Toronto continues to make its mark globally, ranking 20th out of 1,000 cities in a 2026 international index. Our city’s strong economic fundamentals and skilled workforce keep us solidly in the top 25, which is no small feat on the world stage. That said, the same index highlights a challenge many of my clients feel firsthand: housing affordability. With Toronto’s median multiple near 7.5 in 2026, we remain among the least affordable major markets surveyed. Residents here are dedicating a larger portion of their income to housing than almost anywhere else. Ongoing supply shortages and slower housing starts, projected to continue into 2026, are a major reason why affordability remains out of reach for many. As someone who’s guided over 700 families and investors through the GTA’s evolving market, I know how crucial it is to balance smart strategy with realistic expectations. Navigating these conditions takes both experience and a tailored approach—two things I’ve built my practice around.

Looking ahead to 2027, Toronto’s real estate landscape is poised for a pivotal moment. After an extended period of correction, we’re still seeing a surplus of listings, which means buyers have more leverage at the negotiation table—a dynamic I’ve navigated countless times across my 21 years and 700+ transactions in the GTA. According to TD, Ontario’s housing conditions are set to strengthen as the year unfolds, following a softer 2026. If borrowing costs ease, we can expect a rebound in activity, though the available condo supply will remain a key factor shaping the pace of recovery. Rather than a rapid bounce back to the feverish growth of the pandemic years, price stabilization appears likely before any substantial upward momentum returns. In times like these, a strategic, hands-on approach—whether it’s pricing, staging, or negotiation—can make all the difference to your outcome.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

We've seen a notable surge in demand for new low-rise homes across the GTA, thanks in large part to the recent HST rebate program. Buyers are showing renewed interest in this segment, and builders have responded with a steady release of new low-rise inventory. This healthy supply has helped keep the market balanced and curbed runaway price increases—something I pay close attention to when advising clients on both buying and selling strategies.

Meanwhile, the condo market hasn’t fully shared in this momentum, mainly due to construction timing rules that limit access to these incentives. It’s an area where many industry leaders, myself included, hope to see further support so all buyers can benefit. Importantly, although gross prices weren’t adjusted for the rebate, qualifying purchasers are seeing real savings at closing, making homeownership more accessible in the GTA. Initiatives like this don’t just ease affordability—they also help strengthen our region’s economy and safeguard jobs. As someone who’s guided hundreds of families through these shifting landscapes, I remain focused on maximizing client results, no matter the market segment.

As someone who has witnessed the ups and downs of Toronto’s real estate market over two decades and guided clients through every turn, I often get asked: Will prices bounce back soon? The current outlook suggests prices—especially for high-density homes—are likely to stay soft or dip further into early 2026. We could see stabilization and the first signs of recovery as the year progresses, but this shift will be driven more by pent-up buyer demand than by rapid economic growth. Housing starts, particularly condos, are nearing multi-decade lows as developers remain hesitant, which limits future inventory but also underscores the uncertainty many are feeling. For buyers, elevated inventory continues to create an environment where negotiation and strategic timing matter more than ever. Even with some improvement in affordability and borrowing costs, price growth looks set to remain restrained in the short term. It’s a nuanced market—one where an experienced, hands-on approach can make all the difference.