached sales ↓~6%, townhouses ↓~3%, and condo apartments were nearly flat in Early-Q3.
    Supply tightened meaningfully: new listings fell to ~14.5K, ↓~18% yearly, while active listings reached ~26.1K, ↓~12%, reducing fresh options across Greater Toronto.
    With sales taking a larger share of listings, the board said shrinking supply could gradually limit price negotiations and support balanced conditions if confidence improves.

  • HST rebate continues to boost sales of new single-family homes in GTA but condo segment remains sluggish: report

    Impressive momentum in the GTA’s new single-family home market continues, fuelled by the enhanced HST rebate—now up to $130,000. According to the latest report, new home sales in Ontario soared by 130% in Q2 2026, reaching 8,410 units. This surge has not only encouraged buyers but has also supported 17,300 construction jobs, safeguarded $2.8 billion in GDP, and maintained $1.4 billion in government revenue. While the condo segment remains quieter, it’s clear that targeted incentives can make a real impact. With my extensive experience helping clients navigate Toronto’s dynamic real estate landscape—from single-family homes to investment opportunities across the GTA and beyond—I’m always keeping an eye on key trends that shape our market.

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