The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!
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Toronto, Vancouver housing still hugely desirable despite recent challenges
It’s no secret that Toronto and Vancouver continue to draw buyers and investors from around the world. Both cities recently ranked among the globe’s top 25 for desirability—20th and 24th—thanks to their strong economies and unique appeal. Yet, even as demand remains high, the reality of affordability is a challenge: steep housing costs have lowered overall Quality of Life scores. Experts say Canada needs to add 430,000 to 480,000 homes each year to truly make housing more accessible, a target we haven’t yet reached. As someone who has helped clients navigate the ups and downs of these markets, I’m committed to keeping you informed and empowered, whether you’re searching for your first home, selling, or looking for smart investment opportunities. In a competitive environment like this, focused guidance and market insight make all the difference.
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Industry Updates: Single-Family Sales Rise, Resale Supply Tightens, Cultural Programming Expands
Market trends in the Greater Toronto Area are always shifting, and staying informed is key to making confident decisions—whether you're buying, selling, or investing. Recently, we've seen single-family home sales rise, thanks in part to an expanded HST rebate, while condo sales remain on the quieter side. At the same time, resale supply has tightened, a factor that could put upward pressure on prices as buyers compete for fewer available homes. On the development front, housing starts dipped slightly, and Toronto has introduced an AI pilot for building permits—an interesting move that may shape future processes. With years of experience guiding clients through these kinds of market changes, my focus remains on providing the insights and personalized service you need to achieve your real estate goals in any climate.
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Small-Scale Infill Is (Finally) Showing Up In Toronto’s Housing Data
There’s a noticeable shift happening in Toronto’s housing landscape: small-scale infill projects—think accessory dwelling units and multiplexes—are finally making a real impact on the numbers. These kinds of homes now make up about 10% of housing starts across Canada, a clear sign that zoning reforms are starting to pay off and filling the gap left by declining single-detached construction.
What does this mean for buyers, sellers, and investors? More diverse options and opportunities to find a fit that matches your needs and goals. I’ve seen firsthand how these new housing types can open doors, whether you’re searching for a flexible living arrangement, a smart investment, or a way to maximize your property’s value. My focus is always on guiding you through the nuances of Toronto’s evolving market—making sure you’re informed, confident, and positioned for success as new trends emerge.
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Toronto Ranks 20th Worldwide
Toronto has once again landed in the global spotlight, securing the 20th spot among 1,000 cities in a 2026 international index. This recognition reflects the city’s robust economy and the strength of our local talent—factors I see driving demand every day for buyers and investors alike. However, the report also highlighted a challenge I often help clients navigate: housing affordability. Toronto’s median multiple reached nearly 7.5 in 2026, which means our city remains one of the least affordable major markets worldwide. More of our income is going toward housing compared to almost anywhere else, and ongoing supply shortages—with housing starts expected to slow through 2026—continue to put pressure on affordability. Having worked with a range of clients, from first-time buyers to experienced investors, I know how important it is to understand both the opportunities and realities of our market. My commitment is to providing clear, thoughtful guidance tailored to your goals, especially as Toronto’s real estate landscape continues to evolve.
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Can Toronto Finally Turn the Corner in 2027?
As we look ahead to 2027, there’s a sense of cautious optimism in Toronto’s real estate market. After a lengthy correction period, buyers are still seeing more choice and flexibility, with elevated listings providing some much-needed negotiating room. TD’s outlook suggests that Ontario’s housing market will gradually strengthen throughout the year, especially as we move past the challenges of 2026.
Lower borrowing costs are expected to help more buyers and sellers come to the table, making transactions a bit smoother. However, the available condo supply will continue to shape how quickly the market rebounds. Instead of the rapid jumps we saw during the pandemic, price trends are likely to stabilize first before any significant recovery takes hold.
Drawing on years of helping clients through changing markets, I understand how important it is to have up-to-date insights when planning your next move—whether you’re buying, selling, or investing. Staying informed and adaptable is key as Toronto’s market finds its footing again.
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Fall 2026 Housing Supply Report
The latest Fall 2026 Housing Supply Report shows that the housing supply gap remains a real challenge in most major Canadian cities, with the exception of Calgary and Edmonton. Construction activity is slowing down more quickly than demand, which raises real concerns about future affordability. Most of the new supply is coming from rental housing, while weaker condo development means fewer options for those hoping to own. As someone who keeps a close eye on evolving trends and market shifts, I know how these changes can impact your journey—whether you’re looking to buy, sell, or invest. Increased housing starts and stronger infrastructure are essential to improve availability and choice, and I’m here to help you navigate these complexities with personalized guidance and a deep understanding of our local markets.
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GTA Homes More Affordable as Prices Dip Below $1M
August brought a slight shift in the GTA real estate scene, with home sales dipping by 2.1% compared to last year—totaling 5,057 transactions. Average prices edged down 2.7% to $993,410, and benchmark prices saw a 4.5% decrease, bringing many properties back below the $1 million mark. While this seasonal slowdown is typical as summer winds down, it’s also creating a window of improved affordability for buyers. Having guided clients through many market cycles, I know these moments often open new possibilities, whether you’re considering your first purchase, planning a strategic sale, or exploring investment opportunities. Staying attuned to local trends and putting your goals first is always my priority, and I’m here to help you make sense of the numbers and what they mean for your next move.
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Single-Family Homes Enjoy Stable Market with Steady Demand
August brought a noticeable shift in the Greater Toronto Area, especially for those eyeing single-family homes. Competition among buyers eased significantly—only 2% of neighborhoods saw bidding wars, and the vast majority of homes (79%) sold below asking. For single-family properties, that number was even higher, with 95% selling under list price, and condos followed closely at 98%. These numbers highlight how the landscape is changing, and why an in-depth understanding of local market trends matters more than ever. My commitment has always been to guide clients through these evolving conditions with tailored advice and a focus on your unique goals—whether you’re buying, selling, or investing. Insights like these help ensure you have the clarity to make confident decisions at every step.
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In 10 Toronto Resales Fell Below Purchase Price
The recent trend of Toronto resales falling below their original purchase price is something I’m seeing more often with clients who bought during the market’s peak. If you’re weighing a move, my advice is always to start with a clear look at your needs—sometimes, holding off on selling makes more sense, especially if you don’t have to move right away. Selling for less than you paid doesn’t automatically spell mortgage trouble, particularly if you’ve built up equity over time. Many freehold owners are opting to renovate or stay put longer, carefully considering the impact of a potential sale loss and the additional land transfer tax. In today’s market, buyers are focused on present-day value rather than the price you originally paid, so realistic pricing and a thoughtful, empathetic approach are more important than ever. My goal is to help you navigate these decisions with personalized guidance and deep local insight, always putting your interests first.
