Shawn Radvanyi, Realtor, Royal LePage Real Estate Services Ltd., Brokerage

06/04/2026

GTA Market Update | May 2026 📈

The GTA housing market continues to gain momentum, with average home prices rising for the 4th consecutive month to $1,069,700—up nearly $96,500 since January and the highest level since June 2025.

🏡 Key Highlights:
• Sales climbed 11% month-over-month to 6,583 transactions, the strongest month since October 2024.
• Active listings reached 26,927, but remain 13% lower than a year ago.
• Inventory is still elevated, giving buyers choice, but market conditions are gradually tightening.
• Detached home sales surged 17%, surpassing 3,000 sales for the first time in nearly a year.
• Condo prices held steady, while active condo listings declined 17% year-over-year.
• Semi-detached homes led price growth, increasing 3% month-over-month.

The takeaway? Buyer activity is strengthening, inventory is trending lower year over year, and prices continue to move higher. The GTA market is entering summer with improving demand, greater confidence, and a firmer pricing outlook.

04/16/2026

Buyers and sellers are approaching the spring and summer markets with cautious optimism.

Canada’s spring housing market is beginning to show signs of life after a long winter that kept many buyers and sellers on the sidelines.…

04/14/2026

The difference between a polished space and one that feels a little “off”? It often comes down to how your wall art is placed. 🖼️ Whether you’re styling a gallery wall or hanging a single statement piece, a few simple rules can instantly elevate your space and make everything feel more intentional.

Read the full guide to measuring and hanging wall art like a pro on the Royal LePage blog 👇

https://blog.royallepage.ca/how-to-measure-and-hang-wall-art-properly/

04/07/2026

GTA Spring Market Update 🌆

Prices are ticking up, but supply is still calling the shots.

• Avg price: $1.02M (+4.5% YTD, -7% YoY)
• Sales: 5,039 (+30% MoM, still well below avg)
• Inventory: 21,696 listings (+69% vs 10-yr avg)

By segment:
• Detached: $1.34M (↑ MoM, ↓ YoY)
• Condos: $620K (near 2021 levels, buyer opportunity)
• Towns: $931K (stable)
• Semis: $1.01M (holding steady)

Bottom line:
Spring momentum is here, but high inventory + cautious buyers = balanced pricing, not a surge.

03/06/2026

The Biggest Story in Toronto Real Estate Right Now Isn’t Prices. It’s Supply.
Everyone is focused on prices softening.
But the more important shift in the February data from the Toronto Regional Real Estate Board is something else entirely:
New listings fell 17.7%.
At the same time:
• 3,868 homes sold across the GTA
• Average price: $1,008,968
• Active listings: 19,314
• Average days on market: 36
Yes, prices adjusted about 7.1% year-over-year.
But markets rarely move in straight lines. They move in cycles driven by supply and demand.
Right now, we’re seeing a phase of price discovery, while many buyers wait on the sidelines for clarity around interest rates and economic signals from the Bank of Canada.
What’s interesting is that industry estimates suggest as many as 100,000 potential buyers are still waiting to re-enter the market.
If supply continues to tighten while those buyers return, the second half of 2026 could feel very different from the first.
Sometimes the most important market signals are the ones people aren’t talking about yet.

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02/06/2026

Today marks the start of the Winter Games in Italy, and we’re sending a huge shout-out to the athletes who represent the very best of Canada. Just like the homes we represent, these competitors are built on a foundation of strength, dedication, and excellence.

We’re proud to be a Canadian company supporting Canadian dreams. Let’s show the world what we’re made of! 🇨🇦

Which event are you most excited to watch? Let us know in the comments! 👇

02/06/2026

Actual Market Value: While $17,000 in 1963 is worth roughly $180,000 in inflation-adjusted dollars, an equivalent home in Toronto today often sells for over $1 million to $1.5 million+ (e.g., suburban detached homes from that era, such as in the Finch/Leslie area).Toronto experienced two major periods of "explosive" house price growth, with the most dramatic, short-term acceleration occurring in the late 1980s, and a more sustained, massive increase happening during the 2016-2022 pandemic-era boom.
The Late 1980s Boom (1985–1989): Between 1985 and 1989, average home prices in the Toronto area increased by a staggering 151%, rising from approximately $109,000 to a high of roughly $274,000. This period is recognized as the highest four-year price escalation to date.
The Post-2015 Boom (2016–2022): Starting in 2016, average home prices in the Greater Toronto Area began to surge, increasing 34% year-over-year by March 2017. This was followed by a rapid, pandemic-era boom driven by low interest rates, which saw prices in the suburbs accelerate by over 30% in just eight months. This period was "extreme," with average home prices doubling in the years leading up to the 2022 peak.

Housing prices at Leslie and Finch in 1963.

02/05/2026

GTA Market Update | January 2026

The Greater Toronto Area housing market has entered 2026 with a noticeable recalibration. While overall sales activity slowed, increasing inventory and price adjustments are creating meaningful opportunities across multiple segments.

🏡 Sales & Inventory
• 3,082 homes sold (-19.3% YoY)
• Active listings up 8.1% to 17,975
• Buyers benefiting from more choice and negotiating room

💰 Pricing Trends
• Average GTA price: $973,289 (-6.5% YoY)
• HPI and average prices trended lower month-over-month, signaling ongoing price discovery
• Bank of Canada rate holding at 2.25%, supporting market stability

🏘 By Property Type
• Detached: $1,277,915 | Most active segment despite softer sales
• Semi-Detached: $945,967 | More attainable low-rise option emerging
• Townhomes: $819,543 | Consistent middle-ground for families
• Condos: $604,759 | Strong opportunities for first-time buyers amid higher inventory

📊 Market Balance
• New listings: 10,774
• SNLR: ~33% → shifting toward buyer leverage
• More time, better selection, and informed decision-making

🔍 The Takeaway
January reflects a market intentionally finding balance. With stable rates, steady employment, and improving affordability in key segments—particularly condos and low-rise homes—the GTA is setting the stage for a more sustainable and opportunity-driven 2026.

12/17/2025

Ontario's Building Code is being updated, with major changes to carbon monoxide (CO) alarm requirements taking effect January 1, 2026, mandating alarms on every floor of homes with fuel-burning appliances, fireplaces, or attached garages, expanding from just near sleeping areas, and applying to multi-unit buildings too, making compliance a legal requirement with significant fines for non-compliance.

Key Changes Effective Jan 1, 2026

Every Floor: Alarms must now be on every storey (level) of a home or dwelling unit.
Expanded Triggers: Applies to homes with fuel-burning appliances (furnaces, water heaters, stoves, fireplaces), attached garages, or heating from an outdoor furnace.
Multi-Unit Dwellings: Rules extend to apartments/condos, requiring alarms in units and sometimes public corridors near fuel systems or garages.
Scope: Covers single-family homes, townhouses, and multi-unit residential buildings (apartments, condos).
What You Need to Do
Install Alarms: Place CO alarms on every floor and next to each sleeping area if you have a furnace, fireplace, or attached garage.
Check Your Appliances: Ensure all fuel-burning devices (furnaces, hot water tanks, stoves) are properly vented and inspected annually by a professional.
Buy Certified Alarms: Look for alarms meeting Canadian performance standards (ULC certified).
Test Monthly: Test your alarms monthly and replace batteries as per manufacturer instructions (even plug-in models need battery backup).
Why the Change?
Carbon monoxide is an invisible, odorless gas that can cause headaches, dizziness, and death, making early detection crucial. These new requirements provide broader, earlier warning for residents.
Responsibilities
Homeowners: Responsible for installation and maintenance in single-family homes.
Landlords/Building Owners: Responsible for compliance in rental units and multi-unit buildings.
Penalties
Failure to comply with the Ontario Fire Code is an offence, with potential fines up to $50,000 for individuals and $500,000 for corporations for a first offence.

11/07/2025

🏡 GTA Housing Market Gains Momentum in October

Improved affordability and steady rate cuts are sparking renewed activity across the GTA.
📈 Home sales jumped 10% month-over-month — the third-highest total of 2024 — as buyers regain confidence.
💰 Average price held steady at $1,054,372, while listings dipped slightly, showing some sellers are waiting for clarity.

By property type:
• Detached: Sales ↑7%, avg. $1.36M
• Townhomes: Sales ↑13%, avg. $935K
• Condos: Sales ↑8%, avg. $660K
• Semis: Sales ↑18%, avg. $1.03M

Royal LePage CEO Phil Soper notes:
“Canada’s housing market is shifting toward balance — easing prices and improved affordability are giving buyers real choice again.”

Overall, October signaled a cautious comeback for the GTA market, with momentum building toward a more balanced 2026.