Andrew Sommers Real Estate

10/10/2026

Abby wanted to see what the top of the world looked like, so we went and saw it! Limberlost Forest Lisa with Scallywagz Petcare

10/10/2026

Wherever you are, whomever you are with be sure to have a safe, happy and healthy Thanksgiving!!🤗

10/10/2026

Real Estate Market Report | September 2026 | Tale of Two Cities | Full Report: https://youtu.be/XfXkJQocRzg

In this September market update, Chris Kapches, CEO of Chestnut Park Real Estate, examines the latest Toronto and GTA housing data and describes a lackluster fall start where overall market metrics reflect a softer, more cautious pace. While the headline average sale price managed to stay just above the $1 million threshold at $1,006,409, avoiding the sub-million dip seen in August, declining activity and subdued seller confidence signal a market adapting to broader macroeconomic pressures.

Key highlights from the September 2026 Toronto & GTA market:
• Sales: 5,040 homes sold (Down 9.0% year-over-year).
• New Listings: 16,500 properties (Down 14.4% year-over-year).
• Total Active Inventory: 26,131 properties available (Down 9.3% compared to last year).
• Average Sale Price: $1,006,409 (Down 5.1% year-over-year, holding just above the $1M mark).
• Days on Market: 34 days on average (vs. 33 days in September 2025).

Despite a sluggish start to the traditional fall market as hesitant sellers hold back inventory, deeper structural shifts and macro pressures continue to shape the regional landscape.

In this report, Chris Kapches analyses:
• The "Tale of Two Cities" divergence: Exploring the dramatic performance gap between the 416 (City of Toronto sales down 5.85%) and the 905 region (sales down 12.2%), driven by returning urban lifestyle preferences and return-to-office mandates.

• Why inventory patterns are defying history: How sliding consumer confidence and mismatched price expectations are keeping potential listings off the market at a time when fall activity typically accelerates.

• The stickiness of property values: How condo pricing, averaging $640,000 in the 416 and $530,000 in the 905, continues to support overall price averages despite softer demand.

• Broader economic headwinds: The compounding impact of Canada-U.S. trade tariffs, geopolitical conflict driving up oil prices, and heavy government borrowing on bond yields.

• The unseen impact of hyperscalers: How massive capital borrowing by cloud computing and data center builders is putting upward pressure on bond yields and keeping fixed mortgage financing rates sticky around 4.75%, independent of the Bank of Canada's steady 2.25% rate.

While macro headwinds and borrowing costs present ongoing challenges, Chris Kapches breaks down how micro-market resilience and urban stability offer valuable guidance as buyers and sellers navigate the final stretch of 2026.

Subscribe for expert analysis and a clear view of the market ahead.

10/06/2026

Another dip, but this one was not your average bear and the beginning of October is showing us that. September is normally a month that sees an increase over August, however this year with Labour Day so late and then running straight into the Jewish holidays that fall market took a while to spark. October so far is ahead after 5 days than it was last year and although the overall yearly numbers are trending lower there were still over 5,000 (yes by a tiny bit) homes sold in the Toronto and region market.

Have a super safe Thanksgiving and look out for the moose if you're heading north to see the colours! 🤗

09/07/2026

Although not there yet, think 2019 folks especially if your a condo owner. Chances are the detached and semi's will stay above the cut line but those condo's for the most part won't. Buy now because in 3 years there won't be any new condos to buy!!

Happy Fall and remember to watch out for those munchkins crossing the road.

08/06/2026

Oh look seasonal markets are back! Surprisingly enough though Condo's held their own. However as one sale does not make a trend nor does one month, for the first time in a long time buyers have more power and it will be exercised until it can't!!

07/15/2026

Another hold by the Bank of Canada which is no surprise given all that is happening. Some Banks think there might be a hike before the year is out, but since any inflationary pressure is not due to normal economics but is the result of erratic policies of others, I don't really see it! How about you?? June's numbers are relatively stable, however there was a ceasefire so I thought it might be interesting to compare these numbers with June of 2019, the last year everything seemed sane in this world. Cheers!

07/15/2026

07/01/2026

Sums it up nicely! Have a safe and happy day!

06/21/2026

All the best to all the Dads out there! Believe it or not sometimes it doesn't hurt to listen!!