Alex and Harry  Melconian

Alex and Harry Melconian

Sales Representative

Royal LePage Signature Realty, Brokerage *

Mobile:
647.887.7995
Office:
416-443-0300
Email Me

Blog

Market Update: A Slow Start, Strategic Opportunities

 
 

The Toronto Home Show is Back next month March 6–15 at the Enercare Centre in Toronto — North America’s biggest home, design, renovation and garden showcase with more than 500 exhibitors ready to spark ideas for every space. 

 

Click the link under Exclusive Listings to request a pair of tickets!

 

It’s been a cold start to 2026 and the GTA real estate market is feeling it too.

 

January snapshot

3,082 sales, down 19.3% year over year

Active listings up 8.1% to 17,975

5.8 months of inventory, signaling more buyer-friendly conditions

 

Average price:...

Market Update – Year-End Trends & What’s Ahead

Buy a Condo For Christmas!

Property Auction Alert

Tuesday December 16th 5:00pm

Brand New Condos at Sheppard & Warden 

Bidding starts at $95,000

Register for Details Here

 

As we head into the holiday season, the GTA market is wrapping up the year with a cooler pace — but also some early signs of momentum building beneath the surface.

 

November Snapshot

5,010 home salesdown 15.8% from last year

Active listings: 24,549 — up 16.8%

Average price: $1,039,458down 6.4% YoY
With more inventory and softer...

Market Update – Fall Brings Balance (and Opportunity)

 
 

 

Condos For Auction!

Fall is here —the days are shorter, but the real estate horizon is brightening for buyers.

 

 Property Auction Alert

Tuesday November 11th 6:00pm

Brand New Condos at Sheppard & Warden 

Bidding starts at $95,000

 Register for Details Here

 

 

 Market Snapshot – October 2025

 

6,138 homes sold – down 9.5% from last year

Average price: $1,054,372 – down 7.2% YoY

Active listings: 27,808 – up 17.2%

Months of inventory: 4.5 → a balanced market ️

 

With more listings and softer prices, buyers today are enjoying more selection and...

Market Update – More Listings, More Choice for Buyers 

 
 

 

Get Ready for Fall

I hope you had a chance to recharge this summer . With kids heading back to school  and cooler days setting in , the Toronto housing market has been just as active as the season’s change.

 

 August Market Snapshot (2025)

5,211 homes sold – up 2.3% vs. August 2024

27,495 new listings – up 22.4% YoY = more choice for buyers ️

Average price: $1,022,143 – down 5.2% YoY

Inventory: Over 5 months’ supply → firmly a buyer’s market 

 Condo Market Check-In

1,400–1,500 condo sales per month (steady activity)

Prices down 4.2% YoY due to record new...

Market Update - Housing market heats up

 

 

 

 

Get Ready for Fall

The GTA housing market is heating up—and not just because of the weather. July 2025 saw the best home sales numbers since 2021, with sales outpacing new listings and showing signs of a modest market tightening.

 

Lower home prices and borrowing costs are giving more households a chance to make their move, and the results are showing.

 

 July Market Snapshot

6,100 homes sold – up 10.9% from July 2024

30,215 active listings – up 26.2% year-over-year

4.95 months of inventory – edging toward a seller’s market (<5 months is the...

Market Update –

 

 

 

 

 Spring Has Sprung — And So Has the Market!

 

Spring has finally settled in, and with it comes a much-needed dose of sunshine ️ and renewed real estate activity. April saw an uptick in home sales compared to March, but overall activity in the Greater Toronto Area (GTA) still lags behind last year. Many buyers remain on the sidelines, waiting for lower interest rates and greater economic stability .

 

One wildcard to watch: Canada’s evolving trade relationship with the U.S. following the recent federal election. A positive shift could boost...

The Toronto Real Estate Market: How Tariffs Are Shaping the Future

The Toronto real estate market has long been a focal point of discussion, with rising prices, supply shortages, and fluctuating interest rates shaping the landscape. However, another key factor that has quietly influenced the housing market in recent years is the implementation of tariffs. While tariffs are typically associated with international trade and manufacturing, their effects trickle down to housing in significant ways, impacting construction costs, affordability, and long-term investment prospects. ️

The Impact of Tariffs on Housing Costs

Tariffs on building materials,...

Market Update – Toronto Home Sales Comeback

 

 
 

 

 

️Brrr, it’s chilly out there! ️ January has come and gone, and we’re already

more than halfway through winter—where does the time go?

 

 

Here’s the latest on the Toronto real estate market:

 

 

Home Sales on the Rise in 2025

TRREB predicts 76,000 home sales this year—a 12.4% jump over 2024! Lower borrowing costs and increased supply are making it easier for buyers to jump into the market.

 

January Market Snapshot

 

  • 3,847 homes sold—down 7.9% YoY, but up from December.

  • Average price: $1,040,994 (+1.5% YoY).

  • Inventory: 4.5 months—nearing...

It’s not an affordability crisis, it’s a cost-of-delivery crisis

The housing industry knows this story all too well: prices are soaring and demand (until recently) has been relentless yet projects are stalling. The blame often falls on high land values or developer greed, but the real culprit is clear to anyone in the sector—it’s the staggering cost of delivering new homes.

The numbers are sobering. The Canada Mortgage and Housing Corporation (CMHC) says that we need to build 5.8 million new homes by 2030 to restore affordability to 2004 levels. If successful, that would mean that a newly built 1,000-square-foot, two-bedroom condo in downtown Vancouver...

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