MONTHLY MARKET UPDATE

August 2026

240 Silver Birch Drive

Tiny, ON

Jay Egan and Olga Lapshina, Agents

TORONTO HOUSING MARKET UPDATE

The Toronto Regional Real Estate Board (TRREB) has released its July housing data. Market conditions continued to tighten, even as the streak of year-over-year sales gains came to an end. Home sales edged slightly lower compared to July 2025, but new listings fell far more sharply, leaving active buyers facing more competition for a shrinking pool of properties. Selling prices remained lower than a year ago, although the benchmark measure posted its mildest annual decline of the year to date.

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MIKE'S MEMO

A few days ago, a friend told me he was hoping for a rate cut. He is thinking about a move, but he wants to wait until borrowing gets cheaper. I hear a version of this conversation almost every week, and I understand the instinct. But I also think this deserves a closer look, because I believe many people waiting for a rate cut are watching the wrong signal.

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ONTARIO'S MOST BEAUTIFUL COTTAGE COUNTRY DESTINATIONS

Some decisions announce themselves loudly. Others arrive quietly, on a dock, bare feet in the water, with the kind of silence you forgot existed. You stop checking your phone. You stay an extra day. And somewhere between the loons calling at dusk and the smell of a wood fire at night, you start to think: What if this wasn't just a weekend?

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THE BEST ONTARIO WINE COUNTRY DAY TRIPS FROM TORONTO

There's a particular kind of Friday. The one where your inbox finally exhales, the city's gone sticky and loud, and you catch yourself Googling where is wine country in Ontario for the fourth time this month, as though the answer might have changed since last week. It hasn't. It's still improbably close… just a couple of hours from your front door, give or take a playlist.

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MORE THAN A SCREENING

Every summer, Toronto Outdoor Picture Show (TOPS) transforms parks across the city into open-air cinemas, drawing thousands of people together to watch films beneath the stars. What began as a grassroots initiative has evolved into one of Toronto's most anticipated cultural traditions, pairing beloved classics with acclaimed international features, emerging Canadian voices, and thoughtfully curated short films.

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