August 2026 Dear Friend,   Toronto real estate board members reported 5,995 home sales in July, a similar amount to July 2025. The number of new listings, though, was significantly less than a year ago, down 17.8%. There are 26,098 homes available for sale, and with approximately 6,000 sales per month, it means that the average buyer only has a choice of 4 homes. This tightening of homes for sale is the first step in prices starting to recover. Other steps include more... [read more]

May 2026   Dear Friend, April saw the sale of 5,946 homes, a 7% increase over last April, but not a significant increase. The listing inventory of 17,097, is lower than last year and as a rough estimate, it means that on average there are 3 homes available for a buyer to choose from. Remember, this is an average number. Some price ranges and type of homes have different numbers. Condominiums and luxury homes for example, have higher inventories skewing the numbers of more... [read more]

Dear Friend,   A decent month of sales for GTA realtors as 5,010 homes sold through the MLS system. With a listing inventory of about 25,000 homes, it shows that buyers have a good variety of homes to look at before they buy and this also means that 4 homes are NOT selling! More on that later. The Toronto Real Estate Board reported an average selling price in November as $1,039,458, and it’s interesting to break down that average into different... [read more]

November 2025 Dear Friend, "May you live in interesting times" is an English expression that is often cited as an ancient Chinese curse, though its origins are unclear and it is not genuinely Chinese. It is used ironically to mean the opposite of a blessing, wishing for a period of turmoil, crisis, and upheaval rather than peace. "Interesting times" are generally understood as times of strife and uncertainty. I would say we are experiencing one of those interesting... [read more]

January 2025.   Dear Friend,   Happy New Year! 2025 is upon us, filled with the anticipation of lower borrowing rates, a new government, one hopefully focused on getting inflation under control, creating jobs and opportunities for Canadians and above all, creating more housing to ease the pressure that’s been on the real estate market for many years. 2024 proved the strength of the GTA real estate market. Despite the high borrowing rates, Toronto realtors sold... [read more]