Key Trends: 1. Supply & Demand 📊 • New listings: ⬆️ 21.3% (year-over-year) • Active listings: ⬆️ 58.3% (year-over-year) • Sales: ⬇️ 13.3% (year-over-year) What it means: More homes for sale, fewer buyers. Like a store with more inventory but fewer customers. 2. Prices 💰 • Average price: ⬇️ 4.6% (year-over-year) What it means: Prices adjusting to new market conditions, but not drastically. 3. Market Balance ⚖️ • Months of inventory: 3.8 (up from 3.3) • Sales-to-new listings ratio: 43.5% (down from 50.0%) What it means: Moving towards a balanced market. Buyers gaining more power. 4. Construction 🏗️ • Units under construction: ⬇️ 7.5% (year-over-year) What it means: Fewer new homes being built. Could affect future supply. 5. Economic Factors 📈 • Population: ⬆️ 3.5% (year-over-year) • Unemployment: 7.0% (up from 6.7%) • Mortgage arrears: Steady at 0.13% What it means: Growing population = long-term demand. Slight rise in unemployment may impact short-term demand. Impact on Key Groups: 1. Buyers 🛒 • More choices • Less pressure to decide quickly • Better negotiating power 2. Sellers 🏡 • Homes may take longer to sell • May need to adjust prices • Important to make properties stand out 3. Investors 💼 • Potential for good deals • Need to focus on long-term value • Rental income may become more important 4. Policymakers 📋 • Monitoring economic impact • Balancing housing supply and affordability Remember: Real estate is local. Conditions may vary by area. Always consult local experts for specific advice. Bottom Line: Ontario's market is rebalancing. It offers new opportunities for buyers but requires sellers to adapt. The strong population growth suggests long-term stability despite short-term adjustments.​​​​​​​​​​​​​​​​

Hi , I am Mohamed, I'm a Realtor and also Director of Sales for an AI consulting Firm. Naturally, as someone whose using AI day in and day out, I want to see how I can leverage it to free up time from the mundane. Grateful that Miki has set up this channel, and I'm looking forward to collaborating with the community. BTW.... for real estate, I'm in Orillia, Barrie, and Simcoe County. Happy to network.