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]

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]

  October 2025 Dear friend, September’s interest rate cut was welcome news for home buyers. With lower borrowing costs, more buyers were able to afford the monthly mortgage payments on a home that met their needs. The result was that 5,592 homes sold in the GTA, up by 8.5 per cent compared to September 2024 at an average price of $1,059,377. This now brings the YTD average price to $1,077,602, down 3.8% from the start of the year. It’s obvious now that the 20-30% price... [read more]