Sales tick up, prices soften, and inventory continues to favour buyers—yet key segments are showing signs of change.

🔍 By the Numbers: September at a Glance

• Total Sales: 5,592 (+8.5% YoY, +7.3% MoM)

• Average Selling Price: $1,059,377 (–4.7% YoY, +3.6% MoM)

• New Listings: +18.9% YoY, +6.9% MoM

• Active Listings: 30,215 (+26.1% YoY, –4.4% MoM)

• Sales-to-New Listings Ratio: ~29%

• Days on Market:

  • Property DOM: 51 days

  • Listing DOM: 33 days

• Months of Inventory: 5.26 months — favouring buyers

🧠 Top Takeaway

While sales are rising and some price momentum returned, elevated inventory levels and longer listing times continue to tilt the market in favour of buyers.

What's happening locally? Durham & Toronto Market Insights

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

🏘 Segment Performance

• Condos: Represent ~25.7% of sales and ~31.4% of inventory, with ~6.42 months of supply — still clearly a buyer’s market

• Detached Homes: ~5.14 months of inventory — shifting further into buyer territory

• Durham Region: Inventory sits at ~3.97 months — rising but remains more balanced

• City of Toronto: ~5.16 months across home types — leans toward buyers

🏦 Economic & Financing Context

• In September, the Bank of Canada cut its policy rate, offering relief to borrowers and helping to support buyer activity (as noted in TRREB’s press release).

• This rate move may help to counterbalance the inventory pressure and re-energize some buyers who were previously sidelined.

• However, rising inflation and global trade uncertainty may temper further rate cuts.

🔄 What’s Changing — and What’s Not

1. Momentum is returning — monthly sales growth suggests improving buyer activity.

2. Prices remain soft — year-over-year declines persist despite a month-over-month rise.

3. Supply remains a dominant factor — with over five months of inventory and increased DOM, buyers hold more negotiation power.

4. Segment divergence continues — condos and detached properties are increasingly favouring buyers compared to earlier in 2025.

5. Rate cuts help, but not a full reset — the September BoC move is supportive, but deeper economic clarity is needed to sustain momentum.

⚖️ Buyer vs. Seller Strategy

For Buyers:

• You have room to negotiate — take your time to find the right fit.

• Don’t over-leverage timing — the bottom is rarely obvious in real-time.

• Lock in financing while buyer-friendly rates persist.

For Sellers:

• Be assertive with pricing—don’t chase the market upward.

• The longer your home sits, the more it erodes value.

• For entry-level properties, strong staging and promotion can still attract buyers in this market.

• In more competitive areas like Durham, balance your expectations with current supply dynamics.

🔮 Quick Verdict

Bottom line:
In September, GTA sales gained momentum while prices held steady, but abundant inventory and longer time on market maintained a buyer’s advantage.

Need help navigating the current market?

👉 Reach out for a personalized consultation

Apple season is here! Crisp mornings, sweet orchard scents, and baskets waiting to be filled — September is the perfect month for apple picking in Durham Region. Here’s your go-to guide for local orchards and what you can expect this month:

1. Maple Grove Orchards (Bowmanville)

👉 maplegroveorchards.ca
This family-run orchard is rolling out apple varieties week by week:

• Ginger Gold – Sept 5

• McIntosh & Royal Gala – Sept 12

• Honeycrisp & Cortland – Sept 19

• Empire – Sept 26

• Fuji – Oct 3

• Red Delicious – Oct 10

Perfect for families who love planning return visits to try different apples all season long!

2. Nature’s Bounty Farm (Port Perry)

👉 naturesbountyfarm.ca
Open since Sept 4, this scenic farm offers over a dozen varieties. September highlights include:

• Gala & Honeycrisp – mid-September

• Cortland, Macoun, Shizuka, Northern Spy, Red Delicious – mid-September

• Ambrosia, Jonagold, Empire – late September/early October

It’s a great spot for families who want variety and a longer season of apple picking.

3. Archibald’s Orchard & Estate Winery (Bowmanville)

👉 archibaldswinery.com
Pick-Your-Own starts Saturday, Sept 6! 🍏

• Early September: Paula Red, Silken, Gala, McIntosh

• Sept 13: Cortland & Honeycrisp

• Late September: Empire, Ambrosia, Mutsu (Crispin)

• October: Red Delicious, Ida Red, Wild Pink

Bonus for parents: After apple picking, stop by their winery for award-winning ciders and fruit wines.

4. Pingle’s Farm Market (Hampton)

👉 pinglesfarmmarket.com
It’s more than apple picking — the Harvest Festival is on now! 🎉 Families can enjoy wagon rides, farm activities, a corn maze, and of course, fresh apple picking. Great for turning your orchard visit into a full-day adventure.

5. Watson Farms (Bowmanville)

👉 watsonfarms.ca
This family-friendly farm has pick-your-own apples plus other goodies in season. Currently picking:

• Ginger Gold

• Honeycrisp

• Plus beans and even late strawberries on weekends 🍓

A fun “mix-and-match” spot if your family wants more than apples.

6. Brooks Farms (Mount Albert – just outside Durham)

👉 brooksfarms.com
Worth the short drive! Brooks is known for its fun farm attractions, playland, and seasonal events. Add apple picking to the mix, and you’ve got a perfect outing for kids who need a little extra adventure.

✅ Takeaway: Whether you’re after early-season Ginger Golds, classic McIntosh, or the ever-popular Honeycrisp, September in Durham Region offers plenty of orchards for fresh air, family fun, and a bushel of memories.

Sales hold steady, prices dip, and inventory levels continue to give buyers the upper hand.

By the Numbers: September at a Glance

• Total Sales: 5,211 (+2.3% YoY, –14.6% MoM)

• Average Selling Price: $1,022,143 (–5.2% YoY, –2.8% MoM)

• New Listings: Up 9.4% YoY, down 20.3% MoM

• Active Listings: 27,495 (+22.4% YoY, –9% MoM)

• Sales-to-New Listings Ratio: ~37%

• Days on Market:

  • Property DOM: 41 days

  • Listing DOM: 30 days

• Months of Inventory: ~5 months — favouring buyers

🧠 Top Takeaway:

August showed stable sales but continued price softness, with steady inventory keeping the market tilted in favour of buyers—even as demand remains consistent.

What's happening locally? Durham & Toronto Market Insights

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

📸 Segment Snapshot

📉Economic & Construction Insights

• Bank of Canada Watch: With the next rate decision on September 17, all eyes are on upcoming inflation data to guide policy direction. Opinions vary on whether the central bank will raise or cut its 2.75% rate.

• Building Activity Slowing: New housing starts surged 4% July-over-July overall in Canada, but Ontario continues to lag. Windsor recorded 25% fewer starts in H1 2025 versus 2024—and Toronto’s figures fell dramatically.
  

🏠 What’s Changing — and What’s Not

1. Affordability Still a Focus: Prices are easing YoY, but many buyers still face monthly affordability challenges—even in a more liquid market.
   

2. Inventory Remains Elevated: With five months of supply, buyers have ample choice, though market activity remains measured.
   

3. Construction Slowdown Looms: Decreased housing starts in Ontario may tighten future supply—an important insight for strategic buyers or long-term investors.
   

4. Interest Rate Uncertainty Ahead: Inflation data due mid-September could sway BoC decisions, impacting mortgage cost expectations.

⚖️ Buyers vs. Sellers: What’s the Game Plan?

For Buyers:

• You’ve got room to navigate—no need to rush or overpay.

• Stay informed about rate movements ahead of the September decision.

• Low construction today may mean fewer new choices down the road—act when ready.

For Sellers:

• Price competitively—don’t cut too late chasing correction.

• Professional valuation remain important

• Let’s align your timing with market trends and local dynamics—especially in areas like Durham, where inventory remains balanced.

🔮 Quick Verdict

📞Need a Customized Buying or Selling Strategy?

Whether you’re ready to act or just assessing, now is the time for informed moves. Let’s collaborate to create a strategy tailored to your goals and market timing.

👉 Reach out for a personalized consultation

SOURCES: TRREB, Canadian Mortgage Trends, CMP, Bank of Canada, CBC, Todayville, cmhc-schl.gc.ca, TD Economics, RBC

If you’re considering a move in the last half of 2025 getting expert insight into the market is a must so this post is for you.

RE/MAX has come out with their annual Fall market update. It not only recaps year-to-date for the Canadian real estate market and highlights communities like Durham Region, but it offers a prediction into what RE/MAX expects to happen by years end. 

While our team is with Sutton Group we believe information is power for our clients and the RE/MAX perspective is worth taking a look at. That said, don’t let the headlines dictate your move. Timing the market is full of potential landmines. Before making any decisions speak to an expert and get on-the-ground insights about your market and your situation. Need help? Contact us.

In the meantime lets see what RE/MAX has to say:

Canadian Real Estate Market Year-to-Date (2025)

• Average home price (Jan 1–Jul 3): $900,089, marking a 3.7 % drop year-over-year.

• Sales volume (Jan 1–Jul 31): 4,999 units, down 11.1 % year-over-year.

• New listings (Jan 1–Jul 31): 13,425, a 14.4 % increase year-over-year.

What’s Ahead for the Rest of 2025

• Average price is projected to fall 5 %, landing around $855,085 by year-end.

• Sales are expected to decline a further 3 %.

• This confirms a buyer’s market nationwide, with inventory climbing and demand softening.

Nationwide, RE/MAX expects the national average home price to slide by 6.5 % and sales to dip by 5 % by year-end. Inventory surges in Ontario and BC are gradually shifting these areas into buyer-favored territory.

Key Takeaways: Canada at a Glance

1. Buyers hold the leverage. Rising inventory and falling prices give purchasers more negotiating power.

2. Prices dipping but regionally varied. Ontario and BC see declines, while Atlantic Canada and the Prairies hold firm or even rise.

3. Shifting buyer profile. First-time buyers now tend to be older (late 20s to 40s), many turning to family help, co-ownership, or strong savings to get in the game..

4. Sellers adjusting. Expect more realistic pricing, strategic staging, and conditional offers as new market norms.

5. Falling rates fuel optimism. Inventory up + affordability improving may attract cautious buyers back into the market.

Bottom line: Across Canada, the real estate market is tilting in favour of informed and prepared buyers, while sellers who align with current realities will still find success.

Focus: Durham Region

Here's how Durham Region is shaping up:

• Avg. price (Jan 1–Jul 3): $900,089—a 3.7 % drop from last year.

• Sales (Jan 1–Jul 31): 4,999 units, down 11.1 %.

• Listings: 13,425, up 14.4 %.

• Year-end forecast:

  • Price: –5 %, projecting to $855,085.

  • Sales: –3 %.

  • Market type: Firmly a buyer’s market.

Developments in late summer/early fall show continued balance:

• Balanced market conditions, with buyers seeing more options and homes staying on market longer.

• Inventory nearing 2009 highs, sales down sharply, homes generally selling below list price—especially in southern Durham.

• Average September sale price: $842,615 (down 5.8 % year-over-year), with sale-to-list ratio around 98.3 %.

• Months of inventory: About 5.6 months, indicating sufficient supply for current demand.

Durham Region Takeaway

Buyers have the upper hand—with more choices and less urgency in bidding wars. Sellers must price smart, time thoughtfully, and stand out in a crowded landscape. Proper preparation and local strategy are key for anyone looking to transact by year’s end.

Final Word:

For buyers, now is a moment of opportunity—leverage the extra inventory and negotiate smartly. Sellers? Align with the market, focus on presentation and pricing, and get the help of a seasoned agent to stand out.

GET THE HELP YOU NEED 👉 CONTACT US

SOURCES: RE/MAX Canada, Narcity, Ceros, renxhomes.ca, REMINET, Yahoo Finance, John Owen

Don’t be fooled by the headlines. Let us give you the whole picture. Sales are heating up, but inventory remains elevated—buyers still hold the advantage.

By the Numbers: July at a Glance

• Total Sales: 6,100 (+10.9% YoY, –2.3% MoM)

• Average Selling Price: $1,051,719 (–5.5% YoY, –4.5% MoM)

• New Listings: 17,613 (+5.7% YoY, –11.2% MoM)

• Active Listings: 30,215 (+26.1% YoY, –4.4% MoM)

• Sales-to-New Listings Ratio: ~35%

• Days on Market:

  • Property DOM: 41 days

  • Listing DOM: 30 days

• Months of Inventory: 4.95 months — a balanced market with a slight buyer tilt

🧠 Top Takeaway:

July delivered the strongest home sales for the month since 2021, but high inventory kept the market balanced—leaning in favour of buyers.

What's happening locally? Durham & Toronto Market Insights

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

Segment Insights

📉 Economic & Rate Context

• BoC Rate: Held at 2.75%, with global economic uncertainty and trade tensions continuing to weigh on policy decisions.

• Macro Observations: Housing remains a key economic driver. Cuts to interest rates would support stronger sales, but affordability is gradually improving as prices soften.

🏠 What’s Changing — and What’s Not

1. Sales Are Gaining Momentum: July sales were the most robust for the month in four years, showing renewed buyer activity.

2. Prices Continue to Cool: Average prices are still down year-over-year, improving affordability.

3. Inventory Remains Elevated: More listings mean choice for buyers—and leverage in negotiations.

4. Segment Trends Differ: Condos remain strongly buyer-friendly, while demand for detached homes and suburban areas shows stability.

⚖️ Buyers vs. Sellers: Who Holds the Edge?

For Buyers:

• Enjoy expanded choices and improved pricing—particularly in the condo market.

• Entry-level detached homes are active, but still offer room for negotiation.

• With possible rate cuts ahead, locking in financing sooner may be smart.

For Sellers:

• Entry-level properties remain in demand; € ensure proper presentation and pricing.

• Larger or luxury listings may require more time to sell—strategic marketing is essential.

• Partner with an agent who can position your home effectively in this nuanced market.

🔮 Quick Verdict

📞 Need Strategy, Not Guesswork?

July’s market shows more activity—but high inventory means buyers have choices and sellers must be smart. Whether you're ready to act or gathering intel, let’s collaborate and build your tailored strategy.

👉 Reach out for your personalized consultation

SOURCES:  TRREB, Zoocasa, Global News, Sotheby's Residences Group, Storeys, GlobeNewswire, GTA Chronicle

Inventory remains elevated while price trends stabilize—here’s what’s moving this month.

🔍 By the Numbers: June at a Glance

• Total Sales: 6,243 (–2.4% YoY, +0.0% MoM)

• Average Selling Price: $1,101,691 (–5.4% YoY, –1.7% MoM)

• New Listings: ~19,839 (+14% YoY, –) +15.8% over May

• Active Listings: 31,603 (+30.8% YoY, +2.1% MoM)—the highest in 15 years

• Sales-to-New Listings Ratio: 35% (calculated from sales and listings provided)

• Property DOM: 42 days (up from May)

• Listing DOM: 30 days (up from May)

• Months of Inventory: 5.06 months—pushing the GTA into a buyer’s market

Source: TRREB June Market Watch Report

🧠 Top Takeaway:
June showed stabilizing prices and consistent sales, but record-high inventory across the GTA has shifted the market firmly in favour of buyers—with over five months of supply.

What's happening locally? Durham & Toronto Market Insights

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

📉 Rates & Financing Update

• BoC Policy Rate: Held steady at 2.75% on June 4, citing persistent economic uncertainty and trade tensions

• What’s Ahead: Economists expect at least two additional rate cuts later this year—possibly targeting 2.25% by year-end nesto.ca,TD Stories, Reuters.

• Fixed Mortgage Rates: Trending higher recently, with select 3–5 yr rates around 3.9%–4.0%

• Variable Rates: Prime remains at 4.95%—no change for now Facebook+8Bank of Canada+8Ratehub.ca+8.

Sources: nesto.ca,TD Stories, Reuters,NerdWallet, Bank of Canada,Ratehub.ca

🏠 What’s Changing — and What’s Not

1. Sales Plateau – After increasing through spring, June sales held steady, now just below last year’s levels.

2. Inventory Peaks – Active listings have surpassed 31,600—the highest in 15 years—granting buyers significantly more options.

3. Market Segmentation:

   • Condos: ~6.95 months inventory—clearly a buyer’s market.

   • Detached Homes: ~4.7 months—still balanced.

   • Townhomes/Semis: Remain balanced.

   • Durham Region: Balanced at ~3.58 months overall and 3.64 for detached.

   • City of Toronto: Buyer-favored, with overall ~5.06 months and condo apartments at ~6.9 months.

4. Economic Backdrop – Trade uncertainty continues to hold rates steady; inflation remains marginally above target

Sources:  Toronto Regional Real Estate Board.

⚖️ Buyers vs. Sellers: Who's in Control?

For Buyers:

• Increased inventory and cooling prices translate into more choice and negotiation power.

• Entry-level detached homes and townhomes are attracting interest; condos offer deep leverage.

• With rate cuts expected, securing a rate sooner could be wise.

For Sellers:

• Entry-level homes still command attention—focus on staging and pricing.

• Larger homes may stay on the market longer; presentation and promotion are key.

• Work with an agent to develop a strategic plan in this shifting market.

🔮 Quick Verdict:

📞 Thinking of Buying or Selling?

With stockpiles of listings and a potential for rate cuts on the horizon, expert guidance is now more crucial than ever. Let’s create a plan tailored to your goals—and timing.

👉 Connect with us for a personalized consultation

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

📊 Market Snapshot

• Total Sales: 6,244 (-13.3% YoY, +11.5% MoM)

• Average Selling Price: $1,120,879 (-4% YoY, +1.2% MoM)

• New Listings: 21,819 (+14% YoY, +15.8% MoM)

• Active Listings: 30,964 (+41.5% YoY, +13.1% MoM) — the highest in nearly 25 years

• Sales-to-New Listings Ratio: 38%

• Property Days on Market (PDOM): 39 days

• Listing Days on Market (LDOM): 25 days

• Months of Inventory (MOI): 4.96 — indicating a balanced market leaning towards buyers
  

🧠 Top Takeaway

May 2025 marked a significant shift in the GTA housing market. While sales saw a modest month-over-month increase, the surge in active listings to a 25-year high has tilted the market dynamics. With a sales-to-new listings ratio of 38% and nearly 5 months of inventory, buyers are gaining more negotiating power, especially in certain segments.

What's happening locally? Durham & Toronto Market Insights

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

🏘️ Segment Insights

• Condos: With over 7 months of inventory, condos, particularly 1-bedroom units, remain firmly in a buyer's market. They account for 34% of active listings.

• Detached Homes: Representing 44% of inventory, detached homes have 4.6 months of inventory, indicating a balanced market.

• Townhomes & Semis: These segments continue to stay balanced, offering opportunities for both buyers and sellers.

• Regional Highlights:

  • Durham Region: Balanced market with 3.25 months of inventory.

  • City of Toronto: Leaning towards a buyer's market with 5.23 months of inventory; condo apartments at 7.42 months.

💰 Mortgage & Financing Update

On June 4th, the Bank of Canada held its benchmark rate steady at 2.75% for the third consecutive time, citing economic uncertainties stemming from global trade tensions. Fixed mortgage rates have seen slight increases, with RBC raising its 3, 4, and 5-year fixed rates by 5 basis points.

🧭 Guidance for Buyers & Sellers

Buyers:

• More Options: The surge in listings provides a broader selection. Take your time, conduct thorough due diligence, and don't rush decisions.

• Upgraders: Ensure you have a clear understanding of the financial implications of selling and buying in the current market.

• Downsizers: Smaller detached homes and townhouses are seeing increased competition as they align better with buyer purchasing power.

Sellers:

• Preparation is Key: With increased competition, focus on the 3 Ps: Preparation, Price, and Promotion.

• Entry-Level Homes: Still in demand.

• Larger Detached Homes: Be prepared for a longer selling window. Strategic pricing and marketing are essential.
  

🔮 Market Outlook

The GTA housing market is experiencing a transition. While certain segments remain competitive, the overall increase in inventory provides buyers with more leverage. Sellers need to adapt to the changing dynamics by ensuring their properties are well-prepared and competitively priced.

Need personalized advice? Whether you're buying, selling, or just exploring your options, we're here to help you navigate the evolving market landscape.

👉 Contact Us for a consultation tailored to your needs.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

Inventory builds, buyer competition heats up — but only in certain segments. Here’s what’s shifting.

🔍 By the Numbers: April at a Glance

• Total Sales: 5,601 (-23.3% YoY, +11.8% MoM)

• Average Selling Price: $1,107,463 (-4.1% YoY, +1.3% MoM)

• New Listings: 17,263 (+8.1% YoY, +9.1% MoM)

• Active Listings: 27,386 (+54% YoY, +16.7% MoM)

• Days on Market:

  • Property DOM: 33 days

  • Listing DOM: 25 daysToronto Regional Real Estate Board+3Toronto Regional Real Estate Board+3Toronto Regional Real Estate Board+3

🧠 Top Takeaway: 

April saw a seasonal uptick in sales and prices, but with inventory rising sharply, the market is shifting toward balance — and buyers are gaining leverage in many segments.

What's happening locally? Durham & Toronto Market Insights

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

📉 Rates Hold, But Lending Tightens

The Bank of Canada held its benchmark rate steady at 2.75% in April. However, fixed mortgage rates have edged up in recent weeks, and variable rate discounts have narrowed as lenders react to economic uncertainty. Affordability remains a key concern, especially for first-time buyers.

📈 Current Trends:

• BoC Rate: 2.75%

• 5-Year Fixed Averages: ~5.5%

• Variable Rates: ~6.0%

• Bond Yields: Slightly risingFacebook+3John Owen+3New York Post+3

🏠 What’s Changing — and What’s Not

1. Sales Rebound, But Still Below Last Year
Sales increased by 11.8% from March, indicating a seasonal spring uptick. However, they remain 23.3% below April 2024 levels, reflecting ongoing market caution.

2. Inventory Surge Offers More Choices
Active listings rose by 54% year-over-year, providing buyers with more options and reducing the urgency seen in previous months.

3. Entry-Level Homes See Competition
Smaller detached and attached homes, particularly in areas like Durham Region, are experiencing multiple offers, signaling strong demand in this segment.

4. Condo Market Remains Buyer-Friendly
The condo market, especially smaller 1-bedroom units, continues to favor buyers, with ample inventory and negotiable prices.

🗣️ Expert Insight:
“Entry-level homes are attracting significant interest, while larger detached properties require strategic pricing and patience.”

⚖️ Buyers vs. Sellers: Who Has the Edge Right Now?

For Buyers:

• Increased inventory offers more choices, especially in the condo and larger home segments.

• Entry-level homes may involve competition; be prepared for multiple offers.

• Larger detached homes present opportunities for negotiation.

For Sellers:

• Entry-level properties are in demand; proper preparation and pricing are key.

• Larger homes may experience longer selling times; strategic marketing is essential.

• Understanding your market segment and working with an experienced agent can make a significant difference.

🔮 Quick Verdict:

📞 Need Help Navigating This Market?

With the market shifting month by month, strategic advice is more important than ever. Whether you're planning to buy, sell, or just assess your options, our team is here to help you make confident decisions.

👉 Let’s connect — no pressure, just clarity.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

Rates are falling, listings are rising — but the story isn’t the same for every home type. Here’s what you need to know.

🔍 By the Numbers: March at a Glance

• Total Sales: 5,011 (-23.1% YoY, +24.1% MoM)

• Average Selling Price: $1,093,254 (-2.5% YoY, +0.8% MoM)

• New Listings: 17,263 (+28.6% YoY)

• Active Listings: 23,462 (+88.8% YoY)

• Days on Market:

  • Property DOM: 25 days (-13.8% YoY, -41.9% MoM)

  • Listing DOM: 24 days (+20% YoY, -14.3% MoM)

🧠 Top Takeaway: While sales have decreased compared to last year, the month-over-month increase suggests a seasonal uptick. However, the significant rise in new and active listings indicates a shift towards a more balanced market, with increased options for buyers.

What's happening locally? Durham & Toronto Market Insights

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

📉 Rates Down, Caution Up: The Interest Rate Picture

On March 12, 2025, the Bank of Canada reduced its policy rate by 25 basis points to 2.75%, marking the seventh consecutive rate cut since June 2024. This move aims to counteract economic uncertainties, particularly those arising from ongoing trade tensions. Source

📈 Current Trends:

• BoC Rate: 2.75%

• 5-Year Fixed Averages: Approximately 3.79%-4.50%

• Variable Rates: Around 4.24-4.79%

• Bond Yields: Declining, reflecting market reactions to economic uncertainties Source

🏠 What’s Changing — and What’s Not

1. Sales Rebound or Seasonal Bump? Sales have increased by 24.1% month-over-month, suggesting a seasonal rise as we enter the spring market. However, the 23.1% year-over-year decline indicates that buyers remain cautious amid economic uncertainties.

2. Freehold Homes Gaining Ground Detached and semi-detached homes are experiencing stable prices with slightly rising demand, particularly in areas like Mississauga, where average prices have increased by 2.8% year-over-year. While in Durham Region Detached homes got slightly more affordable as inventory outpaced sales and pricing declined in most markets. Source

3. Condos Facing Headwinds The condo market remains in a buyer’s market, with a significant increase in inventory. Approximately 31,000 new condo units are expected to be completed in 2025, further increasing available inventory. Source

4. Market Uncertainty Clouds Outlook Ongoing trade tensions and recent tariff implementations have introduced economic uncertainties, impacting consumer and business confidence. The Bank of Canada has highlighted concerns about potential disruptions to economic growth and inflationary pressures. Source

🗣️ Expert Insight: “The significant increase in new listings provides buyers with more options, but also indicates that sellers are eager to enter the market amid economic uncertainties.” — TRREB’s Chief Information Officer Jason Mercer

⚖️ Buyers vs. Sellers: Who Has the Edge Right Now?

For Buyers:

• More choice due to increased inventory

• Favourable borrowing conditions with recent rate cuts

• Leverage in negotiations, especially in the condo market

For Sellers:

• Need for realistic pricing to attract cautious buyers

• Enhanced property presentation to stand out in a crowded market

• Patience required, as increased listings mean longer selling times

🔮 Quick Verdict:

📞 Need Help Navigating This Market?

With the market shifting month by month, strategic advice is more important than ever. Whether you're planning to buy, sell, or just assess your options, our team is here to help you make confident decisions.

👉 Let’s connect — no pressure, just clarity.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

As we move into the spring market, the February 2025 housing data from TRREB highlights a market in transition. While sales activity showed a modest month-over-month increase, year-over-year figures remain significantly lower. Interest rate shifts, buyer sentiment, and a glut of condo inventory continue to shape market conditions across the Greater Toronto Area.

Market Dynamics

• Total Sales: The GTA saw sales dip year-over-year to 4,037 (-27.4% YoY, +4.9% MoM)

• Average Selling Price: Selling Prices remained relatively stable averaging $1,084,547 (-4.1% YoY, +1.2% MoM)

• New Listings: February saw new listings grow year over-year up 5.4% to 12,066 and down 2.6% from January.

• Active Listings: Inventory remains significantly elevated, with year-over-year growth in available properties up 76% and 13.9% above January.

• Days on Market:

  • Listing DOM: Listings sell on average in 28 days (+12.0% YoY, -24.3% MoM)

  • Property DOM: Listings that terminate and re-list are on for 43 days (+16.2% YoY, -21.8% MoM)

What's happening locally? Durham & Toronto Market Insights

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

Interest Rate & Mortgage Trends

The Bank of Canada (BoC) initiated its first rate cut of the year in January, bringing the policy rate down to 3.00%, and another cut to 2.75% is anticipated in March. This shift is a response to slowing economic activity and declining inflation. Lower borrowing costs are beginning to make homeownership more accessible for some buyers, particularly those considering variable-rate mortgages.

Meanwhile, fixed mortgage rates have also seen downward pressure, reflecting declining 5-year bond yields. As the bond market anticipates further BoC rate cuts, we may see fixed-rate mortgages continue to decrease, offering buyers improved affordability.

Key Market Observations

1. Sales Remain Subdued, but Price Stability Emerges

   • While sales volumes are down significantly year-over-year, average prices are showing signs of stabilization. Month-over-month growth in pricing suggests some resilience in the market, particularly for well-priced freehold homes.

2. More Listings, Longer Selling Timelines

   • New listings continue to rise, contributing to a more balanced market. While sellers must be strategic with pricing, buyers have greater selection and negotiation power.

3. The Condo Market Faces Headwinds

   • In contrast to freehold properties, GTA condos continue to struggle with an oversupply of listings. With more than six months of inventory in some areas, the condo segment remains firmly in a buyer’s market, placing downward pressure on prices and extending selling timelines.

4. Economic Uncertainty from Trade War Looms

   • The ongoing trade war between the U.S. and Canada, particularly new tariffs on Canadian exports, has introduced economic uncertainty that could impact job markets and consumer confidence. While the full effect on housing remains unclear, uncertainty makes it difficult to predict long-term trends, keeping both buyers and sellers cautious.

What This Means for Buyers & Sellers

For Buyers:

• The market remains favourable for those looking to purchase, with more options and improving affordability as interest rates decline.

• Condos, in particular, offer strong negotiation opportunities due to elevated inventory levels.

• Well-priced properties in desirable areas are still attracting competition, so preparation and decisive action remain important.

For Sellers:

• While prices are showing some stability, strategic pricing and strong presentation are key to attracting serious buyers.

• Homes are taking longer to sell, meaning sellers should be prepared for extended timelines compared to previous years.

• Freehold properties continue to see steady demand, though pricing realistically in the current market is crucial.

Final Thoughts

The GTA real estate market is evolving as interest rates shift and inventory levels rebalance. While challenges persist, particularly in the condo segment, the broader market is adjusting to more balanced conditions. However, the uncertainty surrounding the ongoing trade war adds an additional layer of complexity, making it difficult to predict the long-term trajectory of housing demand.

As we enter the spring market, staying informed and working with experienced professionals will be key to making the right real estate decisions.

Thinking about buying or selling? Contact us today to navigate the market with confidence!

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

January Market Watch: The GTA housing market kicked off 2025 with a mixed bag of activity.

Market Dynamics

Sales Momentum: According to the latest report from TRREB, January saw 3,847 home sales, a 7.9% decrease compared to January 2024. While sales have dipped slightly year-over-year, the market is showing signs of activity, and many homes are experiencing multiple offer scenarios.

Listing Dynamics: New listings have surged by 48.6% compared to last year, totalling 12,392 new homes on the market.

Price Trends: Average home prices have seen a modest increase of 1.5% year-over-year, bringing the average price to $1,040,994.

Market Status: Listings spent an average of 55 days on the market in January,

What's happening locally? Durham & Toronto Market Insights

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Impact of Interest Rates

Impact of Mortgage Rates

The Bank of Canada delivered another rate cut in January, reducing the benchmark rate by 0.25% bringing it down to 3.00%. This move offers relief to variable-rate mortgage holders and those seeking new variable-rate options. Fixed mortgage rates have also seen a slight dip recently with some 5 year fixed coming in under the 4% mark.

The next Bank of Canada announcement is on March 12th.

What Does This Mean for Buyers and Sellers?

For Buyers:

This market may present opportunities, especially with new listings on the rise. Additionally, although the average price is up from last year, the MLS® Home Price Index shows a slight increase of just 0.44% year-over-year, meaning prices are relatively stable compared to the broader market trends. If you end up offering on a home that is holding an offer date and priced for multiples, just remember that you likely wont have to break the bank. Look at recent comparable sales and go in at a price you are comfortable with. If you don’t get it, move on knowing you didn’t over pay and the next home of your dreams will become available soon.

For Sellers:

Prices are still holding steady, and even with the current inventory we have seen more offer dates and homes selling in multiple offers. This means your home could see increased competition if it is priced competitively and shows well.

In Conclusion 

The market is showing signs of recovery, with month-over-month sales up in January compared to December 2024, suggesting that the usual seasonal slowdown might be easing.

Get the Help You Need:

Ready to buy or sell in the GTA? Contact us today for expert advice and tailored support to navigate this evolving market. Let’s make 2025 your most successful year yet.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (All of Durham Region Markham/Stouffville & Port Hope/Cobourg)

December Market Watch: Seasonal Slowdown Sets the Stage for 2025 Opportunities

As expected, December brought a seasonal cooldown to the GTA housing market. With fewer listings, softened sales, and mixed price trends, both buyers and sellers can find unique opportunities in this quieter time of year. Here’s what the latest data reveals and what it could mean for you.

Market Dynamics

Sales Momentum: December 2024 saw a predictable dip in sales activity, declining 1.8% year-over-year and a significant 43% month-over-month, following November's remarkable 40% year-over-year surge. The seasonal slowdown reflects the typical December pattern as the market winds down for the holidays.

Listing Dynamics: New listings dropped sharply, down nearly 60% from November, but remained 20% higher than December 2023 levels. Active listings, meanwhile, were up 48.5% year-over-year, indicating an inventory buildup compared to the prior December but a noticeable contraction compared to the fall months.

Price Trends: The average sale price for December landed at $1,067,186, down 1.6% year-over-year and 3.5% month-over-month. Looking at the bigger picture, the average sale price for 2024 across all home types came in at $1,117,600—a modest 0.8% dip compared to 2023’s $1,126,263.

Market Status: Listings spent an average of 36 days on the market in December, while total property days on market, including relisted homes, averaged 56 days. These figures underscore the slower pace of activity that defines this time of year.

What's happening locally? Durham & Toronto Market Insights

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

Impact of Interest Rates

Impact of Mortgage Rates

The Bank of Canada delivered another rate cut on December 11, reducing the benchmark rate by 0.50%. This move offers relief to variable-rate mortgage holders and those seeking new variable-rate options. However, fixed mortgage rates edged higher earlier in the month, following a lagging response to increased bond yields from the fall. Looking ahead, industry experts anticipate fixed rates will decrease in 2025 as lenders compete for the attention of the 1.2 million Canadians facing mortgage renewals next year.

The next Bank of Canada announcement is on January 24th.

What Does This Mean for Buyers and Sellers?

What Does This Mean for Buyers and Sellers?

For Buyers:

December can present hidden gems for savvy buyers. With fewer active shoppers in the market, competition is reduced, providing more room for negotiation. If you’re able to find a home that fits your needs, you might secure a great deal ahead of the busier spring market.

For Sellers:

A quieter December market can actually work in your favor, with fewer competing listings vying for buyer attention. If your home is well-prepared and strategically marketed, it has the potential to stand out and attract serious buyers. Alternatively, December is an excellent time to prepare for a spring listing, ensuring your home is in prime condition to capitalize on early 2025 demand.

In Conclusion 

The December market slowdown is a natural conclusion to the year, but it sets the stage for exciting opportunities in 2025. With interest rates shifting, inventory tightening, and buyer activity expected to pick up, now is the time to plan your next move strategically.

Get the Help You Need:

Ready to buy or sell in the GTA? Contact us today for expert advice and tailored support to navigate this evolving market. Let’s make 2025 your most successful year yet.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)