Toronto enters 2027 after a prolonged correction, with elevated listings continuing to give buyers negotiating room.
TD expects Ontario housing conditions to improve as 2027 progresses, following weakness through 2026.
Lower borrowing costs would support transaction recovery, although condo supply remains an important constraint.
Prices are expected to stabilize before a stronger recovery, rather than returning immediately to rapid pandemic-era growth.

The Canadian government proposed exempting newly built homes from its foreign homebuyer ban while extending restrictions on existing properties until 2029, in its budget.
The proposed exemption aims to unlock additional investment in new housing supply while keeping the vast majority of Canada's housing market available for Canadians.
The government said it would continue supporting housing policy measures from other levels of government, including measures addressing speculation and market pressures in Canada.
Canada's housing industry has called for changes that open the door to foreign investment, an objective reflected in the government's proposed exemption for new builds.
The government promised to introduce legislation and launch a regulatory process for changes to Canada's foreign homebuyer ban, following its announcement in the budget.

A bank economist sharply cut Canada’s resale outlook, shifting from a much smaller forecast decline earlier in 2026 as bond yields climbed.
National home sales are projected to ↓~5% this year, while avg. prices are expected to finish flat before a modest 2027 gain.
The outlook assumed the central bank would stay on hold near 2%, but modest next-year gains depended on bond yields easing in current Q4.
Support for a recovery also hinged on pent-up demand and a slowly improving job market, though the labour outlook was trimmed after trade tensions.
Even under the baseline, next-year sales were expected to remain well below pre-pandemic levels, showing how elevated yields could extend Canada’s slower reset.

Current Ontario condo closings left some purchasers owing up to 30% above a unit’s market value, as proposed units had fallen below their contract prices.
Many purchases could not close because banks based mortgage advances on current unit value, leaving insufficient closing funds when contract prices exceeded appraisal.
Long gaps between signing and closing came from pre-sales, approvals, permits, contractor agreements, and labor shortages, giving falling markets time to upend buyer plans.
In Ontario’s earlier seller’s market, developers sometimes canceled deals when costs surged, prompting provincial scrutiny, proposed penalties, and calls for independent reviews.
Purchasers faced complex contracts with limited escape routes: usually only a 10-day cooling-off period, or termination if occupancy missed the outside occupancy date.

Beautiful 4 Bedroom Detached Home Situated on a Mature, Fenced Lot on a Quiet St. This Beautifully Updated Home Offers Bright, Spacious, Open-concept Living. Thoughtfully renovated and Move-in-ready. This Home is a Fantastic Opportunity for First-time Buyers, Downsizers, Investors, or Anyone Looking for the Convenience of Living. Functional Layout Featuring a Spacious Kitchen, Perfect for Everyday Living and Entertaining. The Updated Kitchen Cabinet 2026 , New Floor 2026, Bathroom on the second floor 2026, Second Roof 2025, Second Attic Insulation 2026, Pot Lights 2026, Back deck (approx. 2017), Tucked away on a quiet street in the heart of Keswick, schools, shops, restaurants and All amenities. Move in and enjoy everything this beautiful home and location have to offer!

Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day.
In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints.
Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known as All Hallows Eve, and later Halloween.
Over time, Halloween evolved into a day of activities like trick-or-treating, carving jack-o-lanterns, festive gatherings, donning costumes and eating treats.
Today’s the day to eat candies and sweets to your heart’s content! Happy Halloween!

Richmond Hill — Most Affordable homes for September 2026.

Listings (sorted by price):
1. Listing N13709998 — $356,000
2. Listing N13843102 — $369,900
3. Listing N13817668 — $388,000
4. Listing N13542070 — $389,000
5. Listing N13753194 — $399,000
6. Listing N13789568 — $399,900
7. Listing N13830326 — $399,900
8. Listing N13755846 — $399,999
9. Listing N13789172 — $412,000
10. Listing N13481156 — $415,000
11. Listing N13712168 — $415,000
12. Listing N13532592 — $418,000
13. Listing N12989502 — $419,000
14. Listing N13817604 — $419,900
15. Listing N13813268 — $429,000