Category: Latest Posts

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

Toronto — Most Affordable homes for September 2026.

Listings (sorted by price):
1. Listing C13534498 — $314,900
2. Listing C13842776 — $324,900
3. Listing C13823670 — $325,000
4. Listing C13593954 — $345,000
5. Listing C13789328 — $349,000
6. Listing C13842368 — $349,800
7. Listing 40857772 — $349,900
8. Listing C13817308 — $349,900
9. Listing C13735648 — $350,000
10. Listing C13790770 — $350,000
11. Listing C13822922 — $359,900
12. Listing C13736992 — $369,000
13. Listing C13804940 — $369,000
14. Listing C13839232 — $370,000
15. Listing C13837906 — $374,900

In Toronto's tough presale market, two condo projects have still attracted buyers by focusing on end users, not the fast-moving investors who once dominated.
A boutique project near Yorkville and the Annex is ~40% sold, with many buyers combining smaller suites into homes averaging ~$3M before customization.
A north Toronto project is ~35% sold after cutting planned units to ~500, creating more spacious layouts, including many two-bedroom and some three-bedroom homes.
Both projects have leaned into downsizer demand, with buyers seeking luxury or better livability, while accepting a slower sales cycle than Toronto's past boom.
One Toronto project is building with its own capital despite modest presales, while the other targets construction in 2027 after reaching financing thresholds.

Toronto’s condo correction has created appraisal gaps, leaving many preconstruction buyers scrambling for cash when lender values fall short of original purchase prices.
An expert said brokers should review the whole household balance sheet, because on-time mortgage payments can still mask rising cards, credit lines, and rental losses.
Key question: what is unsecured borrowing funding? Paying down cards may help, but unresolved household deficits or rental shortfalls can quickly rebuild balances.
One example showed a $350K interest-only second mortgage near ~10%, with ~$44.5K in upfront charges and first-year costs near ~26% of net cash.
For Toronto brokers, the goal is a plan the household can carry; closing one condo is not the same as solving the client’s problem.

In Toronto, lower prices on some condos did not automatically mean better value; buyer interest varied by unit size, location, and intended use.
The pressure centered on smaller units, where supply and demand fell out of balance as completed homes reached market while interest in studios weakened.
Developers had expanded small-condo projects after strong post-COVID demand, but later faced more available units than interested buyers or renters for those layouts.
An economist said reduced immigration and fewer students or temporary residents likely cut demand for studios, while larger units better matched longer-term Toronto households.
For Toronto buyers, condos still could fit first-time ownership or student rental needs, with tentative improvement signs emerging even as the longer-term direction remained unclear.

Following the HST rebate program, demand increased for low-rise new homes in the GTA, signaling stronger buyer interest in that segment recently.
Builders responded to the demand uptick with a steady flow of new low-rise product, keeping the sector balanced and helping limit upward pricing pressure.
The condominium sector continued to struggle to fully participate, as rules around construction start and completion dates limited how much this segment benefited.
Gross pricing was not adjusted for any rebate, but qualifying purchasers could realize additional savings, improving affordability and supporting new homeownership in the GTA.
Industry leaders said measures like this can strengthen the region's economic outlook, protect jobs, and they want governments to help the condo sector participate.

In Mid-Q3, just 2% of qualifying GTA neighbourhoods landed in overbidding territory, versus 3% in Early-Q3, signaling softer buyer competition across the market.
Among 267 qualifying GTA neighbourhoods, 97% were underbid and 1% sold at asking in Mid-Q3, showing bidding wars were rare across GTA.
The condo and single-family gap kept narrowing: 95% of neighbourhoods with enough single-family sales were underbid, versus 98% of qualifying condo neighbourhoods.
An economist said Mid-Q3 had been one of GTA Real Estate’s quietest periods, and recently that pattern meant less competition for buyers.
Across 4.2K GTA homes sold in Mid-Q3, 79% changed hands below asking, versus 78% in Early-Q3, as single-family homes stopped bucking softer demand.

In Mid-Q3, Toronto's avg. asking rent was $2,571, down yearly ~2%, continuing the city's multi-yr decline in overall rental costs for now.
Yet larger units showed firmer pricing: three-bedrooms ↑~4% yearly to $3,642, while two-bedrooms ↑<1% to $2,939, hinting at selective strength within Toronto.
Those gains pointed to some recovery in Toronto's rental market, even as overall asking rents kept moving lower across the city recently.
Toronto remained the country's fourth-priciest rental market in Mid-Q3, showing that even with softer overall pricing, the city still stood among the costliest places.
The outlook around Toronto rentals was still uncertain, while the broader market could feel trade-war effects through business investment, hiring, and new-construction input costs.

In Early-Q2 2026, Greater Toronto’s avg. home price sat near $1.05M CAD, ↓~5% yearly; benchmark pricing ↓~7%, improving buyer leverage across segments.
Condo pricing remains the pressure point: economists expect another ↓~6% to ~7% in 2026, then ↓~3% in 2027, so timing and valuation discipline matter.
Ontario foreclosure listings reached a two-yr high in Early-Q2, with >300 properties in accessible agent databases, signaling more negotiable listings for prepared buyers.
Investor interest is shifting toward rental conversion: one firm plans $500M CAD for >1K new Toronto condos, aided by a tax rebate.
Looking ahead, forecasts suggest Toronto may face a new-housing shortage by 2030, as reduced condo starts intersect with continued national population growth and demand.