Have We Hit Bottom?

Transactions in Toronto’s real estate market last month were up 9% compared to April 2025. Condominium apartment sales led the increase, rising 14%, followed by detached freehold sales of 6%. The rise in condo activity was supported by improved affordability, with average condo apartment prices down 6% year-over-year, while overall market prices was down 5%.…

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Springing Forward

Toronto’s real estate market in March 2026 was softer than a year ago. While transaction volume held relatively steady, economic uncertainty—ranging from inflation and interest rate expectations to US–Canada trade relations—continues to weigh on buyer sentiment and pricing. Despite this, affordability has improved meaningfully. Average prices are down approximately 17% from the 2022 peak, while…

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A Year In Review

Toronto’s real estate market ended 2025 in a whimper. As the year came to a close, most buyers remained in wait and see mode. December 2025 delivered stronger sales compared to a year ago, while prices continued to ease, creating a more balanced and opportunity-driven market. December 2025 Snapshot: Transactions up as Prices SoftenHome sales…

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A Tale of Two Cities

Toronto’s October 2025 real estate market was softer than a year ago. Home sales declined by 6%, and prices fell across both the freehold and condominium segments. This downturn comes as little surprise, given that the market experienced a budding recovery in fall 2024, when confidence was returning amid pent-up demand and easing interest rates. …

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Measured Momentum

Toronto’s housing market gained momentum in September 2025, with overall sales rising 14% year-over-year, even as the average price edged down 2% to approximately $1.09 million. Stronger buyer activity reflects improving confidence, though continued price softness indicates a measured and cautious approach among purchasers. Detached and semi-detached homes led the growth in sales, while the condominium…

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Strong Headwinds and a Glimmer of Hope

We hope this newsletter finds you well—and perhaps not too distracted by recent fluctuations in your investment portfolio. Toronto’s real estate market remained soft in March 2025. Total residential transactions declined by 17% compared to March 2024, with condominium apartment sales particularly weak, falling 22% year-over-year. Notably, March 2024 was itself a subdued month, making…

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Market Outlook, Clear as Mud

Toronto’s real estate market had an uneven start in January. Overall transactions decreased, driven primarily by a struggling condominium market, while the freehold market saw an uptick in sales compared to the same period last year. Despite a significant increase in new listings across all housing types, prices remained relatively stable. As the calendar flipped…

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2024 Market Recap

Toronto’s real estate market in December 2024 experienced a decline in transactions across all segments. Average prices saw only marginal changes, with detached homes witnessing the most significant price reductions compared to the previous year. The positive momentum observed in October and November, fueled by five consecutive interest rate cuts, was tempered by the uncertainty…

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Market Gifts

Toronto’s real estate market showed continued signs of recovery in November, following slower sales during the first three quarters of the year. Transactions in November were 39% higher compared to November 2023, with detached properties leading the way. Prices for freehold properties increased by approximately 5%, while condominium prices experienced a slight decline. The real…

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Over The Hump

Toronto’s October results showed signs of life as transactions were 37% higher than last October’s.  Prices were up for freehold properties while condo prices were slightly off from a year ago. Transactions were up as the Bank of Canada lowered the key overnight rate for the 4th consecutive meeting with the most recent decrease of 0.50%…

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