Adeniyi Bakare - Royal LePage Your Community Realty

Adeniyi Bakare - Royal LePage Your Community Realty Looking to buy or sell your home? As your Royal LePage REALTOR®, I’m committed to guiding you through

Unique Home Type Offers Affordable Opportunities in GTAAs someone who keeps a close eye on market trends across the Grea...
09/25/2026

Unique Home Type Offers Affordable Opportunities in GTA
As someone who keeps a close eye on market trends across the Greater Toronto Area, I’ve noticed a significant shift in condo values, especially for smaller units. Average home prices in the GTA have slipped by 2.7%, settling at $993,410. Condos in particular now average $617,593, but the most striking change is among compact units under 500 sq ft—they’re experiencing the sharpest declines. With an oversupply of investor-focused condos, it’s becoming common for properties to sell below their list price. My commitment has always been to guide clients through every market turn, helping them navigate these shifts with clarity and confidence.


https://www.roomvu.com/agent-news/adeniyi-bakare/1976698-Unique-Home-Type-Offers-Affordable-Opportunities-in-GTA

09/24/2026

Ontario Condo Closings Face Value Gap
In Ontario’s ever-evolving condo market, we’re seeing a significant challenge: some buyers are finding themselves on the hook for up to 30% more than their condo’s current market value at closing. This gap has emerged because many units are now appraising below their original contract prices. As a result, banks are only willing to advance mortgages based on today’s appraised value—not the price agreed upon years ago—leaving buyers scrambling to cover the shortfall.

Why is this happening? Extended timelines from pre-sales, permitting, contractor negotiations, and recent labour shortages have stretched the period between signing and closing. In that time, market dynamics have shifted, and what felt like a secure purchase in a seller’s market has, for some, become a real hurdle.

During periods of soaring costs, developers sometimes cancelled deals altogether, which led to increased provincial oversight, proposed penalties, and calls for more independent review of these transactions. For buyers, contracts often allow only a 10-day cooling-off window or termination if the developer misses the outside occupancy date—leaving little room to maneuver.

As a real estate broker who’s helped clients navigate both booming and uncertain markets, I understand how daunting these situations can be. Staying informed and understanding the fine print in your agreements is more important than ever—especially when market conditions can shift so dramatically between purchase and closing.

09/23/2026

Canada Housing Could Look Very Different in 2027
Looking ahead to 2027, Canada’s housing landscape is set for some notable changes. According to CMHC, we can expect a gradual improvement in housing conditions as incomes and the economy gain momentum. While home sales are projected to recover, they may still fall short of the highs we saw in the previous decade. CREA’s outlook points to only modest national price growth, which signals a period of stability rather than another sharp surge. For buyers, higher inventory and softer demand in certain areas could offer more room for negotiation. As someone committed to helping clients in Richmond Hill and the Greater Toronto Area navigate these shifts, I focus on supporting both buyers and sellers as they work toward their real estate goals in an evolving market.

Low-rise new home sales in the GTA continue to reap the benefits of the HST rebate program in JulyJuly brought another s...
09/17/2026

Low-rise new home sales in the GTA continue to reap the benefits of the HST rebate program in July
July brought another strong month for low-rise new home sales across the Greater Toronto Area, as buyers continued to take advantage of the HST rebate program. For the fourth consecutive month, sales have surpassed the 10-year average—a clear signal that demand remains robust. In July alone, there were 1,018 low-rise new home sales, with single-family homes coming in 50% above the average and condo sales climbing 40% compared to last year. As a real estate broker serving the GTA, I see firsthand how these incentives are shaping the dreams of buyers and helping families achieve their property goals. It’s always rewarding to guide clients through these dynamic shifts in our market.


https://www.roomvu.com/agent-news/adeniyi-bakare/1953546-Low-rise-new-home-sales-in-the-GTA-continue-to-reap-the-bene

09/16/2026

Richmond Hill - Most Affordable Homes of August 2026
As someone who’s committed to helping buyers find the right fit in Richmond Hill, I always keep a close eye on the most affordable opportunities coming to market. For August 2026, the list of homes offering great value starts at $349,000 (Listing N13508324) and goes up to $439,900 (Listing N13690952), with a range of options in between. Whether you’re a first-time buyer or looking to make a smart move within the community, staying informed about these listings can really make all the difference. My approach has always been about aligning clients with homes that truly fit their needs and goals, and highlighting affordability is just one way I help turn those property aspirations into reality.

09/15/2026

Top Earners Unlock Exciting Opportunities in Canada’s Housing Market
As someone who is deeply committed to helping clients navigate the Greater Toronto Area’s real estate market, I see firsthand how challenging it has become for first-time buyers. Recent data shows that first-time homebuyers in Canada now need to earn 13% to 36% more than the median household income to enter the market—an especially wide gap in places like B.C. and Nova Scotia. This stark reality underscores the growing affordability concerns and how market access is narrowing for many aspiring homeowners, particularly those on lower incomes. It’s more important than ever to approach your real estate goals with knowledge, strategy, and support tailored to your unique situation.

New report suggests HST rebate continues to boost single-family new home sales across GTAThe latest numbers highlight ho...
09/11/2026

New report suggests HST rebate continues to boost single-family new home sales across GTA
The latest numbers highlight how the HST rebate continues to shape our GTA market, especially for single-family homes. In July, sales of new single-family homes surged to 781 units—triple the previous figure—as buyers responded to this incentive. Prices in this segment edged down 8.5% to $1.36M, while new condo sales experienced a slight increase but remained comparatively modest, with an average price of $1.05M—up 2.5%. Available inventory across all types now stands at 18,546 units. As someone who is committed to helping clients make informed decisions in the ever-evolving Greater Toronto Area, I see firsthand how these shifts can open up new possibilities for both buyers and sellers.
https://www.roomvu.com/agent-news/adeniyi-bakare/1950768-New-report-suggests-HST-rebate-continues-to-boost-single-fam

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8854 Yonge Street
Richmond Hill, ON
L4C0T4

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