Shawn King Royal Heritage Realty LTD

09/22/2026

09/19/2026

GTA Market Update 🏡

* GTA home sales were down 2.1% year-over-year in August.
* At the same time, new listings dropped 14.1%, meaning fewer fresh homes are coming onto the market.
* If this continues, the supply of available homes could gradually tighten.
* For buyers: there’s still negotiating room in many areas, but the window may not stay this favourable if inventory keeps shrinking.
* For sellers: less competition from new listings could be a positive sign, especially for homes that are priced properly.
* This doesn’t mean we’re suddenly back in a seller’s market, but it’s definitely a trend worth watching.

The GTA market is still very neighbourhood and property specific, so the numbers can look completely different depending on where and what you’re buying or selling.

09/11/2026

Couple more reviews! 🤗

09/10/2026

🔥Sold!🔥

5 Royal Estates Drive
Kawartha Lakes

Starting the fall off with a bang.

Couldn’t be happier for my first-time buyers! I’ve known them and their family for 10 years now. About 7 years ago, I had the privilege of helping their parents buy their family farm, and now I got the honour of helping their son and his fiancée buy a place of their own. ❤️

Excited to bring some ciders and mystery meat from Bobcaygeon for the BBQ next summer!

09/09/2026

Durham/Toronto/GTA HOUSING REPORT FOR
August, 2026

The Central Lakes Association of REALTORS® (CLAR) has released its August 2026 Housing Market Reports, which show a total of 1,150 home sales across its six Regions during the month. Compared to July, sales activity eased across all CLAR Regions, while average price trends were mixed and year-over-year results varied by local market.

August often brings a seasonal slowdown in housing market activity as summer comes to a close, and we saw that reflected in sales and new listing activity across our Regions compared to July. However, the year-over-year figures provide an important perspective, with several Regions recording gains in average prices, sales activity or new listings compared to August 2025. Real estate remains highly local, and market conditions continue to differ from one community to the next.

Durham Region - recorded 568 home sales in August. The average selling price was $823,153, compared to $840,581 the previous month. New listings declined 17.1% month-over-month to 1,426, while homes spent an average of 33 days on the market.

Toronto Average Price decreased from $1,003,956 in July to $993,410 in August

Kawartha Lakes - saw 107 home sales in August. The average selling price was $683,335, down from $702,431 in July, but slightly higher than $679,291 in August 2025. New listing activity was 298, which is higher than in August 2025, and homes spent an average of 45 days on the market.

Peterborough Region/County - reported 152 home sales in August, with the average selling price increasing 10.9% month-over-month to $748,495, from $674,834 in July, and was also higher year-over-year. New listings totalled 344, with homes spending an average of 41 days on the market.

Northumberland County - A total of 118 homes sold in Northumberland County in August, which is unchanged from August 2025. The average selling price was $709,023, which is an increase from the same month last year. New listings were 288, and homes spent an average of 49 days on the market.

Prince Edward County - 34 homes sold during August, with sales slightly higher than in August 2025. The average selling price was $676,905, compared to $764,362 the previous month. New listings declined month-over-month, while homes spent an average of 74 days on the market.

Hastings Region - the average selling price increased 7.3% from the previous month to $556,108, and was also higher than in August 2025. There were 171 homes sold in August and new listings totalled 342, with homes spending an average of 50 days on the market. Both sales and new listings were also slightly higher year-over-year.

08/26/2026

🇨🇦 Could Canada–U.S. trade tensions affect Ontario mortgage rates?

Potentially, but maybe not in the way you’d expect.

With Canada–U.S. trade negotiations breaking down and new tariffs being introduced, there are two competing pressures on interest rates:

📉 Slower economic growth could give the Bank of Canada more reason to lower rates.

📈 Higher costs from tariffs could increase inflation, which could make the Bank more cautious about cutting.

We’re already seeing Canadian bond yields react to the uncertainty, which is important because fixed mortgage rates are heavily influenced by the bond market.

The Bank of Canada is currently holding its policy rate at 2.25%, with its next rate announcement scheduled for September 2nd. ⁠

Bottom line: trade negotiations aren’t just a political story, they could eventually affect borrowing costs, buyer confidence and the Ontario housing market.

I’ll be watching this one closely.

08/06/2026

Durham/Toronto/GTA HOUSING REPORT FOR
July, 2026

Housing Market Reports, which show a total of 1,430 home sales across its six Regions during the month. Compared to June, home sales and new listing activity declined across most regions, while average sale prices continued to vary by local market.

Market conditions continue to vary across our region, making it important for buyers and sellers to understand what's happening locally before making informed real estate decisions. A REALTOR® can help explain those local trends and provide guidance based on current market conditions."

Durham Region - recorded 713 home sales in July, down 12.6% from 816 in June. The average selling price remained relatively stable at $840,581, down just 1.6% from $853,827 the previous month. New listings totalled 1,720, providing buyers with continued choice despite a 16.3% decline from June, and homes sold in an average of 29 days.

Toronto Average Price decreased from $1,069,700 in June to $1,003,956 in July

Kawartha Lakes - remained steady with 122 home sales in July, just 3 fewer than in June. The average selling price declined to $702,431, down 4.5% from $735,418 the previous month, with 325 new listings coming to market. Homes spent an average of 46 days on the market.

Peterborough Region - recorded 197 home sales in July, 8.8% fewer than the 216 recorded in June. The average selling price declined to $674,834, down 4.8% from $708,815 the previous month, with 419 new listings available to buyers. Homes spent an average of 37 days on the market.

Northumberland County - totaled 144, 5.3% fewer than the 152 recorded in June. The average selling price increased to $721,450, up 6.5% from $677,570 the previous month. A total of 380 new listings came to market, and homes sold in an average of 48 days.

Prince Edward County - increased to 57 in July, up 21.3% from 47 in June. The average selling price rose to $764,362, up 0.8% from $758,304 the previous month. New listings remained unchanged at 115, while homes spent an average of 60 days on the market.

Hastings Region - totalled 197 in July, a decrease of 24.5% from 261 in June. The average selling price was $518,414, down 4.7% from $543,907 the previous month, while 450 new listings came to market, giving buyers a range of options. Homes spent an average of 50 days on the market.