Heaps Estrin's Blog

This week’s tariff news brought new meaning to March coming in like a lion. Whether or not there is reprieve thanks to temporary suspensions, the economic impact of recent events is undeniable – higher costs, market uncertainty, and the very real possibility of a recession. The question now is whether this is a short-term storm or a longer-term shift. Recent directives from south of the border have sparked apprehension, speculation, and – of course, from our clients especially – questions about how this will affect the real estate market.

But as challenging as this moment feels, it also calls for resilience. Canada is becoming more self-reliant, more patriotic, and more appreciative of its strengths – including our vast resources and stable financial institutions.

Real Estate Moves at the Pace of Life

While tariffs may weigh on the broader economy, real estate isn’t just about markets—it’s about milestones. People move for life’s biggest moments: buying a first home, growing a family, downsizing, or embracing a new lifestyle. These moments don’t wait for economic certainty, and neither does the Toronto market.

While we may not see the price appreciation or volume growth originally forecasted, the fundamentals remain strong. February’s Toronto market stats reflect steady demand, and we expect conditions to hold at or above 2024 levels.

Steady Guidance in Unsteady Times

Uncertainty can be unsettling, but it doesn’t have to be paralyzing. At Heaps Estrin, we thrive in dynamic markets, helping our clients navigate any conditions with clarity and confidence.

March may have come in roaring, and while it may not leave quietly, there is every reason to believe that Toronto’s real estate market – like Canada itself – will emerge even stronger.

Warmly,

Central Toronto Market Spotlight

In Central Toronto, a shifting market is creating opportunities for both buyers and sellers. Last month saw a significant rise in new and active listings, giving buyers more options. While total sales dipped 13.7% year-over-year, detached home prices climbed 14.59% to $2,836,983, reflecting sustained demand for well-positioned properties.

For sellers, strategic pricing and smart presentation are key to standing out. For buyers, increased inventory means more choice and greater negotiating power. As we head into spring, all signs point to a market that will remain dynamic, with opportunities on both sides.
West Toronto Market Spotlight

More inventory, more opportunities – West Toronto is offering buyers greater selection and sellers a market that rewards strategy. While total sales declined year-over-year, detached home prices rose 6.79%, proving that well-positioned properties continue to perform well. Semi-detached prices held steady, while active listings surged, expanding options for buyers ready to make a move.

For buyers, growing inventory means more choice and potential value. For sellers, strategic pricing is leading to strong results. West Toronto remains a market full of possibilities for those ready to act.


The Return of Jen Arron to The Lobby | March 18th
Weaving entirely by hand, Jen Arron will be showcasing her textile masterpieces starting March 18th at The Lobby. Aaron, a Toronto based artist, uses a mix of various fibres – think Turkish cotton, Italian linen and hand-dyed merino wool – when creating her sensorial works of art.

“It’s therapeutic to do because I’m using my hands and really connecting with these raw and reused materials, but it’s [also] therapeutic to look at, because you can sort of look through all the stitches and see all of the work in front of you.”

Her latest exhibit will feature a curation of never-before-seen pieces. Look for more details surrounding Jen Arron’s residence and upcoming workshops at The Lobby.
Learn More

Look Out for Our Spring Issue of Beyond | Read Our Last Issue
Launching later this month – we highlight creative approaches to small spaces, speak to Mark Cohon on what makes Toronto so special, showcase the beautiful work of Jen Arron and celebrate our 25th anniversary!

Coming soon to a mailbox (or inbox) near you!

Storied Homes Walking Tours Are Back
Getting your steps in has never been so fun.  Discover various communities and their architectural storied past with our resident Architectural Historian and Heaps Estrin Agent Alex Corey as your guide.  We will be releasing details about our first Spring Tour next month!