Industry Updates: Single-Family Sales Rise, Resale Supply Tightens, Cultural Programming Expands

Noticing a shift in the Greater Toronto Area market: single-family home sales have seen an uptick, thanks in part to the expanded HST rebate. Meanwhile, condo sales remain subdued, and the resale supply has tightened—factors that could mean upward pressure on prices ahead. Housing starts have dipped slightly, and it's interesting to see Toronto piloting AI technology for building permits, aiming to enhance efficiency in our industry. As someone who’s navigated hundreds of transactions across changing markets, I’m always watching these trends closely to guide clients with confidence and clarity. Staying informed is key to making the right real estate moves.