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Cision Canada
14 hours ago
- Business
- Cision Canada
Your next-door neighbour's messy yard might be a real deal breaker for your sale
Data shows prospective homebuyers are judging listings well before they step inside—with curb appeal and neighbourhood upkeep ranking higher than interior flaws 51 per cent of Canadians said that neighbouring homes in poor condition would be a deal breaker when shopping for a home, with 18 per cent ranking it as the top deal breaker 41 per cent of Canadians said lack of curb appeal would be a deal breaker in the home-buying process TORONTO, Aug. 12, 2025 /CNW/ -- When it comes to buying a home, what's on the outside might matter more than what's within for some Canadians, according to a recent Leger survey commissioned by REMAX Canada. The data indicates that the look of neighboring properties is key with 18 per cent of Canadians saying neighbouring homes in poor condition would be their number one deal breaker. Rounding out the top five deal breakers identified in the survey are: Lack of curb appeal (41 per cent) Room sizes smaller than they appeared in marketing photos (40 per cent) Too much competition from other buyers (36 per cent) The home being too close to bars, restaurants and stores (28 per cent) "While the home is the ultimate goal for buyers, the neighbouring properties and surrounding community often say a lot about what life might be like there for you, as a resident," says Don Kottick, President of REMAX Canada. "Not all homebuyers are able or willing to see past a rough exterior to find properties with potential, and something like an unkempt streetscape could be their sign to keep on walking." Notably, other common turn-offs for buyers include cluttered or untidy homes from sellers during showings (27 per cent), unhelpful real estate agents (18 per cent), and sellers being present during showings (11 per cent). "Market conditions are shifting in many markets. Buyers have more inventory to choose from and more time to shop, make decisions, and see what else is out there," says Kottick. "When we talk about sellers adapting to current conditions, we're not just referring to price adjustment. Sellers should be mindful of every detail of their property, including the ones that they can't control — like the neighbour's front lawn. As we gear up for the looming fall market, working with an experienced listing agent is so critical, because sellers only have one chance to make the right first impression." Practical tips for sellers looking to make their property stand out include clean landscaping, fresh paint, and proper outdoor lighting to draw buyers' eyes to your home's strengths. Planting hedges or adding greenery can block unsightly views and create a more private, appealing atmosphere. In some cases, maintaining a neighbour's lawn—mowing or watering—can improve overall curb appeal. Proper communication is key in getting neighbours to help out with a sale. Often, just having a respectful conversation can lead to small compromises that make a big difference. Having a hands-on agent to guide you through these challenges and offer creative solutions can make a big difference when dealing with difficult neighbours. It's all about keeping the buyer's focus on what makes your home shine. Of course, there are many things that are within the seller's control. If you're looking for tips to boost your home's curb appeal, you can read REMAX's recent blog post: Boosting Your Home's Curb Appeal for a Summer Sale About Leger Leger is the largest Canadian-owned full-service market research firm. An online survey of 1,510 Canadians was completed between March 19-24, 2025, using Leger's online panel. Leger's online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20. About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in over 9,000 offices with a presence in more than 110 countries and territories. REMAX Canada refers to REMAX Canada, Inc., which is an affiliate of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit For the latest news from REMAX Canada, please visit Forward looking statements This report includes "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include statements regarding housing market conditions and the Company's results of operations, performance and growth. Forward-looking statements should not be read as guarantees of future performance or results. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include (1) the global COVID-19 pandemic, which has impacted the Company and continues to pose significant and widespread risks to the Company's business, the Company's ability to successfully close the anticipated reacquisition and to integrate the reacquired regions into its business, (3) changes in the real estate market or interest rates and availability of financing, (4) changes in business and economic activity in general, (5) the Company's ability to attract and retain quality franchisees, (6) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (7) changes in laws and regulations, (8) the Company's ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (9) the Company's ability to implement its technology initiatives, and (10) fluctuations in foreign currency exchange rates, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at and on the SEC website at Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
Toronto Sun
01-08-2025
- Business
- Toronto Sun
Up-and-coming neighbourhoods
Downtown Markham has a new York University campus, rising condominium developments and improved transit. CITY OF MARKHAM Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Transit and diversity boost appeal and affordability This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Three-quarters of Canadians have made compromises to live where they do but that hardly means they're dissatisfied. In fact, four in five would recommend their neighbourhood as a great place to live, according to Best Places to Buy in 2025: RE/MAX Next Neighbourhoods Report. 'Liveability is important to Canadians and many buyers know what they're willing to compromise on in order to get more on their must-have list,' says Don Kottick, president of REMAX Canada. 'Every market has something for everyone but not all things. Compromise has always been part of the buying process, which includes managing expectations and setting realistic goals.' According to an Angus Reid survey commissioned by REMAX Canada, 37 per cent of Canadians valued affordability as a top factor in choosing their neighbourhoods, down from 44 per cent in a similar 2024 survey. Affordability is followed closely by proximity to amenities such as restaurants, shopping and grocery stores (36 per cent) and convenient access to public transit (31 per cent). This advertisement has not loaded yet, but your article continues below. The survey also found Canadians want to spend more times in their neighbourhoods: Shopping at local stores (58 per cent) Dining out (52 per cent) Socializing with friends, family and neighbours (43 per cent) The Greater Toronto Area (GTA) is experiencing population growth over three per cent annually and significant infrastructure investments – particularly in transportation – are leading to improved neighbourhood quality across traditionally undervalued urban and suburban areas, according to the Next Neighbourhoods Report. 'Canada's urban population is growing at an astonishing pace. Municipalities need to work with their provincial and federal counterparts to increase transit and housing infrastructure – which is already happening in some pockets of the Greater Toronto and Greater Vancouver Areas,' says Kottick. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'New transportation links, often developed alongside housing, are transforming once overlooked and undervalued neighbourhoods into magnets for buyers seeking shorter commute times while achieving better affordability. Expanding access strengthens connectivity in community and creates excellent potential for long-term liveability and value.' Based on the criteria of affordability, quality of life and a buyer's return on investment, two types of emerging neighbourhoods surfaced: up-and-coming communities seeing advanced development, and regions that have traditionally been undervalued due to a lack of transportation access and misconceptions. As governments at all levels invest in infrastructure and community revitalization, most Canadians said they feel those policies bring added benefits to their communities, with more businesses (88 per cent) and restaurants (87 per cent) having the greatest impact. New infrastructure, especially transit development, ranks lower at 41 per cent, but arguably has the biggest impact on the emergence of a 'next neighbourhood,' RE/MAX notes. This advertisement has not loaded yet, but your article continues below. As population increases, governments have begun investing in transit infrastructure – oftentimes a precursor to new businesses flocking to communities and facilitating 'the next great neighbourhood. 'Communities often experience transit development before and alongside new residential housing. In Ontario, we've seen rapid housing developments labeled Transit-Oriented Communities hugging the new Ontario Line actively under construction,' says Kottick. Hidden gems The Best Places to Buy in 2025: REMAX Next Neighbourhoods Report lists the following as 'hidden gems' across the Greater Toronto Area and why: Clairlea-Birchmount in Toronto has grown in popularity for its blend of urban and suburban living, transit access, and diverse neighbourhoods that appeal to young professionals and families. Its proximity to Taylor Creek Park adds ample green space. This advertisement has not loaded yet, but your article continues below. Average house price: $932,014 Wexford-Maryvale in Toronto is a family-friendly neighbourhood offering a cozy, suburban feel with quick access to the Don Valley Parkway and Hwy. 401. Just minutes from downtown Toronto, it features mostly low-rise, one- to two-storey homes and brick bungalows. Average house price: $1.071 million Crown Point in west Hamilton is a diverse, mostly residential neighbourhood with affordable, owner-occupied detached homes featuring finished basements and backyards. It offers easy highway access, schools, amenities and a trendy yet exclusive feel close to work hubs. Average house price: $570,000 Aldershot South on Burlington Bay's west end offers easy highway and GO Transit access, a mix of housing, and plentiful parks, green spaces and waterfront views. It's growing into a vibrant, well-connected community without heavy traffic. This advertisement has not loaded yet, but your article continues below. Average house price: $899,000 Downtown Markham has a new York University campus, rising condominium developments and improved transit. This growing hub offers restaurants, activities and cultural attractions. Average house price: $660,000 to $1.625 million Seaton is a rapidly developing, master-planned community in Pickering and is gaining attention for its strategic location and infrastructure. Average house price: $1.013 million Don Mills-Victoria Village in Toronto has been shaped by the Eglinton Crosstown, among many other east-end communities, improving downtown access. They offer top arts schools; larger, more affordable homes than Don Mills/Leaside; and spacious lots with post-Second World War heritage. This advertisement has not loaded yet, but your article continues below. Average house price: $1.126 million 'Unexpected' neighbourhood gems Unique neighbourhoods have historically been undervalued due to unfair misconceptions or for being 'too far away' from the city centre, according to The Best Places to Buy in 2025: REMAX Next Neighbourhoods Report. These communities are often well established but overlooked compared to neighbouring catchments. Scarborough remains one of the 'most undervalued' areas in the Greater Toronto Area. For decades, many have harboured misconceptions about the community due to a variety of outdated biases. However, it's incredibly safe, has a diversity of housing stock and many positive attributes, including a renowned performing arts school with students coming from across the city to attend, according to the report. Other unexpected neighbourhood gems: East York, particularly pockets around Birchmount, Victoria Park, Warden and Wexford, and Hamilton. Toronto & GTA Columnists Canada World Sunshine Girls
CTV News
24-07-2025
- Business
- CTV News
These are the ‘hot pocket' Toronto neighbourhoods that have seen home prices rise despite the tepid market
Real estate sale signage is shown on a street in Oakville, Ont., west of Toronto, on November 7, 2024. THE CANADIAN PRESS/Richard Buchan Toronto and other large real estate markets in the country are seeing a rebound in demand and price growth for detached homes as signs of the 'much-anticipated spring market materialized' last month, according to a new report from REMAX Canada. 'After a prolonged period of uncertainty, we're starting to see slow but building momentum in Canada's largest real estate markets,' Don Kottick, the president of REMAX Canada, said in a news release. 'Buyers who have been sitting on the sidelines for months, prepared and ready to pounce, are finally starting to make their moves.' The 2025 Hot Pocket Communities Report analyzed sales data from 83 communities in the Greater Toronto Area, the Greater Vancouver Area and B.C.'s Fraser Valley between Jan. 1 and June 30. The 416 area code in Toronto 'led in rebounding momentum,' with just over 34 per cent of neighbourhoods seeing 'stable or growing activity' in the detached home segment, the report found. While the report noted that 'most markets remain slightly off year-ago price levels,' it said that there are a number of pockets where median prices were up compared to 2024. One pocket in west end Toronto, which encompasses Rockcliffe-Smythe, Keelesdale-Eglinton West, Caledonia-Fairbank, Corso Italia-Davenport and Weston-Pelham Park, saw a 6.2 per cent increase in the median price compared to last year ($1,102,706 versus $1,038,548). Another pocket which encompasses luxury properties in the Bridle Path-Sunnybrook-York Mills and St. Andrew-Windfields neighbourhoods saw a 11.5 per cent increase in median prices to more than $4.6 million. There were more modest price gains in a handful of east Toronto neighbourhoods, including the South Riverdale, Greenwood-Coxwell, Blake-Jones, and North Riverdale corridors where REMAX said that the median price is up 1.7 per cent compared to this time in 2024. The latest data from the Toronto Region Real Estate Board released earlier this month suggested that the average selling price across the GTA fell 5.4 per cent in June compared with a year earlier to $1,101,691. For REMAX's full list of the Toronto neighbourhoods where median prices have risen over the last year follow this link. 'Limited inventory levels in key areas of Greater Vancouver and Toronto proper — especially at affordable price points — are supporting price appreciation in the detached home category,' the REMAX report noted. 'Greater Vancouver took the lead with 29.4 per cent (5/17) of communities noting an upswing in median price, and 22.8 per cent of 416 markets seeing the same.' Key neighbourhoods in Toronto that led the way for percentage increases in sales included Yonge-St. Clair, Casa Loma, Wychwood, and the Annex, which were up 31.1 per cent. In the eastern part of the city, five markets saw sales rise or hold steady, including the Beaches, Woodbine Corridor, East-End Danforth, which were up 27 per cent. In the west end, three markets saw sales on par or ahead of year-ago levels, including South Parkdale, Roncesvalles, and High Park-Swansea. In the GTA, the report notes, homes priced between $850,000 and $1.2 million in 'key microcosms' are moving quickly, the report noted. Overall housing sales in the GTA have declined year-over-year, the report added, but demand for detached houses continues to 'bolster the market.' Approximately half of total sales are in this segment, according to REMAX. 'First-time buyers have been driving detached sales in recent weeks, spurred by the increase in May's average price, with many realizing that as detached property values rise, the window of opportunity is closing,' the report read. 'Interest appears to be piquing with more listing views, more showings, and more offers. However, the buyer mindset has two settings — deal or no deal. They're prepared to walk if the seller is unreasonable. Sellers, on the other hand are prepared to hold firm or, in more dire circumstances, end up setting new benchmarks for prices in their neighbourhood.' While 'pent-up demand' appears to be contained now, the report stated, one or two more interest rate cuts could work to 'really stimulate activity.' 'Price, quality, time—consumers are often told to pick two, because it's very rare to realize all three. In real estate, it's the perfect trifecta. This may be one of the very rare windows of opportunity where active buyers could now reap the benefits of all three,' Kottick said. 'It's an anomalous event from a historical real estate perspective to have ideal conditions in each these pivotal variables. It's not only rare; it's fleeting. As rebounding home sales gain momentum, the alignment will inevitably shift.'
Malaysian Reserve
24-07-2025
- Business
- Malaysian Reserve
Detached housing values at Greater Vancouver's and Toronto's most affordable price points edge upward as buyers cautiously return to inventory-rich markets, says REMAX Canada
Buyers tired of waiting for the 'right time' to buy TORONTO, July 24, 2025 /CNW/ — Signs of the much-anticipated spring market finally materialized in June as greater inventory and softer overall values reinvigorated buyer intentions and bolstered demand for detached housing in the Greater Toronto Area (GTA), Greater Vancouver and the Fraser Valley, according to a report released today by REMAX Canada. REMAX Canada's 2025 Hot Pocket Communities Report examined 83 markets across the Greater Toronto Area, Greater Vancouver and the Fraser Valley, between January 1 and June 30, 2025, and found that almost 23 per cent of markets (19/83) reported detached housing sales on par or ahead of year-ago levels in the first half of the year, while just over 19 per cent reported an upswing in values (16/83). In terms of sales during the six-month time-frame, the Greater Toronto Area's 416 area code led in rebounding momentum, with just over 34.2 per cent of Toronto 416 neighbourhoods experiencing stable or growing activity in the detached home segment — ahead of the GTA's more suburban 905 area code. Likewise, Greater Vancouver experienced a sales uptick of just over 29 per cent — outperforming Fraser Valley markets. Limited inventory levels in key areas of Greater Vancouver and Toronto proper — especially at affordable price points — are supporting price appreciation in the detached home category. Greater Vancouver took the lead with 29.4 per cent (5/17) of communities noting an upswing in median price, and 22.8 per cent of 416 markets seeing the same. Top Five Detached Housing Markets: Percentage Increase in Sales Area Neighbourhoods within the district Percentage Increase W01 (GTA) South Parkdale, Roncesvalles, High Park-Swansea 56.5 % C02 (GTA) Yonge-St. Clair, Casa Loma, Wychwood, Annex 31.3 % Port Moody/Belcarra (GV) 31.0 % E02 (GTA) The Beaches, Woodbine Corridor, East-End Danforth 27.0 % W02 (GTA) High Park North, Junction Area, Runnymede-Bloor West Village, Lambton-Baby Point,Dovercourt-Wallace, Emerson Junction 25.9 % Source: Greater Vancouver Realtors, the Fraser Valley Real Estate Board and Toronto Regional Real Estate Board 'After a prolonged period of uncertainty, we're starting to see slow but building momentum in Canada's largest real estate markets,' says Don Kottick, President, REMAX Canada. 'Buyers who have been sitting on the sidelines for months, prepared and ready to pounce, are finally starting to make their moves. Life moves forward and eventually, necessity dictates action. As a result, there has been a greater number of sales with 'subject-to-sale' clauses — especially in the Greater Vancouver and Fraser Valley markets — that provide a safety net for buyers. Sellers are more accommodating as well, often willing to work with buyers to achieve a sale. Timing is crucial, as buyers are well informed, and markets appear to have bottomed out.' To illustrate, detached home sales in the GTA fell to 13,991 in the first half of the year, according to Toronto Regional Real Estate Board data — the lowest level on record in more than a decade and nearly 34 per cent below the 10-year average. Still, the detached category remains the frontrunner in terms of percentage of overall sales year-to-date, representing the lion's share of activity at 45.2 per cent of total residential sales in the first six months of the year. In Greater Vancouver, local board data shows detached home sales at 3,273 for the first six months of 2025 — the lowest level in 10 years and 39 per cent below the 10-year average. Market share for the detached housing segment in Greater Vancouver has slowly declined since 2021, falling to its lowest level in the first half of this year at 27.3 per cent. At its highest point in 2016, detached homes represented 40.1 per cent of total residential sales in Greater Vancouver. Growing urgency for affordable homes in Toronto was identified by REMAX Canada as a major driver in recent weeks, with many buyers in the $850,000 to $1.2 million price range worried that the window of opportunity is already starting to close. 'In fact, certain microcosms cropping up within Toronto markets — including hot pocket communities such as Leaside, East York, Riverdale, Trinity-Bellwoods, Davisville and Little Italy — are consistently experiencing healthy demand for detached homes,' says Tim Syrianos, Broker, REMAX Ultimate Realty Inc. and REMAX Condos Plus. 'And while many of those properties will sell in multiple offers, make no mistake — today's buyers are laser focused on value and will walk away from properties if sellers are unreasonable.' Hot Pockets for Detached Home Sales Key 416 neighbourhoods led the way in terms of percentage increases in sales, including central core communities Yonge-St. Clair, Casa Loma, Wychwood, Annex (C02) up 31.3 per cent (63 sales in 2025 compared to 48 sales in 2024); and Mount Pleasant East, Mount Pleasant West (C10) up 6.7 per cent (48/45). Two central areas remained on par year-over-year — Banbury-Don Mills, Victoria Village, Parkwoods-Donalda (C13) (89 sales in 2025 and 89 in 2024) and Waterfront Communities, Moss Park, Cabbagetown-South, St. James Town, Church-Yonge Corridor, and Regent Park (C08) (3/3). Five markets in the eastern district saw sales rise or hold steady, including the Beaches, Woodbine Corridor, East-End Danforth (E02) up 27 per cent (113/89); Highland Creek, West Hill, Centennial, Scarborough Rouge (E10) climbed 15.6 per cent (178/154); Oakridge, Birchcliffe-Cliffside (E06) up 1.9 per cent (109/107); Eglinton East, Scarborough Village, Cliffcrest, and Guildwood (E08) up 1.9 per cent (110/108); and Milliken, Agincourt North, Agincourt South, Malvern West (E07) on par (89/89). Three markets in the west end reported sales on par or ahead of year-ago levels, including South Parkdale, Roncesvalles, and High Park-Swansea (W01) up 56.6 per cent (72/46); High Park North, Junction Area, Runnymede-Bloor West Village, Lambton-Baby Point, Dovercourt-Wallace and Emerson-Junction (W02) up 25.9 per cent (136/108); and Kingsview Village, the Westway, Humber Heights, Willowridge-Martingrove and Riverview (W09) up 2.1 per cent (99/97). Sales in the 905 were more tempered, with Brock and Pickering being the only communities reporting an increase over year-to-date 2024 levels. Sales were up 1.4 per cent in Brock (71/70) and 0.6 per cent in Pickering (321/319). In Greater Vancouver, detached sales in the first six months of 2025 rose in Port Moody/Belcarra, up 31 per cent (76/58); the Gulf Islands rose 22.2 per cent (22/18); Bowen Island climbed 11.5 per cent (22/18); Squamish increased 4.5 per cent (93/89); and the Sunshine Coast registered a 5.8 per cent uptick (236/223). Meanwhile, no gains were reported in the Fraser Valley. Top Five Detached Housing Markets: Percentage Increase in Values Area Neighbourhoods within the district Percentage Increase Whistler/Pemberton (GV)* 12.1 % C12 (GTA) Bridle Path-Sunnybrook-York Mills, St. Andrew-Windfields 11.5 % Bowen Island (GV)* 9.1 % Squamish (GV)* 7.6 % W03 (GTA) Rockcliffe-Smythe, Keelesdale-Eglinton West, Caledonia-Fairbank, Corso Italia-Davenport, Weston-Pelham Park 6.2 % Source: Greater Vancouver Realtors, Toronto Regional Real Estate Board, and the Fraser Valley Real Estate Board *Median Values 'Buyers are cautiously re-entering detached housing markets, taking advantage of more balanced market conditions, especially at affordable price points,' explains Tim Hill, of Tim Hill and Associates, REMAX All Points Realty. 'Most are young professionals who have spent years saving for a downpayment and are well-positioned to now move forward with their purchase plans.' Hot Pockets for Detached Home Price Growth While there has been an upswing in values in key areas, most markets remain slightly off year-ago price levels for the same period. 'The uptick in demand for properties at the $1.8 million to $2.2 million price point, particularly in the city's established neighbourhoods, has placed modest upward pressure on values,' says Syrianos. 'Modest bungalows and two-storey homes on smaller lot sizes in Riverdale, the Beaches, High Park-Swansea, and Corso Italia-Davenport are most sought-after due to the proximity to the downtown core and overall walkability factor.' In the 416, eastern markets reporting average prices on par or ahead of 2024 include South Riverdale, Greenwood-Coxwell, Blake-Jones, and North Riverdale (E01) up 1.7 per cent ($1,721,370 in 2025 compared to $1,693,128 in 2024); The Beaches, Woodbine Corridor, East-End Danforth (E02) up 0.3 per cent ($2,023,403/$2,016,381); and Eglinton East, Scarborough Village, Cliffcrest, Guildwood (E08) up 2.1 per cent ($1,284,047/$1,257,739). Central markets showed upward momentum in the Waterfront Communities, Moss Park, Cabbagetown-South, St. James Town, Church-Yonge Corridor, Regent Park (C08) up 21.5 per cent ($2,166,667/$1,783,289); Rosedale-Moore Park (C09) rising 5.6 per cent ($4,265,874/$4,039,383); and Bridle Path-Sunnybrook-York Mills, St. Andrew-Windfields (C12) up 11.5 per cent ($4,608,619/$4,134,825). Two west-end markets experienced upward pressure on average price, including South Parkdale, Roncesvalles, High Park-Swansea (W01) up a modest 1.2 per cent ($2,091,470/$2,065,721); and Rockcliffe-Smythe, Keelesdale-Eglinton West, Caledonia-Fairbank, Corso Italia-Davenport, Weston-Pelham Park (W03) climbing 6.2 per cent ($1,102,706/$1,038,548). In the 905, Durham Region's Scugog reported a two-per-cent increase in values ($1,112,146 in 2025 compared to $1,090,069 in 2024), while average price in Peel Region's Caledon area jumped 5.6 per cent ($1,540,693/$1,458,934) year-over-year. 'Affordability continues to play a huge role in Greater Vancouver and the Fraser Valley, with the greatest activity occurring between $1 million and $1.5 million,' says Hill. 'For buyers looking to establish a foothold in real estate, communities such as Squamish and Bowen Island offer the best of both worlds–close proximity to the city against a recreational backdrop, while Mission's picturesque landscape is a draw for those looking to get into the market at the million-dollar mark.' Median price appreciation was evident in the first six months of 2025 in five markets, including Bowen Island, up 9.1 per cent ($1,500,000 in 2025 compared to $1,375,000 in 2024); Delta-South, up one per cent ($1,509,523/$1,494,000); Squamish, up 7.6 per cent ($1,690,000/$1,570,000) ; West Vancouver/Howe Sound at 2.6 per cent ($2,998,000/$2,922,200); and Whistler/Pemberton at 12.1 per cent ($2,663,500/$2,350,000). Mission was the sole market to report a nominal increase in average price in the Fraser Valley, rising 0.7 per cent to $1,052,454 in the first six months of 2025, compared to $1,044,946 in 2024. 'Buyers now have the advantage of time and are working closely with lenders to ensure a seamless home-buying process,' says Kottick. 'Some are still awaiting further announcements from the Bank of Canada regarding interest rate cuts. Should those materialize, we could see the full impact of pent-up demand. The U.S. trade situation continues to weigh on economic performance, and we can expect an air of caution to linger until a trade deal is struck. In the meantime, moves toward economic transformation and diversification bode well for Canada's future. As such, the back half of 2025 should see recovery underway and a resumption in price growth in a number of major and micro markets.' Other trends in the market include: Greater sales at affordable price points. In the Greater Toronto Area, homes priced from $850,000 to $1.2 million in key microcosms are moving quickly, while sales in the $1 million to $1.5 million price point in Vancouver and the Fraser Valley are most active. Year-round living in more recreational areas. Purchases in more recreational markets such as Bowen Island, the Gulf Islands, Squamish and the Sunshine Coast continued in the first six months of 2025. Rental suites still in demand. Buyers continue to offset mortgage costs by renting out suites within their homes. Luxury market less impacted. Buyers at this price point continue to make their moves, regardless of market conditions, as evidenced by rising values in the Bridle Path, Rosedale, and West Vancouver. In the first six months of the year, 11 properties changed hands over the $10 million price point in the GTA, up considerably over the four property sales reported during the same period in 2024. 'Price, quality, time—consumers are often told to pick two, because it's very rare to realize all three,' says Kottick. 'In real estate, it's the perfect trifecta. This may be one of the very rare windows of opportunity where active buyers could now reap the benefits of all three. It's an anomalous event from a historical real estate perspective to have ideal conditions in each these pivotal variables. It's not only rare; it's fleeting. As rebounding home sales gain momentum, the alignment will inevitably shift.' Regional Overview Greater Vancouver and the Fraser Valley While economic uncertainties have curtailed homebuying activity throughout the first six months of the year, an uptick in sales in recent weeks suggests the Greater Vancouver, and to a lesser extent, Fraser Valley markets are beginning to show signs of recovery. Buyers are cautiously re-entering the detached housing market, making offers despite not having sold their current homes—and including 'subject to sale' clauses to mitigate risk. Surprisingly, sellers are adapting to the new strategy, often allowing 30-days with a trigger clause that stipulates that if another offer is presented during that time, the buyer has 24 to 72 hours to commit or lose the property. As a result, nearly four in every ten properties are sold or under contract (with offers subject-to-sale). The lion's share of detached activity is occurring in the $1-million to $1.5-million price range, but lower rates and greater stability in the weeks and months ahead will serve to further rouse the market. Balanced market conditions currently exist, with some areas approaching buyer's market territory. After years of tight market conditions, the ability to view a plethora of homes and take more time to make decisions will ultimately provide a healthier backdrop for homebuying activity in the immediate future. Greater Vancouver communities such as the Sunshine Coast, Squamish, Port Moody/Belcarra, the Gulf Islands and Bowen Island remain popular with buyers, with all reporting an uptick in detached housing sales in the first six months of 2025. Five markets in Greater Vancouver, including Bowen Island, Gulf Islands, Port Moody/Belcarra, Squamish, and the Sunshine Coast have experienced an increase in median prices, while average values have climbed in Fraser Valley's Mission area. Detached properties are the strongest segment of the market—with most selling if they are well-priced. Rental suites are increasingly important to younger buyers entering the market as they look to offset hefty mortgage costs. Most buyers are professionals with ample savings for a solid downpayment on the properties they purchase. The current real estate market presents a unique opportunity for buyers. Moving into the traditional fall market, lower interest rates and increased economic stability will help propel greater homebuying activity, with the resilience of both buyers and sellers shaping the market. The window of favourable conditions will make this one of the best years in recent memory to invest in a home. Greater Toronto Area While overall housing sales in the Greater Toronto Area (GTA) have declined compared to year-ago levels, demand for detached housing continues to bolster the market, with the segment representing nearly half of total sales. First-time buyers have been driving detached sales in recent weeks, spurred by the increase in May's average price, with many realizing that as detached property values rise, the window of opportunity is closing. Certain microcosms within the Toronto market — including Leaside, East York, Riverdale, Trinity-Bellwoods, High Park, Davisville, and Little Italy — are experiencing healthy activity in the $850,000 to $1.2 million price range, with some properties selling in multiple offers. Average days on market in the central core, for instance, was considerably less than the overall average at this price range, with most homes moving within 19 days during the first six months of the year. The market for homes priced between $1.8 million and $2.2 million is also solid across the city, particularly in established traditional neighbourhoods. In essence, the delayed spring market has finally arrived. Interest appears to be piquing with more listing views, more showings, and more offers. However, the buyer mindset has two settings — deal or no deal. They're prepared to walk if the seller is unreasonable. Sellers, on the other hand are prepared to hold firm or, in more dire circumstances, end up setting new benchmarks for prices in their neighbourhood. Pent-up demand remains contained, as a result, at least until one or two more interest rate cuts can really stimulate activity. The swing market, encompassing properties priced between $2.8 million and $3.3 million, has been the most affected during this challenging period. Listing inventory is high at the entry-level to the luxury price point and sales are few and far between. Conversely, the luxury market, priced around $3.8 million to $4 million, has been less impacted, as purchases in this range are often driven more by desire than necessity. Greater Toronto Area's housing market is navigating a complex landscape marked by varying levels of demand across different price segments. The delayed spring market — finally materializing in June — has injected new energy, with increased interest and activity, although buyers remain cautious and sellers steadfast. As external factors such as interest rate cuts and easing trade tensions come into play, GTA market's dynamics may shift, potentially unlocking pent-up demand and fostering a more balanced environment. Durham Region Rapid population growth has contributed to strong homebuying activity over the past decade in Durham Region, but buyers have pulled back in 2025 given hesitation in the market attributed to overall economic uncertainty and concerns over Canada-U.S. trade negotiations. Affordability has been a major draw for buyers to the area in recent years, with single-detached properties often priced well under homes in the 416-area code. This year, however, the number of properties that have changed hands is down by 20 per cent and more throughout the region, while average prices are holding relatively stable. At least two markets have reported values on par or ahead of 2024 levels in the first six months of 2025 including Brock, a small rural market, equalling year-ago values for detached homes, while Scugog, with its luxury rural properties, posted an increase of over seven per cent in the first six months of the year. Buyers have started to trickle back into the market given healthier market conditions that are more reminiscent of yesteryear. An ample supply of detached housing is available throughout the region, and buyers are taking their time viewing homes listed for sale — without the urgency present in the pandemic/post-pandemic period. With current market conditions expected to persist throughout the coming months, the outlook for detached home sales in the Durham Region is best characterized as 'slow and steady.' Detached home sales are expected to come close or slightly surpass levels reported in 2024, while average price in Durham Region is anticipated to move marginally ahead of year-ago figures. About the RE/MAX NetworkAs one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in over 9,000 offices with a presence in more than 110 countries and territories. REMAX Canada refers to REMAX Canada, Inc., which is an affiliate of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit For the latest news from RE/MAX Canada, please visit Forward looking statementsThis report includes 'forward-looking statements' within the meaning of the 'safe harbour' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'believe,' 'intend,' 'expect,' 'estimate,' 'plan,' 'outlook,' 'project,' and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include statements regarding housing market conditions and the Company's results of operations, performance and growth. Forward-looking statements should not be read as guarantees of future performance or results. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include (1) the global COVID-19 pandemic, which has impacted the Company and continues to pose significant and widespread risks to the Company's business, the Company's ability to successfully close the anticipated reacquisition and to integrate the reacquired regions into its business, (3) changes in the real estate market or interest rates and availability of financing, (4) changes in business and economic activity in general, (5) the Company's ability to attract and retain quality franchisees, (6) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (7) changes in laws and regulations, (8) the Company's ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (9) the Company's ability to implement its technology initiatives, and (10) fluctuations in foreign currency exchange rates, and those risks and uncertainties described in the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ('SEC') and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at and on the SEC website at Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. For more information please contact:Megan Poole, mpoole@ 647-500-5387Lydia McNutt, lmcnutt@ 416-797-0473Kimberly Golladay-Cure, mediarelations@
Cision Canada
24-07-2025
- Business
- Cision Canada
Detached housing values at Greater Vancouver's and Toronto's most affordable price points edge upward as buyers cautiously return to inventory-rich markets, says REMAX Canada
TORONTO, July 24, 2025 /CNW/ -- Signs of the much-anticipated spring market finally materialized in June as greater inventory and softer overall values reinvigorated buyer intentions and bolstered demand for detached housing in the Greater Toronto Area (GTA), Greater Vancouver and the Fraser Valley, according to a report released today by REMAX Canada. REMAX Canada's 2025 Hot Pocket Communities Report examined 83 markets across the Greater Toronto Area, Greater Vancouver and the Fraser Valley, between January 1 and June 30, 2025, and found that almost 23 per cent of markets (19/83) reported detached housing sales on par or ahead of year-ago levels in the first half of the year, while just over 19 per cent reported an upswing in values (16/83). In terms of sales during the six-month time-frame, the Greater Toronto Area's 416 area code led in rebounding momentum, with just over 34.2 per cent of Toronto 416 neighbourhoods experiencing stable or growing activity in the detached home segment — ahead of the GTA's more suburban 905 area code. Likewise, Greater Vancouver experienced a sales uptick of just over 29 per cent — outperforming Fraser Valley markets. Limited inventory levels in key areas of Greater Vancouver and Toronto proper — especially at affordable price points — are supporting price appreciation in the detached home category. Greater Vancouver took the lead with 29.4 per cent (5/17) of communities noting an upswing in median price, and 22.8 per cent of 416 markets seeing the same. Top Five Detached Housing Markets: Percentage Increase in Sales Area Neighbourhoods within the district Percentage Increase W01 (GTA) South Parkdale, Roncesvalles, High Park-Swansea 56.5 % C02 (GTA) Yonge-St. Clair, Casa Loma, Wychwood, Annex 31.3 % Port Moody/Belcarra (GV) 31.0 % E02 (GTA) The Beaches, Woodbine Corridor, East-End Danforth 27.0 % W02 (GTA) High Park North, Junction Area, Runnymede-Bloor West Village, Lambton- Baby Point,Dovercourt-Wallace, Emerson Junction 25.9 % Source: Greater Vancouver Realtors, the Fraser Valley Real Estate Board and Toronto Regional Real Estate Board "After a prolonged period of uncertainty, we're starting to see slow but building momentum in Canada's largest real estate markets," says Don Kottick, President, REMAX Canada. "Buyers who have been sitting on the sidelines for months, prepared and ready to pounce, are finally starting to make their moves. Life moves forward and eventually, necessity dictates action. As a result, there has been a greater number of sales with 'subject-to-sale' clauses — especially in the Greater Vancouver and Fraser Valley markets — that provide a safety net for buyers. Sellers are more accommodating as well, often willing to work with buyers to achieve a sale. Timing is crucial, as buyers are well informed, and markets appear to have bottomed out." To illustrate, detached home sales in the GTA fell to 13,991 in the first half of the year, according to Toronto Regional Real Estate Board data — the lowest level on record in more than a decade and nearly 34 per cent below the 10-year average. Still, the detached category remains the frontrunner in terms of percentage of overall sales year-to-date, representing the lion's share of activity at 45.2 per cent of total residential sales in the first six months of the year. In Greater Vancouver, local board data shows detached home sales at 3,273 for the first six months of 2025 — the lowest level in 10 years and 39 per cent below the 10-year average. Market share for the detached housing segment in Greater Vancouver has slowly declined since 2021, falling to its lowest level in the first half of this year at 27.3 per cent. At its highest point in 2016, detached homes represented 40.1 per cent of total residential sales in Greater Vancouver. Growing urgency for affordable homes in Toronto was identified by REMAX Canada as a major driver in recent weeks, with many buyers in the $850,000 to $1.2 million price range worried that the window of opportunity is already starting to close. "In fact, certain microcosms cropping up within Toronto markets — including hot pocket communities such as Leaside, East York, Riverdale, Trinity-Bellwoods, Davisville and Little Italy — are consistently experiencing healthy demand for detached homes," says Tim Syrianos, Broker, REMAX Ultimate Realty Inc. and REMAX Condos Plus. "And while many of those properties will sell in multiple offers, make no mistake — today's buyers are laser focused on value and will walk away from properties if sellers are unreasonable." Hot Pockets for Detached Home Sales Key 416 neighbourhoods led the way in terms of percentage increases in sales, including central core communities Yonge-St. Clair, Casa Loma, Wychwood, Annex (C02) up 31.3 per cent (63 sales in 2025 compared to 48 sales in 2024); and Mount Pleasant East, Mount Pleasant West (C10) up 6.7 per cent (48/45). Two central areas remained on par year-over-year — Banbury-Don Mills, Victoria Village, Parkwoods-Donalda (C13) (89 sales in 2025 and 89 in 2024) and Waterfront Communities, Moss Park, Cabbagetown-South, St. James Town, Church-Yonge Corridor, and Regent Park (C08) (3/3). Five markets in the eastern district saw sales rise or hold steady, including the Beaches, Woodbine Corridor, East-End Danforth (E02) up 27 per cent (113/89); Highland Creek, West Hill, Centennial, Scarborough Rouge (E10) climbed 15.6 per cent (178/154); Oakridge, Birchcliffe-Cliffside (E06) up 1.9 per cent (109/107); Eglinton East, Scarborough Village, Cliffcrest, and Guildwood (E08) up 1.9 per cent (110/108); and Milliken, Agincourt North, Agincourt South, Malvern West (E07) on par (89/89). Three markets in the west end reported sales on par or ahead of year-ago levels, including South Parkdale, Roncesvalles, and High Park-Swansea (W01) up 56.6 per cent (72/46); High Park North, Junction Area, Runnymede-Bloor West Village, Lambton-Baby Point, Dovercourt-Wallace and Emerson-Junction (W02) up 25.9 per cent (136/108); and Kingsview Village, the Westway, Humber Heights, Willowridge-Martingrove and Riverview (W09) up 2.1 per cent (99/97). Sales in the 905 were more tempered, with Brock and Pickering being the only communities reporting an increase over year-to-date 2024 levels. Sales were up 1.4 per cent in Brock (71/70) and 0.6 per cent in Pickering (321/319). In Greater Vancouver, detached sales in the first six months of 2025 rose in Port Moody/Belcarra, up 31 per cent (76/58); the Gulf Islands rose 22.2 per cent (22/18); Bowen Island climbed 11.5 per cent (22/18); Squamish increased 4.5 per cent (93/89); and the Sunshine Coast registered a 5.8 per cent uptick (236/223). Meanwhile, no gains were reported in the Fraser Valley. "Buyers are cautiously re-entering detached housing markets, taking advantage of more balanced market conditions, especially at affordable price points," explains Tim Hill, of Tim Hill and Associates, REMAX All Points Realty. "Most are young professionals who have spent years saving for a downpayment and are well-positioned to now move forward with their purchase plans." Hot Pockets for Detached Home Price Growth While there has been an upswing in values in key areas, most markets remain slightly off year-ago price levels for the same period. "The uptick in demand for properties at the $1.8 million to $2.2 million price point, particularly in the city's established neighbourhoods, has placed modest upward pressure on values," says Syrianos. "Modest bungalows and two-storey homes on smaller lot sizes in Riverdale, the Beaches, High Park-Swansea, and Corso Italia-Davenport are most sought-after due to the proximity to the downtown core and overall walkability factor." In the 416, eastern markets reporting average prices on par or ahead of 2024 include South Riverdale, Greenwood-Coxwell, Blake-Jones, and North Riverdale (E01) up 1.7 per cent ($1,721,370 in 2025 compared to $1,693,128 in 2024); The Beaches, Woodbine Corridor, East-End Danforth (E02) up 0.3 per cent ($2,023,403/$2,016,381); and Eglinton East, Scarborough Village, Cliffcrest, Guildwood (E08) up 2.1 per cent ($1,284,047/$1,257,739). Central markets showed upward momentum in the Waterfront Communities, Moss Park, Cabbagetown-South, St. James Town, Church-Yonge Corridor, Regent Park (C08) up 21.5 per cent ($2,166,667/$1,783,289); Rosedale-Moore Park (C09) rising 5.6 per cent ($4,265,874/$4,039,383); and Bridle Path-Sunnybrook-York Mills, St. Andrew-Windfields (C12) up 11.5 per cent ($4,608,619/$4,134,825). Two west-end markets experienced upward pressure on average price, including South Parkdale, Roncesvalles, High Park-Swansea (W01) up a modest 1.2 per cent ($2,091,470/$2,065,721); and Rockcliffe-Smythe, Keelesdale-Eglinton West, Caledonia-Fairbank, Corso Italia-Davenport, Weston-Pelham Park (W03) climbing 6.2 per cent ($1,102,706/$1,038,548). In the 905, Durham Region's Scugog reported a two-per-cent increase in values ($1,112,146 in 2025 compared to $1,090,069 in 2024), while average price in Peel Region's Caledon area jumped 5.6 per cent ($1,540,693/$1,458,934) year-over-year. "Affordability continues to play a huge role in Greater Vancouver and the Fraser Valley, with the greatest activity occurring between $1 million and $1.5 million," says Hill. "For buyers looking to establish a foothold in real estate, communities such as Squamish and Bowen Island offer the best of both worlds–close proximity to the city against a recreational backdrop, while Mission's picturesque landscape is a draw for those looking to get into the market at the million-dollar mark." Median price appreciation was evident in the first six months of 2025 in five markets, including Bowen Island, up 9.1 per cent ($1,500,000 in 2025 compared to $1,375,000 in 2024); Delta-South, up one per cent ($1,509,523/$1,494,000); Squamish, up 7.6 per cent ($1,690,000/$1,570,000) ; West Vancouver/Howe Sound at 2.6 per cent ($2,998,000/$2,922,200); and Whistler/Pemberton at 12.1 per cent ($2,663,500/$2,350,000). Mission was the sole market to report a nominal increase in average price in the Fraser Valley, rising 0.7 per cent to $1,052,454 in the first six months of 2025, compared to $1,044,946 in 2024. "Buyers now have the advantage of time and are working closely with lenders to ensure a seamless home-buying process," says Kottick. "Some are still awaiting further announcements from the Bank of Canada regarding interest rate cuts. Should those materialize, we could see the full impact of pent-up demand. The U.S. trade situation continues to weigh on economic performance, and we can expect an air of caution to linger until a trade deal is struck. In the meantime, moves toward economic transformation and diversification bode well for Canada's future. As such, the back half of 2025 should see recovery underway and a resumption in price growth in a number of major and micro markets." Other trends in the market include: Greater sales at affordable price points. In the Greater Toronto Area, homes priced from $850,000 to $1.2 million in key microcosms are moving quickly, while sales in the $1 million to $1.5 million price point in Vancouver and the Fraser Valley are most active. Year-round living in more recreational areas. Purchases in more recreational markets such as Bowen Island, the Gulf Islands, Squamish and the Sunshine Coast continued in the first six months of 2025. Rental suites still in demand. Buyers continue to offset mortgage costs by renting out suites within their homes. Luxury market less impacted. Buyers at this price point continue to make their moves, regardless of market conditions, as evidenced by rising values in the Bridle Path, Rosedale, and West Vancouver. In the first six months of the year, 11 properties changed hands over the $10 million price point in the GTA, up considerably over the four property sales reported during the same period in 2024. "Price, quality, time—consumers are often told to pick two, because it's very rare to realize all three," says Kottick. "In real estate, it's the perfect trifecta. This may be one of the very rare windows of opportunity where active buyers could now reap the benefits of all three. It's an anomalous event from a historical real estate perspective to have ideal conditions in each these pivotal variables. It's not only rare; it's fleeting. As rebounding home sales gain momentum, the alignment will inevitably shift." Regional Overview Greater Vancouver and the Fraser Valley While economic uncertainties have curtailed homebuying activity throughout the first six months of the year, an uptick in sales in recent weeks suggests the Greater Vancouver, and to a lesser extent, Fraser Valley markets are beginning to show signs of recovery. Buyers are cautiously re-entering the detached housing market, making offers despite not having sold their current homes—and including "subject to sale" clauses to mitigate risk. Surprisingly, sellers are adapting to the new strategy, often allowing 30-days with a trigger clause that stipulates that if another offer is presented during that time, the buyer has 24 to 72 hours to commit or lose the property. As a result, nearly four in every ten properties are sold or under contract (with offers subject-to-sale). The lion's share of detached activity is occurring in the $1-million to $1.5-million price range, but lower rates and greater stability in the weeks and months ahead will serve to further rouse the market. Balanced market conditions currently exist, with some areas approaching buyer's market territory. After years of tight market conditions, the ability to view a plethora of homes and take more time to make decisions will ultimately provide a healthier backdrop for homebuying activity in the immediate future. Greater Vancouver communities such as the Sunshine Coast, Squamish, Port Moody/Belcarra, the Gulf Islands and Bowen Island remain popular with buyers, with all reporting an uptick in detached housing sales in the first six months of 2025. Five markets in Greater Vancouver, including Bowen Island, Gulf Islands, Port Moody/Belcarra, Squamish, and the Sunshine Coast have experienced an increase in median prices, while average values have climbed in Fraser Valley's Mission area. Detached properties are the strongest segment of the market—with most selling if they are well-priced. Rental suites are increasingly important to younger buyers entering the market as they look to offset hefty mortgage costs. Most buyers are professionals with ample savings for a solid downpayment on the properties they purchase. The current real estate market presents a unique opportunity for buyers. Moving into the traditional fall market, lower interest rates and increased economic stability will help propel greater homebuying activity, with the resilience of both buyers and sellers shaping the market. The window of favourable conditions will make this one of the best years in recent memory to invest in a home. Greater Toronto Area While overall housing sales in the Greater Toronto Area (GTA) have declined compared to year-ago levels, demand for detached housing continues to bolster the market, with the segment representing nearly half of total sales. First-time buyers have been driving detached sales in recent weeks, spurred by the increase in May's average price, with many realizing that as detached property values rise, the window of opportunity is closing. Certain microcosms within the Toronto market — including Leaside, East York, Riverdale, Trinity-Bellwoods, High Park, Davisville, and Little Italy — are experiencing healthy activity in the $850,000 to $1.2 million price range, with some properties selling in multiple offers. Average days on market in the central core, for instance, was considerably less than the overall average at this price range, with most homes moving within 19 days during the first six months of the year. The market for homes priced between $1.8 million and $2.2 million is also solid across the city, particularly in established traditional neighbourhoods. In essence, the delayed spring market has finally arrived. Interest appears to be piquing with more listing views, more showings, and more offers. However, the buyer mindset has two settings — deal or no deal. They're prepared to walk if the seller is unreasonable. Sellers, on the other hand are prepared to hold firm or, in more dire circumstances, end up setting new benchmarks for prices in their neighbourhood. Pent-up demand remains contained, as a result, at least until one or two more interest rate cuts can really stimulate activity. The swing market, encompassing properties priced between $2.8 million and $3.3 million, has been the most affected during this challenging period. Listing inventory is high at the entry-level to the luxury price point and sales are few and far between. Conversely, the luxury market, priced around $3.8 million to $4 million, has been less impacted, as purchases in this range are often driven more by desire than necessity. Greater Toronto Area's housing market is navigating a complex landscape marked by varying levels of demand across different price segments. The delayed spring market — finally materializing in June — has injected new energy, with increased interest and activity, although buyers remain cautious and sellers steadfast. As external factors such as interest rate cuts and easing trade tensions come into play, GTA market's dynamics may shift, potentially unlocking pent-up demand and fostering a more balanced environment. Durham Region Rapid population growth has contributed to strong homebuying activity over the past decade in Durham Region, but buyers have pulled back in 2025 given hesitation in the market attributed to overall economic uncertainty and concerns over Canada-U.S. trade negotiations. Affordability has been a major draw for buyers to the area in recent years, with single-detached properties often priced well under homes in the 416-area code. This year, however, the number of properties that have changed hands is down by 20 per cent and more throughout the region, while average prices are holding relatively stable. At least two markets have reported values on par or ahead of 2024 levels in the first six months of 2025 including Brock, a small rural market, equalling year-ago values for detached homes, while Scugog, with its luxury rural properties, posted an increase of over seven per cent in the first six months of the year. Buyers have started to trickle back into the market given healthier market conditions that are more reminiscent of yesteryear. An ample supply of detached housing is available throughout the region, and buyers are taking their time viewing homes listed for sale — without the urgency present in the pandemic/post-pandemic period. With current market conditions expected to persist throughout the coming months, the outlook for detached home sales in the Durham Region is best characterized as "slow and steady." Detached home sales are expected to come close or slightly surpass levels reported in 2024, while average price in Durham Region is anticipated to move marginally ahead of year-ago figures. About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in over 9,000 offices with a presence in more than 110 countries and territories. REMAX Canada refers to REMAX Canada, Inc., which is an affiliate of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals ® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit For the latest news from RE/MAX Canada, please visit Forward looking statements This report includes "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include statements regarding housing market conditions and the Company's results of operations, performance and growth. Forward-looking statements should not be read as guarantees of future performance or results. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include (1) the global COVID-19 pandemic, which has impacted the Company and continues to pose significant and widespread risks to the Company's business, the Company's ability to successfully close the anticipated reacquisition and to integrate the reacquired regions into its business, (3) changes in the real estate market or interest rates and availability of financing, (4) changes in business and economic activity in general, (5) the Company's ability to attract and retain quality franchisees, (6) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (7) changes in laws and regulations, (8) the Company's ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (9) the Company's ability to implement its technology initiatives, and (10) fluctuations in foreign currency exchange rates, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at and on the SEC website at Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
