Author: Candido Faria

When it comes to house hunting in Toronto, there’s often more to consider than just timing the market. According to CMHC, we can expect Toronto sales to pick up in 2026, even though prices may still be below the recent highs. What stands out right now—and what I see every day in West Toronto—is the abundance of inventory currently available. This can mean more options and room to negotiate for those who are patient. Royal LePage forecasts a 2% dip in GTA prices by Q4 2026, yet activity is steadily building. In my experience, the real opportunity is often found when competition is quieter, rather than trying to catch the absolute bottom. Guiding clients through these nuanced moments is what I focus on: making sure you’re informed and confident, every step of the way.

As someone who lives and works in Toronto’s west end—and is deeply invested in helping clients navigate each step of the real estate journey—I’ve been closely tracking the city’s affordability trends. In late Q2 2026, Toronto experienced one of its strongest improvements in affordability, driven not by changing mortgage rates, but by a notable drop in home prices. Specifically, the representative home price fell by about 4% this quarter, leading to roughly a 2.5-point boost in affordability and bringing the payment-to-income ratio to around 68%. This marks a clear shift: it’s now softer prices, not financing changes, that are making home ownership a bit more accessible for buyers. Looking ahead, mortgage rates aren’t expected to provide much extra relief in the coming year. That means factors like income growth and more restrained price increases are becoming even more important for anyone planning their next move. With experience in both negotiation and construction, I’m committed to offering straightforward guidance in this evolving market—always prioritizing trust, open communication, and your peace of mind.

Navigating the luxury home market in West Toronto requires a strategy that goes far beyond the basics. These properties—often custom-built with imported finishes or truly one-of-a-kind features—call for more than standard pricing models and marketing tactics. With my background in construction and negotiation, I understand how to evaluate unique amenities when strong comparable sales just aren’t available. When marketing a luxury property, it’s about crafting a story that reflects the lifestyle and aspirations of discerning buyers, supported by sophisticated materials and a well-planned budget. High-end listings tend to stay on the market longer, attracting a smaller pool of qualified buyers who may bring their own architects or negotiate extensively on terms. If jumbo financing is involved, sellers can expect the process to require patience and a business-minded approach. My commitment is to guide clients with transparency and confidence, ensuring you’re prepared for every nuance of the luxury sale process—because in this market, peace of mind and expertise make all the difference.

In Early-Q3, Toronto sales ↓~1% yearly to ~6K transactions, while new listings ↓~18% to ~14.5K, narrowing the gap between supply and demand.
On a seasonally adjusted basis, Toronto sales increased from Late-Q2 while listings declined, and the avg. selling price settled near $1M, ↓~5% yearly.
A balanced market means neither side clearly leads: homes sell closer to asking, supply better matches demand, and negotiations feel more typical for both parties.
Experts said Toronto's freehold segment looks more balanced, while condos remain buyer-driven. Buyers have adjusted to current borrowing costs, and sellers are pricing more realistically.
With listings shrinking and prices leveling, experts said steadier conditions could bring sidelined buyers back, as confidence improves and timing the market matters less.

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.