Spring is stirring: March home sales jumped over 30% from February as buyers moved to capitalize on improved affordability and significant negotiating power before the market tightens further.

🔍 By the Numbers: March at a Glance

• Total Sales: 5,039 (+1.7% YoY, +30.27% MoM)

• Average Selling Price: $1,017,796 (–6.7% YoY, +0.9% MoM)

• Active Listings: 21,596 (–8.0% YoY, +11.8% MoM)

• New Listings: 14,442 (–16.7% YoY)

• Sales-to-New Listings Ratio: 35% (Up from 29% last year)

• Days on Market:

  • Property DOM: 47 days (Down 13% from February)

  • Listing DOM: 31 days

• Months of Inventory: 4.29 months — Market remains BALANCED.

🧠 Top Takeaway

The "Spring Surge" has arrived, but with a twist. While sales volume skyrocketed 30% month-over-month, new listings fell nearly 17% compared to last year. This tightening of supply means that while buyers still enjoy negotiating power today, the window of "flat" pricing may be closing as we move deeper into 2026.

What's happening locally? Durham Region Market Insights

While the broader GTA sits in balanced territory, local pockets like Durham are showing signs of a much faster recovery.

🏘 Segment Performance

Condos

• ~ 28.2% of total sales

• Average Price: $620,479

• 5.4 months of supply → Remains a Firm Buyer’s Market, though inventory is being absorbed faster as new listings fail to keep pace with sales.

Detached Homes

• ~ 44.4% of total sales

• Average Price: $1,342,375

• 4.17 months of supply → Balanced Market.

Durham Region

• 392 Sales | Average Price: $850,304

• 2.96 months of inventory → Inventory has dipped below the 3-month mark, a strong signal for sellers. Durham continues to be the GTA's top performer for seller-favorable conditions.

City of Toronto

• 951 Sales | 4,912 Listings

• 5.17 months of inventory → Buyer’s Market. The 416 remains the best bet for buyers looking for maximum choice.

🏦 Economic & Financing Context

• Bank of Canada: The policy rate was held steady at 2.25% on March 18, 2026. The next announcement is set for April 29, with markets pricing in a 96% chance of another hold.

• Bond Market & Fixed Rates: 5-year Government of Canada bond yields are hovering near 3.06%. This has caused some fixed mortgage rates to edge slightly higher recently, making the cost of "breaking" a mortgage more expensive for some.

• The "Renewal Crunch": A recent TD study found that 56% of homeowners are cutting discretionary spending to prepare for higher payments at renewal.

• Stirring Demand: Despite renewal stress, 30% of prospective buyers say they are more likely to purchase before year-end, citing lower prices and rate stability as the primary "green lights".

🔄 What this means for you?

For Buyers:

The surface is beginning to bubble. While you still have "substantial negotiating power", the 16.7% drop in new listings suggests that the massive inventory selection we saw in January is starting to be absorbed. If you are one of the 75% of buyers currently saving for a down payment, now is the time to finalize your pre-approval before the "missing middle" supply tightens further.

For Sellers:

Inventory in the GTA is currently 8% lower than last year. In areas like Durham, where inventory is under 3 months, you are in a much stronger position than the "Buyer's Market" headlines suggest. With properties selling 13% faster than last month, the market is picking up speed—but correct pricing remains the bridge to a successful sale.

🔮 Quick Verdict

📞 Get our family working for yours

The market is shifting from "wait and see" to "active and moving." A cookie-cutter approach won't work when one neighborhood is in a Buyer's Market and the next is leaning toward Sellers. If you need help navigating these tightening conditions, reach out. We tailor our strategy to meet your unique goals.

👉 Contact us today to stay ahead of the spring market curve.

CONTACT THE JSA TEAM

📌 Supporting Sources

• TRREB Market Watch (March 2026): https://trreb.ca/market-data/market-watch/

• TD Survey on Homeowner Spending: Cantech Letter / TD News Release

• Bank of Canada Rate Announcement (March 18): RBC Economics

• Mortgage Rate Trends: Canadian Mortgage Trends

Sales slow further, prices dip, and inventory remains elevated — creating more opportunity for savvy buyers.

🔍 By the Numbers: November at a Glance

• Total Sales: 5,010 (–15.8% YoY, –18.3% MoM) Toronto Real Estate Board+1

• Average Selling Price: $1,039,458 (–6.4% YoY, –1.4% MoM) Toronto Real Estate Board+1

• New Listings: –4.0% YoY, –1.4% MoM Toronto Real Estate Board+1

• Active Listings: 24,549 (+16.8% YoY, –11.2% MoM) Toronto Real Estate Board+1

• Sales-to-New Listings Ratio: ~ 45%

• Days on Market:

  • Property DOM: 56 days

  • Listing DOM: 34 days

• Months of Inventory: 4.90 months — a balanced market, but still favouring buyers

SOURCE: TRREB November 2025 Market Update

🧠 Top Takeaway

With sales dropping to a five-month low and prices continuing to soften — even as inventory remains elevated — November provides buyers with substantial choice and negotiating leverage, while sellers need strategy more than urgency.

What's happening locally? Durham Region Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

🏘 Segment Performance

• Condos: ~ 25.9% of sales, ~ 33.5% of active inventory, with 6.33 months of supply → Firm buyer’s market

• Detached Homes: 4.83 months of supply → Balanced, but trending toward buyer’s market

• Durham Region: ~ 3.46 months of inventory → Balanced

• City of Toronto: ~ 4.9 months inventory → Balanced, but leaning toward buyers

SOURCE: TRREB November 2025 Market Update

🏦 Economic & Financing Context

• The Bank of Canada (BoC) cut its policy rate to 2.25% in late October — its lowest point in years — aiming to support the economy amid ongoing macroeconomic uncertainties. Bank of Canada+1

• That cut lowered borrowing costs and helped affordability, but the BoC has signalled the rate-cutting cycle may be over for now, as inflation stabilizes and economic pressures recalibrate. Yahoo Finance+1

• As a result, many rate-sensitive buyers who acted on earlier cuts already benefited; new buyers may now need to factor in elevated supply and cautious lender sentiment.

SOURCES: Bank of Canada, Yahoo Finance

🔄 What’s Changing — and What’s Not

• Sales continue to pull back — November marked one of the slowest months for transactions in 2025.

• Prices remain soft — Average selling price saw further YoY decline, with more downward pressure likely until supply balances with demand.

• Inventory stays elevated — Nearly 25,000 active listings gives buyers strong selection and leverage.

• Condos remain buyer-friendly, while detached homes and certain suburbs show early signs of pricing stabilization — but require careful positioning.

• Rate cuts offer support, but uncertainty lingers — Economic headwinds, global trade tensions, and market caution continue to influence buyer confidence.

⚖️ Buyers vs. Sellers: What This Means

For Buyers:

• More options and lower prices — this is a good window for negotiation, especially for condos and mid-priced detached homes.

• Because inventory is deep, you have time to assess, compare, and negotiate — no need to rush.

• If you find a property that fits your needs and budget now, the odds favour securing a favourable deal.
  

For Sellers:

• Pricing aggressively and realistically matters more than ever — overpricing in a buyer-favoured market often leads to extended time on market.

• Presentation and marketing will matter — with many options available, the standout homes will get attention.

• For detached or resale homes in balanced zones like Durham, timing and proper positioning remain the keys to success.

🔮 Quick Verdict

✅ Bottom Line

With steep price drops in 2025, high inventory, and softer demand, November 2025 reinforced a more buyer-favoured market.

If you’re thinking about buying, selling — or just curious where this market is headed — reach out. We’ll help you navigate intelligently and confidently in this evolving real-estate landscape.

👉 Contact us today to get started.

Sales hold steady, prices dip, and inventory levels continue to give buyers the upper hand.

By the Numbers: September at a Glance

• Total Sales: 5,211 (+2.3% YoY, –14.6% MoM)

• Average Selling Price: $1,022,143 (–5.2% YoY, –2.8% MoM)

• New Listings: Up 9.4% YoY, down 20.3% MoM

• Active Listings: 27,495 (+22.4% YoY, –9% MoM)

• Sales-to-New Listings Ratio: ~37%

• Days on Market:

  • Property DOM: 41 days

  • Listing DOM: 30 days

• Months of Inventory: ~5 months — favouring buyers

🧠 Top Takeaway:

August showed stable sales but continued price softness, with steady inventory keeping the market tilted in favour of buyers—even as demand remains consistent.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

📸 Segment Snapshot

📉Economic & Construction Insights

• Bank of Canada Watch: With the next rate decision on September 17, all eyes are on upcoming inflation data to guide policy direction. Opinions vary on whether the central bank will raise or cut its 2.75% rate.

• Building Activity Slowing: New housing starts surged 4% July-over-July overall in Canada, but Ontario continues to lag. Windsor recorded 25% fewer starts in H1 2025 versus 2024—and Toronto’s figures fell dramatically.
  

🏠 What’s Changing — and What’s Not

1. Affordability Still a Focus: Prices are easing YoY, but many buyers still face monthly affordability challenges—even in a more liquid market.
   

2. Inventory Remains Elevated: With five months of supply, buyers have ample choice, though market activity remains measured.
   

3. Construction Slowdown Looms: Decreased housing starts in Ontario may tighten future supply—an important insight for strategic buyers or long-term investors.
   

4. Interest Rate Uncertainty Ahead: Inflation data due mid-September could sway BoC decisions, impacting mortgage cost expectations.

⚖️ Buyers vs. Sellers: What’s the Game Plan?

For Buyers:

• You’ve got room to navigate—no need to rush or overpay.

• Stay informed about rate movements ahead of the September decision.

• Low construction today may mean fewer new choices down the road—act when ready.

For Sellers:

• Price competitively—don’t cut too late chasing correction.

• Professional valuation remain important

• Let’s align your timing with market trends and local dynamics—especially in areas like Durham, where inventory remains balanced.

🔮 Quick Verdict

📞Need a Customized Buying or Selling Strategy?

Whether you’re ready to act or just assessing, now is the time for informed moves. Let’s collaborate to create a strategy tailored to your goals and market timing.

👉 Reach out for a personalized consultation

SOURCES: TRREB, Canadian Mortgage Trends, CMP, Bank of Canada, CBC, Todayville, cmhc-schl.gc.ca, TD Economics, RBC

Sales hold steady, prices dip, and inventory levels continue to give buyers the upper hand.

By the Numbers: September at a Glance

• Total Sales: 5,211 (+2.3% YoY, –14.6% MoM)

• Average Selling Price: $1,022,143 (–5.2% YoY, –2.8% MoM)

• New Listings: Up 9.4% YoY, down 20.3% MoM

• Active Listings: 27,495 (+22.4% YoY, –9% MoM)

• Sales-to-New Listings Ratio: ~37%

• Days on Market:

  • Property DOM: 41 days

  • Listing DOM: 30 days

• Months of Inventory: ~5 months — favouring buyers

🧠 Top Takeaway:

August showed stable sales but continued price softness, with steady inventory keeping the market tilted in favour of buyers—even as demand remains consistent.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

📸 Segment Snapshot

📉Economic & Construction Insights

• Bank of Canada Watch: With the next rate decision on September 17, all eyes are on upcoming inflation data to guide policy direction. Opinions vary on whether the central bank will raise or cut its 2.75% rate.

• Building Activity Slowing: New housing starts surged 4% July-over-July overall in Canada, but Ontario continues to lag. Windsor recorded 25% fewer starts in H1 2025 versus 2024—and Toronto’s figures fell dramatically.
  

🏠 What’s Changing — and What’s Not

1. Affordability Still a Focus: Prices are easing YoY, but many buyers still face monthly affordability challenges—even in a more liquid market.
   

2. Inventory Remains Elevated: With five months of supply, buyers have ample choice, though market activity remains measured.
   

3. Construction Slowdown Looms: Decreased housing starts in Ontario may tighten future supply—an important insight for strategic buyers or long-term investors.
   

4. Interest Rate Uncertainty Ahead: Inflation data due mid-September could sway BoC decisions, impacting mortgage cost expectations.

⚖️ Buyers vs. Sellers: What’s the Game Plan?

For Buyers:

• You’ve got room to navigate—no need to rush or overpay.

• Stay informed about rate movements ahead of the September decision.

• Low construction today may mean fewer new choices down the road—act when ready.

For Sellers:

• Price competitively—don’t cut too late chasing correction.

• Professional valuation remain important

• Let’s align your timing with market trends and local dynamics—especially in areas like Durham, where inventory remains balanced.

🔮 Quick Verdict

📞Need a Customized Buying or Selling Strategy?

Whether you’re ready to act or just assessing, now is the time for informed moves. Let’s collaborate to create a strategy tailored to your goals and market timing.

👉 Reach out for a personalized consultation

SOURCES: TRREB, Canadian Mortgage Trends, CMP, Bank of Canada, CBC, Todayville, cmhc-schl.gc.ca, TD Economics, RBC

If you’re considering a move in the last half of 2025 getting expert insight into the market is a must so this post is for you.

RE/MAX has come out with their annual Fall market update. It not only recaps year-to-date for the Canadian real estate market and highlights communities like Durham Region, but it offers a prediction into what RE/MAX expects to happen by years end. 

While our team is with Sutton Group we believe information is power for our clients and the RE/MAX perspective is worth taking a look at. That said, don’t let the headlines dictate your move. Timing the market is full of potential landmines. Before making any decisions speak to an expert and get on-the-ground insights about your market and your situation. Need help? Contact us.

In the meantime lets see what RE/MAX has to say:

Canadian Real Estate Market Year-to-Date (2025)

• Average home price (Jan 1–Jul 3): $900,089, marking a 3.7 % drop year-over-year.

• Sales volume (Jan 1–Jul 31): 4,999 units, down 11.1 % year-over-year.

• New listings (Jan 1–Jul 31): 13,425, a 14.4 % increase year-over-year.

What’s Ahead for the Rest of 2025

• Average price is projected to fall 5 %, landing around $855,085 by year-end.

• Sales are expected to decline a further 3 %.

• This confirms a buyer’s market nationwide, with inventory climbing and demand softening.

Nationwide, RE/MAX expects the national average home price to slide by 6.5 % and sales to dip by 5 % by year-end. Inventory surges in Ontario and BC are gradually shifting these areas into buyer-favored territory.

Key Takeaways: Canada at a Glance

1. Buyers hold the leverage. Rising inventory and falling prices give purchasers more negotiating power.

2. Prices dipping but regionally varied. Ontario and BC see declines, while Atlantic Canada and the Prairies hold firm or even rise.

3. Shifting buyer profile. First-time buyers now tend to be older (late 20s to 40s), many turning to family help, co-ownership, or strong savings to get in the game..

4. Sellers adjusting. Expect more realistic pricing, strategic staging, and conditional offers as new market norms.

5. Falling rates fuel optimism. Inventory up + affordability improving may attract cautious buyers back into the market.

Bottom line: Across Canada, the real estate market is tilting in favour of informed and prepared buyers, while sellers who align with current realities will still find success.

Focus: Durham Region

Here's how Durham Region is shaping up:

• Avg. price (Jan 1–Jul 3): $900,089—a 3.7 % drop from last year.

• Sales (Jan 1–Jul 31): 4,999 units, down 11.1 %.

• Listings: 13,425, up 14.4 %.

• Year-end forecast:

  • Price: –5 %, projecting to $855,085.

  • Sales: –3 %.

  • Market type: Firmly a buyer’s market.

Developments in late summer/early fall show continued balance:

• Balanced market conditions, with buyers seeing more options and homes staying on market longer.

• Inventory nearing 2009 highs, sales down sharply, homes generally selling below list price—especially in southern Durham.

• Average September sale price: $842,615 (down 5.8 % year-over-year), with sale-to-list ratio around 98.3 %.

• Months of inventory: About 5.6 months, indicating sufficient supply for current demand.

Durham Region Takeaway

Buyers have the upper hand—with more choices and less urgency in bidding wars. Sellers must price smart, time thoughtfully, and stand out in a crowded landscape. Proper preparation and local strategy are key for anyone looking to transact by year’s end.

Final Word:

For buyers, now is a moment of opportunity—leverage the extra inventory and negotiate smartly. Sellers? Align with the market, focus on presentation and pricing, and get the help of a seasoned agent to stand out.

GET THE HELP YOU NEED 👉 CONTACT US

SOURCES: RE/MAX Canada, Narcity, Ceros, renxhomes.ca, REMINET, Yahoo Finance, John Owen

Don’t be fooled by the headlines. Let us give you the whole picture. Sales are heating up, but inventory remains elevated—buyers still hold the advantage.

By the Numbers: July at a Glance

• Total Sales: 6,100 (+10.9% YoY, –2.3% MoM)

• Average Selling Price: $1,051,719 (–5.5% YoY, –4.5% MoM)

• New Listings: 17,613 (+5.7% YoY, –11.2% MoM)

• Active Listings: 30,215 (+26.1% YoY, –4.4% MoM)

• Sales-to-New Listings Ratio: ~35%

• Days on Market:

  • Property DOM: 41 days

  • Listing DOM: 30 days

• Months of Inventory: 4.95 months — a balanced market with a slight buyer tilt

🧠 Top Takeaway:

July delivered the strongest home sales for the month since 2021, but high inventory kept the market balanced—leaning in favour of buyers.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

Segment Insights

📉 Economic & Rate Context

• BoC Rate: Held at 2.75%, with global economic uncertainty and trade tensions continuing to weigh on policy decisions.

• Macro Observations: Housing remains a key economic driver. Cuts to interest rates would support stronger sales, but affordability is gradually improving as prices soften.

🏠 What’s Changing — and What’s Not

1. Sales Are Gaining Momentum: July sales were the most robust for the month in four years, showing renewed buyer activity.

2. Prices Continue to Cool: Average prices are still down year-over-year, improving affordability.

3. Inventory Remains Elevated: More listings mean choice for buyers—and leverage in negotiations.

4. Segment Trends Differ: Condos remain strongly buyer-friendly, while demand for detached homes and suburban areas shows stability.

⚖️ Buyers vs. Sellers: Who Holds the Edge?

For Buyers:

• Enjoy expanded choices and improved pricing—particularly in the condo market.

• Entry-level detached homes are active, but still offer room for negotiation.

• With possible rate cuts ahead, locking in financing sooner may be smart.

For Sellers:

• Entry-level properties remain in demand; € ensure proper presentation and pricing.

• Larger or luxury listings may require more time to sell—strategic marketing is essential.

• Partner with an agent who can position your home effectively in this nuanced market.

🔮 Quick Verdict

📞 Need Strategy, Not Guesswork?

July’s market shows more activity—but high inventory means buyers have choices and sellers must be smart. Whether you're ready to act or gathering intel, let’s collaborate and build your tailored strategy.

👉 Reach out for your personalized consultation

SOURCES:  TRREB, Zoocasa, Global News, Sotheby's Residences Group, Storeys, GlobeNewswire, GTA Chronicle

February Market Watch: Homebuyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025.

As we move into the spring market, the February 2025 housing data from TRREB highlights a market in transition. While sales activity showed a modest month-over-month increase, year-over-year figures remain significantly lower. Interest rate shifts, buyer sentiment, and a glut of condo inventory continue to shape market conditions across the Greater Toronto Area.

Market Dynamics

• Total Sales: The GTA saw sales dip year-over-year to 4,037 (-27.4% YoY, +4.9% MoM)

• Average Selling Price: Selling Prices remained relatively stable averaging $1,084,547 (-4.1% YoY, +1.2% MoM)

• New Listings: February saw new listings grow year over-year up 5.4% to 12,066 and down 2.6% from January.

• Active Listings: Inventory remains significantly elevated, with year-over-year growth in available properties up 76% and 13.9% above January.

• Days on Market:

  • Listing DOM: Listings sell on average in 28 days (+12.0% YoY, -24.3% MoM)

  • Property DOM: Listings that terminate and re-list are on for 43 days (+16.2% YoY, -21.8% MoM)

What's happening locally? Toronto Market Insights

Interest Rate & Mortgage Trends

The Bank of Canada (BoC) initiated its first rate cut of the year in January, bringing the policy rate down to 3.00%, and another cut to 2.75% is anticipated in March. This shift is a response to slowing economic activity and declining inflation. Lower borrowing costs are beginning to make homeownership more accessible for some buyers, particularly those considering variable-rate mortgages.

Meanwhile, fixed mortgage rates have also seen downward pressure, reflecting declining 5-year bond yields. As the bond market anticipates further BoC rate cuts, we may see fixed-rate mortgages continue to decrease, offering buyers improved affordability.

Key Market Observations

1. Sales Remain Subdued, but Price Stability Emerges

   • While sales volumes are down significantly year-over-year, average prices are showing signs of stabilization. Month-over-month growth in pricing suggests some resilience in the market, particularly for well-priced freehold homes.

2. More Listings, Longer Selling Timelines

   • New listings continue to rise, contributing to a more balanced market. While sellers must be strategic with pricing, buyers have greater selection and negotiation power.

3. The Condo Market Faces Headwinds

   • In contrast to freehold properties, GTA condos continue to struggle with an oversupply of listings. With more than six months of inventory in some areas, the condo segment remains firmly in a buyer’s market, placing downward pressure on prices and extending selling timelines.

4. Economic Uncertainty from Trade War Looms

   • The ongoing trade war between the U.S. and Canada, particularly new tariffs on Canadian exports, has introduced economic uncertainty that could impact job markets and consumer confidence. While the full effect on housing remains unclear, uncertainty makes it difficult to predict long-term trends, keeping both buyers and sellers cautious.

What This Means for Buyers & Sellers

For Buyers:

• The market remains favourable for those looking to purchase, with more options and improving affordability as interest rates decline.

• Condos, in particular, offer strong negotiation opportunities due to elevated inventory levels.

• Well-priced properties in desirable areas are still attracting competition, so preparation and decisive action remain important.

For Sellers:

• While prices are showing some stability, strategic pricing and strong presentation are key to attracting serious buyers.

• Homes are taking longer to sell, meaning sellers should be prepared for extended timelines compared to previous years.

• Freehold properties continue to see steady demand, though pricing realistically in the current market is crucial.

Final Thoughts

The GTA real estate market is evolving as interest rates shift and inventory levels rebalance. While challenges persist, particularly in the condo segment, the broader market is adjusting to more balanced conditions. However, the uncertainty surrounding the ongoing trade war adds an additional layer of complexity, making it difficult to predict the long-term trajectory of housing demand.

As we enter the spring market, staying informed and working with experienced professionals will be key to making the right real estate decisions.

Thinking about buying or selling? Contact us today to navigate the market with confidence!

Call Ben at 905-995-23372

MORE MARKET INSIGHTS (All of Durham Region Markham/Stouffville & Port Hope/Cobourg)

January Market Watch: The GTA housing market kicked off 2025 with a mixed bag of activity.

Market Dynamics

Sales Momentum: According to the latest report from TRREB, January saw 3,847 home sales, a 7.9% decrease compared to January 2024. While sales have dipped slightly year-over-year, the market is showing signs of activity, and many homes are experiencing multiple offer scenarios.

Listing Dynamics: New listings have surged by 48.6% compared to last year, totalling 12,392 new homes on the market.

Price Trends: Average home prices have seen a modest increase of 1.5% year-over-year, bringing the average price to $1,040,994.

Market Status: Listings spent an average of 55 days on the market in January,

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

Impact of Interest Rates

Impact of Mortgage Rates

The Bank of Canada delivered another rate cut in January, reducing the benchmark rate by 0.25% bringing it down to 3.00%. This move offers relief to variable-rate mortgage holders and those seeking new variable-rate options. Fixed mortgage rates have also seen a slight dip recently with some 5 year fixed coming in under the 4% mark.

The next Bank of Canada announcement is on March 12th.

What Does This Mean for Buyers and Sellers?

For Buyers:

This market may present opportunities, especially with new listings on the rise. Additionally, although the average price is up from last year, the MLS® Home Price Index shows a slight increase of just 0.44% year-over-year, meaning prices are relatively stable compared to the broader market trends. If you end up offering on a home that is holding an offer date and priced for multiples, just remember that you likely wont have to break the bank. Look at recent comparable sales and go in at a price you are comfortable with. If you don’t get it, move on knowing you didn’t over pay and the next home of your dreams will become available soon.

For Sellers:

Prices are still holding steady, and even with the current inventory we have seen more offer dates and homes selling in multiple offers. This means your home could see increased competition if it is priced competitively and shows well.

In Conclusion 

The market is showing signs of recovery, with month-over-month sales up in January compared to December 2024, suggesting that the usual seasonal slowdown might be easing.

Get the Help You Need:

Ready to buy or sell in the GTA? Contact us today for expert advice and tailored support to navigate this evolving market. Let’s make 2025 your most successful year yet.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (All of Durham Region Markham/Stouffville & Port Hope/Cobourg)

December Market Watch: Seasonal Slowdown Sets the Stage for 2025 Opportunities

As expected, December brought a seasonal cooldown to the GTA housing market. With fewer listings, softened sales, and mixed price trends, both buyers and sellers can find unique opportunities in this quieter time of year. Here’s what the latest data reveals and what it could mean for you.

Market Dynamics

Sales Momentum: December 2024 saw a predictable dip in sales activity, declining 1.8% year-over-year and a significant 43% month-over-month, following November's remarkable 40% year-over-year surge. The seasonal slowdown reflects the typical December pattern as the market winds down for the holidays.

Listing Dynamics: New listings dropped sharply, down nearly 60% from November, but remained 20% higher than December 2023 levels. Active listings, meanwhile, were up 48.5% year-over-year, indicating an inventory buildup compared to the prior December but a noticeable contraction compared to the fall months.

Price Trends: The average sale price for December landed at $1,067,186, down 1.6% year-over-year and 3.5% month-over-month. Looking at the bigger picture, the average sale price for 2024 across all home types came in at $1,117,600—a modest 0.8% dip compared to 2023’s $1,126,263.

Market Status: Listings spent an average of 36 days on the market in December, while total property days on market, including relisted homes, averaged 56 days. These figures underscore the slower pace of activity that defines this time of year.

What's happening locally? Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

Impact of Interest Rates

Impact of Mortgage Rates

The Bank of Canada delivered another rate cut on December 11, reducing the benchmark rate by 0.50%. This move offers relief to variable-rate mortgage holders and those seeking new variable-rate options. However, fixed mortgage rates edged higher earlier in the month, following a lagging response to increased bond yields from the fall. Looking ahead, industry experts anticipate fixed rates will decrease in 2025 as lenders compete for the attention of the 1.2 million Canadians facing mortgage renewals next year.

The next Bank of Canada announcement is on January 24th.

What Does This Mean for Buyers and Sellers?

What Does This Mean for Buyers and Sellers?

For Buyers:

December can present hidden gems for savvy buyers. With fewer active shoppers in the market, competition is reduced, providing more room for negotiation. If you’re able to find a home that fits your needs, you might secure a great deal ahead of the busier spring market.

For Sellers:

A quieter December market can actually work in your favor, with fewer competing listings vying for buyer attention. If your home is well-prepared and strategically marketed, it has the potential to stand out and attract serious buyers. Alternatively, December is an excellent time to prepare for a spring listing, ensuring your home is in prime condition to capitalize on early 2025 demand.

In Conclusion 

The December market slowdown is a natural conclusion to the year, but it sets the stage for exciting opportunities in 2025. With interest rates shifting, inventory tightening, and buyer activity expected to pick up, now is the time to plan your next move strategically.

Get the Help You Need:

Ready to buy or sell in the GTA? Contact us today for expert advice and tailored support to navigate this evolving market. Let’s make 2025 your most successful year yet.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

December Market Watch: Seasonal Slowdown Sets the Stage for 2025 Opportunities

As expected, December brought a seasonal cooldown to the GTA housing market. With fewer listings, softened sales, and mixed price trends, both buyers and sellers can find unique opportunities in this quieter time of year. Here’s what the latest data reveals and what it could mean for you.

Market Dynamics

Sales Momentum: December 2024 saw a predictable dip in sales activity, declining 1.8% year-over-year and a significant 43% month-over-month, following November's remarkable 40% year-over-year surge. The seasonal slowdown reflects the typical December pattern as the market winds down for the holidays.

Listing Dynamics: New listings dropped sharply, down nearly 60% from November, but remained 20% higher than December 2023 levels. Active listings, meanwhile, were up 48.5% year-over-year, indicating an inventory buildup compared to the prior December but a noticeable contraction compared to the fall months.

Price Trends: The average sale price for December landed at $1,067,186, down 1.6% year-over-year and 3.5% month-over-month. Looking at the bigger picture, the average sale price for 2024 across all home types came in at $1,117,600—a modest 0.8% dip compared to 2023’s $1,126,263.

Market Status: Listings spent an average of 36 days on the market in December, while total property days on market, including relisted homes, averaged 56 days. These figures underscore the slower pace of activity that defines this time of year.

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Impact of Interest Rates

Impact of Mortgage Rates

The Bank of Canada delivered another rate cut on December 11, reducing the benchmark rate by 0.50%. This move offers relief to variable-rate mortgage holders and those seeking new variable-rate options. However, fixed mortgage rates edged higher earlier in the month, following a lagging response to increased bond yields from the fall. Looking ahead, industry experts anticipate fixed rates will decrease in 2025 as lenders compete for the attention of the 1.2 million Canadians facing mortgage renewals next year.

The next Bank of Canada announcement is on January 24th.

What Does This Mean for Buyers and Sellers?

What Does This Mean for Buyers and Sellers?

For Buyers:

December can present hidden gems for savvy buyers. With fewer active shoppers in the market, competition is reduced, providing more room for negotiation. If you’re able to find a home that fits your needs, you might secure a great deal ahead of the busier spring market.

For Sellers:

A quieter December market can actually work in your favor, with fewer competing listings vying for buyer attention. If your home is well-prepared and strategically marketed, it has the potential to stand out and attract serious buyers. Alternatively, December is an excellent time to prepare for a spring listing, ensuring your home is in prime condition to capitalize on early 2025 demand.

In Conclusion 

The December market slowdown is a natural conclusion to the year, but it sets the stage for exciting opportunities in 2025. With interest rates shifting, inventory tightening, and buyer activity expected to pick up, now is the time to plan your next move strategically.

Get the Help You Need:

Ready to buy or sell in the GTA? Contact us today for expert advice and tailored support to navigate this evolving market. Let’s make 2025 your most successful year yet.

Call Ben at 905-995-23372 or Jim at 905-409-9967

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November Market Watch: Is the GTA Housing Recovery Gaining Momentum?

With sales up 40.1% year-over-year and borrowing costs trending lower, the GTA housing market is making headlines. But what’s really happening behind the numbers? While buyers are reaping the benefits of choice and negotiating power, sellers are navigating a balanced market with cautious optimism for 2025. Let’s break down the latest stats and what they mean for you.

Market Dynamics

Sales Momentum: November 2024 saw 5,875 home sales, marking a 40.1% increase year-over-year. However, sales dipped 11.76% month-over-month, reflecting the typical seasonal slowdown as the holiday season approaches.

Listing Dynamics: New listings increased by 6.6% compared to November 2023 but declined significantly by 24.4% from October. Meanwhile, active listings rose 30.2% year-over-year but decreased by 10.9% month-over-month, signaling that the market is tightening as inventory gets absorbed.

Price Trends: The average selling price climbed 2.6% year-over-year to $1,106,050, but dropped 2.6% from October. Single-family homes are seeing stronger price growth, while condos remain a buyer’s market with lower average prices and ample options.

Market Status: With 31 days on the market on average, properties are moving at a steady but not rushed pace. The GTA remains a balanced market, where neither buyers nor sellers have a distinct advantage—a trend expected to persist into 2025

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

Impact of Interest Rates

Impact of Mortgage Rates

The Bank of Canada’s recent rate cuts continue to shape the market. Borrowing costs are trending lower, helping more buyers enter the market or upgrade to larger homes. With another rate cut anticipated in December, purchasing power is expected to strengthen further, fueling competition into the new year.

Condo buyers, in particular, are benefitting from the current environment, with strong negotiating positions and ample inventory providing opportunities to secure favorable deals. 

The next Bank of Canada announcement is on December 11th.

What Does This Mean for Buyers and Sellers?

What Does This Mean for Buyers and Sellers?

For Buyers:

The window of opportunity is still open, but the market is tightening, especially in the detached home segment. Buyers who act now can take advantage of choice and negotiating power, particularly in the condo market, before competition intensifies in 2025.

For Sellers:

While the market is balanced, sellers cannot take for granted that their property will sell without effort. Strategic pricing and preparation are key to standing out as buyers continue to weigh their options carefully.

In Conclusion 

The GTA housing market is showing signs of recovery, with buyers steadily returning and sellers navigating a balanced market. With interest rates declining and inventory tightening, the stage is set for an accelerating market recovery in 2025. Whether you're buying or selling, planning strategically now can set you up for success in the coming months.

Get the Help You Need:

Ready to buy or sell in the GTA? Contact us today for expert guidance and personalized support to navigate this evolving market and make the most of current opportunities.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

Have the Bank of Canada’s Interest Rate Cuts been enough to stimulate the Fall Market?

As we move into the final quarter of 2024, the Greater Toronto Area (GTA) real estate market remains dynamic, with signs of both stability and uncertainty. While home sales have shown a modest increase year-over-year and new listings are flooding the market, the anticipated impact of recent interest rate cuts has yet to fully materialize. Buyers are benefiting from more inventory and a slightly more favorable mortgage landscape, but sellers face challenges in pricing homes effectively amidst longer days on market. In this recap, we'll explore key market trends, the evolving mortgage environment, and what these changes mean for buyers and sellers as we approach the end of 2024.

Market Summary

Sales Momentum: October’s sales increased by a remarkable 44.4% from 2023 and 33% from the previous month. This impressive growth points to heightened buyer engagement, likely driven by recent interest rate cuts and increasing consumer confidence in a more balanced market.

• Listing Dynamics: New listings rose modestly by 4.3% year-over-year but fell 15.3% from September, hinting that sellers may be holding back due to the approaching holiday season or expectations of better pricing ahead.

• Active Listings: Although active listings were up by 25.3% year-over-year, they decreased by 4.4% from the previous month, showing signs that excess inventory is gradually being absorbed by the market.

• Price Trends: Average home prices showed a 1.1% increase from last year and a 2.5% rise from September, indicating gradual price stability with slight upward pressure as competition picks up.

• Market Status: With 3.68 months of inventory available, the GTA remains in a balanced market, with a sales-to-new-listings ratio of 43%. This offers both buyers and sellers unique opportunities as the market continues to stabilize.

• Time to Sell: Listings spent an average of 27 days on the market, with an overall average selling time of 43 days when you take into account listings that terminated and relisted. This reflects the need for competitive pricing and strategic positioning as buyers weigh their options in a still-saturated market.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

Impact of Interest Rates

Mortgage Rate Dynamics and Their Impact

On October 23, 2024, the Bank of Canada made a bold move by lowering its policy rate by 0.50% to 3.75%, the largest cut since the cycle began in June. While many anticipated that this would stimulate home sales, October's market activity hints that the mere expectation of the cut may have already influenced buyers to act.

As we approach the Bank’s December 11 announcement, another potential rate cut could further drive purchasing activity, particularly for those with increased purchasing power in a more favorable borrowing environment.

Effect on Variable-Rate Mortgages: For adjustable-rate mortgage holders, this recent rate cut could equate to approximately $30 less in monthly payments per $100,000 of mortgage debt, based on a 25-year amortization. For fixed-payment variable-rate mortgage holders, more of each payment will go toward building equity.

Impact on Fixed Rates: In contrast, fixed-rate mortgage holders may see modest rate hikes, as lenders have started adjusting rates slightly. These incremental adjustments stem partly from recent U.S. elections and market responses.

What Does This Mean for Buyers and Sellers?

What Does This Mean for Buyers and Sellers?

For Buyers:

The surge in sales activity shows competition is heating up, but with a substantial inventory still on the market, buyers continue to have leverage for negotiating and submitting conditional offers. However, this window of opportunity won’t remain open indefinitely, as sidelined buyers are likely to re-enter as rate cuts continue.

For Sellers

For those planning to sell, October’s sales momentum is an encouraging signal. As inventory often slows around the holiday season, there’s potential for fewer listings and increased demand from motivated buyers. If inventory continues to shrink, sellers can anticipate stronger competition and possibly favorable pricing dynamics.

In Conclusion 

With active listings still substantial but gradually reducing the market's balance will depend on whether sales growth continues into the winter months. The next few months will reveal if buyers will jump in now or await further rate cuts, which will likely intensify competition as we move toward spring.

Get the Help You Need:

Ready to buy or sell in the GTA? Contact us today for expert guidance and personalized support to navigate this evolving market and make the most of current opportunities.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)