April 2026

Welcome back.

At the moment there are 752 homes and condo's for sale and 342 for lease.  A year ago those numbers were 1,395 and 751 respectively.  As for April sales there were 167 homes and condos change hands and 275 leases.  Those numbers are down from April 2025's 213 and 415, respectively.  Percentage wise they are down 27% and 50%.

April saw some upward momentum in both price year over year for certain housing categories.  Detached 2-storey homes averaged $2,142,384 a 7% increase.  Split level homes averaged $1,693,000 up 18%.  While freehold townhomes averaged $1,119,136  2% up.   Also a few properties had multiple offers.  In some of those instances it occurred as a result of the sellers lowering their asking prices to a level which would entice interest buyers to put pen to paper and make an offer.  Still a good sign that buyers are back,  and warmer weather is almost upon us as well which will spur on more house hunting activity.

Those housing types that didn't fare as well year over year were as follows;  bungalows averaged $1,272,818 down 6%.  Semi-detached homes averaged $1,137,200 down 4%.  Linked homes averaged $1,325,500 down 1.5%.  And stacked townhomes and condo apartments averaged $611,200 and $504,333 or, down 24% and 12% respectively.

There is still lots of economic chaos in the world which is causing a lot of families to hold off on their moving plans or, even shelve them altogether.  Also interest rates may have bottomed out with no recent rate change, and there is even talk of them perhaps rising in future months which may cause further angst.

Sadly it doesn't look like the war in Iran will be ending soon.

March 2026

Spring has arrived and so has more interest in the market with the start of more traffic to open houses...

As well we have see an uptick in number of sales and leases year over year with 198 sales and 413 leased properties this March.  Up from 179 and 340, respectively.   And while prices were overall down in most of the housing categories it was not by much.  The average price for a detached 2-storey home dropped less than 5% to $1,943,343 remaining close to the two million dollar mark.

The average sale price for a bungalow was $1,451,538, up slightly by 2%. 

Also positive is the likelihood that the liberal party will obtain a majority government.  We will know the results in a few days.  This will give our government more weight in dealing with international affairs. 

The fact that Canada is becoming less dependent on the U S A and is exploring more trade options with other countries bodes well for our future.

The current ceasefire on the war in Iran which the U S A initiated has created some temporary relief and hope in the world.  We shall see how it all unfolds.  Here's hoping sound leadership prevails in the end.

February 2026

Like last year at this time both sales and leases took longer to complete.  And they still do.  The frigid temperatures did not help increase showing traffic.

The rental market had 290 leases down from 307 a year ago ranging in price from below $1,000 a month for a small basement apartment ( of which there were several this month) to $15,000 a month for a luxury home in the Morrison area of Southeast Oakville

The luxury segment took somewhat of a pause as well with only 14 properties out of the months 150 sales exceeding the two million dollar mark.

The average price of a detached 2-storey home was $1,995,571 down 12% from a year ago with 49 homes changing hands.   Bungalow style homes average sale price was $1,236,667 down 37% with 6 sales.

Other styles of housing results were as follows;

Condo apartments came in at $573,583 Condo THs $801,800 Freehold THs $1,420,555 and semi-detached averaged $1,037,100.  A bright spot was both the condo and freehold THs were up year over year.

There were no link home sales and stacked THs came in at $592,500.

The tariff saga still remains unresolved and now we await to see what repercussions may be from the recent US attack on Iran.   There has been positive press releases, so we shall see.

Expect to see more activity as the weather improves as more buyers and sellers get on with their plans and enter the market.

December 2025

Happy New Year!  Heres to better tariff relations with the U S A and to more interest rate cuts.

Typical of December trading volumes were low and that included leasing activity as well.

Case in point there was only one property leased during the month, a detached 2-storey in Falgarwood that previously had rented for $400 a month more only 18 months ago and now leased for $3,900/mth. That's a 10% reduction.  And there is still a lot of choice with 717 homes and condos available to lease.

For sale activity was also extremely low with 128 properties selling compared to 201 a year ago.   There is also plenty of inventory to choose from with 705 properties available for sale.

Here's how the year over year numbers look;

                                                      2024                                 2025                  % change

Detached 2-storey                    $2,310,340                        $1,719,294               - 34

Bungalows                               $1,505,875                        $1,463,000                - 3

Split Level Homes                   $1,385,750                        $1,455,000                + 5

Linked Homes                         $1,059,000                              

Semi-detached                         $1,040,667                         $1,084,000               + 4

Freehold THs                           $1,184,026                         $1,374,909               + 16

Condo THs                               $841,571                            $674,250                  - 25

Stacked THs                             $644,000                            $647,500                  + 1/2

Condo Apartments.                  $666,294                            $576,944                   - 11

The average Freehold TH sale would have been about $200,000 less if you backed out the two downtown new development sales which sold for over $8mm combined.  

November 2025's 211 sales was substantially higher than this December and better than November 2024 141 homes and condos sales.

It appears that selling prices have pretty much bottomed and I expect sales will begin to pick-up by mid-month as buyers decide to go forward with their housing plans and needs.  

It is definitely nice to not have to compete for most homes.