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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

    It’s encouraging to see housing affordability improve for the 10th straight quarter. With home prices easing, buyers are now spending 51.1% of their median income on payments—even as mortgage rates remain elevated. Vancouver still leads as the least affordable market, and looking ahead, continued progress will rely on both steady income growth and keeping price increases in check. Through the years, I’ve focused on helping clients navigate these shifts so they can make informed decisions, and this latest trend is a reminder of how dynamic our market can be.

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

    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.

  • 4+1 Bedrooms Bungalow On A 50′ LOT, With An In-Law Suite In The Basement And A Separate Entrance.

    4+1 Bedrooms Bungalow On A 50′ LOT, With An In-Law Suite In The Basement And A Separate Entrance.

  • Toronto Affordability Gains in Q2 2026

    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.

  • Toronto Housing Market Moves Toward Balance

    Toronto Housing Market Moves Toward Balance

    In Early-Q3, Toronto sales ↓~1% yearly to ~6K transactions, while new listings ↓~18% to ~14.5K, narrowing the gap between supply and demand.
    On a seasonally adjusted basis, Toronto sales increased from Late-Q2 while listings declined, and the avg. selling price settled near $1M, ↓~5% yearly.
    A balanced market means neither side clearly leads: homes sell closer to asking, supply better matches demand, and negotiations feel more typical for both parties.
    Experts said Toronto's freehold segment looks more balanced, while condos remain buyer-driven. Buyers have adjusted to current borrowing costs, and sellers are pricing more realistically.
    With listings shrinking and prices leveling, experts said steadier conditions could bring sidelined buyers back, as confidence improves and timing the market matters less.

  • Greater Toronto home sales extend gains for fifth consecutive month in July

    Greater Toronto home sales extend gains for fifth consecutive month in July

    July marked the fifth straight month of rising home sales in the Greater Toronto Area, with prices also up for the second month in a row. While year-over-year numbers for sales, prices, and new listings are still down, we're seeing clear signs of stabilization—even as higher borrowing costs and economic uncertainty persist. As someone who's consistently achieved top results in my real estate career, I'm closely watching these positive trends and what they could mean for buyers and sellers navigating today's changing market.

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  • Neighbourhoods where homes are selling for over asking in the Greater Toronto Area

    Neighbourhoods where homes are selling for over asking in the Greater Toronto Area

    This July, just 3% of Greater Toronto Area neighborhoods saw homes selling over asking, compared to 6% in June. The trend toward underbidding continues, with the rare over-asking sales now concentrated in more affordable pockets like Richmond Hill and Markham. Having achieved top producer status in real estate since 2003, I keep a close watch on these local shifts—knowing exactly where competition heats up, and where opportunity quietly emerges. The numbers may change, but my commitment to understanding every corner of this market never does.

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