Michael Tam - Realtor

Stat Alert🚨

June stats are out!

The number of sales transactions are up! New inventory hitting the market is way down, and average home prices are slightly lower.�
It looks like the month-over-month decline in the GTA's average sale price appears to be slowing down as the rate of decrease has been steadily shrinking. Good sign for sellers, and maybe this isn’t what buyers want to hear. In general, if the number of sales transactions are increasing while the number of new inventory is decreasing, it creates a squeeze in supply which might force the prices higher. But for most areas/ types of homes in Toronto, we shouldn’t see any major spike in prices due to our current market/economic conditions.

Generally, the summer months are slower, so the inventory that is still for sale now might linger for more ‘days on market’. Buyers: keep up with your home search, if homes are still around for a few months, you might get lucky with some low ball offers. However, I still see many Sellers holding on to current market values (rightfully so) and those who have good homes will get very close to their market prices. Sellers, stick to the updated market values and stay patient. If the market prices are changing, make sure you are making adjustments to your listing price. And remember to get feedback from the showings, you can still make small adjustments as you are listed on the market!

Lets see what happens this month! 👀👀

** 416 area code refers to the Toronto (defined by TREB)
** 905 area code refers to GTA, suburb cities and towns surrounding Toronto (defined by TREB)
Check out the previous month’s post for comparison.
Swipe for more stats on Toronto and Durham
For more questions on stats in your specific area, shoot me a message!
⚠️ 2026 vs 2025📈📉
Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .

Stat Alert🚨

March stats are out!

Looks like activity is finally picking up! Month over Month we saw an increase of 30% in sales quantity. This makes sense, as the weather warms, more buyers are out, and they are making their moves. Overall, average prices across GTA are fairly flat from last month, and down by 6.7% year over year. The number of new listings entering MLS has dropped by 16.7% year over year. Welll normally see new listings pick up in April/ May.

I saw a lot more action in the market and on my own listings for sale. There has been more offers coming in, but many are looking for a good deal and it is taking a lot more back and forth between the buyer/sellers to land at a fair price. Many of my buyers are back on the hunt for their new homes, and there are a lot of homes to pick from depending on your search criteria.

Overall, we’re seeing very fair prices coming from the sellers. And if you find a seller that has some pressure to sell, often they sell for a bit under market values. That being said, not all sellers are willing to come down. Some of my buyers have been seeing some listings sit for long, and at prices far too high!

Advice for the buyers, don’t be afraid to shoot your shot at what value you think makes sense. Advice for the sellers, don’t get offended at the initial offers that come in, but work to bring them up and close the gap! If you’re seeing the prices in your area fluctuate, be sure to act quick with your pricing and have it reflect market amounts.

Lets see what happens this month! 👀👀

** 416 area code refers to the Toronto (defined by TREB)
** 905 area code refers to GTA, suburb cities and towns surrounding Toronto (defined by TREB)
Check out the previous month’s post for comparison.
Swipe for more stats on Toronto and Durham
For more questions on stats in your specific area, shoot me a message!
⚠️ 2026 vs 2025📈📉
Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .

Just listed for Sale! 🚨🚨🚨

Welcome to your move-in ready 3 bed 2 bath detached home! Tons of updates, new roof, new windows, new Furance, new AC, new hot water heater (owned), updated kitchen and bathrooms. Pick your colour of paint and you’re good to go!

3 bedrooms 🛌
2 washroom 🛁
3 Car parking

Lots of upgrades!

Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .