-
Some of the hottest real estate markets in the Greater Toronto Area
In July 2026, Greater Toronto Area real estate prices dropped about 4.5% year-over-year, with average selling prices around $1 million. Sales fell 6.8% compared to last year, marking one of the weakest Julys since 2003. Active listings decreased 22.3%, and new listings dropped 17.3%. Despite fewer sales, homes sold faster due to a shrinking inventory. Buyer interest shifted to outer municipalities like Uxbridge and Aurora.
Continue to full article -
Keys to a New Chapter 🔑
A heartfelt congratulations to my first-time home buyer clients on securing their new property at 11 Bogert Avenue, Unit 2601, Toronto! From the first showing through every question, decision, offer, and closing detail, their journey reflects the excitement and commitment behind buying a first home. This milestone is about more than receiving the keys—it is the beginning of a new chapter filled with possibility. In a changing Toronto market, informed guidance and a clear plan can make all the difference. Welcome home, and congratulations on this incredible achievement! If you are preparing to buy your first property, I would be happy to help you take the next step.
Continue to full article -
Rate Held at 2.25%: What It Means for Mississauga Real Estate This Fall
The Bank of Canada has held its key interest rate at 2.25%, maintaining stability for borrowers while policymakers weigh economic growth against inflation. For Mississauga homebuyers, the decision may make budgeting more predictable, but affordability and mortgage qualification remain central. Sellers should expect informed, selective buyers and prioritize realistic pricing, presentation, and timing. Local data shows a recent median sale price of approximately $880,200, highlighting the importance of neighbourhood-level analysis rather than broad headlines. This fall, inventory, new listings, buyer demand, and days on market will help determine how the market performs. A tailored strategy can turn today’s uncertainty into a confident next step.
Continue to full article -
Mississauga Home Prices Dip Below $900K
In Early-Q3, Mississauga’s avg. selling price reached $899K, down ~11% MoM from Late-Q2 and below Early-Q3 2025’s ~$996K avg. as the market cooled.
Home sales eased to 500 transactions in Early-Q3, ↓~12% MoM. New listings ↓15%, active listings ↓~3%, while avg. selling time held steady at 47 days.
Detached homes drove much of the cooldown: sales ↓~19% to 184, and avg. price fell from ~$1.48M in Late-Q2 to ~$1.26M in Early-Q3.
Semi-detached homes lost momentum, with sales ↓~20% and time stretching from 19 to 26 days. Freehold townhouses stood out, with sales ↑~28% and prices ↑~3%.
Condo apartments averaged ~$512K in Early-Q3, below Late-Q2. A local board said more positive economic and jobs news could support confidence and purchases in Early-Q4. -
Retirement Downsizing Can Shrink Equity
Selling a family home in retirement can bring unexpected complications, with slower sales and rising listings stretching timelines and cutting proceeds.
Buying a cheaper home did not remove lending rules. Retirees using pensions, investments, or savings withdrawals could see income assessed differently, limiting borrowing capacity.
Early mortgage exit penalties could cost thousands, shrinking equity and complicating downsizing.
Some homeowners could port an existing mortgage to a new property, keeping their current rate and avoiding penalties, though timing and lender rules mattered.
If buyers secured a new home before the old one sold, bridge financing could cover the gap but raise interest costs in a slower market. -
Ontario Bill 60 Phase 2: Landlords & Tenants, Get Ready
Know the date: New rules begin September 21, 2026. Review your lease, notices, and compliance process before the changes take effect.
Check N4 notices: Late-rent notices and payment timelines may change. Landlords should use the correct current form and tenants should verify every deadline.
Understand N12 evictions: Personal-use applications require careful documentation and compliance. Get advice before serving or responding to an N12 notice.
Save this guide and share it with a landlord or tenant in Mississauga. Follow for practical Ontario rental updates, and seek legal advice for your situation.Continue to full article
