Slow Out of the Gate

Toronto’s real estate market was slow in February.  Average prices are down across all market segments with detached properties seeing the biggest monthly decline.  Uncertainty around the Canada–US trade agreement and rising oil prices—along with their potential impact on inflation and interest rates—is weighing on the real estate market. While detached and semi-detached sales rose…

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Buyers Have the Edge

The recent deep freeze mirrored Toronto’s January real estate market. Transactions declined 23% year-over-year, with prices softening across all segments. New listings also decreased, as properties remained unsold and many prospective sellers chose to wait for the spring market in hopes of improved conditions. With the sales-to-new-listings ratio at 24% for condominiums and 32% for…

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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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Surprisingly Sticky

Toronto’s May real estate market continued to slump. Overall transaction volume declined, led by a significant 25% year-over-year decrease in condominium apartment sales. Detached home sales fell by 8%, while semi-detached homes saw a modest 1% decline. Year-to-date, total transactions are 31% below the five-year average (2021–2025).  Prices were down across all segments. Affordability has improved…

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Still Hibernating

Spring is officially here, yet Toronto’s real estate market remains in a deep slumber. Sales activity in April 2025 was down 18% compared to April 2024—a month that was already underwhelming by historical standards. Year-over-year prices also declined. Even more concerning, however, is the month-over-month drop in average prices from March to April 2025. Typically,…

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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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There’s No Place Like Home

Toronto’s real estate market in February 2025 experienced a slowdown. Transaction volumes were down by 22% compared to the previous year, and year-to-date transactions for 2025 are 31% lower than the 5-year (2021-2025) average. Despite the decline in transaction activity, prices showed resilience, with average prices increasing by more than 1% compared to February 2024.…

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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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