Q2 2026 HOUSING MARKET REVIEW

Durham Region: Looking Beyond the Regional Average

One of the challenges with interpreting housing statistics is that regional averages often mask what is happening at the community level. While Durham Region continues to follow many of the broader GTA trends, the pace of recovery varies considerably between municipalities and property types.  Affordability remains Durham's greatest competitive advantage, but it is no longer the only factor driving demand. Buyers are increasingly focused on lifestyle, commuting flexibility, school districts, newer housing...

The Economic Dashboard

Why the Housing Market Is Improving—But Confidence Still Matters

One of the more interesting developments during the first half of 2026 is that housing fundamentals have improved more quickly than consumer confidence.

Mortgage borrowing has become more affordable than it was a year ago, sales activity has strengthened steadily through the second quarter, and prices have begun recovering from their winter lows. Under normal market conditions, those factors would typically produce a much stronger spring market than we've experienced.

Instead, buyers have remained...

Q2 2026 HOUSING MARKET REVIEW

Looking Beyond the Headlines

"Markets rarely change direction overnight. More often, they evolve gradually until enough small changes become impossible to ignore."

That is perhaps the best way to describe the Greater Toronto Area housing market after the first six months of 2026.  If you focus only on year-over-year comparisons, the narrative appears relatively straightforward. Average selling prices remain below June 2025 levels, active listings are substantially higher than they were a year ago, and many buyers continue to enjoy a wider selection of homes...

The GTA Story: Improvement Without Urgency

The spring market continued to build momentum throughout May. Sales increased again compared to both earlier months in 2026 and the same period last year. At the same time, fewer homeowners chose to bring properties to market, reducing the flow of new inventory.  The significance of this shift shouldn't be understated. Throughout much of 2024 and into early 2025, supply was growing faster than demand. Buyers had more options, longer decision-making windows, and substantial negotiating leverage. That dynamic has not disappeared, but it has begun...

Real estate headlines reported a 16.7% year-over-year drop in new listings for March, suggesting a shift in seller behaviour. That’s not entirely surprising. Sellers are clearly reacting to market conditions that look very different from a year ago.  Twelve months ago, we weren’t dealing with the same level of global economic uncertainty or geopolitical tension. Today, those factors are weighing on consumer confidence, and both buyers and sellers are making more cautious, financially driven decisions. Rising energy costs are also pushing up the price of everyday goods, adding further...

Over the past decade, the GTA real estate market has experienced one of the most dramatic cycles in its history. Media headlines over the last five years have focused on soaring prices, sudden corrections, and ongoing uncertainty.

But when we step back and examine the data over a full market cycle, a much calmer — and more useful — picture emerges.

The charts below are designed to separate short-term noise from long-term reality, helping buyers and sellers make confident, informed decisions.



Market Volatility vs Long-Term Reality

GTA Home Price Growth Rates (All Home Types)

The first...

GTA Housing Market Ends 2025 with Lower Sales, Improved Affordability

The Toronto Regional Real Estate Board (TRREB) released its December 2025 market statistics this week, providing a clearer picture of a housing market that is steadily rebalancing after several years of unprecedented volatility. While some media outlets focused on the fact that 2025 recorded the lowest annual sales volume in 25 years, the broader story is one of improving affordability, stabilizing prices, and a market that is creating meaningful opportunities for well-prepared buyers and sellers heading into 2026.

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GTA Market Snapshot – October 2025

The latest update from the Toronto Regional Real Estate Board (TRREB) shows that home sales in the Greater Toronto Area (GTA) were down year-over-year in October, while new listings were up. Toronto Regional
What this means: More homes are available, buyers have more choice, and with borrowing costs declining again in October, the market continues to shift in favour of buyers — and that’s been showing up in negotiated selling prices across the TRREB Regions.

Across the GTA

Here’s a breakdown of how various property types are performing:

• Detached...

September Real Estate Update

Why Now Is a Great Time to Buy

The market has shifted dramatically since the peak in February 2022.

• Prices are down 23% from the peak and 5.2% lower than last year.

• Inventory is strong — many communities now have a 4+ month supply of homes. This means more choice for buyers and less competition.

• Conditions are back — unlike the frenzied market of 2020–2023, buyers can now make offers with financing and inspection conditions. In some cases, sellers are even accepting offers conditional on the sale of the buyer’s current property.

• Borrowing costs are...

As summer heats up, the GTA real estate market continues to cool — not in temperature, but in terms of sales activity and average prices. We hope you're enjoying the sunny season and finding time to explore the many beautiful corners of our country, even as headlines shift toward economic uncertainty and general economic slowdown.  Here is where the Greater Toronto Real Estate market is at the end of June.

Market Slowdown Driven by Economic Uncertainty

Persistent economic concerns, especially surrounding U.S. tariffs and job losses in vulnerable sectors, have put a damper on buyer...