Author: Candido Faria

The latest global report places Toronto in a moderate bubble-risk category, and as someone who lives and works in West Toronto, I understand how such headlines can create uncertainty for buyers and sellers alike. Over the past year, Toronto’s home prices have dropped about 11%—the sharpest decline among 23 major cities—after years of rapid growth where real prices actually doubled between 2014 and 2022. Factors like higher interest rates, the foreign-buyer ban, and increased supply have contributed to this nearly 30% correction from peak values. While this correction has brought prices closer to what local residents can realistically afford, the report still points to continued pressure on prices as inventory builds and buyers remain cautious about rate hikes. My approach is to guide you through these changes with open and honest communication, drawing on my background in construction, negotiation, and government relations. Real estate in our city is more than just market swings—it's about building lasting relationships and helping you navigate every step with confidence and peace of mind.

The latest global report places Toronto in a moderate bubble-risk category, and as someone who lives and works in West Toronto, I understand how such headlines can create uncertainty for buyers and sellers alike. Over the past year, Toronto’s home prices have dropped about 11%—the sharpest decline among 23 major cities—after years of rapid growth where real prices actually doubled between 2014 and 2022. Factors like higher interest rates, the foreign-buyer ban, and increased supply have contributed to this nearly 30% correction from peak values. While this correction has brought prices closer to what local residents can realistically afford, the report still points to continued pressure on prices as inventory builds and buyers remain cautious about rate hikes. My approach is to guide you through these changes with open and honest communication, drawing on my background in construction, negotiation, and government relations. Real estate in our city is more than just market swings—it's about building lasting relationships and helping you navigate every step with confidence and peace of mind.

The latest global report places Toronto in a moderate bubble-risk category, and as someone who lives and works in West Toronto, I understand how such headlines can create uncertainty for buyers and sellers alike. Over the past year, Toronto’s home prices have dropped about 11%—the sharpest decline among 23 major cities—after years of rapid growth where real prices actually doubled between 2014 and 2022. Factors like higher interest rates, the foreign-buyer ban, and increased supply have contributed to this nearly 30% correction from peak values. While this correction has brought prices closer to what local residents can realistically afford, the report still points to continued pressure on prices as inventory builds and buyers remain cautious about rate hikes. My approach is to guide you through these changes with open and honest communication, drawing on my background in construction, negotiation, and government relations. Real estate in our city is more than just market swings—it's about building lasting relationships and helping you navigate every step with confidence and peace of mind.

Despite some recent improvements in affordability, Canada is still not building homes at the pace needed to keep up with demand. Currently, we’re seeing around 250,000 new homes built each year—well below the 400,000 to 470,000 homes experts say are needed annually to restore affordability and address the existing backlog. Over the past decade, our population has grown much faster than our housing supply, leading to a gap that can’t be closed overnight, even with a surge in new construction. It’s no wonder that about 80% of Canadians feel the housing system isn’t working, and roughly 75% believe too few homes are being built. In my work throughout West Toronto, I see firsthand how these numbers play out in real people’s lives—families searching longer, buyers feeling squeezed, and renters facing limited options. While policy and market shifts are on the horizon, pent-up demand is likely to resurface when consumer confidence returns, keeping housing front and center in Canada’s political landscape. Navigating these challenges takes more than market knowledge—it requires experience in construction, negotiation, and a commitment to guiding you through every step. My goal remains to help you make informed decisions and to provide peace of mind, no matter the climate.

Despite some recent improvements in affordability, Canada is still not building homes at the pace needed to keep up with demand. Currently, we’re seeing around 250,000 new homes built each year—well below the 400,000 to 470,000 homes experts say are needed annually to restore affordability and address the existing backlog. Over the past decade, our population has grown much faster than our housing supply, leading to a gap that can’t be closed overnight, even with a surge in new construction. It’s no wonder that about 80% of Canadians feel the housing system isn’t working, and roughly 75% believe too few homes are being built. In my work throughout West Toronto, I see firsthand how these numbers play out in real people’s lives—families searching longer, buyers feeling squeezed, and renters facing limited options. While policy and market shifts are on the horizon, pent-up demand is likely to resurface when consumer confidence returns, keeping housing front and center in Canada’s political landscape. Navigating these challenges takes more than market knowledge—it requires experience in construction, negotiation, and a commitment to guiding you through every step. My goal remains to help you make informed decisions and to provide peace of mind, no matter the climate.

Despite some recent improvements in affordability, Canada is still not building homes at the pace needed to keep up with demand. Currently, we’re seeing around 250,000 new homes built each year—well below the 400,000 to 470,000 homes experts say are needed annually to restore affordability and address the existing backlog. Over the past decade, our population has grown much faster than our housing supply, leading to a gap that can’t be closed overnight, even with a surge in new construction. It’s no wonder that about 80% of Canadians feel the housing system isn’t working, and roughly 75% believe too few homes are being built. In my work throughout West Toronto, I see firsthand how these numbers play out in real people’s lives—families searching longer, buyers feeling squeezed, and renters facing limited options. While policy and market shifts are on the horizon, pent-up demand is likely to resurface when consumer confidence returns, keeping housing front and center in Canada’s political landscape. Navigating these challenges takes more than market knowledge—it requires experience in construction, negotiation, and a commitment to guiding you through every step. My goal remains to help you make informed decisions and to provide peace of mind, no matter the climate.

Despite some recent improvements in affordability, Canada is still not building homes at the pace needed to keep up with demand. Currently, we’re seeing around 250,000 new homes built each year—well below the 400,000 to 470,000 homes experts say are needed annually to restore affordability and address the existing backlog. Over the past decade, our population has grown much faster than our housing supply, leading to a gap that can’t be closed overnight, even with a surge in new construction. It’s no wonder that about 80% of Canadians feel the housing system isn’t working, and roughly 75% believe too few homes are being built. In my work throughout West Toronto, I see firsthand how these numbers play out in real people’s lives—families searching longer, buyers feeling squeezed, and renters facing limited options. While policy and market shifts are on the horizon, pent-up demand is likely to resurface when consumer confidence returns, keeping housing front and center in Canada’s political landscape. Navigating these challenges takes more than market knowledge—it requires experience in construction, negotiation, and a commitment to guiding you through every step. My goal remains to help you make informed decisions and to provide peace of mind, no matter the climate.

Despite some recent improvements in affordability, Canada is still not building homes at the pace needed to keep up with demand. Currently, we’re seeing around 250,000 new homes built each year—well below the 400,000 to 470,000 homes experts say are needed annually to restore affordability and address the existing backlog. Over the past decade, our population has grown much faster than our housing supply, leading to a gap that can’t be closed overnight, even with a surge in new construction. It’s no wonder that about 80% of Canadians feel the housing system isn’t working, and roughly 75% believe too few homes are being built. In my work throughout West Toronto, I see firsthand how these numbers play out in real people’s lives—families searching longer, buyers feeling squeezed, and renters facing limited options. While policy and market shifts are on the horizon, pent-up demand is likely to resurface when consumer confidence returns, keeping housing front and center in Canada’s political landscape. Navigating these challenges takes more than market knowledge—it requires experience in construction, negotiation, and a commitment to guiding you through every step. My goal remains to help you make informed decisions and to provide peace of mind, no matter the climate.

Despite some recent improvements in affordability, Canada is still not building homes at the pace needed to keep up with demand. Currently, we’re seeing around 250,000 new homes built each year—well below the 400,000 to 470,000 homes experts say are needed annually to restore affordability and address the existing backlog. Over the past decade, our population has grown much faster than our housing supply, leading to a gap that can’t be closed overnight, even with a surge in new construction. It’s no wonder that about 80% of Canadians feel the housing system isn’t working, and roughly 75% believe too few homes are being built. In my work throughout West Toronto, I see firsthand how these numbers play out in real people’s lives—families searching longer, buyers feeling squeezed, and renters facing limited options. While policy and market shifts are on the horizon, pent-up demand is likely to resurface when consumer confidence returns, keeping housing front and center in Canada’s political landscape. Navigating these challenges takes more than market knowledge—it requires experience in construction, negotiation, and a commitment to guiding you through every step. My goal remains to help you make informed decisions and to provide peace of mind, no matter the climate.

Despite some recent improvements in affordability, Canada is still not building homes at the pace needed to keep up with demand. Currently, we’re seeing around 250,000 new homes built each year—well below the 400,000 to 470,000 homes experts say are needed annually to restore affordability and address the existing backlog. Over the past decade, our population has grown much faster than our housing supply, leading to a gap that can’t be closed overnight, even with a surge in new construction. It’s no wonder that about 80% of Canadians feel the housing system isn’t working, and roughly 75% believe too few homes are being built. In my work throughout West Toronto, I see firsthand how these numbers play out in real people’s lives—families searching longer, buyers feeling squeezed, and renters facing limited options. While policy and market shifts are on the horizon, pent-up demand is likely to resurface when consumer confidence returns, keeping housing front and center in Canada’s political landscape. Navigating these challenges takes more than market knowledge—it requires experience in construction, negotiation, and a commitment to guiding you through every step. My goal remains to help you make informed decisions and to provide peace of mind, no matter the climate.