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🍖🎉 Unleash Your Inner Foodie at Durham Region's Sizzling 2026 RibFest Events! 🍖🎉

Hey Durham Region foodies! Summer 2026 is officially here, and you know what that means: it’s time to roll up your sleeves, grab a stack of wet wipes, and get ready for the most delicious time of the year.

Whether you’re a die-hard fan of smoky beef ribs, a sucker for pulled pork, or just live for the festival vibe, the Durham Region has some incredible weekends lined up for you. As your local real estate expert, I don’t just help you find your dream home—I want to make sure you love the community you live in. And nothing says community quite like a local RibFest!

Grab your calendar and note these essential dates for the 2026 season.

📅 The 2026 Durham Region RibFest Roadmap

1. Pickering Rotary RibFest

  • When: June 19, 20, & 21, 2026

  • Where: Esplanade Park (1 The Esplanade N, Pickering)

  • The Vibe: Kick off your summer right in the heart of Pickering! With over ten championship pit-masters competing for the coveted "Best Ribs" trophy, Esplanade Park transforms into a smoky paradise. Beyond the ribs, you’ll find amazing craft brews, blooming onions, and live bands playing all weekend long. Admission is free, with a suggested $5 donation at the gate supporting local charity.

2. Whitby RibFest PLUS (Featuring The Trews!)

  • When: July 10, 11, & 12, 2026

  • Where: Whitby Victoria Fields (203-269 Victoria St W, Whitby)

  • The Vibe: Whitby is pulling out all the stops for 2026! Things kick off with a massive bang on Friday, July 10th with a dedicated, ticketed Concert Zone. Canadian rock legends The Trews are headlining the main stage, supported by Feral Minks, HIGHTEENS, and Bad Thieves. If you want to rock out to hits like "Not Ready to Go" while smelling world-class BBQ, you need to grab your concert tickets early.

Note: Don't want to see the show but still want the food? No problem! The Public Rib Zone is free and open to everyone on Friday night with 5 star ribbers firing up the grills. Saturday and Sunday are free for everyone, featuring a full midway, marketplace vendors, and Kidsfest! Official parking is located at the Henry/Victoria St. GO Transit lot.

3. Bowmanville RibFest

  • When: Mid-August 2026 (Stay tuned for exact weekend times)

  • The Vibe: Great news for Clarington residents! After a brief hiatus due to venue changes, Bowmanville RibFest is officially back at its debut location. Keep an eye out for local announcements as the town revives this incredibly popular community tradition.

🛑 Important 2026 Update: Oshawa Rotary RibFest Cancelled

If you usually head down to Lakeview Park in August for the Oshawa RibFest, please take note: after an incredible 25-year run, the Oshawa Rotary Club has made the difficult decision to cancel the 2026 event due to rising operational costs and economic pressures. While we are sad to miss it this year, the city and organizers are hopeful to bring Durham’s longest-running festival back in 2027!

💡 Quick Tips to Conquer RibFest Like a Pro:

  • Go Early: Beating the 5:00 PM dinner rush means shorter lines and the freshest racks straight off the wood fires.

  • Bring Cash: While many vendors accept card, cash is still king for quick transactions, local marketplace stalls, and donating at the gates.

  • Carpool or Transit: Parking gets packed fast! For the Whitby event, utilize the nearby GO Transit lot to keep the local neighborhood clear.

Thinking of Making Durham Region Your Home?

One of the best parts of living in Durham is the vibrant community spirit and incredible local events like these. If you are looking to buy, sell, or just want to chat about the market in Pickering, Whitby, Oshawa, or Clarington, I’m always here to help.

Enjoy the ribs, rock out to The Trews, and I’ll see you out in the community!

– Jim Stanton, Your Durham Region Real Estate Expert

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New property listed in Whitby

I have listed a new property at 41 Carter Crescent in Whitby. See details here

Opportunity awaits with this solid and spacious 4-bedroom, 3-bathroom two-storey home offering incredible potential in a sought-after family-friendly neighbourhood. Lovingly cared for over the years, this well-built home is ready for your vision and personal updates. Featuring spacious principal rooms, exceptionally large bedrooms and a functional layout with plenty of room for a growing family. Freshly painted and move-in ready, the home also offers a finished basement, updated electrical panel, AC approximately 1 year and a roof replaced approximately 5 years ago. Enjoy wonderful curb appeal, a private backyard, double car garage and private double driveway with ample parking. Ideally located close to schools, parks, transit, shopping and everyday amenities with convenient access to Highway 401, Highway 412, downtown Whitby and the waterfront. A fantastic opportunity to create your dream home in an established neighbourhood.

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Open House. Open House on Saturday, May 30, 2026 1:00PM - 3:00PM

Please visit our Open House at 41 Carter Crescent in Whitby. See details here

Open House on Saturday, May 30, 2026 1:00PM - 3:00PM

Opportunity awaits with this solid and spacious 4-bedroom, 3-bathroom two-storey home offering incredible potential in a sought-after family-friendly neighbourhood. Lovingly cared for over the years, this well-built home is ready for your vision and personal updates. Featuring spacious principal rooms, exceptionally large bedrooms and a functional layout with plenty of room for a growing family. Freshly painted and move-in ready, the home also offers a finished basement, updated electrical panel, AC approximately 1 year and a roof replaced approximately 5 years ago. Enjoy wonderful curb appeal, a private backyard, double car garage and private double driveway with ample parking. Ideally located close to schools, parks, transit, shopping and everyday amenities with convenient access to Highway 401, Highway 412, downtown Whitby and the waterfront. A fantastic opportunity to create your dream home in an established neighbourhood.

Read

Open House. Open House on Sunday, May 31, 2026 2:00PM - 4:00PM

Please visit our Open House at 41 Carter Crescent in Whitby. See details here

Open House on Sunday, May 31, 2026 2:00PM - 4:00PM

Opportunity awaits with this solid and spacious 4-bedroom, 3-bathroom two-storey home offering incredible potential in a sought-after family-friendly neighbourhood. Lovingly cared for over the years, this well-built home is ready for your vision and personal updates. Featuring spacious principal rooms, exceptionally large bedrooms and a functional layout with plenty of room for a growing family. Freshly painted and move-in ready, the home also offers a finished basement, updated electrical panel, AC approximately 1 year and a roof replaced approximately 5 years ago. Enjoy wonderful curb appeal, a private backyard, double car garage and private double driveway with ample parking. Ideally located close to schools, parks, transit, shopping and everyday amenities with convenient access to Highway 401, Highway 412, downtown Whitby and the waterfront. A fantastic opportunity to create your dream home in an established neighbourhood.

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🏡 April 2026 GTA Real Estate Market Update

While the spring surge is in full effect with sales up 7% year-over-year, a significant volume of active listings is keeping the market balanced and providing buyers with continued negotiating power.


🔍 By the Numbers: April at a Glance

  • Total Sales: 5,946 (+7.0% YoY)

  • Average Selling Price: $1,051,969 (–4.9% YoY)

  • Active Listings: 25,110 (–6.4% YoY)

  • New Listings: 17,097 (–9.3% YoY)

  • Sales-to-New Listings Ratio (SNLR Trend): 34.6%

  • Days on Market (Avg. PDOM): 43 days

  • Months of Inventory (Trend): 4.9 months — Market is solidly BALANCED.


🧠 Top Takeaway

Despite a healthy 7% increase in sales activity, the GTA currently has 4.9 months of inventory on a trend basis. This high level of choice for buyers is the primary reason why average selling prices have remained nearly 5% lower than last year, even as we move into the peak spring season.


What's happening locally? Durham Region & Toronto Insights

While the overall GTA is tightening, specific regions are moving at different speeds.


🏘 Segment Performance

Detached Homes

  • Total Sales: 2,759 (+9.2% YoY)

  • Average Price: $1,372,688 (–4.1% YoY)

  • Market Status: Balanced. Detached buyers are finding more opportunities than last year as prices edge down despite rising sales.

Condo Apartments

  • Total Sales: 1,553 (+9.1% YoY)

  • Average Price: $635,653 (–6.3% YoY)

  • Market Status: Buyer-Leaning. Condos remain the most affordable entry point and continue to offer the most significant price discounts compared to 2025.

Durham Region

  • Average Price: $844,018

  • Months of Inventory: 3.5 months

  • Status: While tighter than the GTA average, Durham has moved into a more comfortable balanced territory.

City of Toronto

  • Average Price: $1,091,761

  • Months of Inventory: 4.9 months

  • Status: Solidly a Buyer's Market. With nearly 5 months of supply, Toronto buyers have substantial leverage on both price and terms.


🏦 Economic & Financing Context

  • Bank of Canada: The policy rate sits at 2.3%, with the Prime Rate at 4.5%.

  • Mortgage Rates: Fixed rates are holding steady, with 5-year rates at 6.09% and 3-year rates at 6.05%.

  • Economic Headwinds: GDP growth was flat-to-negative (–0.6%) in Q4 2025, and Toronto's unemployment rate has reached 8.1%. This economic cooling is acting as a natural brake on rapid price appreciation.


🔄 What this means for you?

For Buyers: You are in a rare position for a Toronto spring. Typically, inventory dries up by April, but with 4.9 months of supply, you have time to be picky. Average prices are down nearly $55,000 from last April, making this one of the most accessible spring markets in years.

For Sellers: Competition is high—not just from other sellers, but from the sheer volume of active listings (over 25,000 across the GTA). To stand out, your property must be priced sharply and presented perfectly. Buyers have "ample choice," so they will naturally gravitate toward the best value.


🔮 Quick Verdict

SegmentMarket Condition (April 2026)
Condos

Buyer-Leaning (High Choice)

Detached (GTA)

Balanced

Durham Region

Balanced (3.5 MOI)

City of Toronto

Buyer-Leaning (4.9 MOI)

Overall GTA Market

Balanced (4.9 MOI Trend)


📞 Get our family working for yours

The market has shifted gears. We’ve moved from a quiet winter into a fast-paced spring where inventory is the primary challenge. Whether you’re looking to capitalize on lower year-over-year prices or want to list while competition is low, we have the tailored strategy you need.

👉 Contact us today to navigate the spring market with confidence.

CONTACT THE JSA TEAM


📌 Supporting Sources

Read

New property listed in Clarington

I have listed a new property at A-10 1651 Nash Road in Clarington. See details here

Welcome to Parkwood Village in the heart of Courtice! This ground-level bungalow-style condo offers 843 sq ft of well-designed living space with 2 bedrooms and a functional, open-concept layout. The bright living and dining area walks out to a private patio - perfect for enjoying your morning coffee or relaxing outdoors. Ideal for downsizers, first-time buyers, or anyone seeking low-maintenance living, this unit offers a fantastic floor plan in a desirable community. Enjoy the convenience of condo living with exterior maintenance, snow removal, and lawn caretaken care of - no more shoveling or yard work. Situated in a great area close to shopping, transit, and amenities. Can't forget to mention the new Pickle ball courts and dog park! A wonderful opportunity to get into a sought-after neighbourhood!

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🏡 March 2026 GTA Real Estate Market Update

Spring is stirring: March home sales jumped over 30% from February as buyers moved to capitalize on improved affordability and significant negotiating power before the market tightens further.


🔍 By the Numbers: March at a Glance

  • Total Sales: 5,039 (+1.7% YoY, +30.27% MoM)

  • Average Selling Price: $1,017,796 (–6.7% YoY, +0.9% MoM)

  • Active Listings: 21,596 (–8.0% YoY, +11.8% MoM)

  • New Listings: 14,442 (–16.7% YoY)

  • Sales-to-New Listings Ratio: 35% (Up from 29% last year)

  • Days on Market:

    • Property DOM: 47 days (Down 13% from February)

    • Listing DOM: 31 days

  • Months of Inventory: 4.29 months — Market remains BALANCED.


🧠 Top Takeaway

The "Spring Surge" has arrived, but with a twist. While sales volume skyrocketed 30% month-over-month, new listings fell nearly 17% compared to last year. This tightening of supply means that while buyers still enjoy negotiating power today, the window of "flat" pricing may be closing as we move deeper into 2026.


What's happening locally? Durham Region Market Insights

While the broader GTA sits in balanced territory, local pockets like Durham are showing signs of a much faster recovery.


🏘 Segment Performance

Condos

  • ~ 28.2% of total sales

  • Average Price: $620,479

  • 5.4 months of supplyRemains a Firm Buyer’s Market, though inventory is being absorbed faster as new listings fail to keep pace with sales.

Detached Homes

  • ~ 44.4% of total sales

  • Average Price: $1,342,375

  • 4.17 months of supplyBalanced Market.

Durham Region

  • 392 Sales | Average Price: $850,304

  • 2.96 months of inventory → Inventory has dipped below the 3-month mark, a strong signal for sellers. Durham continues to be the GTA's top performer for seller-favorable conditions.

City of Toronto

  • 951 Sales | 4,912 Listings

  • 5.17 months of inventoryBuyer’s Market. The 416 remains the best bet for buyers looking for maximum choice.


🏦 Economic & Financing Context

  • Bank of Canada: The policy rate was held steady at 2.25% on March 18, 2026. The next announcement is set for April 29, with markets pricing in a 96% chance of another hold.

  • Bond Market & Fixed Rates: 5-year Government of Canada bond yields are hovering near 3.06%. This has caused some fixed mortgage rates to edge slightly higher recently, making the cost of "breaking" a mortgage more expensive for some.

  • The "Renewal Crunch": A recent TD study found that 56% of homeowners are cutting discretionary spending to prepare for higher payments at renewal.

  • Stirring Demand: Despite renewal stress, 30% of prospective buyers say they are more likely to purchase before year-end, citing lower prices and rate stability as the primary "green lights".


🔄 What this means for you?

For Buyers:

The surface is beginning to bubble. While you still have "substantial negotiating power", the 16.7% drop in new listings suggests that the massive inventory selection we saw in January is starting to be absorbed. If you are one of the 75% of buyers currently saving for a down payment, now is the time to finalize your pre-approval before the "missing middle" supply tightens further.

For Sellers:

Inventory in the GTA is currently 8% lower than last year. In areas like Durham, where inventory is under 3 months, you are in a much stronger position than the "Buyer's Market" headlines suggest. With properties selling 13% faster than last month, the market is picking up speed—but correct pricing remains the bridge to a successful sale.


🔮 Quick Verdict

SegmentMarket Condition (March 2026)
CondosFirm Buyer’s Market (~5.4 MOI)
Detached (GTA)Balanced (~4.2 MOI)
Durham Region HomesBalanced / Leaning Seller (~3.0 MOI)
City of TorontoBuyer’s Market (~5.2 MOI)
Overall GTA MarketBalanced (~4.3 MOI)

📞 Get our family working for yours

The market is shifting from "wait and see" to "active and moving." A cookie-cutter approach won't work when one neighborhood is in a Buyer's Market and the next is leaning toward Sellers. If you need help navigating these tightening conditions, reach out. We tailor our strategy to meet your unique goals.

👉 Contact us today to stay ahead of the spring market curve.

CONTACT THE JSA TEAM


📌 Supporting Sources

Read

New property listed in Clarington

I have listed a new property at A-10 1651 Nash Road in Clarington. See details here

Welcome to Parkwood Village in the heart of Courtice! This ground-level bungalow-style condo offers 843 sq ft of well-designed living space with 2 bedrooms and a functional, open-concept layout. The bright living and dining area walks out to a private patio - perfect for enjoying your morning coffee or relaxing outdoors. Ideal for downsizers, first-time buyers, or anyone seeking low-maintenance living, this unit offers a fantastic floor plan in a desirable community. Enjoy the convenience of condo living with exterior maintenance, snow removal, and lawn caretaken care of - no more shovelling or yard work. Situated in a great area close to shopping, transit, and amenities. Can't forget to mention the new Pickle ball courts and dog park! A wonderful opportunity to get into a sought-after neighbourhood!

Read

🏡 February 2026 GTA Real Estate Market Update

February saw the GTA average price climb back above the $1 million mark, but with nearly five months of inventory, buyers still hold the cards as we head toward the spring market.


🔍 By the Numbers: February at a Glance

  • Total Sales: 3,868 (–6.3% YoY, +25.5% MoM)

  • Average Selling Price: $1,008,968 (–7.1% YoY, +3.7% MoM)

  • Active Listings: 19,314 (–2.4% YoY, +7.4% MoM)

  • Sales-to-New Listings Ratio: ~36%

  • Days on Market:

    • Property DOM: 54 days

    • Listing DOM: 36 days

  • Months of Inventory: 4.99 months — Balanced overall, but continuing to favor buyers.


🧠 Top Takeaway

While sales activity jumped 25% compared to a quiet January, the market remains in a tug-of-war. New listings are down nearly 18% year-over-year, which is actually tightening conditions in some pockets—yet the overall inventory level of nearly 5 months ensures that buyers aren't feeling the typical spring "pressure" just yet.


What's happening locally? Durham Region Market Insights

Every city and town is unique. While the broader GTA is leaning buyer-friendly, Durham remains the region's "hot pocket" for sellers.


🏘 Segment Performance

Condos

  • ~ 28.1% of total sales

  • Average Price: $626,650

  • 6.57 months of supplyRemains a Firm Buyer’s Market.

Detached Homes

  • ~ 43.5% of total sales

  • Average Price: $1,325,654

  • 4.8 months of supplyBalanced Market.

Durham Region

  • 454 Sales | Average Price: $850,304

  • 3.6 months of inventoryBalanced conditions. Durham continues to outperform the broader GTA in terms of seller-favorable conditions.

City of Toronto

  • 4.96 months of inventoryBalanced Market. While still favoring buyers, the 416 became significantly more balanced in February compared to the start of the year.


🏦 Economic & Financing Context

  • Bank of Canada Outlook: The BoC held the policy rate at 2.25% in January. All eyes are now on the March 18 announcement. Most major banks (BMO, RBC, TD) forecast another hold at 2.25%, as the Bank waits to see the full impact of trade uncertainty and recent inflation data.

  • The Bond Market & Fixed Rates: Government of Canada 5-year bond yields have hovered around 2.7%. This stability has kept 5-year fixed mortgage rates in a predictable range (approx. 3.89% – 4.55% depending on the lender), providing a "stability window" for those looking to lock in before any potential spring volatility.

  • The "Wait and See" Effect: TRREB notes that over 100,000 potential buyers are currently sidelined, waiting for prices to fully level off or for positive news regarding international trade.


🔄 What this means for you?

For Buyers:

The "herd mentality" hasn't kicked in yet. While the average price moved back over $1M, the 4.99 months of inventory means you still have room to negotiate. The window to buy before the "pent-up demand" (estimated at 100k+ buyers) returns is still open.

For Sellers:

Inventory is slowly rising (+7.4% MoM), but new listings are actually down 17.7% compared to last year. This means that if you have a well-prepared, properly priced home, you have less new competition than you might think. Strategic pricing remains the #1 factor in a 5-month inventory market.


🔮 Quick Verdict

SegmentMarket Condition (Feb 2026)
CondosFirm Buyer’s Market (~6.6 MOI)
Detached (GTA)Balanced (~4.8 MOI)
Durham Region HomesBalanced (~3.6 MOI)
City of TorontoBalanced (~5.0 MOI)
Overall GTA MarketBalanced / Favouring Buyers (~5.0 MOI)

📞 Get our family working for yours

Whether you’re planning to buy, sell, or simply get a grasp of what lies ahead, we’re here to help you make informed, confident real estate decisions. The market is showing signs of a "second-half" surge—don't wait until the competition heats up to build your strategy.

👉 Contact us today to navigate the spring market with confidence.

CONTACT THE JSA TEAM

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🏡 January 2026 GTA Real Estate Market Update

January kicked off with a major milestone: for the first time in five years, the average selling price in the GTA has dropped below $1 million, signalling a definitive shift in market power.


🔍 By the Numbers: January at a Glance

  • Total Sales: 3,082 (–19.3% YoY, –0.11% MoM)

  • Average Selling Price: $973,289 (–6.5% YoY, –8.8% MoM)

  • Active Listings: 17,975 (+8.1% YoY, +16.8% MoM)

  • Days on Market:

    • Property DOM: 67 days (Properties that are terminated and relisted)

    • Listing DOM: 45 days (Average time for a fresh listing to sell)

  • Months of Inventory: 5.83 months — A firm Buyer's Market across all home types.


🧠 Top Takeaway

The "Million Dollar Floor" has finally cracked. With inventory surging and average prices sitting at five-year lows, January has set the stage for a year where buyers have the upper hand, more choice, and the strongest negotiating power we’ve seen since 2021.


What's happening locally? Durham Region Market Insights

Every city and town is unique. While the broader GTA is leaning heavily into buyer territory, some suburban pockets remain more resilient.


🏘 Segment Performance

Condos

  • ~ 27.8% of total sales

  • Average Price: $604,759

  • 7.79 months of supplyFirm Buyer’s Market.

Detached Homes

  • ~ 43.9% of total sales

  • Average Price: $1,277,915

  • 5.58 months of supplyBuyer’s Market.

Durham Region

  • 412 Sales | Average Price: $818,694

  • 3.6 months of inventoryBalanced conditions. Durham remains a standout for better seller conditions compared to the overall GTA.

City of Toronto

  • 6.49 months of inventoryBuyer’s Market. Supply continues to outpace demand in the 416.


🏦 Economic & Financing Context

  • The Bank of Canada held the policy rate at 2.25% on January 28, marking a second consecutive pause.

  • Borrowers are seeing continued relief, with the next rate announcement scheduled for March 18, 2026.

  • Economists suggest that while affordability has improved due to lower rates and prices, many households are waiting for further economic clarity before committing. (Source: Bank of Canada, Canadian Mortgage Trends)


🔄 What’s Changing — and What’s Not

  • Prices are at a 5-year low, providing the most accessible entry points for first-time buyers in years.

  • Inventory is at its highest in a decade for this time of year, with nearly 18,000 active listings.

  • Time on market has increased by an average of 8 days compared to last year, meaning buyers don't have to rush their decisions.

  • Consumer sentiment remains cautious despite better rates, largely due to broader economic uncertainty.


⚖️ Buyer vs. Seller Strategy

For Buyers:

  • You have the choice and the power. Take your time to establish your budget and shop with confidence.

  • Don't be afraid to include conditions; your negotiating power should allow for them.

  • Note: In pockets like Durham Region, you may still encounter multiple offers, though they are far less common.

For Sellers:

  • Price is everything. In this market, your pricing strategy is more important than your promotion.

  • This doesn't mean underpricing—it means understanding market value relative to your active competition.

  • Preparation and "The 3 Ps" (Preparation, Pricing, Promotion) are vital to standing out in a crowded field.


🔮 Quick Verdict

SegmentMarket Condition (Jan 2026)
CondosFirm Buyer’s Market (~7.8 MOI)
Detached (GTA)Buyer’s Market (~5.6 MOI)
Durham Region HomesBalanced (~3.6 MOI)
City of TorontoBuyer’s Market (~6.5 MOI)
Overall GTA MarketBuyer’s Market (~5.8 MOI)

Export to Sheets


📞 Get our family working for yours

The last five years have been a whirlwind of challenges and opportunities. A cookie-cutter approach simply doesn't work in a market this nuanced. Whether you are navigating a firm buyer's market in the city or balanced conditions in Durham, we tailor our strategy to meet your specific goals.

👉 Reach out today. Let’s build a custom plan to help you navigate this market with confidence.

CONTACT THE JSA TEAM


📌 Supporting Sources

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🏡 December 2025 GTA Real Estate Market Update

2025 wrapped up with softer sales, easing prices, and elevated inventory — creating buyer-friendly dynamics as we head into 2026.


🔍 By the Numbers: December at a Glance

  • Total Sales: 3,697 (–8.9% YoY, –26.2% MoM)

  • Average Selling Price: $1,006,735 (–5.1% YoY, –3.1% MoM)

  • Active Listings: 17,005 (+17.5% YoY, –30.7% MoM)

  • Sales-to-New Listings Ratio: ~70%

  • Days on Market:

    • Property DOM: 65 days

    • Listing DOM: 41 days

  • Months of Inventory: 4.6 months — balanced overall, but favouring buyers

Annual Summary (2025):

  • Total GTA Sales: 62,433 (–11.2% vs 2024)

  • Annual Average Selling Price: $1,067,968 (–4.7% vs 2024)

  • New Listings (Annual): 186,753 (+10.1% YoY)
    (Source: TRREB 2025 Year-End Market Watch Report)


🧠 Top Takeaway

December closed out a year of cooling market activity with fewer sales and softer prices, while elevated inventory continued to give buyers negotiating power — setting up a more balanced, buyer-friendly landscape as we enter 2026.


What's happening locally? Durham Region Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.


🏘 Segment Performance (Updated)

Condos

  • ~ 27.8% of sales

  • ~ 36.3% of active inventory

  • 5.99 months of supplyFirm buyer’s market

Detached Homes

  • 4.31 months of supply → Balanced conditions

Durham Region

  • ~ 3.13 months of inventory → Balanced conditions

City of Toronto

  • ~ 4.70 months of inventory → Balanced but leaning toward buyers

These updated figures show that even as some segments remain balanced, condo supply in particular gives buyers strong leverage, while detached homes and certain suburban zones sit in equilibrium.


🏦 Economic & Financing Context

  • The Bank of Canada held its policy rate at low levels in December, providing continued relief for borrowers after rate cuts earlier in the year.
    (Source: Bank of Canada 2025–12 Monetary Policy Report)

  • Lower mortgage rates, combined with year-over-year price moderation, improved overall housing affordability in 2025 — though many buyers remain cautious until broader economic confidence returns.

  • Forecasts from major economists suggest the central bank may hold rates steady into early 2026 as inflation stabilizes and labour markets find firmer footing.
    (Supporting insights: Reuters, Globe & Mail rate outlook articles)


🔄 What’s Changing — and What’s Not

  • Sales activity slowed sharply in December, reflecting typical seasonality and broader economic caution.

  • Prices continued to trend lower compared to last year, offering improved entry points for buyers.

  • Inventory remained elevated, boosting buyer choice and negotiation potential.

  • Time on market increased, highlighting the value of strategic pricing and presentation for sellers.

  • Macro uncertainty (labour, trade) continues to play a role in buyer deliberation — though positive economic shifts could bring more demand into 2026.


⚖️ Buyer vs. Seller Strategy

For Buyers:

  • Enjoy increased selection and stronger negotiating leverage.

  • Act when you find a home that fits needs and budget — easing prices and rates support affordability now.

  • Monitor interest rate direction and employment data — both could affect pricing and buyer confidence.

For Sellers:

  • Price strategically — overly ambitious pricing in a buyer-leaning market can extend time on market.

  • Presentation and promotion matter more than ever to help your home stand out.

  • In balanced pockets like Durham detached, there’s opportunity, but timing and pricing remain key.


🔮 Quick Verdict

SegmentMarket Condition (Dec 2025)
CondosFirm Buyer’s Market (~6.0 MOI)
Detached (GTA)Balanced (~4.3 MOI)
Durham Region HomesBalanced (~3.1 MOI)
City of TorontoBalanced → Buyer-leaning (~4.7 MOI)
Overall GTA MarketBalanced, leaning toward buyers (~4.9 MOI)

📞 Get our family working for yours

Whether you’re planning to buy, sell, or simply get a grasp of what lies ahead in 2026, we’re here to help you make informed, confident real estate decisions.

👉 Contact us today to build your tailored strategy and navigate this market with confidence.

CONTACT THE JSA TEAM


📌 Supporting Sources (Optional Links)

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2026 Forecast: What RE/MAX Sees for Canada

As 2025 comes to a close, RE/MAX is signalling a cautious comeback — not a boom, but a more stable, balanced real estate market in 2026.

  • National home sales are projected to rise by about 3.4% in 2026, as built-up inventory meets renewed buyer interest.

  • At the same time, average home prices are expected to ease by roughly 3.7%, creating what RE/MAX describes as “balanced conditions” across many markets.

  • The overall tone: 2026 is less about dramatic swings and more about predictability, modest affordability improvements, and a shift toward buyer-friendly conditions.

According to RE/MAX, this reset may offer buyers more negotiating power and more inventory to choose from — a relief after years of overheated demand and tight supply.


Reflection: How 2025 Compared to Last Year’s Forecast

Looking back, 2025 brought a fair bit of volatility and cooling across the country’s real estate markets. By many measures, RE/MAX’s more cautious 2026 outlook seems rooted in what unfolded.

  • Across many major markets, 2025 saw declining prices, weaker sales, and rising listings — conditions that paved the way for a more “balanced” 2026.

  • RE/MAX itself acknowledged late in 2025 that after “years of volatility… the market may finally be inching toward a turning point.”

  • The 2026 forecast — modest price declines and rising sales — aligns with this reality: a market resetting rather than rebounding sharply.

In short: 2025 largely validated caution, and RE/MAX’s 2026 outlook reflects a realistic, tempered optimism rather than hype.


What Buyers and Sellers Should Expect in 2026

For buyers:

  • More choices and more inventory across many markets. Balanced pricing + increased supply could mean better value, especially for first-time buyers or those priced out in recent years.

  • Less frenzy, more stability. With prices softening modestly, negotiation may become more common — and successful.

For sellers:

  • Competition may be stronger. Homes will still move — but sellers who price competitively, present well, and stay realistic will have the best shot.

For the overall market:

  • 2026 may not deliver a dramatic rebound — but it could mark the start of a more sustainable, predictable environment.

  • Gradual home-ownership activity could resume as affordability improves a bit and buyer confidence increases.


What This Means (or Could Mean) for Durham Region

RE/MAX did not provide a public 2026 forecast specifically for Durham Region. But looking at what we do know offers useful context:

  • Most recent publicly shared data (from a regional roundup) puts the **average selling price in Durham at about C$840,833 (November 2025).

  • By comparison: under the prior 2025 forecast from RE/MAX, the expected year-end average price was around C$855,085. (Your earlier data.)

That means Durham’s actual pricing is already slightly below what was forecast — suggesting moderate price softening in line with broader national trends.

Even without a 2026-specific Durham forecast, the national RE/MAX outlook provides an implicit signal: if conditions mirror the national trend, 2026 may bring more choice and slightly better affordability — which could benefit buyers in Durham. For sellers, realism remains key.


Final Word: A Calibrated Reset — Not a Rush, But an Opportunity

2026 isn’t being painted as the year of a runaway real estate boom. Instead, under RE/MAX’s new outlook, we may see a measured market reset, with more moderate pricing, steady demand, and healthier supply-demand balance.

For Canadians: it could mean a more stable, less stressful environment for buying or selling.

For Durham-area buyers and sellers: it’s a chance to approach the market with realistic expectations — and perhaps find opportunity in the balance.

Sources: REMAX CanadaNewswire, Canada Housing MarketToronto Regional Real Estate BoardYahoo Finance

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