Rahim Ajani - Century 21 Leading Edge

09/24/2026

Home means something different to everyone. 🏡

For some, it’s the people. For others, it’s the neighbourhood, the space, or the little routines that make it yours.

Fill in the blank: Home feels like ______. 💬



Rahim Ajani
Sales Representative
Centurion Award Winner 2023
Century 21 Leading Edge
C: 647.492.9129 W: www.gtaray.ca

09/24/2026

Ontario Micro-Condos Face Steep Depreciation
The GTA real estate landscape has seen notable shifts in Mid-Q3 2026. The average home selling price sits at $993K, down about 3% from last year, signaling that buyers are starting to find more opportunities. Condos, in particular, have felt this shift: the average price for a GTA condo apartment has dropped to $618K compared to a year ago, and the smallest units—micro condos under 500 sq-ft—have experienced the steepest depreciation. These micro condos have become especially challenging to sell, as more buyers now have access to larger options that may better suit their needs. Early in Q3, around 98% of GTA neighbourhoods with at least five condo sales saw units closing below the listing price, giving buyers more room to negotiate. While single-family homes also experienced underbidding in about 92% of GTA neighbourhoods, condos have proven more sensitive, with investor demand cooling and more investor-oriented properties lingering on the market.

09/23/2026

Ontario Condo Closings Face Value Gap
Ontario’s condo landscape is presenting a real challenge for buyers at closing—many are now discovering that their pre-construction units are valued up to 30% less than what they agreed to pay. Since banks base mortgage amounts on current appraisals, not contract prices, this gap has left some purchasers short on the funds needed to close. The long timelines between signing and closing—driven by pre-sales, permit delays, and construction slowdowns—have only added to the risk, giving the market time to shift and upend buyers’ plans. In the height of Ontario’s seller’s market, some developers even canceled projects when costs soared, leading to increased oversight and talk of new penalties. For buyers, the contracts have been anything but straightforward, with only a brief 10-day window to reconsider or the chance to walk away if the builder misses the promised occupancy date. It’s a complex environment that underscores the importance of understanding every stage of the process.

09/22/2026

Let's talk about your home's value! First step: Request a free, custom report now.

Rahim Ajani
Sales Representative
Centurion Award Winner 2023
Century 21 Leading Edge
C: 647.492.9129 W: www.gtaray.ca

Request it today...

09/22/2026

Condo Market Report
GTA condo sales saw an 8.8% increase in Q2 2026, even as both new and active listings declined by 19.0% and 15.4%. This tightening inventory meant average prices dropped 7.5% to $634,972—making condos more accessible for many buyers and spurring more activity in the market. If this sales momentum continues, we could see prices begin to stabilize in 2027. For anyone watching the condo landscape, these shifts highlight the importance of timing and understanding the factors at play.

09/22/2026

How much is your Home Worth?
Find out if it's time to sell your home
https://www.roomvu.com/estimates?branded-user=rahim-ajani&share=true&c=2026-09-01

09/22/2026

Hello, fall! 🍂

Here’s to crisp mornings, changing colours and everything a new season brings.

Happy first day of fall! 🍁



Rahim Ajani
Sales Representative
Centurion Award Winner 2023
Century 21 Leading Edge
C: 647.492.9129 W: www.gtaray.ca

09/21/2026

Canada Housing Could Look Very Different in 2027
Looking ahead to 2027, the landscape of Canadian housing is set for some notable shifts. According to CMHC, we can anticipate gradual improvements as economic growth and incomes pick up, helping to steady the market. While home sales are projected to recover, CMHC still expects them to fall short of the highs we saw in the previous decade. CREA is predicting only modest price gains across the country, pointing to a market that’s stabilizing rather than heating up. In several regions, higher inventory and softer demand may continue to give buyers more flexibility when negotiating. These evolving conditions will shape buying and selling experiences in the years ahead.

09/20/2026

GTA Low-Rise Demand Gets Boost
We’re seeing renewed momentum in the GTA’s low-rise new home market, thanks to the recent HST rebate program. Buyer interest has grown noticeably, and builders have responded by steadily bringing more low-rise options to market. This balance is keeping price spikes in check—welcome news for anyone navigating affordability questions. Meanwhile, the condo sector isn’t feeling the same benefits, held back by construction timelines and current regulations. For those who qualify, the rebates are providing real savings, making homeownership more accessible in the GTA. It’s encouraging to see policies that support both buyers and the broader economy, and there’s hope that future efforts will help the condo market catch up.

09/19/2026

GTA new home sales rebound masks a condo market in retreat
We’re seeing an interesting shift in the GTA’s new home market. Sales of single-family homes have jumped 50% above average to 781 units, thanks in part to a wider HST rebate. Meanwhile, condo sales have slowed sharply—sitting 80% below the average at just 237 units. Prices tell a similar story: single-family home prices have dipped 8.5% to $1.36M, while condos are up 2.5% at $1.05M. Currently, there are 18,546 units on the market. Understanding these trends can help you make informed decisions—whether you’re considering a move or weighing your options.


https://www.housing-trends.com/agent-news/rahim-ajani/1965551-GTA-new-home-sales-rebound-masks-a-condo-market-in-retreat