A Seasonal Lift, Not a Recovery Seasonally, the market did exactly what it normally does. Spring brings more activity. Sales pick up. Prices often rise month-over-month. And we did see that: March numbers look encouraging. Toronto Regional Real Estate Board reported a 1.7% increase in sales and 8.33% decrease in Month of Inventory year over year, which many headlines quickly …
Receive up to $130K rebate for new homes valued up to $1M for one year Ontario is making a bold move to stimulate new housing starts. As part of the 2026 budget, the province is removing the full 13% HST on new homes, offering buyers up to $130,000 in savings. What Is the New HST Rebate? For a limited one-year …
Although the year-over-year numbers appear weak, the early signs of the spring market are beginning to emerge. Compared to January: • Sales increased roughly 25% month-over-month • Average prices increased about 3.7% This seasonal lift is typical as buyers return to the market after the winter slowdown. However, compared to a normal February or early spring market, activity levels remain …
On March 12, 2026, the Making Life More Affordable for Canadians Act (Bill C-4) officially received Royal Assent, bringing the new First-Time Home Buyers’ (FTHB) GST/HST Rebate into law. It allows eligible buyers to recover the 5% GST on qualifying newly built homes. This program is designed to improve affordability for first-time buyers and stimulate new housing construction. Rebate Amounts …
Affordability Improves, but Confidence Remains Absent The GTA housing market remains under pressure as we move into 2026. Sales, prices, and listings are all trending lower on both a month-over-month and year-over-year basis. It reinforcing what many buyers and sellers are already feeling on the ground: this is still a gloomy market, with no clear recovery in sight. January 2026 …
2025 GTA home sales finished at 62,433 transactions, the lowest annual total since 2000. That followed sales of roughly 70,000 homes in both 2023 and 2024, which were already the weakest years since 2001. In other words, the GTA has now experienced three consecutive years of sales at more than a 20-year low. Sales & Average Price by Major Home type …
As we approach the end of 2025, I can’t help but think about how differently this year is wrapping up compared to 2024. Last year at this time, the energy in the market was surprisingly positive. Buyers were eager, trying to get ahead of what many believed would be a competitive spring. Sellers felt confident too, holding firm on price, …
I truly wish I could share better news this month, but we’re still experiencing downward trends in the GTA market. Many of you reading this are hoping for the market to recover. After all, real estate is more than just where we live. It represents our future, our retirement, and for many, our biggest investment. We all want to see …
October 29, 2025 marked a major shift for the Canadian housing market. The Bank of Canada announced its fourth rate cut of the year, lowering the overnight rate by 0.25%.Since peaking at 5%, the central rate has now dropped to 2.25%, and the banks’ prime rate has fallen from 7.2% to 4.45%. That means mortgage rates have returned to around …
The September numbers are in! While prices remain soft, activity across the GTA is finally picking up. We’re seeing more buyers calling, more showings being booked, and more movement overall — early signs that confidence is creeping back into the market. Here’s what’s happening, why it matters, and where things may be heading next. GTA Market Highlights Sales: 5,592(+8.5% YoY) …
