Author: Sushil Bhardwaj Broker

GTA condo sales saw an 8.8% increase in Q2 2026, while both new and active listings declined by 19.0% and 15.4%. With the average price dropping 7.5% to $634,972, we’re seeing improved affordability that’s encouraging more buyers to take action. This uptick in activity could help stabilize prices as we head into 2027. If you’re considering your next move—whether buying your first condo, making a change, or exploring investment opportunities in Ajax or the Durham Region—it’s important to have clear, honest guidance tailored to your goals. I’m here to help you navigate the shifting market with confidence and make your real estate journey as smooth and rewarding as possible.

It’s been an impressive summer for low-rise new home sales across the Greater Toronto Area, with July marking the fourth straight month above the 10-year average—thanks in large part to strong demand for the HST rebate program. In July alone, there were 1,018 sales, and single-family homes stood out, coming in 50% above the average. Condo sales also saw a notable boost, up 40% compared to last year. As someone who helps clients navigate every stage of buying, selling, or investing in Ajax and Durham, I know how incentives like the HST rebate can create real opportunities in our market. It’s all about making confident, informed decisions and finding the right fit for your goals—whether you’re moving up, downsizing, or growing your investment portfolio.

August brought a noticeable shift in the Central Lakes real estate market, with home sales slowing across all six regions and a total of 1,150 properties sold. Here in Durham, we continued to see strong activity, leading in sales volume, though prices edged lower. Meanwhile, Hastings and Peterborough experienced price increases, while Northumberland maintained steady sales with higher prices. Kawartha Lakes and Prince Edward County saw fewer transactions overall. As someone who is truly invested in guiding clients through every market change—whether you’re making your first move, investing, or looking for the right time to sell—I believe in keeping you informed so you can make confident decisions. My goal is always to provide honest insights and a personalized approach, making your real estate journey as smooth and stress-free as possible.

Looking ahead at Ontario’s housing market for 2026, we’re seeing some noteworthy shifts that could work in your favour. Sales have dipped by 1.3%, and new listings are down 10.8%, leading to a drop in home prices of 3.6% to 6.9%. This is opening up new possibilities for buyers and improving affordability across the province. Inventory is well-balanced at 4.5 months, and with rents also down by 4.5%, buyers are finding themselves with more room to negotiate and make informed choices. As someone deeply rooted in the Ajax and Durham Region real estate community, I’m committed to guiding you through these changes with honest advice and a focus on making your experience as smooth and successful as possible—no matter your real estate goals.

Recent research from the Bank of Canada highlights something I often see in our local market: when interest rates drop, housing demand tends to surge right away—but the number of homes available doesn’t catch up for about two years. While lower rates can make borrowing look attractive, they also drive up prices, and the costs to build new homes remain high. This means that simply lowering rates doesn’t actually make it easier for families to find affordable options. As someone dedicated to helping clients navigate every twist and turn in the Durham Region real estate landscape, I believe it’s important to look beyond just the headline numbers and really understand how these shifts could impact your plans. My goal is always to guide you with honest advice and local insight, so you can make informed decisions, no matter what the market is doing.

The latest numbers for the GTA highlight how impactful the HST rebate has been for single-family new home sales—sales tripled in July, reaching 781 units. This surge came alongside an 8.5% drop in single-family prices to $1.36M, making these homes more accessible for many buyers. Condo sales saw a modest increase but are still trailing, with prices up 2.5% to $1.05M. Overall inventory now sits at 18,546 units. As someone who works closely with buyers and sellers across Ajax and Durham Region, I know how important it is to stay informed about these trends. Honest advice and strong market insight are key to navigating opportunities like this, whether you’re searching for your first home, upgrading, or considering an investment.