Suzanne Jenkins's blog

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...

The Toronto Regional Real Estate Board (TRREB) reported last week that homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home.  “Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power. Once consumers feel confident in the economy...

The housing market was off to a much slower pace than we saw after the first two month in 2024.  The Toronto Regional Real Estate Board (TRREB) provide an update late last week, click HERE for the full report.  Here are some of the takeaways as we see it.

Total sales so far this year of 7,884 were down 19.8 percent compared to a year earlier.  February sales were 4,037 up 5.0 percent from January.

The number of available homes for sales in 2025 to date, has averaged 17,362, a 65 percent increase from the same period in 2024.  February available homes of 19,536 was up 13.9 percent...

The Greater Toronto Area (GTA) housing market kicked off 2025 with mixed signals and perhaps some economic uncertainty.   A lot has happened in the first 40 days of the year.  The Liberal Party of Canada is in the throes of a leadership race, Trump is wreaking havoc on Canada and much of the world, we are facing a provincial election at the end of the month, the Bank of Canada dropped the bank rate by another quarter point at the end of January and in general, there is a tonne of uncertainty in the economy and the real estate market. 

At one point last year many pundits thought 2025 would...

The Toronto Regional Real Estate Board (TRREB) reported this week that “the Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Annual sales were up slightly compared to 2023, and new listings were up significantly year-over-year. Buyers benefited from substantial negotiating power on price, especially in the condominium apartment market. Average selling prices in 2024 dipped in comparison to 2023 as a result. “Borrowing costs were top of mind for home buyers in 2024. High interest rates presented significant affordability hurdles and kept home sales well...

The Toronto Regional Real Estate Board (TRREB) reported this week that the Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs.  Currently, a 5 year fixed rate mortgage is now about 4.5% vs 5.5% in 2023 and a variable rate loan is about 5.0% vs 6.3% a year ago.

TRREB reported that New listings were also up compared to November 2023 by 9.9%, but by a much lesser annual rate than sales, which were up 39%. This meant that market conditions...