Terry Liu Realestate

07/05/2026

The headlines will tell you that prices are still down year-over-year.

But that's only part of the story.

The bigger story is what has happened since the beginning of 2026.

Since January:

• Average home prices have increased from $973,289 to $1,058,658.
• Monthly home sales have grown from 3,082 to 6,770.
• The first half of 2026 recorded 31,288 sales, slightly ahead of the 30,928 sales recorded during the same period in 2025.
• June home sales were up 9.4% year-over-year, while new listings declined 12.9%, pointing to a market that continues to tighten.

Yes, average prices remain below where they were one year ago.

But markets don't recover all at once.

They recover in stages.

First, borrowing costs stabilize.

Then buyers return.

Then inventory tightens.

Then prices stabilize.

Finally, confidence follows.

Over the past six months, we've seen improving affordability, stable interest rates, stronger sales, fewer new listings, and gradually tightening market conditions. Those are all signs of a healthier market than we were seeing at the start of the year.

The question isn't whether today's market looks like 2021.

It doesn't.

The better question is:

Is today's market stronger than it was six months ago?

The data suggests the answer is yes.

What do you think the second half of 2026 has in store for the GTA housing market?

Disclaimer:

The content provided is for informational purposes only and is based on information available at the time it was created. No recommendations are expressed or implied, either directly or indirectly. Do not rely on this content to make business, financial, real estate, or other decisions. Always consult with a qualified professional regarding your individual circumstances. Market statistics sourced from TRREB. Not intended to solicit clients currently under contract.

07/05/2026

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07/01/2026

Happy Canada Day!

Today we celebrate the people, communities, and diversity that make Canada such an incredible place to call home.

At RE/MAX Metropolis, we're proud to help individuals and families find not just houses, but places where memories are made, milestones are celebrated, and futures are built.

Whether you're spending the day with family, friends, or enjoying the festivities in your community, we wish you a safe, joyful, and memorable Canada Day.

Here's to home. Here's to community. Here's to Canada. ❤️🤍

Happy Canada Day from all of us at RE/MAX Metropolis!

06/30/2026

Week of June 29, 2026

This week's data is one of the more interesting updates we've seen in a while because it suggests the market is absorbing inventory without accelerating.

That's exactly what a healthy stabilization phase looks like.

It also aligns almost perfectly with RBC's latest reports on affordability, housing activity and the broader economy.

General Market Advice

The GTA market continues to hold the gains it has made since January.

This week, the three core indicators all point to a market that is stable rather than weakening:

Prices remain firmly in the recent $1.2M–$1.3M range.
Days on Market held steady at 24 days, essentially unchanged from the past several weeks.
The Ask-to-Sell Ratio rebounded back above parity to 1.0008 after last week's small dip.
The recovery hasn't stalled—it has become more consistent.

The macro backdrop is also becoming increasingly supportive:

RBC expects Q2 economic growth to strengthen.
Core inflation remains close to the Bank of Canada's 2% target.
Housing affordability is at its best level in four years.
Toronto continues to be identified as one of Canada's strongest improving housing markets.
One thing that stood out this week is the rebound in the Ask-to-Sell Ratio after last week's dip below 100%.

That suggests last week's softness was likely normal week-to-week noise rather than the start of a weakening trend.

Overall, the market continues behaving like one that has already found its footing.



Advice for Buyers

Conditions remain favourable, but the market continues to tighten gradually.

Buyers still benefit from:

good inventory selection
stable borrowing costs
negotiating opportunities in certain segments, particularly condos
However, many of the affordability gains that came from falling prices and lower interest rates have likely already occurred. RBC now expects future affordability improvements to depend more on income growth than further price declines or rate cuts.

The biggest opportunity remains acting before confidence fully returns.

Historically, by the time buyers broadly feel optimistic, prices have already started adjusting upward.



Advice for Sellers

The market remains constructive for sellers who are realistic.

This week's data shows:

homes continue selling in roughly three to four weeks
prices remain stable
buyers continue paying very close to asking price
That tells us demand remains healthy.

However, buyers are still disciplined.

Overpricing is still being corrected quickly by the market.

Well-priced, well-presented listings continue to outperform.



The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients.

06/30/2026

06/30/2026

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06/30/2026

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06/30/2026

What is a Status Certificate — and why does it matter when buying a condo in Ontario?

A status certificate is one of the most important legal documents you’ll review before buying a condo. It tells you:

✔️ The financial health of the condo corporation
✔️ How much money is in the reserve fund (for future repairs)
✔️ If the seller owes unpaid condo fees
✔️ If there are lawsuits or special assessments coming
✔️ The condo’s rules and restrictions (pets, rentals, renovations)

It’s essentially the report card of the building. Without it, you’re buying blind.

Always have your lawyer review the status certificate before you go firm on a condo purchase.



The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients.

05/05/2026

The Bank of Canada held its rate at 2.25% again today.
With inflation ticking up and the economy still facing uncertainty, we’re in a “wait-and-see” moment.

For buyers and homeowners, this means opportunity—but also strategy matters more than ever.

Let’s connect and make sure you’re positioned for what’s next.



The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients.

04/05/2026

Homebuyers and sellers need expertise that feels personal

They need guidance that helps make sense of a complex process

And they need confidence in the agent they choose

That’s what REMAX agents bring to the table: experience, local knowledge, professionalism and trusted support, where it matters most.