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]

March 2026   Dear Friend, Spring is in the air! As the weather warms and the snow melts, we are seeing a lot more activity in the marketplace. 3,868 homes sold in February, but the big news is that fewer homes were listed, actually 17.7% down from 2025. There is a lot of pent-up demand in the GTA, (estimated to be 100,000) with buyers waiting for prices to level off, and the number of listings in the marketplace is a major factor in price. As new listings continue to trend... [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]

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]