Joanne Cross, Broker, Royal LePage Frank Real Estate, Brokerage

Joanne Cross, Broker, Royal LePage Frank Real Estate, Brokerage Joanne is a leading Real Estate Professional working with you ensuring all your Real Estate needs ar

09/23/2026

Canada’s Housing Market Eyes 2027 Recovery | www.joannecrosshomes.com
Reflecting on Canada’s evolving housing market, I’m reminded of how much change and resilience our communities—like Durham—have demonstrated over the years. Recent signs have been encouraging: resales are picking up, inventory is steadying, and prices are finding their balance. These shifts often come back to the fundamentals that matter most—affordability and steady employment—which together help restore buyer confidence and open new doors for families looking to build their future here.

One of the key factors I’ll be watching, especially for those who’ve put their plans on pause, is how quickly buyers might step back into the market now that stronger savings and job stability are within reach for many. The forecast for 2026 suggests we’ll see a slight dip in resales—down about 4% to roughly 453,000—and a 2% decrease in benchmark prices to around $794,000, before a gentle rebound in 2027. While borrowing costs are near recent lows and the central bank seems set to hold rates, it’s important to remember that broader forces—like trade tensions and energy fluctuations—can still influence our momentum.

Looking ahead, recovery is expected across all provinces in 2027, though it may be a steady path rather than a sweeping transformation. In my own experience working with families in Durham since 1983, I’ve seen how our collaborative spirit helps us navigate uncertainty and seize new opportunities. If you have questions about how these national trends might shape our local landscape, I’m always here to share what I’m seeing and hearing on the ground.

09/22/2026

Ontario Housing Market | 2026 Home Prices
Reflecting on the most recent Ontario housing market numbers, I see a noticeable shift that could mean new opportunities for buyers and sellers alike in our communities. Sales dipped by 1.3%, while new listings dropped 10.8%—a sign that many are weighing their options carefully. Home prices have softened by 3.6% to 6.9%, which is helping to make homeownership more accessible for those looking to put down roots. With inventory balanced at 4.5 months and rents down 4.5%, buyers are finding themselves with a bit more room to negotiate and consider their choices. Having raised my family here in Durham since 1983, I’ve always believed that understanding these trends—and working together through them—is key to finding the right fit for every client. As always, I’m grateful to be part of this community and to help others navigate these changes with a collaborative mindset.

09/16/2026

Canada: Rate Cuts Can Worsen Affordability | www.joannecrosshomes.com
Reflecting on recent research from Canada’s central bank, it’s clear that interest rate cuts have a more complex impact on home affordability than many expect. When rates drop, we do see a quick uptick in housing demand—resales climb soon after, peaking within 18 to 24 months. Yet, the boost in new housing construction takes much longer, often emerging two years later. Strong labour markets and accessible lending can push demand even higher, as families feel more confident about making a move.

From my years living and working in Ajax and the broader Durham community, I’ve seen firsthand how these market shifts play out locally. Builders tend to respond to heightened demand only once higher prices and better financing make new projects viable, but the planning and permit process—especially for multi-unit homes—means supply inevitably trails behind. In effect, lower borrowing costs can drive prices up faster than new homes become available.

For families in our community, this research reinforces what many have felt: monetary policy alone isn’t the answer to affordability. Real change comes from a broader, collaborative effort—something I’ve always valued in helping clients navigate the evolving housing landscape here in Durham.

09/15/2026

Ontario new home sales jump 130 percent after enhanced HST rebate, but condo market still lags
Having called Durham home since 1983, I’ve witnessed firsthand how our communities evolve—and the numbers coming out of Ontario’s new home market this past quarter are certainly worth noting. New home sales in Ontario saw a remarkable 130% surge in Q2, reaching 8,410 units, thanks in large part to the enhanced HST rebate. This has especially energized the low-rise housing segment, which so many families in regions like ours value for space and community. While condo sales did increase by 12%, they’re still trailing well behind their usual levels. High fees, project delays, and zoning challenges continue to make the process more complex for buyers. For me, the most rewarding part of my work is helping you navigate these changing trends—so you can find not just a house, but a place that truly feels like home.

New report suggests HST rebate continues to boost single-family new home sales across GTAIt’s fascinating to see how the...
09/11/2026

New report suggests HST rebate continues to boost single-family new home sales across GTA
It’s fascinating to see how the GTA’s single-family new home market is responding to the current HST rebate. According to a recent report, July saw new single-family home sales triple to 781 units—a clear sign that incentives are still making a meaningful impact. Prices for these homes have adjusted, down 8.5% to an average of $1.36M, while condos have seen a slight uptick in sales and a 2.5% increase in price, now averaging $1.05M. With 18,546 units in inventory, there’s plenty of choice for families considering a move or a first purchase. As someone who’s called Durham home since 1983, I’ve always believed that the right environment and thoughtful planning make all the difference when choosing where to live. It’s encouraging to see measures in place that help more families find their footing in communities across the GTA.
https://www.roomvu.com/agent-news/joanne-cross-1/1950768-New-report-suggests-HST-rebate-continues-to-boost-single-fam

09/10/2026

Canada Housing Just Got More Interesting | www.joannecrosshomes.com
There’s a renewed energy stirring in Canadian real estate, though buyers are still cautious and activity hasn’t quite matched last year’s pace. What I’m noticing here in Durham—and across the country—is that while new listings are slowing down, sales are quietly picking up, slowly steering our market toward a healthier balance between supply and demand. For those worried about sudden price drops, the current trend is reassuring: price growth is moderate, lending some much-needed stability without any dramatic corrections. Of course, every region tells its own story, and that’s where choosing the right area becomes essential. In my decades of helping families find the right fit in communities like Ajax, I’ve learned the value of understanding local shifts. Every move is a collaboration, and in times of change, working together makes all the difference.

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200 Dundas Street East
Whitby, ON
L1N2H8

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