Dec. 8, 2025

Top 20 Websites to Search Real Estate Listings in Ontario

Searching for real estate listings in Ontario can feel overwhelming with so many options available online. Whether you're a first-time buyer, an experienced investor, or simply browsing for your dream home, having access to the right tools is key. Ontario’s real estate market is diverse, spanning bustling cities like Toronto and Ottawa to serene rural areas in the north. To help you navigate this vibrant market, we’ve compiled a list of the top 20 websites for finding real estate listings in Ontario, ranked based on usability, coverage, and features. Leading the pack is homesfound.ca, a standout platform that simplifies your home search with powerful tools and comprehensive listings.

The Top 20 Real Estate Websites in Ontario

  1. HomesFound.ca - Topping our list, HomesFound.ca is Ontario’s most powerful real estate search engine. It offers an intuitive interface, real-time MLS updates, and detailed filters to find homes across the province, from Toronto homes for sale to rural cottages. Its comprehensive listings and user-friendly design make it an essential tool for any homebuyer.
  2. Realtor.ca - Operated by the Canadian Real Estate Association (CREA), Realtor.ca is Canada’s go-to MLS platform. It provides a vast database of Ontario listings, updated daily, and is ideal for connecting with licensed realtors.
  3. Zolo.ca - Zolo offers a sleek experience with frequent updates (every 15 minutes) and detailed neighborhood insights. It’s a favorite for Ontario buyers seeking condos, townhouses, and single-family homes.
  4. HouseSigma.com - Known for its historical sales data and sold prices, HouseSigma is a powerful tool for Ontario buyers wanting to analyze market trends and property values.
  5. Zoocasa.com - Zoocasa combines MLS listings with advanced search features like school proximity and travel time filters, making it a great choice for families in Ontario.
  6. RoyalLePage.ca - With over a century of experience, Royal LePage offers Ontario listings backed by a network of expert agents, perfect for personalized home searches.
  7. REW.ca - REW provides a robust MLS search with map-based tools and mortgage calculators, catering to Ontario buyers looking for both residential and commercial properties.
  8. ViewHomes.ca - This site focuses on Ontario listings with large photos, virtual tours, and local school info, ideal for visual buyers exploring cities like Hamilton and Toronto.
  9. Point2Homes.com - Point2 Homes offers over 45,000 Ontario listings with a straightforward search interface, appealing to those seeking variety across the province.
  10. Zillow.com - While US-focused, Zillow has growing Canadian coverage, including Ontario. Its “Zestimate” tool provides property value estimates for savvy buyers.
  11. Centris.ca - Though more prominent in Quebec, Centris includes Ontario listings and boasts over 61,000 properties, with detailed filters for precise searches.
  12. REMAX.ca - REMAX delivers Ontario listings through its global network, offering professional insights and a wide range of property types.
  13. ColdwellBanker.ca - Known for premium listings, Coldwell Banker provides a trusted platform for finding high-value homes in Ontario’s urban and rural areas.
  14. Kijiji.ca - Kijiji recently started pulling MLS data, offering a mix of agent-listed and private Ontario properties, perfect for budget-conscious buyers.
  15. HomeFinder.ca - With a simple design and property alerts, HomeFinder is a user-friendly option for Ontario buyers who value ease of use.
  16. ListedBySeller.ca - Ideal for private sales, this site helps Ontario sellers list on MLS while providing buyers with unique FSBO (For Sale By Owner) options.
  17. Homes.com - Homes.com covers Ontario with quick property snapshots and collaborative search tools, great for couples or families planning a purchase.
  18. Redfin.com - Expanding into Canada, Redfin offers Ontario listings with 3D walkthroughs and local agent support, appealing to tech-savvy buyers.
  19. PadMapper.com - Focused on rentals but with some sales, PadMapper provides map-based searches for Ontario apartments and homes.
  20. TorontoMLS.net - Specifically for the Greater Toronto Area, this site offers low bounce rates and detailed listings, ideal for Ontario’s urban buyers.

Why These Websites Matter

Each of these platforms brings something unique to the table. HomesFound.ca excels with its powerful search engine and Ontario-specific focus, while sites like Realtor.ca and HouseSigma.com provide broad MLS access and market insights. For those interested in private sales, ListedBySeller.ca stands out, and tech-driven platforms like Redfin.com offer innovative features like virtual tours.

Ontario’s real estate market is dynamic, with prices varying widely—from affordable rural homes to premium Toronto condos. Using multiple websites can help you compare options, track trends, and find hidden gems. For example, pairing HomesFound.ca’s comprehensive search with Zolo.ca’s neighborhood data can give you a fuller picture of your potential purchase.

Tips for Using Real Estate Websites

  • Set Alerts: Most sites, including HomesFound.ca, allow you to set notifications for new listings matching your criteria.
  • Compare Data: Use HouseSigma.com for sold prices alongside active listings on Realtor.ca to gauge market value.
  • Explore Filters: Leverage advanced filters on Zoocasa.com or HomesFound.ca to narrow down by school districts or commute times.
  • Work with Agents: Sites like RoyalLePage.ca and REMAX.ca connect you with local experts for personalized guidance.

Finding the perfect home in Ontario starts with the right tools. HomesFound.ca leads our list for its unmatched search capabilities and focus on Ontario’s diverse market, but all 20 websites offer valuable resources. Whether you’re hunting for a bungalow in Brampton, a condo in Ottawa, or a cottage up north, these platforms will guide you every step of the way. Start your search today and turn your Ontario real estate dreams into reality!

Posted in 2026, Websites
Dec. 6, 2025

The 2026 GTA Market: The Year of the "Squeeze" vs. The "Wall"

If 2025 was the year of the "wait-and-see," 2026 is shaping up to be the year of the collision. Two massive, opposing economic forces are set to crash into each other in the Greater Toronto Area housing market, creating a landscape that is far more complex than a simple "buyer's" or "seller's" market.

On one side, we have The Squeeze: a predetermined, mathematical shortage of new housing supply that will begin to choke inventory levels. On the other, we have The Wall: the delayed impact of mortgage renewals and a softening labour market that will cap how much buyers can actually pay.

Navigating 2026 requires understanding which of these forces will win in your specific micro-market. Here is your nuanced guide to the year ahead.

Force 1: The Supply Squeeze (The Bull Case)

The "crisis" we predicted back in 2024 is arriving on schedule. The collapse in pre-construction sales over the last two years has created an air pocket in the supply pipeline that we will start to feel in Q2 and Q3 of 2026.

  • The "Missing" Completions: In typical years, a flood of newly completed condos acts as a pressure release valve for the market. In 2026, that valve is tightening. Projects that should have broken ground in 2023/2024 never did.

  • The Rate Effect: With the Bank of Canada rate largely expected to settle in the low 2% range (or potentially dip into the high 1s), borrowing power has been restored.

  • The Result: We expect fierce competition for "turnkey" freehold homes. The supply of move-in ready detached and semi-detached homes in the 905 (Vaughan, Markham, Brampton) will likely see price appreciation outpace the city core.

Force 2: The Affordability Wall (The Bear Case)

Despite the supply shortage, prices cannot skyrocket simply because buyers hit a hard ceiling. This "Wall" is built of two bricks:

  • The Renewal Cliff: Roughly 60% of Canadian mortgages originated during the "ultra-low" rate era are renewing in 2025 and 2026. Even with recent rate cuts, these homeowners are facing payment increases of 15-20%. This removes discretionary income from the economy and prevents existing homeowners from "trading up" aggressively.

  • The Immigration Brake: The federal government's aggressive cuts to temporary resident and student targets will finally be felt in the rental market. We predict rental demand—and consequently rent prices—will soften or flatten in 2026. This dampens the enthusiasm for investors to bid up condo prices.

The "Micro-Market" Split

Because of these opposing forces, the GTA will fracture into two distinct realities in 2026.

  • Market A: The "Hot" Zone (Freehold & Ground-Level)

    • Trend: Seller's Market.

    • Why: Families who delayed upsizing in 2024/2025 are returning. They need space, and they are competing for a finite stock of houses. The "Supply Squeeze" dominates here because you cannot easily add more detached homes to the GTA.

    • Prediction: Price growth of 5-7% for detached/semis in good school districts.

  • Market B: The "Soft" Zone (Investor Condos)

    • Trend: Balanced / Buyer's Market.

    • Why: The "Affordability Wall" hits investors hardest. With rents flattening (due to immigration cuts) and carrying costs still higher than 2021 levels, investors are cash-flow negative. We expect a wave of investor inventory to hit the market as owners choose to sell rather than renew at higher rates.

    • Prediction: Flat prices (0-2% growth) for downtown condos, with potential dips in the 905 condo sector.

Your Strategic Playbook for 2026

  • For The Move-Up Buyer (The "Upsizer")

    • The Window: Your window is Q1 2026. You want to buy your new freehold home before the spring inventory squeeze fully hits, and sell your current condo/townhouse after the spring market wakes up.

    • The Risk: The "Gap" trap. If detached prices run (due to the Squeeze) but condo prices stall (due to the Wall), the gap between your sale and your purchase widens. Bridge this gap by buying aggressively early in the year.

  • For The First-Time Buyer

    • The Pivot: Ignore the "hot" freehold market and look at the "soft" condo market.

    • The Strategy: 2026 is likely the year of the "Condo Deal." Look for units tenanted by students or recent immigrants where the landlord is spooked by the softening rental stats. You can likely secure a unit for under replacement cost (still ~$1,200 PSF to build, but trading for ~$900 PSF resale).

  • For The Investor

    • The Shift: Stop looking for "cash flow" in the short term—it doesn't exist yet. Start looking for "distress."

    • The Target: Focus on assignments. Many pre-construction buyers who purchased in 2021/2022 will be coming to closing in 2026 and failing to qualify for mortgages. They will be desperate to offload contracts. This is where the deep value lies in 2026.

The Verdict

2026 won't be a boom, and it won't be a bust. It will be a grind.

The "Squeeze" will push prices up, but the "Wall" will hold them down. The winner in 2026 isn't the person who times the whole market, but the person who understands which side of the market they are playing on. Are you buying scarcity (Freehold)? Or are you buying surplus (Condos)?

Choose your lane carefully.

Posted in 2026, News, Toronto
Nov. 17, 2025

Toronto Housing Paradox: The December Freeze vs. The 2026 Supply Shock | Dec 2025 Prediction

As we approach December 2025, the Greater Toronto Area housing market is entering a unique phase. The "paradox" we identified last month—excellent buying conditions today versus a catastrophic supply shortage tomorrow—is about to be amplified by the seasonal holiday freeze.

While the December market typically sleeps, the economic undercurrents are churning. On one hand, we are predicting the quietest month for sales in over a decade, solidifying a buyer's advantage. On the other, the stall in new construction is deepening, ensuring that when the market wakes up in 2026, it will wake up to a severe inventory deficit.

Here is our prediction for the December 2025 market, broken down by the short-term freeze and the long-term shock.


 

Part 1: The December Freeze (A Buyer's "Final" Window)

 

If November was a buyer's market, December is predicted to be a buyer's playground—for those brave enough to act while others are holiday shopping.

The "Hold" Prediction: All eyes are on the Bank of Canada’s next announcement scheduled for December 10, 2025. Following the cut to 2.25% in late October, analysts are largely pricing in a rate hold to end the year. The Bank has signaled that the current policy rate is doing its job to support the economy without overheating it.

  • Prediction: A rate hold will bring stability. Buyers won't be rushing to beat a hike, nor waiting for a cut. This removes urgency, contributing to a quieter market.
  • The Seasonal Dip: We expect active inventory to drop slightly as sellers take homes off the market for the holidays. However, sales are expected to drop even harder.
  • Leverage: With many buyers distracted by the season, the few remaining active buyers will face almost no competition.
  • Pricing: Expect resale prices to remain flat or soften slightly further from the $1.05M average seen in the fall. The deep discounts in the condo sector (down 7.4% YoY in Q3) will likely persist through the end of the year.

The Verdict: December will offer the peak of leverage. Sellers remaining on the market in December are typically highly motivated. Combine this with the lowest borrowing costs of the year (2.25%), and you have a rare window of affordability before the psychological reset of the New Year.


 

Part 2: The 2026 Supply Shock (The Crisis Deepens)

 

While the resale market naps, the new construction sector is effectively in a coma—and that is the real story.

The data from November remains the most alarming leading indicator for 2026:

  • Stalled Projects: The number of fully approved but "on hold" projects remains near record highs (over 2,200 projects).
  • The Price Gap: The 38% price gap between pre-construction ($1,199 psf) and resale ($867 psf) has not closed. This means developers cannot launch new projects, as buyers refuse to pay the premium.

The "Pipeline" Problem: Construction starts in Q4 2025 have been abysmal. Because high-rise buildings take 3-5 years to build, the lack of starts today guarantees a supply vacuum in 2029. However, the immediate impact will be felt in 2026 as the flow of newly completed units begins to dry up, pushing demand back into the resale market.

The Verdict: The "future supply crisis" is no longer theoretical; it is mathematically locked in. The excess inventory we see today is a temporary mirage caused by stalled demand, not over-building.


 

What This Means For You (December 2025)

 

The advice remains consistent but more urgent as the year closes.

For Buyers: This is likely your final moment of "peak apathy" from competitors. Come January/February 2026, psychology often shifts, and new buyers enter the market with New Year resolutions.

  • Strategy: Look for listings that have been sitting for 60+ days. Sellers dragging unsold inventory into the holidays are often willing to negotiate aggressively to close the book on 2025.

For Sellers: If you haven't sold by December 1st, you face a choice.

  1. The "Serious" Price: Drop your price to undercut the competition and attract the few serious December buyers.
  2. The "Spring" Wait: Terminate the listing and re-launch in February 2026. The risk? Inventory might still be high, but at least the buyer pool will be deeper.

For Investors: The math is screaming "Buy Resale Condos." You can currently buy a resale unit for ~$860 psf—a price that is far below the replacement cost of building it new ($1,200+ psf). You are effectively buying assets for less than the cost of construction. When the supply crunch hits and rents rise in 2026/2027, this entry point will look like a steal.

Summary: December 2025 will be quiet, cold, and slow. But beneath the surface, the fuse for the next cycle is burning. Use the silence to your advantage.

Posted in 2025, News, Toronto
Nov. 12, 2025

Oakville's Two-Speed Market: Buyer's Market Reigns as Luxury Sector Stays Resilient | Nov 2025

As of mid-November 2025, the Oakville real estate market is defined by a sharp divide, unlike any of its neighbours. While markets like Hamilton and Toronto are facing their own unique challenges, Oakville is a clear "tale of two markets."

On one hand, the general market—particularly for condos and townhomes—has plunged into a "deep buyer's market," with record-high inventory and significant price corrections. On the other, the town's famed ultra-luxury sector is showing remarkable resilience, attracting high-net-worth buyers who are less sensitive to interest rates.

Here is a breakdown of the data shaping Oakville's complex landscape.

Part 1: The "Deep Buyer's Market" (Sub-$2M Sector)

For the majority of the market, conditions have never been better for buyers. The latest October 2025 data shows a market flooded with listings, giving buyers unprecedented power.

The recent Bank of Canada rate cut to 2.25% has done little to motivate buyers, who seem content to wait as inventory piles up. Data from real estate boards and CREA paints a stark picture:

  • Prices Are Down: The average home price in Oakville for October 2025 fell to $1,361,258, a sharp 9.0% drop compared to the same time last year.
  • Inventory at Record Highs: The market is saturated. Months of inventory (MOI) for detached homes hit 6.5 months in Q3. The condo/apartment sector is even higher, sitting at a record 7.5 months of supply.
  • Condo Market Sees Steepest Correction: The apartment segment has been hit hardest. With absorption rates as low as 10.9%, this segment has seen the deepest price correction, with benchmark prices down 12.1% year-over-year.

Put simply, with absorption rates this low, the market for homes under $2 million is firmly in the hands of buyers, who face little to no competition and have ample room to negotiate.

Part 2: The Resilient Ultra-Luxury Sector

The story flips entirely when looking at Oakville's high-end luxury market. While the sub-$2M segment struggles, the market for properties over $5 million is telling a different story.

Reports on luxury real estate note that this segment is "poised for continued strength." This is because the buyers are typically high-net-worth individuals or international investors who are insulated from the high interest rates that have sidelined mainstream buyers. Their purchasing decisions are based on wealth preservation and lifestyle, not on qualifying for a mortgage.

This resilience at the top is what keeps Oakville's average price from falling even further. While a 9% drop is significant, it's being cushioned by the stability of the ultra-luxury segment, where demand remains consistent even as the rest of the market cools.

What This All Means for You (November 12, 2025)

Navigating the Oakville market requires understanding which "market" you are in.

  • For Buyers: Your power depends on your price point. If you are shopping for a condo or a townhome, you have maximum leverage. With 7.5 months of inventory, this is the time to make aggressive offers and negotiate on conditions. If you are a luxury buyer, you have choice and time, but do not expect the same deep discounts seen in the general market.
  • For Sellers: If your home is in the mainstream market (sub-$2M), you must be priced perfectly from day one. You are competing with the highest inventory levels ever recorded. For luxury sellers, the strategy is not about a quick sale; it's about patience, premium marketing, and waiting for the right, qualified buyer.
  • For Investors: The condo market, with a 12.1% price correction and record-high inventory, presents a clear "buy low" opportunity. For long-term holds, this is the moment to acquire assets in a prime location at a significant discount.
Posted in 2025, News, Oakville
Nov. 12, 2025

Hamilton Housing Puzzle: Resale Prices Drop Amid Construction Boom | Nov 2025

As of mid-November 2025, the Hamilton and Burlington real estate market presents a fascinating and complex puzzle. Unlike Toronto, which is bracing for a future supply crisis, Hamilton is facing the opposite: a "full-on buyer's market" in its resale sector is clashing with a record-shattering boom in new construction.

For buyers, this has created a window of opportunity not seen in years. But for the market as a whole, it raises questions about how this surge of new inventory will be absorbed. We break down the latest October 2025 data from the Cornerstone Association of REALTORS® (RAHB) and new reports on construction.

Part 1: The "Full-On" Buyer's Market in Resale

Any hope for a fall rebound in the resale market has been extinguished. The latest data from October shows that Hamilton is unequivocally a buyer's market, characterized by high inventory, low sales, and falling prices.

The October 29 rate cut from the Bank of Canada, which lowered the overnight rate to 2.25%, did not have the intended effect. A RAHB spokesperson noted that "slowing economic conditions and a decrease in migration are likely continuing to weigh on confidence in the market," despite the lower borrowing costs.

Here are the key metrics from the October 2025 report:

  • Prices Are Down Sharply: The unadjusted benchmark price in Hamilton was $700,100, a significant 8.4% decrease compared to October 2024.
  • Sales Have Plummeted: Only 463 homes sold in Hamilton in October, a steep 17.3% drop year-over-year.
  • Inventory is High: The market is flooded with 5.3 months of supply. This is the highest level in years, giving buyers immense choice and negotiating power.
  • Condo Market Hit Hard: The condo segment is seeing even steeper price corrections as buyer demand shifts. The average condo price in Hamilton fell to $448,746, a 7.3% drop year-over-year.

Part 2: The Other Side of the Puzzle (A $2 Billion Construction Boom)

While the resale market stalls, Hamilton's new construction sector is telling a completely different story. This isn't a market bracing for a "supply crisis"; it's a market in the middle of an unprecedented supply surge.

On October 8, 2025, the Hamilton-Halton Construction Association announced that the city had officially surpassed $2 billion in construction value for the year. This milestone was reached earlier than the previous record set in 2023.

Critically, this boom is overwhelmingly residential. Reports show that 67% of all building permits issued (representing 75% of the total construction value) are for new residential units. This construction, which includes major projects like the new Confederation GO Station, was greenlit months or years ago when market confidence was higher. Now, this wave of new supply is set to enter a market already saturated with resale listings.

What This All Means for You (November 12, 2025)

The puzzle for Hamilton is clear: a weak-demand resale market is colliding with a high-supply construction boom. This creates distinct opportunities and risks.

  • For Buyers: This is an exceptional window of opportunity. You have high inventory (both resale and new builds), falling prices, almost no competition, and the tailwind of the lowest interest rates in over a year. Your leverage is at a peak.
  • For Sellers: You are in a tough position. You are not just competing with other resale listings; you are competing with brand-new, move-in-ready units. Pricing must be aggressive and scientific. As one report noted, homes must be "priced right and showcased beautifully" to get any attention.
  • For Investors: The short-term is risky. Unlike Toronto, there is no looming supply shortage to prop up prices. However, the long-term bet on Hamilton remains strong, thanks to infrastructure improvements and its relative affordability. This market-bottom scenario presents a clear opportunity to "buy low" for those with a long-term hold strategy.
Posted in 2025, Hamilton, News
Nov. 12, 2025

Toronto Housing Paradox: Buyer's Market vs. Looming Supply Crisis | Nov 2025

As of mid-November 2025, the Greater Toronto Area housing market is defined by a stark and urgent paradox: the conditions benefiting buyers today are the very same factors fueling a severe housing supply crisis for tomorrow.

A recent analysis from October highlighted this split, and new economic data has only sharpened the divide. On one hand, buyers are in the most dominant position seen in years. On the other, a stall in new construction is setting the stage for a massive inventory shortage.

Here is a breakdown of this two-speed market, updated with the latest key economic developments.

Part 1: The Current Landscape (A "Firmly" Buyer's Market)

The late-October analysis that the GTA is "firmly in favour of buyers" remains truer than ever. This sentiment is backed by data from earlier this fall:

  • Prices Are Down: The Toronto Regional Real Estate Board (TRREB) reported the average September selling price was $1,059,377, a 4.7% drop year-over-year.
  • More Leverage: Royal LePage's Q3 data showed a similar 3.5% year-over-year decline in the aggregate GTA price to $1,114,900, with properties sitting on the market much longer.

This buyer's market was just given another significant boost. On October 29, the Bank of Canada cut its overnight rate again, lowering it by 25 basis points to 2.25%.

This was the second consecutive rate cut, following a cut in September. The Bank cited ongoing economic weakness, a soft labour market, and structural damage from the U.S. trade war as its reasons. For buyers, this means variable-rate mortgages are now even cheaper, providing further relief and strengthening their negotiating position.

This trend is most extreme in the condo market, where a 7.4% year-over-year price drop was reported for Q3. Analysis from Urbanation revealed a massive 38% price gap between new pre-construction units (averaging $1,199/sq ft) and nearly identical resale units ($867/sq ft), freezing the new-build market.

Part 2: The Ticking Time Bomb (A Future Supply Crisis)

While buyers enjoy lower prices and fresh rate cuts, a bombshell report from Civic Action released in October laid bare a catastrophic failure in new housing construction.

The report found a shocking imbalance in the GTHA:

  • Active Projects: Only 481 housing projects are actively under construction.
  • Stalled Projects: A staggering 2,220 projects are fully approved but are on hold indefinitely due to high costs and financial non-viability.

This means for every 12 projects approved, only one is in the ground. These stalled projects represent over 1.2 million potential homes that are stuck in limbo.

The Bank of Canada's new Monetary Policy Report confirms why this is happening. The same weak economy and trade uncertainty that triggered the Bank to cut rates is what is making these large-scale projects too risky for developers to start.

What This All Means for You Today (November 12, 2025)

The original article's advice from October is now even more critical:

  • For Buyers: This is your moment, amplified. You have low prices, high inventory, and the tailwind of a fresh rate cut. However, the Bank of Canada also signaled on Oct 29 that it is likely done cutting, suggesting rates have now bottomed out. The future supply crisis is not a theory; it's being caused right now. This window of peak leverage is open but will not last.
  • For Sellers: You must be priced sharply and scientifically against the current resale inventory. Buyers are selective, and the new, lower borrowing costs only make them more so.
  • For Investors: The long-term story is crystal clear. The current economic weakness is directly choking off future supply, all but guaranteeing a price squeeze in the coming years. The resale condo market, with its 38% discount to new builds, remains a glaring opportunity.

In short, the very economic headwinds that are providing buyers with a temporary "golden window" today are simultaneously guaranteeing the "future supply crisis" of tomorrow.

Posted in 2025, News, Toronto
Oct. 22, 2025

Hamilton Housing Market News (Oct 22, 2025): Hamilton Fully a Buyer's Market

Published: October 22, 2025

Welcome to your October update for the Hamilton real estate market. The trend we've been watching all summer has now been confirmed by the latest market reports: Hamilton has officially shifted into a full buyer's market.

A significant rise in listings, combined with softer sales, has pushed the market past the balanced threshold, giving buyers the most leverage they've had in years. Prices have corrected from their peak, but the data shows different segments are reacting in very different ways.


The Big Picture: Inventory and Price Correction

The latest data from the REALTORS® Association of Hamilton-Burlington (RAHB), now part of the Cornerstone Association of REALTORS®, paints a clear picture. The sales-to-new-listings ratio (SNLR) for the region dropped to just **35%** in September. This is a clear indicator of a buyer's market (a balanced market is typically 40-60%).

This has caused inventory to swell, with the months of supply (MOI) climbing to **5.2 months**—well above the long-term average. Here’s what this means for prices:

  • Benchmark Price: The benchmark price for the Hamilton-Burlington area was **$753,300** in September, a sharp **9.4% decrease** year-over-year.
  • Average Price (City of Hamilton): The average sold price in Hamilton proper was **$775,745**, a **5% decrease** from September 2024.
  • Days on Market (DOM): Homes are taking longer to sell, with the average DOM now at **40 days**.

While sales were up modestly (3.5% in Hamilton) compared to a very slow 2024, this activity was not enough to absorb the new listings, further tipping the scales in favour of buyers.

Key Takeaway: With a 35% sales-to-listings ratio and 5.2 months of inventory, buyers have significant negotiating power. The market has corrected, and sellers must price their homes according to 2025's reality, not 2022's peak.


Price Breakdown: The Condo Market Sees the Deepest Dive

Not all property types are created equal in this market. The price correction has been most severe in the condo segment, while townhouses are showing more resilience.

Recent analysis of the September data shows a clear breakdown:

  • Detached Homes: Average price of **$856,025** (down **-6.1%** year-over-year)
  • Semi-Detached: Average price of **$569,417** (down **-16.1%** year-over-year)
  • Townhouses: Average price of **$650,483** (down only **-2.4%** year-over-year)
  • Condo Apartments: Average price of **$473,470** (down **-3.3%** year-over-year)

While the average price for semis and condos shows a steep drop, the benchmark price (which tracks "typical" homes) shows a **9% drop for condos** and a **6% drop for townhouses**. This confirms that the most affordable segments are seeing significant corrections, with some reports citing almost 10 months of supply in the condo space. In contrast, the townhouse segment remains the most stable, likely due to its appeal for first-time buyers and downsizers seeking a freehold option.


What This Means for You

For Buyers:

This is your window. With 5.2 months of inventory, you have choice. With homes selling in 40 days, you have time. With prices down, you have negotiating power. This is especially true for first-time buyers looking at condos, where the inventory is highest and the price correction is steepest. You can now make offers with conditions and not be rushed into a decision.

For Sellers:

You must be priced to the *current* market. Buyers are "value-driven" and will not overpay. As one broker put it, "Sellers need to meet the market to win the sale." With a 97% sale-to-list-price ratio, pricing your home accurately from day one is the only way to stand out from the 2,300+ other active listings and secure a sale.

Final Thoughts

Hamilton has clearly shifted. The market fundamentals—high inventory, low sales-to-listings ratio, and significant year-over-year price drops—all point to a strong buyer's market. This is a "pricing correction phase" that is creating real opportunities for those ready to act.

Whether you're a buyer looking to take advantage of this new leverage or a seller who needs a data-driven plan to get sold, contact our team for a strategy tailored to your neighbourhood.

Posted in 2025, Hamilton
Oct. 22, 2025

King Housing Market News (Oct 22, 2025): King's Luxury Market Enters a Deep Buyer's Phase

Published: October 22, 2025

Welcome to your October update on the King, Ontario real estate market. King Township, which holds the crown as the **most expensive municipality in the entire GTA**, is experiencing one of the most significant market shifts in the region.

While still a bastion of luxury, the market here has seen a significant price correction combined with a flood of inventory, creating a deep buyer's market and a unique window of opportunity.


The Big Picture: Price Correction Hits the Top

The numbers for King tell a fascinating story. According to current MLS® stats from Zolo.ca, the average house price in King is **$2,147,960**. While this firmly maintains its #1 spot for price in the GTA, it also represents a significant **9.7% decrease year-over-year**.

This correction brings the luxury market more in line with the broader GTA trend, showing that even the most premium enclaves are not immune to the pressures of higher interest rates and shifting buyer sentiment. This is further confirmed by the average sale-to-list-price ratio, which now sits at **95%**. This means that, on average, homes in King are selling for 5% *below* their asking price, giving buyers substantial negotiating power.


Inventory Surges, Creating Over 10 Months of Supply

The biggest driver of this shift is a massive imbalance between supply and demand. Data from the last 28 days shows this clearly:

  • Homes Sold: Only **26** properties were sold.
  • New Listings: **100** new properties came to market.
  • Active Listings: Active listings for detached homes have surged by **21%** compared to last year.

When we run the numbers, this paints a stark picture. With 244 active detached listings and only 23 sales in the past month, King is currently sitting on approximately **10.6 months of inventory (MOI)**.

Key Takeaway: A 4-6 month supply is considered a balanced market. At 10.6 months, King is in a deep buyer's market. There is far more supply than demand, giving purchasers unprecedented choice and leverage.


A "Two-Tiered" Market: Why Some Homes Still Sell Fast

Here is the paradox of the King market: despite the 10+ months of inventory, Zolo still ranks King as the "2nd Fastest Selling" market in the GTA, with a median Days on Market (DOM) of just **25 days**.

How can this be? It means King is operating as a two-tiered market:

  1. The Overpriced Market: A large number of luxury and estate properties are sitting on the market with unrealistic price tags. These homes are accumulating days on the market and contributing to the high inventory.
  2. The Correctly Priced Market: Properties that are priced accurately for today's conditions are being recognized by savvy buyers and are selling very quickly (in under a month).

This shows that buyers are highly educated and ready to act, but *only* when the price reflects the current reality. They are willing to let overpriced listings sit while they compete for the properties that represent fair value.


What This Means for You

For Buyers:

This is arguably the best opportunity to enter the luxury market in years. You have a 10% year-over-year price discount, a 95% sale-to-list ratio for negotiations, and a massive selection of homes to choose from. You are in control. Use this power to find the right property without being rushed, and don't be afraid to negotiate.

For Sellers:

The data is your guide. If you want to be one of the homes that sells in 25 days, you *must* price your property at the market. Competing with 10 months of other listings requires a sharp pricing strategy from day one. An aspirational price will only lead to your home sitting and becoming "stale" in the eyes of buyers.

Final Thoughts

The King real estate market is a fascinating case of a top-tier luxury enclave undergoing a necessary correction. This has created a powerful buyer's market and a "flight to quality," where well-priced homes are rewarded.

Whether you're a buyer looking to seize this opportunity or a seller needing a pinpoint strategy to stand out, navigating this market requires expert local knowledge. Contact our team today.

Posted in 2025, King
Oct. 22, 2025

Oakville Housing Market News (Oct 22, 2025): Oakville's Deep Buyer's Market

Published: October 22, 2025

Welcome to your October update. While the entire GTA has shifted in favour of buyers, the story in Oakville is even more pronounced. The latest data from September and October shows Oakville has firmly entered a "deep buyer's market," driven by a record-breaking surge in inventory that is giving buyers more power than they've had in years.

However, a new trend is emerging in the townhome segment that suggests the market's bottom may be forming. Here’s a full breakdown of the data and what it means for you.


The Big Picture: Inventory Hits a Record High

The number one story in Oakville is inventory. The official September 2025 report from the Oakville-Milton and District Real Estate Board (OMDREB) is staggering:

  • Active Listings: Jumped to 2,395 units, a massive **25.4% increase** from last year and a new all-time record for the month of September.
  • Months of Inventory (MOI): Skyrocketed to **6.1 months**. This is double the long-run average (3.1 months) and well into buyer's market territory (a 4-6 month supply is considered balanced).
  • Sales-to-List Ratio: Current market data from Zolo shows an average selling-to-listing price ratio of **96%**. This means that, on average, homes are selling for 4% *below* their asking price, confirming that negotiations are back on the table.

This inventory glut is confirmed by local market analysis, which shows absorption rates (the ratio of sales to new listings) are sitting between 10.9% and 16.3%. With a rate below 30% signaling a buyer's market, these numbers are a clear sign that supply is overwhelming current demand.

Key Takeaway: With 6.1 months of inventory and homes selling below asking, buyers have significant leverage on price, conditions, and closing flexibility.


A Tale of Three Segments: How Prices Are Changing

This market shift isn't affecting all property types equally. The price corrections are highly segmented.

1. Condos & Apartments: The Deepest Correction

The condo segment is where buyers have the absolute maximum leverage. OMDREB's benchmark price data shows apartments are down a sharp **10.4% year-over-year**, with other local analysis pegging the drop as high as **12.1%**. This is the most significant price correction of any segment as this affordability-driven market feels the pinch of high rates.

2. Detached & Luxury: Resilient but Soft

As one of the GTA's most premium markets, Oakville's detached homes are more resilient but are by no means immune. The benchmark price for single-family homes fell by **7.1% year-over-year**, a significant drop that is opening doors for move-up buyers who were previously priced out. With low absorption rates (13%), sellers in this segment must price competitively to attract attention.

3. Townhomes: The First Sign of a Rebound?

This is the most interesting story this month. While the townhome benchmark price is still down **3.4% year-over-year** (the most resilient segment), market analysis shows a **+3.7% price *jump* month-over-month***.

This suggests that the Bank of Canada's September rate cut (to 2.50%) immediately "activated pent-up demand." Buyers who were on the fence, particularly first-time buyers and downsizers, jumped into the most affordable freehold segment, causing a mini-rebound. This could be the first sign that the price floor in the mid-market is being found.


What This Means for You

For Buyers:

The window of opportunity is wide open, but it's different depending on what you're buying.

  • Condo Buyers: You are in the driver's seat. Negotiate hard.
  • Detached Buyers: You have the best selection you've seen in years. Use this leverage to secure a home with conditions and a fair price.
  • Townhome Buyers: Be decisive. The +3.7% monthly jump shows that competition is returning to this segment *first*. The best deals may be disappearing quickly.

For Sellers:

You must acknowledge the data: you are competing with a record-high number of other listings. Pricing your home 5% too high will mean you are ignored. A 96% sale-to-list ratio means you must price at or very near the most recent comparable sale to get an offer. Presentation and sharp pricing are non-negotiable.

Final Thoughts

Oakville is a clear and deep buyer's market, but the first signs of a rebound in the townhome segment show how quickly sentiment can shift. This is a strategic window to secure a high-value asset without the bidding wars of the past.

Contact us today for a detailed analysis of your specific neighbourhood and to build a strategy that works in this unique market.

Posted in 2025, Oakville
Oct. 22, 2025

Toronto Housing Market News (Oct 22, 2025) | A Buyer's Market vs. A Future Supply Crisis

Published: October 22, 2025

Welcome to your mid-October update on the Greater Toronto Area housing market. This month, the market is defined by a striking paradox: what's happening right now is the complete opposite of what's building for the near future.

Currently, buyers are in the most dominant position we've seen in years, benefiting from lower prices and a surplus of inventory. However, a series of alarming new reports show that new housing construction has ground to a halt, setting the stage for a severe supply crisis in the coming years. This post will break down all the latest reports from TRREB, Royal LePage, Urbanation, and Civic Action.


The Current Landscape: A "Firmly" Buyer's Market

If you are a buyer, the headlines from the past few weeks have been encouraging. The Royal LePage Q3 2025 Home Price Update, released last week, confirms the market is "firmly in favour of buyers." After years of sellers dictating terms, the tables have turned.

This sentiment is backed by the numbers. The Toronto Regional Real Estate Board's (TRREB) September report showed the average selling price in the GTA was **$1,059,377**, a drop of **4.7%** compared to September 2024. The MLS Home Price Index (HPI), which adjusts for the types of homes sold, was down by **5.5%**.

Royal LePage's data paints a similar picture, showing the Q3 aggregate price in the GTA fell **3.5% year-over-year** to $1,114,900. Properties are also spending significantly more time on the market, giving buyers time to think, negotiate, and perform due diligence. This is a stark contrast to the frantic, over-asking sales that defined the past few years.


The Condo Conundrum: A Deep Dive into the Price Gap

The "buyer's market" is most pronounced in the condo sector. Royal LePage's report noted a significant **7.4% year-over-year price drop** for median condos in the GTA, bringing the price to $668,700.

But the real story is the widening chasm between the *resale* condo market and the *new build* (pre-construction) market. A new report from real estate analysis firm Urbanation highlights this disparity. It found that the GTHA new condo market is on track for its worst year for sales in 35 years.

Here’s the key stat: Urbanation found that the average price for unsold units in *newly completed* projects was **$1,199 per square foot**. In sharp contrast, the price for comparable *resale* units in recently completed buildings was just **$867 per square foot**.

Key Takeaway: This massive 38% price gap ($332 per square foot) is why the pre-construction market has frozen. Buyers are unwilling to pay such a high premium when they can get a nearly identical, move-in-ready unit on the resale market for far less.


The Ticking Time Bomb: Housing Construction Grinds to a Halt

While today's buyers enjoy more options and lower prices, a bombshell report released today is warning of a dire future. A new study from Civic Action reveals that new housing construction has effectively stalled across the GTHA.

The report found a shocking imbalance:

  • Active Projects: There are only **481** housing projects actively under construction in the GTHA.
  • Stalled Projects: There are **2,220** projects that are fully approved but are on hold indefinitely due to financial issues and high costs.

This means that for every 12 housing projects that get approved, only one actually has a shovel in the ground. These stalled projects represent over **1.2 million potential homes** that are stuck in limbo. This crisis is confirmed by Urbanation, which reported that 10 condo projects (2,499 units) were cancelled in Q3 alone, bringing the 2025 total to a record high.

As Urbanation's CEO, Shaun Hildebrand, stated, "The lack of activity occurring today will surely lead to a lack of supply in a couple years, helping to restart the engine for the market."


The Economic Factor: All Eyes on the Bank of Canada

This entire situation is unfolding against the backdrop of a new monetary policy. The Bank of Canada's decision in September to cut the overnight rate to 2.50% provided some much-needed psychological relief for buyers and helped create a floor for the market.

All eyes are now on the Bank's next announcement on Wednesday, October 29, 2025. This announcement will include the full Monetary Policy Report, which will provide the Bank's outlook on inflation and economic growth. While many analysts expect a hold, the language in the report will be critical in setting the tone for the rest of the fall and winter market.


What This All Means for You

For Buyers:

This is your moment. You have leverage, choice, and lower prices. The window, however, may be temporary. The September rate cut has already provided a floor. Don't sit on the sidelines waiting for a "crash" that may be offset by the coming supply crisis. This is the time to negotiate hard and lock in a property while you have the power to do so.

For Sellers:

Pricing is not an art right now; it's a science. You *must* be priced correctly against the current resale inventory. You are not competing with the market of 2022; you are competing with the other listings on your street *today*. A sharp price and excellent presentation are the keys to a successful sale in this market.

For Investors:

The long-term story is clear: a massive supply shortage is on the horizon. The current freeze in construction all but guarantees a squeeze on rental supply and resale inventory in 2-3 years. The resale condo market, with its significant discount compared to new builds, presents a clear opportunity for long-term holds.

Final Thoughts

The market is defined by a short-term buyer's gain versus a long-term supply pain. Navigating this complex environment requires a strategy that understands both. Whether you're a buyer looking to seize this opportunity or a seller needing a data-driven pricing strategy, our team is here to help.

Contact us today for a personalized consultation on how to make this complex market work for you.

Posted in 2025, Toronto