torontorealestate

The Bank of Canada cut rates five times last year. The overnight rate dropped from 5% to 2.25%. By every surface-level reading, mortgage holders should be breathing easier. But if you locked a five-year fixed rate in 2021, your renewal letter this year tells a different story. Your new rate isn't 1.79% anymore. It's north of 4%. And the monthly payment shock is real — roughly 800,000...

If we sat down for coffee right now, I can guess the first three questions you’d ask me. I know this because every buyer I’ve met in the last three months asks them: "Will prices drop another 5% if I wait?" "Are interest rates going to crash back down soon?" "Should I just sit on the sidelines for another year?" These are valid questions. But here is the hard truth I’ve learned from...

In December 2025, the Bank of Canada held its policy interest rate at 2.25%. As we approach the next announcement on January 28th, the consensus is that rates will likely remain flat or see a minor adjustment. On paper, 2.25% is an attractive number. It is a massive drop from the highs of 2024. In a typical real estate cycle, a rate drop of this magnitude usually sparks immediate bidding wars and...

If I had to summarize the 2025 real estate market in one word, it would be "Adjustment". As we close the book on December, the latest report from the Toronto Regional Real Estate Board (TRREB) confirms what many of us felt on the ground: the market has shifted. It was a year that tested the patience of sellers and offered a long-awaited window of opportunity for buyers. Let’s look at the honest numbers,...

June 2025 showed us a market that is stabilizing and offering more opportunities for buyers. While year-over-year sales saw a slight dip, month-over-month activity actually increased on a seasonally adjusted basis, signaling underlying resilience. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,101,691 (Year-Over-Year: Down 5.4%) Total Sales: 6,243 (Year-Over-Year: Down 2.4%)...

May 2025 delivered a clear message: Affordability is improving, and buyers have more leverage than they’ve seen in some time. With inventory levels rising significantly, the "frenzy" has been replaced by a market that favors patience and negotiation. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,120,848 (Year-Over-Year: Down 6.3%) Total Sales: 6,218 (Year-Over-Year: Down...

April 2025 followed the typical seasonal trend with activity picking up compared to March, but the year-over-year picture tells a different story. Sales volume dropped significantly as many buyers continued to wait for more certainty regarding the economy and borrowing costs. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,107,463 (Year-Over-Year: Down 4.1%) +1 Total Sales: 5,601...

March is usually when the spring market ignites, but 2025 is telling a different story. While inventory surged, sales volume pulled back significantly as buyers adopted a "wait-and-see" approach amidst trade uncertainties and upcoming elections. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,093,254 (Year-Over-Year: Down 2.5%) +1 Total Sales: 5,011 (Year-Over-Year: Down 23.1%)...