Author: Shan Thayaparan

In recent months, we’ve seen a notable surge in demand for low-rise new homes across the GTA, thanks in part to the HST rebate program. This uptick is a clear signal: buyers are prioritizing affordability and long-term value, especially in this segment. Builders have responded thoughtfully, ensuring a steady supply of new low-rise options—helping maintain balance in the market and keeping price spikes in check.

Meanwhile, it’s worth noting that the condo sector hasn’t enjoyed the same momentum, due to strict rules around construction timelines. As someone who’s navigated countless market cycles, I see how targeted measures like these rebates can directly support new homeownership and, ultimately, the financial wellbeing of our community. Qualifying buyers benefit from extra savings, making that first step onto the property ladder just a bit more attainable.

Industry leadership is right to call for broader support, so all segments—including condos—can contribute to the GTA’s economic strength. My team and I are always watching these shifts closely, committed to helping clients find opportunity and security in a changing landscape.

As we closed out the second quarter in the GTA, I noticed a shift worth highlighting: sales volumes climbed to 6,800—up 9% from last year—while new listings dropped by 13% to 17,300. That tightening supply is an early sign of market stabilization, something I always watch closely for my clients.

The benchmark price came in at $940,800 (down 5% year-over-year), and the average selling price reached $1.06M (down 4%). Yet, both figures ticked up month-over-month, hinting at renewed momentum. What stands out in my conversations with buyers and sellers: activity has picked up, but listing growth has moderated, creating a healthier balance between supply and demand than we saw earlier this year.

It’s not a uniform story across all housing types. Condos, for example, saw an 8% annual price drop across the GTA, with certain municipalities experiencing declines above 10%—a reminder that not every segment recovers at the same pace.

Drawing from my years helping clients navigate shifting markets, I see these trends as opportunities. With my team’s multi-dimensional approach, we’re prepared for the expected stronger second half: more transactions, heightened competition, and tighter conditions that could pull selling prices closer to 2025 levels. For those considering their next move, staying informed and strategic is key to protecting and growing your most important asset.

After more than twenty years navigating Toronto’s real estate landscape, I’ve seen how market cycles shape both opportunity and uncertainty. Early Q3 figures show the market is edging toward balance: sales dipped about 1% from last year to roughly 6,000 transactions, while new listings fell nearly 18% to 14,500. What stands out is the narrowing gap between supply and demand—seasonally adjusted sales rose from late Q2, even as listings declined, and the average selling price is holding near $1M, about 5% lower than last year.

A truly balanced market is one where neither buyers nor sellers have the clear upper hand. Homes are moving closer to their asking prices, negotiations are more straightforward, and supply is better aligned with demand. The freehold segment now feels more even, while condos still lean toward buyers—a dynamic I’ve watched evolve as clients on both sides adapt to today’s borrowing costs and more realistic pricing.

With inventory shrinking and prices stabilizing, we could see renewed confidence from buyers who’ve been waiting on the sidelines. For my clients, this steadier environment means making decisions based on value and timing that fit their goals, not just reacting to market swings. My team and I remain focused on turning these market shifts into opportunities to protect and grow your most important asset.

Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited.

Toronto — Most Affordable homes for August 2026.

Listings (sorted by price):
1. Listing C13599868 — $319,000
2. Listing 40853875 — $329,900
3. Listing C13534498 — $329,900
4. Listing W13646248 — $329,900
5. Listing C13593954 — $345,000
6. Listing C13636908 — $349,000
7. Listing C13638124 — $349,000
8. Listing 40857772 — $349,900
9. Listing C13653846 — $349,900
10. Listing C13704510 — $349,900
11. Listing 40853898 — $354,900
12. Listing W13647910 — $354,900
13. Listing C13714306 — $358,000
14. Listing C13721188 — $359,000
15. Listing W13657960 — $359,900