MR. Jacky Lee - Real Estate Broker

12/10/2025

HomeLife Landmark Real Estate News Report 📣 Bank of Canada’s Eighth Interest Rate Decision Announcement for 2025

The Bank of Canada announced on December 10th, its final policy meeting of the year, that it would maintain the benchmark interest rate at 2.25%. This decision was in line with market expectations and was primarily supported by a series of recent positive economic data.

In its statement, the Bank of Canada noted that the current interest rate level is “generally appropriate,” both continuing to support economic recovery and ensuring that inflation remains stable near the 2% target range.

Although industries such as steel, aluminum, automobiles, and lumber are still impacted by US tariffs, putting overall pressure on business investment, the Bank of Canada emphasized that “the economy as a whole has shown resilience,” performing better than previously expected.

We will continue to track the Bank of Canada’s developments and bring you the latest interpretations!

12/04/2025

HomeLife Landmark Real Estate (GTA) November Monthly Report 📉

In November 2025, home sales, new listings, and average selling price in the Greater Toronto Area (GTA) all declined compared to the same period last year. Potential homebuyers are still observing the market, awaiting more positive economic news.

“Many families in the Greater Toronto Area are looking to take advantage of lower borrowing costs and more affordable home prices. What they need most is confidence in the long-term job prospects. Fortunately, we saw encouraging news about jobs and the overall economy in November. If this positive momentum continues, consumer confidence will strengthen, and more people will be able to consider buying a home in 2026. According to the latest data from the Toronto Real Estate Board (TRREB), 5,010 homes were sold through the TRREB’s MLS® system in November 2025, a 15.8% decrease from November 2024. New listings through the MLS® system totaled 11,134, a 4% decrease year-over-year. The average selling price was $1,039,458, a 6.4% decrease from November 2024. Seasonally adjusted MLS®...” The HPI Composite Index and average selling price remained largely unchanged from October. The MLS® Composite Index declined slightly, while the average selling price rose slightly.

November 2025 Market Performance (Compared to November of Last Year)📊:

🔸 Total Sales: 5,010 units -15.8%

🔸 Average Price: $1,039,458 -6.4%

🔸 Average Days on the Market: 34 days +9.7%

🔸 New Listings: 11,134 units -4.0%

Has the market bottomed out? Will the continued price decline further discourage sellers from listing? Stay tuned🍁

10/29/2025

HomeLife Real Estate News Report 📣 Bank of Canada’s Seventh Interest Rate Announcement, 2025

The Bank of Canada announced a further 25 basis point interest rate cut on October 29th, lowering the benchmark interest rate to 2.25%, with bank interest rates and deposit rates adjusted to 2.5% and 2.20%, respectively.

While the global economy has shown resilience in the face of the impact of the US’s substantial tariffs, the actual effects are gradually emerging. The global trade landscape is facing restructuring, and ongoing trade tensions are suppressing investment in many countries. The central bank predicts that global economic growth will gradually slow from 3.25% in 2025 to 3% in 2027.

The Canadian economy contracted by 1.6% in the second quarter, with declining exports and weak business investment being the main drags, but household spending maintained healthy growth. US trade measures and related uncertainties have severely impacted target industries such as automobiles, steel, aluminum, and lumber. Economic growth is expected to remain weak in the second half of the year, relying on consumer spending, government spending, and residential investment for support, with a gradual recovery expected after exports and business investment recover.

We will continue to track the central bank’s developments and bring you the latest interpretations! 📊 416-984-8888

09/17/2025

Homelife Landmark Real Estate News Report 📣 2025 Bank of Canada’s Sixth Interest Rate Announcement

The Bank of Canada (BOC) announced today a 25 basis point cut in its benchmark interest rate to 2.5%, adjusting the bank rate to 2.75% and the deposit rate to 2.45%. This is the first adjustment by the central bank after holding its benchmark interest rate unchanged for three consecutive periods.

While global economic growth had previously shown resilience amidst the impact of significant US tariffs and ongoing uncertainty, it is now showing signs of slowing. While US business investment remains strong, consumers are becoming more cautious and job growth is slowing. US inflation has risen in recent months as businesses pass on some of the tariff costs. International oil prices have generally been consistent with the forecasts in the July Monetary Policy Report. Financial conditions have further eased, with stock markets rising and bond yields falling. The Canadian dollar remained stable against the US dollar.

As expected, Canada’s GDP fell by approximately 1.5% in the second quarter. Tariffs and trade uncertainty have severely constrained economic activity. Exports plummeted by 27% in the second quarter, a stark contrast to the growth in the first quarter, which was driven by concentrated shipments during the tax window. Business investment also declined, but consumer spending and housing market activity maintained healthy growth. The central bank noted that slow population growth and a weak labor market will continue to weigh on household spending in the coming months.

We will continue to monitor the central bank’s developments and provide you with the latest interpretations! 📊 416-984-8888

09/10/2025

09/09/2025

【Waterloo Region Real Estate Market Report for August 2025 Highlights Released]

📊 Waterloo Region real estate market data for August 2025 shows: New listings on the MLS® system reached 1,028, a 3.0% year-over-year increase and an 11.0% increase over the ten-year average for the same period. The average sales time for homes remained stable at 32 days, the same as last month, but significantly longer than the 25 days in August 2024. Market spokesperson Christal Moura noted, “Healthy growth in new listings provides buyers with more options. While the Bank of Canada’s third consecutive interest rate increase of 2.75% provides predictability, buyers and sellers remain informed and work closely with their real estate agents amidst current economic uncertainty to address inflationary pressures, particularly housing costs.”

⚡ Core Indicators at a Glance (Year-over-Year, August 2024):
▫️ Total Sales: 536 ⬇1.3%
▫️ Average Sale Price: $728,465 ⬇5.5%
▫️ Average Listing Time: 32 Days ⬆28%
▫️ New Listings: 1,028 ⬆3.0%

Stay tuned for market trends in Waterloo Region 📱416-984-8888

09/04/2025

HomeLife Landmark Real Estate GTA August Monthly Report

In August 2025, the Greater Toronto Area (GTA) resale housing market continued its recovery, with sales maintaining year-over-year growth and a significant increase in listings, providing more options for homebuyers. The market continues to exhibit a “volume increase, price slowdown” pattern, and amidst ample inventory, there remains room for negotiation. According to the latest data from the Toronto Real Estate Board (TRREB), 5,211 homes were sold through the MLS® system in August, a year-over-year increase of 2.3%. New listings reached 14,038, a year-over-year increase of 9.4%. The increase in inventory significantly outpaced the increase in sales.

Market Performance in August 2025 (Compared to August of Previous Year):

Total Sales: 5,211, +2.3%

Average Price: $1,022,143, -5.2%

Average Days on Market: 33, +13.8%

New Listings: 14,038, +9.4%

The TRREB report noted: “While increased listings provide buyers with more options, they also drive downward price negotiations across all market segments.”

How will the autumn market evolve? What will the outcome of the September interest rate meeting be? Stay tuned! 🍂 416-984-8888

08/08/2025

Waterloo Region Real Estate Market Report July 2025 Highlights

📊 In July 2025, 644 properties were sold in Waterloo Region through the Cornerstone Real Estate Association MLS® system, roughly the same as the same period last year but down 14.3% from the 10-year average. Christal Moura, a spokesperson for the Waterloo Region Market, said: ”While sales remained consistent with last year, prices across all property types continued to adjust. The Bank of Canada‘s decision to hold interest rates steady in July, coupled with increasing inventory and moderating prices, created more opportunities for buyers who were previously on the sidelines to enter the market. However, the broader economic uncertainty stemming from the Canada-US trade war continues to weigh on consumer confidence.“

⚡ Core Indicators at a Glance (July 2024 Year-Over-Year):
▫️ Total Sales: 644 ⬆0.7%
▫️ Average Sale Price: $735,082 ⬇6.0%
▫️ Average Listing Time: 32 Days ⬆45%
▫️ New Listings: 1,356 ⬇3.1%

The overall market is currently approaching equilibrium. Please continue to monitor the Waterloo Region market trends. 📱416-984-8888

08/08/2025

Halton Region July Real Estate Monthly Report Released! 📣

[Market Recovery Signals Emerge]
According to the latest data from the OMDREB Real Estate Board, despite the traditionally slow summer season, several key indicators in the Halton Region demonstrate market resilience and continued buyer activity, a trend seen across all property types and suburbs. Detached house sales surged 17% year-over-year, while townhouse and condo sales in Milton and Burlington both saw increases, demonstrating that buyer activity in the Halton Region exceeded expectations.

Highlights:
• Average detached house price: $1,394,739 (+5.3% month-over-month, +9.3% year-over-year)
• Sales: 424 (+3.6% month-over-month, +17.1% year-over-year)
• New listings: 1,055 (+17.4% month-over-month, +7% year-over-year)

Market Outlook: Currently, there is a divergence in buyer and seller strategies, with buyers actively entering the market and sellers delaying listings. Furthermore, performance varies significantly across property types. Sellers strategically awaiting the autumn market also contributed to a sharp 17% month-over-month drop in new listings. From a macro perspective, the central bank maintained its benchmark interest rate, while affordability improved, and high inventory levels continued to attract buyers back.

08/08/2025

HomeLife Landmark Real Estate GTA 7️⃣ Monthly Report 📑

In July 2025, the Greater Toronto Area (GTA) pre-sale home market saw its first significant increase, achieving its best sales performance for the same period since 2021. The overall market trend is characterized by rising volume and stable prices, with continued demand driven by price adjustments and lower borrowing costs. According to the latest data from the Toronto Real Estate Board (TRREB), 6,100 homes were sold through the MLS® system in July, a 10.9% increase year-over-year and maintaining a seasonally adjusted month-over-month upward trend. Meanwhile, new listings reached 17,613, a 5.7% year-over-year increase, but the growth rate slowed significantly compared to the previous month, indicating a gradual tightening of the supply-demand balance in the market.

July 2025 Market Performance (Compared to July of the Previous Year):
🔸 Total Sales: 6,100, +10.9%
🔸 Average Price: $1,051,719, -5.5%
🔸 Average Days on Market: 30 days, +25%
🔸 New Listings: 17,613, +5.7%

In terms of price trends, the MLS® Home Price Index composite benchmark decreased 5.4% year-over-year, while the average selling price decreased slightly to $1,051,719, a year-over-year decrease of 5.5%. Notably, after seasonal adjustment, both the home price index and average selling price remained essentially unchanged from June, indicating that the market is entering a period of price stabilization. TRREB Chair Elechia Barry-Sproule noted, “With declining home prices and borrowing costs, more families are finding affordable homebuying options, which is a key factor driving the sales recovery.”

Let’s continue to monitor the GTA’s summer performance. 🧐 416-984-8888

07/30/2025

HomeLife Landmark Real Estate News Report 📣 Bank of Canada’s Fifth Interest Rate Announcement of 2025
The Bank of Canada (BOC) announced today (July 30th) that it would maintain its benchmark interest rate at 2.75% for the third consecutive time.
The Bank of Canada stated that due to the continued uncertainty surrounding US trade policy and the ongoing threat of new tariffs, conventional forecasts are not possible. Instead, the Bank has proactively outlined two scenarios, escalation and downgrade, based on current tariff levels. While current interest rates remain within a “moderately stable” range, further observation is needed regarding inflation and global economic trends. Under the current tariff scenario, global growth is projected to slow slightly to 2.5% in 2025, rebounding to 3% in 2026-2027. Canada’s economy, impacted by tariffs, is expected to see a 1.5% decline in GDP in the second quarter, but overall it remains resilient, with the unemployment rate rising to 6.9%. If current tariffs are maintained, Canada’s economy could rebound to 1% growth in the second half of the year; a downgrade would lead to a faster recovery, while an escalation would likely result in further contraction.
We will continue to monitor the Bank of Canada’s developments and provide you with the latest interpretations! 📊 416-984-8888

07/08/2025

Halton Region June Real Estate Monthly Report is released! 📣

[Market recovery signs appear]
July 4, 2025, Oakville - The latest data shows that buyers who have postponed their home purchase plans due to affordability concerns, tariffs or trade wars may be re-entering the Halton region market, which is a positive sign for local consumers. The current stable interest rate level and sufficient housing inventory provide more choices and bargaining advantages for buyers who are ready to make a move.

Price and sales trends
Ken Mazurek, chairman of the Halton Real Estate Bureau, pointed out:
Overall trend: Although the average selling price and transaction volume in the Halton region have declined year-on-year, some market segments still show resilience and potential momentum.

Highlights:
✅ Oakville: Average price of detached houses in June increased by 6.4% year-on-year
✅ Milton: Average price of semi-detached houses, townhouses and apartments increased by 5.3% year-on-year
✅ Halton Hill: Sales of detached houses, semi-detached houses, townhouses and apartments increased significantly month-on-month

Market Outlook: Transaction volumes in multiple submarkets increased month-on-month, indicating that market activity will increase at the end of spring, and summer transactions may be busier. With stable interest rates and sufficient inventory, it is still a good time to buy a house.