The Wright Move

New policy update: this is still the biggest real estate policy shift in Ontario right now — and it’s now moving closer to real market impact.

Canada and Ontario announced a plan to reduce municipal development charges by up to 50% in municipalities representing roughly 80% of Ontario’s population.

What this means:

Builders:
Lower development costs may revive projects that were previously paused.

Buyers:
Could improve affordability if developers pass savings through.

Sellers:
Long-term increase in housing supply could reduce future upward price pressure.

Market behaviour:
Developers may become more aggressive launching projects again.

Ontario introduced new legislation to speed up housing development

Ontario introduced legislation on March 30 aimed at reducing barriers to building more homes faster.

This includes:

* Faster approvals
* Reduced development friction
* More flexibility for projects near transit and growth areas

What this means:

Buyers:
Potentially more inventory over time.

Sellers:
Less scarcity-driven pricing power long term.

Pricing:
Short-term impact is limited, but longer-term supply growth could moderate appreciation.

Market behaviour:
Developers may re-enter markets they previously avoided due to delays.

Bottom line:

This is becoming increasingly bullish for new construction and slightly more competitive for resale sellers.

The biggest short-term behavioural shift:
buyers may pause resale purchases while they evaluate whether these incentives make brand-new inventory a better deal.

Market Update — Something just changed (and it’s actually a big one)

You know when the government makes a housing announcement and everyone kind of nods… but doesn’t really know what it means?

This is one of those moments — except this one actually matters.

Here’s the simple version:
There are now expanded rebates that effectively remove most (and in some cases all) of the HST on new homes for a limited time.

We’re talking potential savings anywhere from $50,000 to over $100,000 depending on the property.

So what does that really mean?

Buyers:
New construction just became a lot more attractive. If you were close to qualifying before, this could be the push that gets you there. I’m already seeing more conversations around pre-construction and builder inventory again.

Sellers:
This doesn’t directly change your home’s value — but it does change the competition. Buyers are now comparing resale homes against brand new homes with a significant tax advantage. That means pricing and presentation matter more than ever.

What I’m seeing right now:
This isn’t a “market takes off overnight” situation… but it is a shift in behaviour. Buyers who were sitting on the fence are starting to lean back in — especially when they see an opportunity to save that kind of money.

The interesting part?
Policies like this tend to bring people back into the market quietly at first… and then activity builds from there.

If you’re trying to figure out whether this changes your timing (buying or selling), feel free to reach out. Every situation is a little different right now, and strategy really matters.

Quick note — if you’re considering a new build, don’t walk into a sales centre without your own agent. The builder’s rep works for the builder, not you. Having your own representation doesn’t is normally covered by the builder so doesn’t cost you anything and ensures someone is protecting your interests and catching the details that are easy to miss.

🚨 Bank of Canada Rate Cut Alert! 🚨
They shaved 0.25% off today — woohoo! 🎉
But will buyers come storming back? 🤔 Probably more like a cautious trickle than a stampede.
✅ Variable-rate folks get a tiny break on payments
✅ Some “fence-sitters” might finally hop in
❌ Affordability is still tough, so don’t expect a market frenzy overnight
Think of it like tossing one sandbag off a hot air balloon 🎈… it lifts a little, but we’re not soaring yet.
So — what do you think? Will this nudge get buyers moving again? 🏡

📊 Toronto Detached Homes – July 2025 Market Recap 🏙️

Things are shifting in Toronto’s detached housing market this summer, and here’s what the numbers are telling us:

🔹 New Listings: 1,328 (📉 down 31% MoM, 📈 up 44,167% YoY)
🔹 Properties Sold: 541 (📉 down 24% MoM)
🔹 Showings Booked: 24,296 (📉 down 18% MoM, 📈 up 1,73443% YoY)
🔹 Offers Registered: 1,333 (📉 down 33% MoM)
🔹 Average Sale Price: $1,946,288 (📉 down 3% MoM)
🔹 Average Days on Market (DOM): 26.8 (📈 up 14% MoM)
🔹 Average Showings Before Sold: 24.3 (📈 up 4% MoM)

📌 Takeaway:We’re seeing a surge in listings compared to last year, but fewer sales and showings this month point to some buyer hesitation or rebalancing in the market. The average property is taking longer to sell and requires more in-person showings—clear signs that buyers are shopping carefully and watching the market closely.

📰 According to a recent report by BlogTO, certain neighbourhoods in Toronto are already experiencing noticeable upturns in activity. This early movement in urban cores often foreshadows similar trends reaching surrounding areas like the GTA.

🛑 Disclaimer: These figures are based on one showing and offer booking platform used by allot of brokerages but not all. While highly indicative of trends, they do not capture all activity due to variations in systems used across the industry. Figures shown are for detached homes only.

📣 BOC Holds Interest Rates at 2.75% – What Does This Mean for Buyers & Sellers? 🏡

The Bank of Canada has just held its key interest rate at 2.75% (as of July 30, 2025) – marking the third consecutive hold since the rate cut cycle began earlier this year.

💡 So, what does this mean for us?

📉 For Buyers:
Rates staying flat gives some breathing room – if you’ve been waiting for a “sign” to get pre-approved or re-enter the market, this might be it. Lenders are still offering better rates than late 2024, and stability breeds confidence.

📈 For Sellers:
While this isn’t the fireworks of a full rate drop, the pause shows market stabilization. We’re seeing increased buyer inquiries in Avalon, especially for well-priced listings. The fall market could bring more competition – from both buyers and sellers.

📊 A little trend to watch: Urban markets like Toronto often react first – and right now, they’re heating up. Historically, that ripple effect has made its throughout the GTA

📬 DM me if you want the full breakdown or if you’re wondering what your home’s worth in this market.

Just a little Friday humour 😜

Enough said! 🫣🤣🍿🍿🍿🍿

📉 What the analysts are forecasting:Fixed mortgage rates are expected to drop by the end of 2025. Some dipping below 4%, lowest forecast sitting at 3.79%. buying, renewing, or just not paying more than you need to.Timing matters. I’m watching the numbers so you don’t have to.

📉 Bank of Canada Holds Interest Rate at 2.75% — But Inflation’s Warming Up!The Bank of Canada just announced they’re holding the key rate steady at 2.75%, even as core inflation creeps up to 3.15%. With GDP growth surprising to the upside — Jo Wright🏡

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