February 2026 Market Report
February 2026 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
February is when the market starts to wake up. The initial pause of the new year is behind us, conversations are getting more serious, and we’re seeing early signs of activity from buyers and sellers who are planning ahead for spring.
We’re heading into the rest of 2026 feeling encouraged by the momentum building across the city, and grateful for the trust and conversations we continue to have with so many of you. Whether it’s long-term planning, early prep, or just keeping a close eye on the numbers, this is a month where clarity really matters.
The Toronto market is offering opportunities for those paying attention. Strategy, timing, and preparation are becoming increasingly important as confidence slowly builds.
Here’s your February 2026 Market Update. Let’s keep moving forward with clarity and confidence.
Has Home Ownership In Toronto Become More Affordable?
Since the start of 2024, we’ve seen something Toronto buyers haven’t enjoyed in a while: prices and mortgage rates moving in the right direction at the same time. Average home prices are meaningfully lower than their peak, and mortgage rates have come down from the highs we were dealing with just a couple of years ago.
The average home price has dropped from about $1.06M in 2024 to just under $987K in early 2026, while 5-year fixed mortgage rates have eased from 5.5% down to roughly 4.14%. When those two forces work together, monthly payments shrink in a meaningful way.
Here’s the real-world impact:
A typical monthly mortgage payment has fallen from about $5,190 in January 2024 to roughly $4,212 today. That’s nearly $1,000 per month less than what buyers were facing just two years ago, and about $525/month cheaper than January 2025.
That’s not pocket change. That’s daycare money, investment money, or “still enjoying life while owning a home” money.
Now, we recognize that the cost of living in other areas of life may have increased, but at least the cost of home ownership has improved – a highly debated topic that has been at the top of people’s complaint lists for many recent years!
What We Are Seeing From the Field
At a headline level, the market looks calmer than this time last year. Sales are down, average prices are softer, and the pace feels more measured overall. But zoom in, and the story changes quickly.
In well-priced, well-prepared homes, we’re still seeing, in some cases, multiple offers, bully offers, packed showings, and sales well above the asking price. On the other hand, homes that entered the market without a clear strategy are sitting longer, offer nights come and go, and some listings are quietly being re-listed after missing the mark.
This creates a uniquely opportunistic market. Buyers who are prepared and decisive can find real leverage in quieter segments, while sellers who invest in preparation can still generate strong competition and premium results. In today’s market, strong pricing, preparation, and marketing are what separate Sold from Stalled.
Check out the January year-over-year stats below for more information on the current market.
If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
Vacant Home Tax – Don’t Forget To Declare!
(Yes, We Have To Do This Every Year)
Toronto homeowners, it’s that time of year again! The Vacant Home Tax (VHT) declaration deadline is fast approaching, and even if you live in your home, you still need to file (don’t forget any rental properties)!
Failing to make the declaration by April 30th could result in penalties or even having your home mistakenly classified as vacant, leading to an unexpected tax bill. Yikes!
The tax is now 3% of your current assessed tax value, so if your home was assessed at $800,000 you could be on the hook for $24,000 in tax!
*Keep in mind that MPAC generally uses an assessed value much lower than what your home is actually worth – this info should be on your final tax bill.
Not sure how to complete your declaration? No worries, we’ve got your back! Whether you need a quick rundown on the process or have questions about potential exemptions, reach out anytime, and let’s make sure you avoid any unnecessary surprises.
Help Us, Help Others!
We’re incredibly thankful for the referrals you send our way. They make up a big part of our business. This year, on top of that usual support, we’re aiming to help 12 additional families with buying or selling in Toronto.
If anyone comes to mind who could use some guidance, we’d be honoured by an introduction. We promise to take great care of them (and make you look good ?).
Have a great month!
Chris and Ford
January 2026 Market Report
January 2026 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
Somehow, just like that, we’re stepping into January and welcoming a brand-new year. The holiday glow may be fading, but there’s something energizing about clean calendars, fresh goals, and that unmistakable “new year, new possibilities” feeling.
As we look ahead to 2026, we’re feeling incredibly optimistic. Last year reminded us how powerful community can be. From helping families start new chapters, to welcoming new neighbours, and reconnecting with so many of you at events, open houses, and everyday check-ins. Those moments are what make this work so meaningful, and we’re so grateful to head into another year with such an amazing community around us.
And of course, the Toronto market is already giving us plenty to watch. January brings reflection, strategy, and early opportunities for those thinking ahead. Whether you’re planning a move this year or simply keeping an eye on what’s next, staying informed and intentional will be key.
Here’s your January 2026 Market Update. Let’s kick off the year with clarity, confidence, and a little excitement for what’s ahead.
What Are Your 2026 Real Estate Goals?
A new year is the perfect time to reflect, reset, and look ahead. Whether you love setting goals or prefer to keep things flexible, if real estate is on your mind in 2026, we’re here to help.
Maybe your family is growing and you’re ready for more space.
Maybe the kids have flown the nest and it’s time to right-size.
Maybe you’re dreaming of owning your first home and building equity for your future.
Or maybe you’re curious about investing and creating long-term wealth through real estate.
Whatever stage you’re in, our goal is to make the process clear, strategic, and as stress-free as possible.
Even if your plans are a few years out, we’re always happy to start with a casual, no-obligation conversation so you’re set up for success when the time is right.
Let’s make 2026 a year of smart moves and exciting possibilities.
What We Are Seeing From the Field
Real estate in December tends to take a slower approach. Buyers and Sellers often put their real estate needs on hold, so that they can focus their time with family and friends, while recharging after a busy year.
The TO Group always takes time to reflect on all of the successes and challenges from the year prior. This allows us to improve our services and come back stronger in the new year to support our awesome clients (old and new!).
2025 was an interesting market. Expectations were optimistic out of the gate, however some economic uncertainties created a bit of a roller coaster effect as we moved through the year.
For the month of December, Toronto home sales actually increased compared to December 2024, which was nice to see. However, with more listings on the market, buyers had greater negotiating power, leading to lower selling prices and improved affordability. For the month, new listings increased by 9.4% and the average selling price fell 4.6% to approximately $986K.
Lower prices and easing mortgage rates have helped set the stage for a potential market recovery. As confidence in the economy and job market improves, pent-up demand is expected to drive increased activity in the months ahead.
Check out the December year-over-year stats below for more information on the current market.
If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
We’re Here To Help!
As we head into 2026, here’s one thing we want you to know:
Our work is rooted in service. If someone you know could benefit from clear, honest real estate guidance, please keep us in mind and pass along our info. Friends, family, neighbours, colleagues, etc. We’re always here to help them navigate the market with confidence (and while having a little bit of fun along the way).
And if you’re thinking of making a move in 2026, now’s the perfect time to chat through a plan. A little prep as the new year begins can set you up beautifully for the market.
Wishing you health, happiness, and success in 2026!
Chris and Ford
October 2025 Market Report
October 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
October is here! The leaves are changing, the air’s crisp, and Toronto is settling into fall routines, and pumpkin spice is officially out of hiding. Let’s not forget our beloved Blue Jays return to October Baseball – LET’S GO JAYS!
The real estate market is in full swing too!
Fall is traditionally one of the busiest seasons. Buyers are focused, sellers are motivated, and fresh listings are hitting the market.
It’s a great time to take stock:
Thinking of selling? This is one of the prime windows before the holiday slowdown.
Buying? Inventory typically expands this time of year, giving you more choice.
Just curious? Keeping tabs on your neighbourhood’s market activity can give you a sharper edge when you do decide to move.
And because fall wouldn’t be complete without a little sweetness… let’s just say there may be some pumpkin pie in your future (see below for details!)
Here’s your October 2025 Market Update!
What We Are Seeing From the Field
September gave the Toronto market a bit of a boost. With the Bank of Canada’s recent rate cut, monthly mortgage payments became a little more manageable, and that helped to bring more buyers off the sidelines. Compared to last September, sales jumped 14.1%, even though prices were down about 2.1% year-over-year. Buyers are still enjoying a lot of choice, which means they’ve been able to negotiate in many cases and keep prices in check.
But here’s the twist: not every part of the market feels the same. While condos are moving at a slower pace, in-demand freehold properties are still drawing crowds, and yes, multiple offers are very much still happening in some pockets. Month-to-month, sales ticked up from August while new listings remained steady, which could add a little extra pressure to certain neighbourhoods as we head deeper into the fall market.
The big picture? Buyers are cautiously stepping back in, sellers who price strategically and present well are finding success, and the market continues to be a mix of opportunities and challenges depending on the property type and location. It’s shaping up to be a lively (and competitive) fall season.
Check out the September year-over-year stats below for more information on the current market.
If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
FREE PUMPKIN PIE!
Join Us At Our First Annual Pie Giveaway
We love our amazing clients and our neighbourhood, so we’re saying THANK YOU the sweetest way we know how… with FREE pie!
On Saturday, October 11 at 10am, we’ll be at Greenwood Park giving away *100 free pumpkin pies.
Come by, grab one, and let’s kick off Thanksgiving weekend together!
*first come, first served. Limit 1 pie per family.
Fixed vs. Variable: What’s the Right Mortgage for You?
One of the most common questions we hear is: should I go with a fixed or variable rate mortgage? The truth is, there’s no one-size-fits-all answer. It really comes down to your comfort level and long-term goals.
A fixed rate gives you stability: you’ll know exactly what your payments are for the entire term. That peace of mind is great for budgeting (especially for first-time buyers), and it protects you if rates rise. The trade-off? Fixed rates usually start a bit higher, and if you need to break your mortgage early, penalties can sting.
A variable rate, on the other hand, often starts lower and has historically cost less over the long run. Penalties for breaking early are typically smaller too. But there’s more uncertainty: your payments can change if rates move, and that can be stressful if you’re tight on cash flow.
Right now, fixed rates are sitting close to long-term averages and look pretty attractive, especially 5-year terms for those who want stability. With that said, with the Bank of Canada expected to cut rates again, variable borrowers could see more savings if they’re comfortable riding out short-term bumps.
At the end of the day, it’s about what helps you sleep at night: the predictability of fixed, or the potential savings of variable. If you’re not sure, we can connect you with one of our trusted mortgage brokers to run the numbers for your situation.
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
September 2025 Market Report
September 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
September already? The CNE’s packed up, the kids are back to school, and pumpkin spice is quietly plotting its comeback.
Toronto is shifting gears, from summer patios to fall routines, and the real estate market is doing the same.
The Fall Market is traditionally one of the busiest seasons in Toronto real estate. With buyers focused, sellers motivated, and a fresh wave of listings hitting the market after Labour Day, it’s a prime time to make a move.
Whether you’re settling back into city life, keeping an eye on your neighbourhood’s activity, or thinking about a fall sale, we’ve got you covered.
Here’s your September 2025 Market Update. Your go-to for the latest stats, insights, and trends to help you stay ahead.
What We Are Seeing From the Field
Out in the field this past month, the story has been about choice. August sales were up compared to last year, but new listings climbed even higher, giving buyers the upper hand in negotiations. With average prices sitting 3.6% lower year-over-year, many buyers are taking their time, shopping around, and some securing homes below asking. With that said, the right houses are still attracting eager buyers, and in many cases, multiple offers!
For sellers, this means strategy is key, homes that are well-priced and well-presented are the ones that stand out and sell.
While activity dipped slightly from July, the market is still well-supplied heading into fall. With interest rates holding steady, and whispers of future cuts (possibly even a .25% cut this month), there’s a sense that more buyers could step back in as affordability improves.
In short, it’s a balanced market with opportunities on both sides, and the next few months could be an important window for making a move. The key is knowing how to navigate the market (we can help with that ).
Check out the August year-over-year stats below for more information on the current market.
If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
What Is Bridge Financing (And Why Might You Need It)?
Buying your next home before your current one closes is a common occurrence in real estate, and it’s crucial that you have your ducks in a row, before you pull the trigger.
That’s where bridge financing comes in. It’s a short-term loan that lets you tap into the equity from your existing home so you can put a down payment on your next one, without waiting for the sale to officially close.
Why it matters:
– You can secure your dream home without stressing over matching closing dates (super important if competing for your new home).
– It gives you breathing room to accept the best offer on your current place, even if the dates don’t line up.
– Extra flexibility: move in gradually, do a few renos, or skip the hassle of temporary housing and storage.
How it works:
Once your current home is sold (firm deal in place), your lender can set up a bridge loan that gets paid back when your sale closes. Most lenders offer them, but the key is that your mortgage is usually with the same lender.
A pro tip:
If possible, negotiate a longer closing date on your purchase. Lenders often need at least 15 business days between your sale and purchase closing dates to make the bridge financing process smooth and stress-free.
What does it cost?
Bridge loans are short-term (usually 30–90 days), with interest rates a bit higher than your mortgage (typically 2–4% above prime) and sometimes a flat admin fee ($200–$500). The good news? Since they’re short-lived, costs usually stay manageable.
Part of our job is making sure you’re set up for success. It’s the little details that can easily get missed without the right guidance, and that’s where we come in. With our experience and network of trusted professionals, we’ll help make your next move as smooth as possible. Have questions? Just reach out, we’re here to help!
COMING SOON!
The Fall market is starting off with a bang and we’re very excited to share that we’ve got three awesome new listings hitting the market this month!
A super-cool loft in the heart of King West with a huge private terrace and CN tower views, a wide and character-filled Beaches semi with tons of potential, and a Leslieville detached beauty, steps to Greenwood Park that checks all the boxes.
If one of these sounds like it could be your next move (or you know someone who’s looking), let’s chat! These gems won’t last long!
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
