Business

Micro-condos in the GTA are facing notable depreciation, a trend that’s important for buyers, sellers, and investors to keep in mind. As of Mid-Q3 2026, the average home selling price in the GTA was $993,000—down about 3% from last year—highlighting a market that’s easing and presenting fresh opportunities for buyers ready to negotiate strategically. Condo...

August brought a slight shift in the GTA real estate landscape, with home sales dipping 2.1% year-over-year to 5,057 and average prices edging down 2.7% to $993,410. Benchmark prices also saw a 4.5% decrease. While this seasonal slowdown is typical for late summer, it’s notable that average prices have slipped below the $1 million mark—offering improved affordability for buyers weighing their next...

In August 2026, Richmond Hill’s average home price settled at $1.21 million—a 1.4% dip from July and 3.3% lower compared to last year. Detached homes bucked the overall trend with a 6.3% monthly increase, though they’re still down 1.5% year-over-year. Meanwhile, semi-detached homes slipped 3.3% month-over-month but are up an impressive 9.7% annually. These numbers highlight the nuanced shifts that...

Remarkable momentum in the GTA: new single-family home sales jumped 246% in July, thanks in part to Ontario’s expanded HST rebate and builder incentives. Even with an 8.5% price drop, this renewed activity shows how strategic tax relief and smart financial planning can bring buyers back into the market. While new condo sales remain subdued—largely due to stricter rebate rules—there are still...

As we look ahead to 2027, Toronto’s real estate market stands at an important crossroads. After an extended period of correction, there’s no doubt that elevated listings continue to give buyers more negotiating room—an opportunity I always encourage my clients to assess with clear strategy and confidence. TD projects that Ontario’s housing market will...

Toronto’s real estate market in Mid-Q3 showed a slight cooling, with home prices edging down just 0.1% month-over-month—a modest pause rather than any dramatic shift. Year-over-year, resale activity dipped by 2.1%, so we’re seeing sales volumes remain softer than last year, even as pricing itself held steady. For those navigating Toronto’s market—whether...

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice...

Toronto’s global standing in real estate remains strong—recently ranked 20th out of 1,000 cities worldwide in a 2026 index. This top-25 position reflects the city’s robust economy and deep pool of talent, both of which continue to fuel demand. Yet, as many clients and families I work with know firsthand, housing affordability is a real challenge. The same...

Toronto has just introduced an AI-powered pre-check tool for small residential building permit applications—a promising step for anyone planning renovations or new builds in our city. This pilot program, running for one year, gives applicants instant feedback on missing information and potential zoning or code issues, aiming to cut down on resubmissions and speed up the overall review process. For...

Exciting news for Toronto’s real estate landscape: the City of Toronto has just launched an AI-powered Building Permit Application Pre-Check, developed with Clariti. This new tool promises real-time feedback on missing documents and potential code issues, streamlining the process for residential permit approvals. It’s all part of the city’s ambitious goal to add 285,000 new homes by 2031. As...