MACKEY & McCORMICK

Our Real Estate Update April 2026

Posted on May 05, 2026

Overall, the GTA market is exhibiting clear signs of seasonal momentum, with sales activity strengthening across most segments alongside rising new listings. While inventory remains elevated relative to historical norms, the year over year declines in several segments suggest supply pressures may be gradually easing. If current trends persist, impr...

Our Real Estate Update March 2026

Posted on Apr 07, 2026

Overall, while March delivered a seasonal lift in both prices and sales activity, the Greater Toronto Area housing market remains firmly influenced by elevated inventory levels and below average demand. The gap between supply and absorption continues to weigh on pricing, particularly across higher density segments. While improved affordability and...

Our Real Estate Update February 2026

Posted on Mar 09, 2026

February's data shows a market that is finding its balance, but with a twist. The average price has adjusted by 7.1 per cent year-over-year, yet we are seeing a significant dip in new listings. This means while prices are more approachable, the "missing middle" and detached segments are seeing fewer new options. Currently, it takes an average of 36...

Our Real Estate Update January 2026

Posted on Feb 05, 2026

The GTA housing market opened 2026 with intention rather than urgency. Sales activity moderated, and the average price settled just above $973,000, aligning closely with buyer expectations. Inventory increased, but signs point toward a market that’s stabilizing, not stalling. Buyers are engaged, mortgage rates remain steady and employment growth co...

Our Real Estate Update December 2025

Posted on Jan 20, 2026

As we move into 2026, the GTA market is characterized by a cautious but optimistic outlook. With trade relationships reaffirming and large-scale domestic projects on the horizon, the foundation for growth is firming. While buyers remain mindful of employment stability, the combination of lower borrowing costs and more favorable entry prices is crea...

Our Real Estate Update November 2025

Posted on Dec 03, 2025

The GTA market took a softer turn in November, but for buyers, that may be welcome news. Prices slipped 1.3% to about $1.04 million, while sales slowed, opening the door for more negotiation power. Detached and semi-detached homes, along with townhomes all saw price declines, with inventory still well above the 10-year average. With borrowing costs...