We’re seeing a dramatic shift in Toronto’s housing market: inflation-adjusted home prices have dropped by nearly 10% year-over-year, marking the most significant reset among major global cities. Benchmark values are following suit—Toronto’s composite home-price measure is down about 5% annually (seasonally adjusted), bringing the average to around $931,000. While central condo affordability looks better at first glance, once you factor in mortgage interest, maintenance, taxes, and the risk premium, it’s still considerably more expensive than renting. For those of us navigating this market, there’s a critical window right now: prices have softened, but if demand rebounds before supply catches up, things could tighten quickly. The reality is, to bring affordability back to 2019 levels, Toronto needs to increase annual housing starts by at least 50% over the next decade—a clear sign of the supply challenge ahead. Having spent over two decades guiding clients through both surges and resets, I know how important it is to combine strategic pricing with a hands-on, results-driven approach in moments like these.

We’re seeing GTA homebuyer competition continue to soften as we move through mid-Q3. Only 2% of qualifying neighbourhoods entered overbidding territory—down from 3% earlier in the quarter. Out of 267 neighbourhoods, 97% were underbid and just 1% sold at asking, a clear sign that bidding wars have become the exception, not the rule. The gap between condos and single-family homes also kept narrowing: 95% of single-family neighbourhoods and 98% of condo areas saw homes selling below asking. An economist recently called this one of the quietest periods for GTA real estate, and that’s translated into more negotiating room for buyers. Of the 4,200 homes sold in mid-Q3, 79% traded below asking, up slightly from 78% earlier. As someone who’s managed negotiations through every kind of market, I know how critical pricing strategy and negotiation are to achieving the best outcome—especially when competition shifts. If you’re considering a move or just want to understand what these changes could mean for you, it pays to have an experienced, hands-on advocate in your corner.

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!

As someone who’s spent over two decades guiding clients through Toronto’s real estate landscape, I’ve seen firsthand how construction costs shape our market. Recent data highlights a growing concern: with condo starts slowing, Toronto faces increased sensitivity to rising material costs—especially as trade tensions drive up prices. The latest federal construction index reports a 2.1% quarterly increase in fabricated metal costs, and structural steel is up 1.8%. For a city that still leans heavily on steel-intensive development, these numbers matter. With fewer new condos breaking ground, our market feels the impact of these supply-side pressures more acutely. The takeaway for buyers and sellers? Toronto’s condo market is navigating a period of heightened vulnerability to price shocks, in large part due to construction cost dynamics. Staying informed on these trends is essential for making strategic moves in today’s market.

Toronto’s real estate market is showing subtle shifts as we move through mid-Q3—home prices edged down just 0.1% month-over-month, signaling more of a gentle pause than any dramatic reset. Resale activity was also 2.1% lower year-over-year, confirming that market momentum remains softer than last year, even with prices holding relatively steady. What stands out to me in the latest numbers is the gradual adjustment underway: prices are essentially flat, and sales volumes are still below last year’s pace. This cooling period fits a broader trend I’ve seen across the GTA—a moment of recalibration rather than a sharp turn. Looking ahead, most forecasts anticipate a period of stabilization through 2026 and into 2027, though Toronto’s recovery will likely remain uneven compared to other regions. For those navigating these conditions, strategic pricing and preparation are more important than ever to maximize results. Drawing on over two decades of experience and a hands-on, boutique approach, I’ve found that thoughtful adjustments—rather than dramatic changes—often yield the best outcomes for both buyers and sellers in markets like this.

Noticing some significant shifts in the GTA condo market, particularly for micro-units under 500 sq-ft. As of Mid-Q3 2026, the average home sale price in the GTA came in at $993K—down about 3% from last year, signaling a market that’s become more favorable for buyers overall. Condos averaged $618K, slipping below last year’s mark, but it’s the smallest condos that have taken the hardest hit in value. Micro-condos have proven especially challenging to sell, as buyers are prioritizing larger spaces—options that are now within closer reach. In Early-Q3, approximately 98% of GTA neighbourhoods with five or more condo sales saw units selling below list price, giving buyers uncommon leverage in their negotiations. Single-family homes also reflected this trend, with underbidding in about 92% of neighbourhoods, but condos are feeling the pressure more acutely as investor demand tapers off and certain units stay on the market longer. With over two decades of navigating these market cycles and helping clients make strategic decisions, I’ve found that a tailored approach—pricing, staging, and negotiation—makes all the difference in a shifting landscape.