July is here, and with it comes that unmistakable mid-summer energy: patios in the city are bustling, migration to cottage country is in full swing, and weekends seem to slip by even faster than usual. The real estate market is typically quieter this time of year, but this has been anything but a typical year.

The first half of 2025 was of course marked by geopolitical tension and economic uncertainty – from tariffs to elections, and of course so much unrest overseas – and, as such, many buyers took a wait-and-see approach. Inventory continued to come to market, but absorption slowed, putting downward pressure on prices. It’s no surprise then that the average selling price in June dipped 5.4% compared to the same time last year.

Notable Shifts

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We’ve officially hit the halfway point of the year – and while the real estate story hasn’t followed a classic arc, we’re starting to see some meaningful plot twists.

As a team, we’ve been putting together more deals in recent weeks – but there’s no question it takes more effort, more collaboration, and more strategy than ever. Interestingly, we’ve also seen more movement in the luxury market than we have in quite some time. 

In other news, the Toronto Regional Real Estate Board (TRREB) just released its May numbers. While sales were down year-over-year, they did in fact increase month-over-month – and for the second month in a row – offering another encouraging sign of renewed momentum.

The key takeaway? After a late start, the spring…

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Signs of sunnier days are all around us. As temperatures begin their ascent, so does the sense of possibility — a feeling we’re not only seeing in the market but also hearing from our clients. After a strenuous few months of holding our collective breath, caught between election uncertainty and tariff drama, we’re finally seeing a shift. With the election now behind us, buyers are settling into a new mindset, and confidence is quietly returning.

But where there is optimism, there is also a sense of recalibration. While about half of Canadians are pleased with the election outcome, the other half are decidedly less so — and we’re already hearing of some business leaders exploring moves south of the border. It’s a reminder of how sentiment can shift…

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