September 2026 Dear Friend,   As the saying goes, no news is good news. The real estate market in August was just an average summer market with 5,057 homes sold through TRREB’s MLS System, a similar amount to August 2025. The number of homes available for sale dropped by 11.3% to 24,482, creating a more balanced market, and buyers, on average, had a choice of 4 homes to purchase and the time to make a proper buying decision. All in all, the market was and is relatively... [read more]

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]

April 2026   Dear Friend,   A lot of interesting news in April! 5,039 homes sold in March, up slightly over last year while the number of homes listed dropped by a significant 16.7%. With sales starting to increase as we head into the spring market and only 21,596 homes listed, buyers will have less choice moving forward. The big news is that as of April 1, 2026, Ontario officially eliminated the full 13% HST on eligible new home purchases for one year, running until... [read more]

February 2026   Dear Friend, 2026 has started! We are all optimistic that the confidence in the economy will continue to grow and that Canada and the US will be able to agree on trade agreements that are good for both parties. Actually, that confidence is all that is keeping the real estate market from making a full recovery. Canada and the US have a long history of friendship and cooperation and I am confident that the politicians will be able to work things out once the... [read more]

January 2026 Dear Friend, 3,697 homes sold in December, bringing the years total to 62,433homes, 2/3 of what they should be in a normal market. One of the major drivers of the real estate market is confidence in the economy and confidence in the future. Unfortunately, 2024 and 2025 have been plagued with uncertainty. The US leadership, the economy, higher borrowing rates and of course, the crises in the Middle East and the Ukraine. All of these factors led to a lack of confidence and... [read more]