Blog

Author: Alireza Moghaddam

  • ‘Bumpy and even’: RBC Economics releases latest housing market outlook

    ‘Bumpy and even’: RBC Economics releases latest housing market outlook

    RBC Economics has just released their latest outlook, and it’s clear that Canada’s housing market continues to move at different speeds across the country. In Ontario, Vancouver, and Montreal, we’re seeing a slowdown in home resales and some softening of prices—Toronto’s early recovery has stalled, while high inventory levels in Vancouver are holding back momentum. Meanwhile, Calgary stands out for its continued stability. As someone who’s guided clients through over 450 transactions in changing market cycles, I know that these regional differences require a tailored approach. The road ahead may be 'bumpy and even,' but with the right strategy and insight, buyers and sellers alike can make confident, informed decisions. My commitment remains to providing you with the expertise and perspective you need to succeed, no matter where the market heads.

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  • Toronto Housing Market | 2026 Home Prices

    Toronto Housing Market | 2026 Home Prices

    Navigating Toronto’s housing market requires a clear understanding of the numbers behind the headlines. Recently, sales dipped by 2.1%, and new listings dropped 14.1%, which is tightening available supply. We’re also seeing average home prices fall 4.5%, bringing the typical Toronto property to about $993,410. This trend spans across condos, townhouses, and single-family homes. In my experience guiding clients through hundreds of transactions, market shifts like these call for a strategic approach—one informed by both data and local expertise. As always, my focus remains on helping clients interpret these trends so they can make confident, well-informed decisions in any market environment.

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  • Office-to-Residential Conversions Continue to Shape Canadian Cities

    Office-to-Residential Conversions Continue to Shape Canadian Cities

    Over the past several years, we’ve seen more than 10 million square feet of Canadian office space transitioning into approximately 17,000 residential units—a significant contribution to urban revitalization. As a broker who’s passionate about adaptive reuse and city development, I pay close attention to how each city is taking a unique approach. While demand for prime office spaces remains strong, we’re witnessing older properties being creatively repurposed to meet evolving residential needs. This trend underscores the ongoing transformation within our urban cores—a dynamic that continues to shape opportunities for both investors and communities alike.

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  • Toronto Buyers Are Combining Condo Units

    Toronto’s presale condo market is shifting, and it’s fascinating to watch how developers are responding to today’s discerning buyers. Two recent projects—one near Yorkville and the Annex, another in north Toronto—are focusing on end users rather than the rapid-fire investors who used to dominate this space. The Yorkville boutique project is about 40% sold, with buyers frequently combining smaller units into larger residences. The result? Custom homes averaging close to $3 million even before further personalization. Meanwhile, the north Toronto project reduced its planned unit count to around 500, prioritizing spacious layouts, including a solid mix of two- and three-bedroom homes. Sales there have reached about 35%.

    Both developments are catering to a growing demand from downsizers and those seeking elevated livability—whether that means luxury finishes or simply more breathing room. It’s a strategic approach, even if it means a slower sales pace compared to previous Toronto condo booms. Notably, one of these projects is moving forward using its own capital, while the other is aiming for a 2027 construction start once financial targets are met.

    Having guided clients through over 450 real estate transactions, I’ve seen firsthand how the Toronto market evolves. These projects highlight a clear trend: buyers are prioritizing quality of life, and developers are listening.

  • Toronto Listings Fall Faster Than Sales

    Reviewing the latest GTA market data for late Q3, we see some notable shifts: home sales reached 5,040, down about 9% from last year, but new listings dropped even more sharply to 16,500—a 14% year-over-year decline. This resulted in a slightly tighter sales-to-new-listings ratio, improving to roughly 31% from 29%. However, it’s important to note that this change was driven by fewer homes coming to market, not increased buyer demand. Both average and benchmark selling prices slipped by around 5% compared to last year. Active listings wrapped up Q3 at 26,100, also down 9%, keeping inventory stable at approximately 5.2 months of supply. On average, properties spent 34 days on the market, but the real picture is closer to 51 days when relisted properties are factored in—a reminder that surface statistics can sometimes mislead. While the raw average price edged up month-over-month to $1.01M, adjusted prices continued to soften. For those reviewing comparable properties, the smaller inventory offers a fresh perspective, but it doesn’t automatically translate to higher asking prices. As someone who’s guided clients through over 450 transactions and stays engaged with market trends and industry best practices, I find that understanding these details helps set realistic expectations and strategies in today’s evolving market.

  • Toronto Falls Into Moderate Bubble Risk

    Toronto has recently been categorized as carrying a moderate bubble risk, with one of the world’s leading wealth managers ranking our city among the weakest major housing markets. In the past year, home prices in Toronto have dropped by approximately 11%—the sharpest annual decline among 23 global cities reviewed. From 2014 to 2022, Toronto’s real home prices doubled, fueled by rapid population growth, strong investor interest, and a surge in new construction. Since 2022, however, we’ve seen higher interest rates, the implementation of a foreign-buyer ban, and increased housing supply prompting a correction—bringing prices nearly 30% below their recent peak. This shift has narrowed the gap between home prices and what local buyers can reasonably afford, placing Toronto in a more balanced, yet still cautious, position. As inventory continues to rise and economic growth slows, the outlook suggests continued price pressure in the near term, especially as potential rate hikes keep many buyers on the sidelines. As someone who has guided clients through every market cycle since 2015, I stay focused on helping you navigate these changes with clarity and confidence.

  • Toronto Homebuyers Gain Opportunities as Prices Ease Again

    Toronto Homebuyers Gain Opportunities as Prices Ease Again

    September brought a 0.5% dip in Toronto home prices, with the average now at $924,600—4.7% lower than a year ago. Sales activity also saw a 5.2% decline, and new listings fell by 3.8%. These shifts are closely tied to rising borrowing costs and ongoing economic uncertainty. After years of guiding clients through changing markets, I’ve seen how important it is to stay informed and adapt strategies as the landscape evolves. Whether you’re navigating a sale or considering your next move, understanding these trends is key to making confident decisions.

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  • Toronto board of trade urges Ontario to amend zoning and building code rules to spur housing growth

    Toronto board of trade urges Ontario to amend zoning and building code rules to spur housing growth

    Ontario’s ambitious plan for 1.5 million new homes by 2031 is under threat, with projections suggesting we could fall short by more than 550,000 homes if outdated zoning and building code regulations remain unchanged. As someone who’s overseen over 450 real estate transactions and actively participated in industry committees, I see firsthand how streamlined zoning and modernized codes can make a real difference—reducing costs, minimizing delays, and most importantly, making housing more affordable and accessible to buyers. Addressing these regulatory challenges isn’t just about hitting targets; it’s about creating viable paths to homeownership for more Ontarians and strengthening the future of our communities.

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  • Vancouver and Toronto Offer New Opportunities for Homebuyers

    Vancouver and Toronto Offer New Opportunities for Homebuyers

    We're seeing a significant recalibration in Canada’s most renowned real estate markets. Toronto’s residential prices have fallen 11% over the past year—the steepest decline out of 23 major cities—putting home values nearly 30% below their peak. Higher interest rates, a foreign-buyer ban, and increased inventory are all playing a role. Meanwhile, Vancouver has experienced a 10% annual drop and is now down 20% from 2022, with further decreases on the horizon.

    As someone who’s navigated hundreds of transactions and closely tracked these shifts, I can say that both buyers and sellers are adjusting strategies as the landscape evolves. My commitment to professionalism and results means I’m always analyzing the numbers and trends to help clients make informed decisions. Whether you’re looking to reposition in the market or understand how these changes might impact your plans, staying informed is essential.

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  • Toronto Housing Market Sharply Reverses

    Toronto’s housing market is experiencing one of the sharpest resets worldwide, with inflation-adjusted home prices dropping nearly 10% year over year. Benchmark pricing has softened as well, with the city’s composite home-price measure down about 5% on a seasonally adjusted basis, putting average values close to $931,000. While central condo affordability looks more promising when viewed strictly by income, factoring in mortgage interest, maintenance, taxes, and a risk premium still tips the scale—owning remains significantly more expensive than renting. For those of us navigating these shifts on behalf of clients, this presents a fleeting window: current conditions mean softer prices, but if demand returns before supply catches up, we could see the market tighten again quickly. It’s clear that to restore the level of affordability Toronto saw in 2019, annual housing starts need to increase by at least 50% over the next decade—a reminder of the persistent supply challenge. As someone who’s guided clients through over 450 transactions and many market cycles, I see the current landscape as both a challenge and an opportunity for buyers and sellers who want to make informed, strategic moves.