The average home price in Richmond Hill was $1.21 million in May 2026, up 2.9% from April but down 18.2% from May 2025. There were 224 sales with 1,030 active listings. Detached houses averaged $1.57 million, down 11% monthly and 21.1% yearly. Semi-detached houses averaged $1.1 million, attached houses $1.06 million, townhouse-style condos $736,270, and apartment-style condos $569,611, all showing...
By Q1 2026, Toronto condo affordability had returned to 2019 levels as prices fell faster and incomes kept rising, improving conditions for sidelined buyers. Toronto households spent ~36% of pre-tax income on condo ownership in Q1 2026, down from ~39% in late 2019 but above the ~30% guideline. Recent Toronto sales showed some small downtown condos under 700 sq-ft...
Toronto helped lead recent affordability improvement as weaker home prices eased buyer pressure, especially in condos, though the city still remained among Canada’s toughest markets. Sharply lower condo prices in Toronto rolled back much of the pandemic-era affordability damage, bringing condo values nearly back to their Late-Q4 2019 level. Even after that...
Nearly half of Canadians planning to buy within 2 yr said now was the right time, even as ~three-quarters said economic uncertainty made them cautious. Optimism centered on affordability: ~six in 10 expected lower prices to help them buy, and just over half said interest rates supported that view. More than half believed the window was small before prices climbed...
Bidding competition in the Greater Toronto Area resale market softened in May, with only 7% of neighborhoods overbidding, down from 13% in April. Most homes sold below asking price, indicating a buyer-friendly market. Overbidding for single-family homes dropped from 21% to 12%, while condo overbidding remained low. Some buyers may be shifting focus to pre-construction homes due to a new HST rebate on new...
شراء منزل نقداً يلغي دفعات الرهن العقاري الشهرية والفوائد ورسوم المقرض، ويوفر إغلاقاً أسرع وملكية كاملة. غالباً ما يتمتع المشترون النقديون بقوة تفاوضية أكبر وتكاليف إغلاق أقل. ومع ذلك، تشمل السلبيات انخفاض السيولة، وعدم...
In 2025, 30 GTA neighbourhoods had median prices for three-bedroom single-family homes below $1 million, ranging from $645,000 in Central Oshawa to $982,500 in Churchill Meadows. Most affordable areas are in Durham, with prices between $645,000 and $785,000. Other affordable spots include Brampton and Georgina. Four Toronto neighbourhoods also had median prices under $1 million. The GTA-wide median was...
Late-spring buyer momentum in Toronto eased as summer approached, with bidding wars thinning, fewer offers arriving, and some scheduled offer nights ending without sales. Buyers without deadlines eased off, some pausing searches for summer, while holdout sellers returned after three months of sales improvement and adjusted pricing plans. One east-end semi asked...
GTA’s mood shifted in 2026—less reacting to change, more confidently settling into it. Cranes still dominate the skyline, but development now emphasizes integration over nonstop expansion. Housing costs remain tough; average GTA home prices hover near $1 million in 2026. Toronto’s 2026 mood feels pragmatic: slower housing growth, steady demand, and...
Toronto housing activity showed signs of stabilization after extended periods of weak buyer demand and cautious market sentiment. Increased inventory is providing more options for purchasers while reducing pressure from competitive bidding situations. Condo segments remain under pressure as investor demand stays relatively subdued compared with previous...
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