2025 Ends with More Affordable Housing Market and Paves the Way for Year of Recovery Annual Greater Toronto Area (GTA) home sales declined in 2025 compared to 2024, as economic uncertainty weighed on consumer confidence. Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability. “The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower. Improved... [read more]

Real Estate Sales and Prices drop while Property Listings Increase in August 2025   August home sales reported by the Toronto Regional Real Estate Board (TRREB) were up on a year-over-year basis. Over the same period, homebuyers benefitted from an even larger increase in the inventory of listings. Average selling prices continued to be negotiated downward due to the elevated choice across market segments. “Compared to last year, we have seen a modest increase in home... [read more]

5 ROADBLOCKS TO AFFORDABLE HOMEOWNERSHIP (AND WAYS TO MOVE PAST THEM) Dreaming of a new home but feeling priced out? You’re not alone! A 2024 survey by Royal LePage found that 46% of Gen-Z and millennial Canadians who don't already own a home have doubts as to whether they’ll ever be able to afford one.1 According to data from Canada Mortgage and Housing Corporation (CMHC) and Equifax, average monthly payments for new mortgage loans have risen 47% since the... [read more]

Should you get preapproved for a mortgage before you start house hunting? And the answer is BIG YES!! Here are three reasons why: You’ll find out how much home you can really afford. You’ll gain credibility when you’re ready to make an offer. You’ll speed up the buying process. In fact, this could be a costly mistake not to get the mortgage pre approval done. To help home buyers protect from this and other common pitfalls there is a new FREE... [read more]

The New Normal: A Strong Housing Market Expected to Continue into 2021 Circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages might have made you assume that the housing market would lose steam, but there is plenty of evidence to the contrary. As Canadian Real Estate Association (CREA) senior economist, Shaun Cathcart noted, “records [are continually] being broken” in the residential property market.1 Indeed, rather than a slowdown, we are... [read more]