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Mark Savel

As a lifelong resident of the city, home has always been in midtown Toronto. In creating TorontoLivings, I wanted a place to share my experiences in the city, to educate our clients on the ever-changing market, and show people a side of the City that most don’t see every day.

Jul 03
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Toronto Real Estate Market Update: June 2026

Toronto Real Estate Market Update: June 2026

By Monthly Market Updates

Toronto spent June with its eyes on BMO Field. Between Canada’s historic World Cup opener and five more matches at the stadium, it was hard to find a conversation that didn’t start with soccer. Turns out the real estate market had a pretty good month too… it just didn’t have to fight as hard for headlines.

We reported 6,770 home sales in June — up 9.4% from June 2025, and the third straight month of year-over-year gains. New listings, meanwhile, kept shrinking, down 12.9% compared to last year. Fewer new options, more buyers competing for them: that’s been the story since spring, and June just kept writing it.

Toronto Real Estate Market Update: June 2026

The Headline Numbers

Here’s how the year has unfolded so far:

MonthSalesNew ListingsActive ListingsAvg. Price
January3,08210,77417,975$973,289
February3,86810,70519,314$1,008,968
March5,03914,44221,596$1,017,796
April5,94617,09725,110$1,051,969
May6,58317,69826,927$1,069,700
June6,77017,28227,329$1,058,658

Sales rose 2.8% over May, while new listings actually pulled back 2.3% month-over-month — the first monthly dip in new supply we’ve seen all spring. Active listings kept climbing, but only modestly (up 1.5%), which tells us absorption is finally starting to catch up with inventory.

Prices: The Decline Is Shrinking

The average selling price landed at $1,058,658 in June — still down 3.9% year-over-year, but that annual decline has been narrowing for a few months now. The broader MLS HPI Composite benchmark, which strips out the mix of what happened to sell, was down a steeper 5.4% year-over-year.

Month-over-month, the average price actually dipped slightly (-1.0%) — but on a seasonally adjusted basis, TRREB notes both the average price and the HPI Composite ticked up compared to May. Translation: the raw number moved one way, the underlying trend moved the other. That’s worth sitting with if you’re watching for a bottom.

How Each Home Type Performed

In the City of Toronto, 2,443 homes sold in June — up 6.1% from 2,303 a year ago — at an average price of $1,081,375, down 4.7% from June 2025. New listings fell sharply, down 13.6% year-over-year to 6,096.

Here’s how that broke down by home type within the 416:

Home TypeJune Sales (416)Avg. Price (416)Sales vs. June 2025
Detached792$1,648,440+0.4%
Semi-Detached270$1,264,782-3.2%
Townhouse237$973,232-0.4%
Condo Apartment1,124$665,760+14.3%

Condos were the standout, with sales up over 14% year-over-year — a notable shift for a segment that’s been the city’s slowest mover for the better part of two years, even as condo prices kept easing (down 9.0% from last June). Detached sales held roughly flat, while semis and townhouses saw modest pullbacks in transaction volume.

The World Cup Effect: A Pause Near the Pitch

June wasn’t just a real estate story, it was a soccer one. Toronto hosted five FIFA World Cup 2026 group-stage matches at BMO Field (rebranded Toronto Stadium for the tournament), starting with Canada’s historic home opener on June 12, plus a Fan Festival running at Fort York and The Bentway through mid-July.

If you were house-hunting near Exhibition Place this month, you probably noticed. Road closures, transit crowding, and a steady wave of visiting fans made for a less-than-ideal showing schedule, and we saw it in the data — buyer activity around Fort York and Liberty Village noticeably cooled while the tournament was in town. Sellers in those pockets who’d normally expect brisk June traffic instead found a quieter month, with some showings pushed into July.

Is this a lasting shift or a temporary blip? Almost certainly the latter. Once the tournament wraps and the neighbourhood gets its sidewalks back, we’d expect pent-up interest in Fort York and Liberty Village to resurface — worth watching for anyone with a listing (or a search) in that pocket of the city.

Toronto Real Estate Market Update: June 2026

Rates Hold Steady — What the BoC’s June Decision Means for Buyers

The Bank of Canada held its overnight rate at 2.25% on June 10 — its fifth consecutive hold. Governing Council pointed to a still-uncertain global backdrop, including energy-price volatility tied to the conflict in the Middle East, alongside a domestic economy that remains soft.

For anyone financing a purchase, that means continuity rather than surprise: no fresh relief on borrowing costs this month, but no tightening either. It’s a familiar pattern to anyone who’s followed our past coverage of rate-driven market swings — steady rates tend to bring steady (if unspectacular) buyer confidence, rather than the surges or pullbacks a sudden move can trigger.

Year-to-Date Snapshot

Through the first half of 2026, GTA sales sit at 31,149 — up modestly from 30,844 over the same stretch in 2025. New listings tell a bigger story: down to 88,065 from 103,288. That’s a meaningfully tighter market than this time last year, even with prices still negative on a year-over-year basis (average price down 5.3% YTD).

My Take

TRREB called 2026 a “year of two halves,” and June looks like the moment that prediction started paying off. Sales have now climbed year-over-year for three straight months, new listings are pulling back, and the rate of price decline keeps shrinking rather than growing. None of that is a boom — but it’s a market that’s clearly tightening, World Cup traffic jams aside.

If borrowing costs hold through the second half of the year as the Bank of Canada suggests they might, we could see prices stop falling and start leveling off before year-end. For buyers, that argues for moving sooner rather than later. For sellers who’ve been waiting for “the right time,” the data suggests it might be arriving.

Curious what this means for your specific neighbourhood or situation? I’m always happy to chat — reach out anytime, or sign up for monthly market updates straight to your inbox.

Jun 01
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May Market Update

Toronto Real Estate Market Update: May 2026

By Monthly Market Updates

Spring has brought some welcome momentum back to the Toronto Real Estate market, and after a slow start to the year, I’m seeing that show up clearly in the May numbers. Sales are accelerating, inventory is tightening relative to demand, and prices look like they’re starting to find a floor. Here’s my read on what happened this month and what it could mean if you’re thinking about buying or selling this summer.

The Headline Numbers

6,583 homes sold across the GTA in May — up 6.3% from the 6,195 we saw in May 2025. New listings, meanwhile, fell to 17,698, down 18.9% year-over-year. More buyers, fewer new options: that combination is really the whole story of this spring.

It’s also month three of a trend. Sales rose year-over-year in March, April, and May, after dipping in January and February.

MonthSalesNew ListingsActive ListingsAvg. Price
January3,08210,77417,975$973,289
February3,86810,70519,314$1,008,968
March5,03914,44221,596$1,017,796
April5,94617,09725,110$1,051,969
May6,58317,69826,927$1,069,700

Seasonally adjusted, sales were up 10% over April, while new listings dipped 2.1%!

Prices: Down Year-Over-Year, But Leveling Off

The average selling price hit $1,069,700 in May which was 4.6% below last year. The broader MLS HPI Composite benchmark, which smooths out the mix of what’s actually selling, was down a steeper 6.7% year-over-year.

Here’s the more interesting part, though: on a seasonally adjusted basis, prices actually ticked up slightly month-over-month, and the pace of the year-over-year decline has been easing for a while now. If sales keep strengthening the way they have been, it could indicate we’re closer to a floor than a further slide.

Worth a caveat here: the Bank of Canada held its policy rate at 2.25% for a fifth straight meeting in June, citing elevated oil prices and ongoing trade uncertainty. And fixed mortgage rates have actually crept up recently as bond yields responded to the same geopolitical noise. So while May’s affordability story leaned partly on borrowing costs, that tailwind may be less reliable heading into summer than it looked a month ago.

How the City of Toronto Performed by Home Type

Zooming into the 416 specifically, detached homes led the charge:

Home TypeSales (416, May 2026)Avg. Price (416, May 2026)YoY SalesYoY Price
Detached846$1,610,988+8.9%-6.5%
Semi-Detached283$1,293,268+2.5%+0.6%
Townhouse222$953,982-17.5%-5.5%
Condo Apartment1,009$673,841+4.2%-5.0%

Detached and semi-detached sales grew nicely, while townhouses pulled back… but keep in mind, this is a smaller, more volatile segment where a handful of deals can swing the percentage. Condos, the city’s most crowded category, kept selling in decent volume even as prices softened. Not exactly a comeback tour for condo pricing, but the sales activity suggests demand may be coming back (but slooooowly)

Buyers Still Have Room to Negotiate — For Now

Average days on market landed at 42 in May, down from a January high of 67. That said, homes are still taking a few days longer to sell than they did in May 2025 — which tells me buyers heading into early summer still hold some leverage. Whether that window stays open through July and August is the real question to watch.

Year-to-Date Snapshot

Through the first five months of 2026, GTA sales sit at 24,405 — essentially flat against 24,653 over the same stretch last year. New listings are the bigger story: down to 70,768 from 83,441. Fewer new homes hitting the market, roughly steady demand, that’s the recipe behind the tightening we’ve been tracking all spring.

My Take

I think May reflects real, if fragile, improvement. Buyers came back, listings didn’t keep pace, and prices are behaving like a market finding its footing rather than one still falling. Ontario’s Bill 98 received Royal Assent in early June, aiming to speed up housing approvals and lower development costs province-wide — a trend to watch for anyone thinking about the next few years of supply, not just this summer’s showings.

Will the second half of the year keep this pace up? That depends a lot on interest rates, oil prices, and whether the “affordability improving” story can hold up if borrowing costs tick the wrong way. For now, though, the numbers are a promising sign after a rough start to the year.

Curious what this means for your specific neighbourhood or situation? I’m always happy to chat — reach out anytime, or sign up for monthly market updates straight to your inbox.

May 03
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April Real Estate Market Update

April 2026 Toronto Real Estate Market Update

By Monthly Market Updates

Spring showed up right on schedule this year… and so, it turns out, did buyers!

According to TRREB’s April 2026 market report, realtors reported 5,946 home sales through the MLS System in April, up seven per cent compared to a year earlier. New listings, meanwhile, pulled back 9.3 per cent over the same stretch to 17,097. Put those two numbers side by side and the takeaway is clear: the market’s quietly tightening, even as prices continue to soften. Not the fireworks some were expecting this spring — but a trend worth paying attention to all the same.

April Real Estate Market Update

A Quick Scorecard: April 2026 by the Numbers

Here’s the top-line read from our ongoing market update series:

  • Sales: 5,946 (+7% year-over-year)
  • New listings: 17,097 (‑9.3% year-over-year)
  • Average price: $1,051,969 (‑4.9% year-over-year)
  • MLS® HPI Composite: ‑6.6% year-over-year, but flat month-over-month

That last point matters. Prices are still down compared to a year ago, but they’ve stopped sliding on a monthly basis — which could indicate the market is finding its footing.

Tighter Conditions, Softer Prices

Active listings climbed to 25,110 in April, up over 16 per cent from March, and the average property took 43 days to sell — down from 47 the month before. So even with more homes to choose from, they’re moving a little faster. That’s the kind of push-pull that defines a market in transition: buyers still have plenty of choice, but the days of endless negotiating room might be numbered.

It’s a different picture than what we saw last fall, when the market was just beginning to stir. This spring, the stirring has turned into something closer to a steady walk.

The Rate Backdrop: Why the Bank of Canada Is Staying Put

Interest rates are, as always, part of this story. The Bank of Canada held its policy rate steady at 2.25 per cent at its April 29 announcement — the third hold of the year — as it weighs geopolitical uncertainty and rising energy prices against an otherwise steady economic picture. Inflation has been ticking up on gas prices specifically, and the Bank has signalled it’s watching closely rather than committing to a clear direction.

For anyone with a fixed-rate mortgage, remember that pricing tracks the bond market more than the BoC’s overnight rate — so “hold” doesn’t always mean “no change” on renewal. Compare that to the surge we tracked after 2024’s rate cuts, and it’s clear how sensitive this market remains to borrowing costs.

Segment Snapshot: Condos Lead, Detached Holds Steady

Not every segment moved the same way. Condo apartment sales in the City of Toronto jumped 14.4 per cent year-over-year — the strongest gain of any housing type — while detached sales rose a healthy 9.2 per cent across the GTA. It’s a notable shift for a condo market that’s had its share of headwinds over the past couple of years, and it’s a trend worth watching as spring rolls on.

What This Means If You’re Buying or Selling Right Now

For buyers: With active listings up sharply and rates on hold, you’re still working with some negotiating power — but that window may be narrowing as sales activity picks up. If you’ve been waiting on the sidelines, this could be the moment to start exploring your options.

For sellers: Pricing realistically is more important than ever with over 25,000 active listings competing for buyer attention. Homes that are priced to the current market — not last year’s market — are the ones moving in 43 days instead of sitting. If you’re weighing a listing this season, let’s talk about your strategy.

Looking Ahead

The Bank of Canada’s next rate decision lands June 10, and TRREB continues to push its “Removing Roadblocks” policy report aimed at cutting red tape on new housing supply. Will easing municipal barriers translate into more homes — and more affordability — by summer? That’s the question worth keeping an eye on.

Want these updates delivered straight to your inbox each month? Sign up for our market updates and we’ll keep you in the loop.

Apr 03
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March Real Estate Market Update

Toronto Real Estate Market Update: March 2026

By Monthly Market Updates

Toronto buyers didn’t need a calendar to know winter had overstayed its welcome. Between the snow, the slush, and two straight months of staying indoors, January and February were quiet for reasons that had nothing to do with mortgage rates or listing prices. Then March showed up — and so did the buyers.

The Headline: Sales Finally Turn a Corner

The Toronto Real Estate Board reported 5,039 home sales in March 2026, up 1.7% year-over-year — the first annual increase the region had seen since last September. Sales also climbed 30% month-over-month from February, which is a bigger jump than typical seasonality alone would explain. Clear roads and longer daylight hours don’t show up in a market report, but they clearly showed up in showing schedules.

TRREB President Daniel Steinfeld called it “encouraging,” noting that more GTA households appear ready to take advantage of improved affordability as the spring market gets underway. For a market that’s spent over a year in buyer’s-market territory, that’s a notable shift in tone.

March Real Estate Market Update

What the Numbers Actually Show

Here’s March 2026 at a glance:

  • Sales: 5,039 (+1.7% YoY, +30.3% MoM)
  • New listings: 14,442 (-16.7% YoY, +34.9% MoM)
  • Active listings: 21,596 (-8% YoY, +11.8% MoM)
  • Average price: $1,017,796 (-6.7% YoY)
  • MLS® HPI Composite: down 7.4% YoY
  • Average days on market: 47

New listings are down sharply from last year, but sales grew faster than listings on a seasonally adjusted basis — a sign, per TRREB, that conditions are tightening even with prices still soft. In the City of Toronto specifically, 1,913 sales closed the month, up a modest 0.9% year-over-year.

That’s worth sitting with for a second: sales are up, prices are still down. As confusing as that may sound, it’s exactly what a market looks like when buyers still have the upper hand on negotiating, and are starting to use it.

Detached, Semis, Townhomes & Condos — Who’s Moving

Not every property type moved at the same pace:

Home TypeMarch 2026 SalesAverage Price
Detached574$1,613,066
Semi-Detached170$1,231,967
Townhouse207$959,513
Condo Apartment951$648,287

Condos remained the highest-volume segment by sales count, but they’re also where price softness has been most persistent (a pattern that’s held for much of the past year). Detached homes, by contrast, continue to command a premium and have held their value more consistently. If you’ve been eyeing the condo market, this could be one of those “trend to watch” moments worth keeping an eye on through the spring.

Why Buyers Still Hold the Cards

Two things kept affordability front and centre in March. First, the Bank of Canada held its policy rate at 2.25% on March 18 — its second hold of the year — with inflation easing to 1.8% and the labour market still soft. That stability (for now) means borrowing costs aren’t adding new pressure on top of already-cautious buyers.

Second, buyers simply have more room to negotiate than they’ve had in years. TRREB’s Jason Mercer put it plainly: buyers continued to benefit from “substantial negotiating power” on price, which is exactly why average and benchmark prices are still down year-over-year even as sales pick up. If you’re a first-time buyer trying to figure out how far your down payment can stretch, tools like the FHSA are worth another look in this kind of market.

March Real Estate Market Update

What’s Next — Spring Outlook

Not every forecast is popping champagne just yet. TD Economics recently trimmed its 2026 outlook, now expecting sales to dip slightly and prices to ease modestly nationally — a notable pullback from its earlier call for solid gains in both sales and price. That’s a fair reminder that one good month doesn’t undo a year of caution.

That said, March gave us something worth watching: sales growing faster than listings, buyers stepping off the sidelines, and the first real signs of seasonal momentum. If that trend holds through April and May, this could be the point where selling prices start to level off rather than keep sliding. Will it stick? Toronto’s spring market has surprised us before.

For the full monthly breakdown as it happens, head over to our market update hub or sign up for our monthly market updates so you’re never caught off guard.

Mar 09
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245-251 MARLEE AVE, 1-7 ROMAR CRES & 16 STAYNER AVE

35 & 37-Storey Mixed-Use Towers Proposed for 245–251 Marlee Ave

By Development Applications

A new application has been submitted for 245–251 Marlee Avenue, 1–7 Romar Crescent and 16 Stayner Avenue, the former home of Chalkers Pub, proposing a significant mixed-use development just steps from Glencairn Station.

245-251 MARLEE AVE, 1-7 ROMAR CRES & 16 STAYNER AVE
245-251 MARLEE AVE, 1-7 ROMAR CRES & 16 STAYNER AVE

The proposal calls for two high-rise residential towers rising 35 and 37 storeys above a shared six-storey podium. With 886 residential units and a total gross floor area of 56,872 square metres, this marks another major addition to the evolving Marlee–Glencairn corridor.

Key Numbers at a Glance

  • 35 & 37 storeys
  • 6-storey shared podium
  • 886 residential units
  • 56,872 sq.m. total GFA
  • 660 sq.m. non-residential GFA
  • Floor Space Index (FSI): 11.08
  • 327 vehicle parking spaces

The Proposal in Detail

Building Height & Massing

The development is organized into two towers rising from a common six-storey base. This podium-and-tower typology has become increasingly common in transit-adjacent areas across Toronto, allowing for greater density while maintaining a defined streetwall condition at grade.

245-251 MARLEE AVE, 1-7 ROMAR CRES & 16 STAYNER AVE

At 35 and 37 storeys, the towers would introduce additional height along Marlee Avenue, contributing to the growing vertical profile of the corridor.

Podium & Street-Level Uses

The shared six-storey podium will anchor the site and provide the transition between tower elements and the surrounding streetscape. Within the podium, approximately 660 square metres of non-residential gross floor area is proposed.

While final tenant details are not yet confirmed, this space is intended to support mixed-use activity at grade — aligning with broader planning objectives that encourage animated street edges and walkable neighbourhood design.

What Does an FSI of 11.08 Mean?

Floor Space Index (FSI) measures the total floor area of a building relative to the size of the lot. An FSI of 11.08 means the total proposed floor area is just over eleven times the area of the site itself.

In practical terms, that level of density is typically associated with sites located near higher-order transit and along designated growth corridors. As Toronto continues to direct development toward transit-accessible locations, projects of this scale are increasingly concentrated in these areas.

245-251 MARLEE AVE, 1-7 ROMAR CRES & 16 STAYNER AVE

Transit & Policy Context

The site is located within walking distance of Glencairn Station on Line 1 (Yonge–University), placing it within a well-connected portion of the city’s rapid transit network.

City planning policy has long encouraged intensification near transit infrastructure. The City’s Tall Building Design Guidelines and Official Plan policies support higher density in areas with strong transit access, particularly along arterial roads like Marlee Avenue.

From a policy standpoint, the proposal reflects this broader shift toward transit-supportive growth patterns.

A Growing Pattern Along Marlee, Romar & Stayner

This application joins a growing list of mid- and high-rise proposals in the immediate area.

In recent years, multiple development applications have been submitted along:

  • Marlee Avenue
  • Romar Crescent
  • Stayner Avenue
  • Viewmount Avenue
  • Park Hill Road

Taken together, these proposals indicate a clear pattern of intensification within walking distance of Glencairn Station and the Eglinton corridor. While each application is evaluated independently, the broader trend is notable: the corridor is gradually transitioning from low-rise and mid-rise forms to taller residential buildings.

Parking & Density Considerations

The proposal includes 327 vehicle parking spaces for 886 residential units.

That ratio reflects a transit-oriented approach to development, where proximity to rapid transit can reduce reliance on private vehicles. As policies continue to prioritize sustainable mobility, parking supply is often calibrated to transit access and projected demand rather than traditional suburban standards.

What Happens Next?

At the Site Plan Control stage, the City reviews detailed design elements such as:

  • Building massing and setbacks
  • Streetscape treatment
  • Servicing and access
  • Landscaping and public realm improvements

This process refines the technical and design aspects of the project before construction can proceed. Timelines vary depending on revisions, agency comments, and approval conditions.

245-251 MARLEE AVE, 1-7 ROMAR CRES & 16 STAYNER AVE

Final Thoughts

The proposal for 245–251 Marlee Avenue represents another substantial addition to the Marlee–Glencairn growth corridor.

With two towers reaching 35 and 37 storeys, nearly 900 residential units, and a mixed-use podium, the scale of development reflects the area’s increasing alignment with transit-oriented intensification policies.

As always, we’ll continue monitoring the application as it moves through the planning process. If you’re buying, selling, or investing near Marlee Avenue, Glencairn Station, or the broader Eglinton West corridor, understanding how new supply may shape the neighbourhood is key. If you’d like to discuss what projects like this could mean for property values or future inventory, feel free to reach out by sending us a message below!

Mar 06
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Romar Crescent and Benner Avenue Condo Proposal

40 & 38 Storeys Proposed at Romar Crescent and Benner Avenue

By Development Applications

A New Tall-Building Proposal Beside Benner Park

Glencairn is growing up.

An Official Plan and Zoning By-law Amendment application has been submitted for 15–19 Romar Crescent, 18–22 Benner Avenue, and 8 Stayner Avenue — proposing two residential towers rising 40 and 38 storeys above a shared five-storey podium.

The site sits immediately west of Benner Park and just a short walk from Glencairn Station. For anyone watching this pocket of the city over the past few years, this proposal won’t feel entirely surprising. The Allen corridor and Marlee Avenue area have steadily entered a new phase of intensification — and this is one of the more ambitious submissions to date.

Transit nearby. Park frontage. Underutilized land. According to the city’s growth framework, this is exactly where density is supposed to go.

Romar Crescent and Benner Avenue Condo Proposal
Romar Crescent and Benner Avenue Condo Proposal

Key Numbers at a Glance

  • 40 & 38 storeys
  • 5-storey shared podium
  • 966 dwelling units
  • 229 vehicle parking spaces
  • 655 bicycle parking spaces
  • 57,447 sq. m. total gross floor area
  • Floor Space Index (FSI): 13.63
  • Directly adjacent to Benner Park
  • Walking distance to Glencairn Station

What’s Being Proposed?

Height and Massing

The application proposes two towers rising from a shared mid-rise podium. The podium establishes a five-storey streetwall condition along Benner Avenue and Romar Crescent, with the towers stepping up above.

Architectural elevations show a clear distinction between the two buildings: the taller 40-storey tower oriented toward Benner Avenue and the park, and the 38-storey tower addressing Romar Crescent. The base includes arched architectural detailing at grade, giving the podium a more structured and deliberate street presence.

From an urban design standpoint, this is a full transition into tall-building territory for this immediate block.

Romar Crescent and Benner Avenue Condo Proposal

Unit Count & Density

With 966 proposed residential units and a total gross floor area of 57,447 square metres, the development reaches a proposed FSI of 13.63.

That’s significant density — particularly in an area that, not long ago, was characterized by lower-rise apartment buildings and detached homes.

What does this mean in practical terms? Nearly a thousand new households within steps of rapid transit and parkland. It’s a clear signal that the Glencairn node is being positioned for substantial long-term growth.

Parking & Transit

The proposal includes 229 vehicle parking spaces and 655 bicycle parking spaces.

The parking ratio works out to roughly 0.24 spaces per unit — a strong indicator that this is being designed as a transit-oriented development. Given proximity to the TTC subway and quick access to the Eglinton Crosstown LRT, the reduced reliance on vehicle parking aligns with the City of Toronto’s broader transit-supportive planning policies. In short, this is density built around infrastructure that already exists.

How This Fits Into the Glencairn Growth Story

If you’ve been following development applications around Glencairn Station, you’ll know this isn’t happening in isolation.

Multiple mid- and high-rise proposals have surfaced along Marlee Avenue, Viewmount Avenue, and the surrounding side streets in recent years. What was once considered a quiet residential pocket north of Eglinton is evolving into a recognizable intensification node.

Romar Crescent and Benner Avenue Condo Proposal

The logic is straightforward:

  • Direct subway access via Glencairn Station
  • Immediate connection to Allen Road
  • Quick reach to the Eglinton Crosstown LRT corridor
  • Established community amenities and green space

When transit and underutilized land meet, density typically follows.

This proposal continues that wave.

The Benner Park Relationship

One of the most compelling aspects of this application is its adjacency to Benner Park.

The east-facing elevation fronts directly onto the park, meaning a significant portion of the suites would enjoy open green views rather than facing another tower. From a long-term value perspective, park adjacency has historically proven to be a meaningful differentiator in Toronto’s condo market.

Romar Crescent and Benner Avenue Condo Proposal

At grade, landscaping and street trees are proposed to help frame the building edge and soften the transition between public park space and private development.

Units overlooking green space tend to outperform over time. That’s not speculation — it’s a pattern we’ve seen consistently across the city.

What Happens Next?

This application is currently at the rezoning stage.

That means:

  1. City Planning review
  2. Community consultation meetings
  3. Potential revisions to height, massing, or density
  4. Final decision at City Council

Tall-building proposals often evolve through this process. Heights can shift. Setbacks may change. Density may be redistributed.

In other words, what’s proposed today may not be exactly what’s ultimately approved.

What This Means for Buyers and Sellers Nearby

For homeowners in the Glencairn and Marlee area, proposals like this are a signal.

Increased density typically brings:

  • Infrastructure investment
  • Retail and service growth
  • Stronger rental demand
  • Long-term upward pressure on land values

It can also mean more construction activity and evolving neighbourhood character in the short term. If you own nearby, it’s worth understanding how intensification could impact your property’s positioning over the next five to ten years. If you’re a buyer, this is the type of transformation that can create opportunity — particularly before full build-out and amenity growth take shape.

Final Thoughts

Is Glencairn quietly becoming the next midtown intensification node?

With two towers of 40 and 38 storeys now proposed beside Benner Park, and nearly a thousand units planned — the direction is becoming clearer.

Transit-connected. Park-adjacent. Undergoing steady transformation.

We’ll be watching closely as this application moves through the planning process. If you’d like updates on this development or insight into how ongoing growth around Glencairn Station could impact your buying or selling strategy, feel free to reach out anytime by sending us a message below!

Mar 05
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Parker by Fitzrovia

What Are the Suites Like at Parker by Fitzrovia?

By Purpose Built Rentals

If you’ve toured enough condo rentals in Toronto, you start to recognize the signs of an investor-driven layout. A long, narrow hallway. An awkward corner that doesn’t quite fit a sofa. A bedroom that technically fits a bed… but not much else.

That wasn’t the experience at Parker.

After walking through multiple suites at Parker by Fitzrovia, what stood out immediately was how well thought out the layouts felt. Nothing seemed forced. Nothing felt like wasted space. The flow from kitchen to living to bedroom made sense — and that’s rarer than it should be in the Midtown rental market.

So what are the suites actually like at Parker — and how do they compare to the typical resale condo rental around Yonge & Eglinton? Let’s take a closer look!

Parker by Fitzrovia

Thoughtful Layouts (Finally)

One of the biggest advantages of purpose-built rental is that it’s designed for renters from day one — not for investors first and tenants second.

At Parker, that difference shows up in the floorplans.

Living areas feel usable. Kitchens are positioned logically rather than crammed along a wall just to maximize bedroom count. Bedrooms have proportions that allow for proper furniture placement. Even in more compact layouts, circulation space feels intentional rather than leftover.

Parker by Fitzrovia

Compared to many resale condos in Midtown — particularly investor-heavy buildings from the early 2010s — Parker’s suites avoid the awkward angles, excessive hallway space, and undersized rooms we often see when touring rentals with clients.

Kitchens That Feel Condo-Level (Or Better)

The kitchens are where Parker truly separates itself from many rental competitors.

Suites feature full-size stainless steel appliances, integrated microwaves, modern cabinetry, and clean quartz-style countertops. The overall aesthetic is contemporary without feeling trendy — which matters if you’re planning to stay for several years.

Parker by Fitzrovia

During our visit, the appliance packages felt substantial. This didn’t feel like a 24-inch investor-grade kitchen squeezed into a corner. It felt functional. There’s enough prep space to actually cook. Enough storage to keep countertops clear. And finishes that wouldn’t feel out of place in a mid-range ownership condo.

For renters who value design — especially in a neighbourhood like Yonge & Eglinton where lifestyle plays a big role — that matters.

Parker by Fitzrovia

Finishes That Feel Right

The overall interior palette at Parker leans light and modern. Neutral flooring, clean-lined cabinetry, and contemporary bathroom finishes create a cohesive look across unit types. Bathrooms feel streamlined and practical, with modern vanities and well-integrated storage. Bedrooms are bright and easy to furnish.

What impressed us most was the consistency. The finishes didn’t feel like a marketing upgrade layered over builder-basic construction. They felt integrated into the design language of the building.

And for renters planning to stay more than a year or two, that consistency matters. It’s the difference between a temporary space and a home you’re comfortable settling into.

Parker by Fitzrovia

Smart Tech & Connected Living

Parker also integrates technology in a way that feels modern but not gimmicky.

Suites include app-controlled NEST thermostats and keyless entry to both suites and common areas. The Parker App ties everything together, creating a more seamless living experience.

In contrast, many resale condo rentals still rely on physical keys, older thermostats, and landlord-dependent upgrades.

Here, the tech is standardized and managed — part of a broader ecosystem rather than an individual landlord’s decision.

Who These Suites Are Really For

The suites at Parker will resonate most with renters who care about more than just square footage.

They’re ideal for professionals who want clean design and functional layouts. Downsizers who aren’t ready to compromise on finish quality. Renters who have lived in resale condos before and are ready for something more cohesive.

And if you’re already exploring Parker’s amenities — from the rooftop infinity pool to the two-storey fitness facility — the suite design complements that lifestyle rather than feeling disconnected from it.

Parker by Fitzrovia

If you’re considering renting at Parker by Fitzrovia and want to review current floorplans, availability, or incentives, feel free to connect with us directly. We’re happy to walk you through how the different layouts compare — and how Parker stacks up against other Midtown rental options.

Because sometimes, it’s not about having more space… It’s about having smarter space!

Mar 04
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1410 Eglinton West

43-Storey Tower Proposed for 1410 Eglinton Avenue West

By Development Applications

Eglinton Avenue West continues to evolve — and the latest proposal at 1410 Eglinton Avenue West adds another significant piece to that story.

A rezoning application has been submitted to redevelop the site with a 43-storey mixed-use building featuring a six-storey podium and a residential tower above. With 442 proposed units and a Floor Space Index (FSI) of 24.77, this application represents one of the more substantial intensification proposals along this stretch of the corridor. Let’s take a closer look at what’s being proposed, and what it could mean for Eglinton West.

1410 Eglinton West

Key Numbers at a Glance

  • Height: 43 storeys
  • Podium: 6 storeys
  • Total Gross Floor Area: ~29,622.7 sq. m.
    • ~183.4 sq. m. retail
    • ~29,438.3 sq. m. residential
  • Total Residential Units: 442
  • Net FSI: 24.77
  • Lot Coverage: ~71%
  • Amenity Space: Indoor amenity on Levels 2 and 3
  • Architect: Turner Fleischer

Site Context: A Changing Stretch of Eglinton West

1410 Eglinton Avenue West sits along a corridor that has seen a noticeable shift in planning applications over the past few years. With the Crosstown LRT now operational, sites within walking distance of transit stops are increasingly being positioned for higher-density redevelopment.

This proposal follows a pattern we’ve seen in other recent applications nearby — including towers proposed on Park Hill Road, Marlee Avenue, Stayner Avenue, and Romar Crescent. While each site differs in scale and configuration, the common thread is clear: proximity to higher-order public transit is driving increased height and density.

Eglinton West, in particular, appears to be entering a new phase — transitioning from predominantly mid-rise and low-rise conditions toward a more vertical built form along key nodes.

Built Form Breakdown

The Six-Storey Podium

The proposal features a six-storey podium designed to anchor the building along the street. At grade, the plan includes retail space (approximately 183 square metres) alongside the residential lobby, helping maintain an active frontage along Eglinton Avenue West.

1410 Eglinton West

Indoor amenity space is proposed on the second floor, with additional amenity and residential uses integrated into the third floor. Above that, the podium levels transition fully into residential units before the tower rises above.

The podium form is intended to reinforce the streetwall condition while stepping up to accommodate the tower element.

The Residential Tower

Above the podium, the 43-storey tower contains the majority of the 442 residential units. The tower floorplates appear compact and efficient, organized around a central core layout typical of contemporary high-rise design. With a total residential gross floor area of approximately 29,438 square metres, the project is overwhelmingly residential in nature, with only a modest retail component at grade.

1410 Eglinton West

What Does a 24.77 FSI Mean?

Floor Space Index (FSI) is a measure of density. It represents the ratio of a building’s total gross floor area compared to the size of the lot it sits on.

An FSI of 24.77 means the building contains nearly 25 times the lot area in total floor space. In practical terms, that signals a high-density urban development — the kind typically associated with major transit corridors and designated growth areas.

For comparison, low-rise neighbourhoods often operate at FSIs under 1.0, while mid-rise avenues might range between 3.0 and 6.0. An FSI approaching 25 reflects a significant intensification of land use.

This level of density is increasingly common near rapid transit infrastructure, where planning policy encourages more residents within walking distance of stations.

Transit-Oriented Development Along Eglinton West

The transformation of Eglinton Avenue West is closely tied to long-term transit investment. The Crosstown LRT has reshaped expectations for what this corridor can support in terms of built form and population growth.

Recent proposals along Park Hill Road (48 storeys), Marlee Avenue (26 storeys), Stayner Avenue (37 storeys), and Viewmount and Romar (36 and 39 storeys) reflect a similar trend: taller buildings clustered near transit access.

While each application will undergo detailed review and potential revisions through the rezoning process, the broader direction is consistent. Transit proximity continues to serve as the primary driver of height and density across the corridor.

Unit Count & Density Commentary

With 442 proposed residential units, this development would introduce a meaningful increase in population along Eglinton West.

Given the overall residential gross floor area and tower configuration, the unit mix is likely weighted toward one- and two-bedroom layouts, though final details would be confirmed through subsequent submission materials.

1410 Eglinton West

Amenity space distributed within the podium levels helps support this density internally, though the project remains largely residential in character.

Neighbourhood Implications

A 43-storey building represents a notable addition to the skyline along this stretch of Eglinton West. As additional proposals move forward in the area, a more vertical urban form is gradually emerging.

Retail at grade, increased residential population, and proximity to transit all point toward continued corridor intensification. Whether in its current form or a revised iteration, this application reinforces a broader shift already underway.

Eglinton West is evolving quickly — and projects like this illustrate how significantly the built environment may change over the coming decade.

What Happens Next?

The proposal is currently in the rezoning stage and will be subject to City review, technical studies, and community consultation. As with most applications of this scale, revisions are possible before any final approval. Timelines can vary, but large-scale projects such as this often take several years to progress from initial submission to potential construction.

Final Thoughts

The 43-storey proposal at 1410 Eglinton Avenue West is another clear signal of where this corridor is heading. With high-density development clustering near transit and multiple tall-building applications in motion, Eglinton West is steadily transitioning into a more vertical, transit-oriented urban environment.

For homeowners, investors, and future buyers, understanding what’s proposed — not just what’s built — is becoming increasingly important along this stretch of the city.

Thinking About Buying or Selling Along Eglinton West?

As new development continues to reshape the corridor, future supply, transit access, and neighbourhood change can all influence property values. If you’re considering buying or selling in the area and want to understand how upcoming projects may impact your decision, feel free to reach out for a conversation by sending us a message below!

Mar 03
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February in Toronto

Toronto Real Estate Market Update: February 2026

By Monthly Market Updates

According to the calendar, spring is still weeks away. According to February’s numbers, Toronto’s housing market was already clearing its throat. Sales dipped, new listings dipped even faster, and buyers kept doing what they’ve done for months now… watching, waiting, running the numbers one more time.

But here’s the twist: not every corner of the 416 sat still. Detached and townhouse sales actually grew year-over-year, even as prices cooled. So was February a slow month, or a quiet setup for something bigger this spring? Let’s take a look!

February in Toronto

The Numbers at a Glance

In the 416, February 2026 looked like this compared to February 2025:

  • Sales: 1,491, down from 1,575 — a dip of about 5.3%
  • New listings: 4,035, down from 4,991 — a decline of roughly 19.2%
  • Average price: $1,019,144, down from $1,089,187 — off by about 6.4%
  • MLS HPI Composite (City of Toronto): down 8.08% year-over-year, according to TRREB’s February 2026 Market Watch report

A Sales Split: Where the City Held Steady

Here’s where it gets interesting. Not every segment of the 416 told the same story last month:

  • Detached homes: 437 sales, actually up 3.6% year-over-year, though average price eased to $1,568,543 (down 11.4%)
  • Semi-detached: 150 sales, down 3.8%, while average price ticked up 4.6% to $1,229,853
  • Townhouses: 153 sales, up 2.7%, with average price down 4.6% to $980,175
  • Condo apartments: 733 sales, down 12.3% — the softest segment by far — with average price down 8.1% to $663,984

So while the condo market continues to face the most pressure on both price and demand, detached and townhouse sales actually grew year-over-year. That’s worth sitting with for a second: even in a “down” month, two of four housing types saw more buyers close deals than they did a year ago.

Why Prices and Listings Cooled

The short version? Buyers are waiting for clarity. TRREB Chief Information Officer Jason Mercer put it plainly in the board’s February release, noting that more than 100,000 GTA buyers are holding off on a purchase while they wait for prices to level off and for “positive news on the trade front” (TRREB Market Watch).

That hesitation lines up with the broader economic backdrop. The Bank of Canada opened 2026 by holding its policy rate steady at 2.25%, continuing a pause that began in December, as it weighed ongoing uncertainty around U.S. trade policy (Canadian Mortgage Professional). Steady rates are one less variable for buyers to worry about — but “steady” isn’t quite the same as “confidence-inspiring,” and that shows up in February’s listing numbers.

February in Toronto

The Month-Over-Month Bounce

Here’s the part that didn’t make many headlines: on a month-over-month basis, every single housing type in the 416 saw sales and prices climb from January to February.

  • Detached sales rose about 51% month-over-month, with average price up 1.7%
  • Semi-detached sales rose about 56%, with average price up 7.3%
  • Townhouse sales rose about 35%, with average price up nearly 12%
  • Condo sales rose about 29%, with average price up 5.1%

Some of that is simply seasonal — January is typically the slowest month of the year. But a broad-based lift like this, across every category, is a trend to watch heading into the spring market.

Year-to-Date: Where 2026 Stands

Looking at the City of Toronto’s first two months combined, 2026 is trailing 2025:

  • Sales: 2,562 vs. 2,948 (down 13.1%)
  • New listings: 8,115 vs. 9,732 (down 16.6%)
  • Average price: $989,346 vs. $1,041,180 (down 5.0%)

That said, TRREB’s own outlook — echoed in coverage from Storeys — points to tightening supply as a setup for stronger activity in the second half of the year, as reduced competition from new listings could eventually support both sales and pricing.

What This Means If You’re Buying or Selling

For buyers, this is still a market with real negotiating room, particularly in the condo segment where both price and competition remain soft. For sellers of detached and townhouse properties, February’s sales growth is a signal that qualified buyers are out there — even if fewer of your neighbours are listing alongside you.

Either way, timing matters more than headlines. If you’re weighing a move this spring, it’s worth getting a read on your specific pocket of the 416 before making a decision. Check out our Toronto real estate market update hub for ongoing coverage, or find out what your home is worth in today’s market. Want this kind of breakdown in your inbox every month? Sign up for our market updates and stay ahead of the curve.

Mar 03
Love0

Two Rental Towers Proposed Next to Glencairn Station

By Development Applications

If you’ve ever walked out of Glencairn Station and looked east toward Benner Park, you’ve likely noticed how low-rise and quiet this pocket still feels. That may be changing.

A significant purpose-built rental development has been proposed at 253–263 Viewmount Avenue and 12–18 Romar Crescent, immediately east of Allen Road and directly adjacent to Glencairn Station.

The application seeks to introduce two residential towers connected by a shared podium, along with a new public park expansion and a mid-block pedestrian connection. In total, 1,033 rental units are proposed on lands that today are designated Neighbourhoods.

The project is currently under review through a combined Official Plan Amendment and Zoning By-law Amendment process, marking one of the most substantial redevelopment proposals this immediate Glencairn pocket has seen to date.

Key Numbers at a Glance

  • 36 and 39 storeys
  • Four-storey base building with a seven-storey podium connection
  • 1,033 purpose-built rental units
  • 58,323 sq. m of total gross floor area
  • FSI: 10.34
  • 3,692 sq. m of amenity space (3.5 sq. m per unit)
  • 565 sq. m parkland dedication expanding Benner Park

What’s Being Proposed

According to the Planning Rationale and supporting materials, the proposal consists of two residential towers rising 36 and 39 storeys, connected by a shared podium structure. The development would introduce 1,033 purpose-built rental apartments in a location directly beside Glencairn subway station.

The towers sit atop a four-storey base building, with a seven-storey podium element that helps frame the public realm and connect the two buildings internally.

The total proposed gross floor area is 58,323 square metres, resulting in a Floor Space Index (FSI) of 10.34. The application also proposes a landscaped public realm strategy that would see 41% of the net site area dedicated to landscaped open space, increasing to 46% when the parkland dedication is included.

A Transit-Oriented Location

The site sits immediately adjacent to Glencairn Station on Line 1 of the TTC subway system. City planning documents identify this area as appropriate for transit-supportive intensification, particularly given its proximity to higher-order transit and the Eglinton Crosstown LRT corridor to the south.

Toronto City Council approved the Glencairn Station Planning Study in June 2022, acknowledging the potential for a transition toward a higher-density, transit-oriented community in this pocket between Marlee Avenue and Allen Road.

The Planning Rationale notes that the current Neighbourhoods designation reflects historical development patterns that pre-date the adjacent subway infrastructure. The application proposes to redesignate the lands to Apartment Neighbourhoods and Parks in order to facilitate higher-density residential development consistent with Major Transit Station Area policy direction.

Built Form: Height, Massing & Separation

The proposed towers reach 36 and 39 storeys, creating variation in height and visual interest within the skyline. The tower floor plates measure approximately 800 square metres. While this exceeds the 750 square metre guideline referenced in the City’s Tall Building Guidelines, the proposal provides a 30-metre tower separation distance.

Each tower is stepped back three metres above the podium levels along Viewmount Avenue and Romar Crescent. The towers are also offset to help minimize shadow overlap and preserve views between buildings.

Public Realm & Park Expansion

Parkland Dedication

The proposal includes a 565 square metre parkland dedication that would expand Benner Park. This new open space would create a direct pedestrian and cycling connection into the existing park and onward to Glencairn Station.

The parkland dedication is proposed to be rezoned as Open Space through the Zoning By-law Amendment.

Pedestrian Priority Lane

A new private mid-block connection, referred to as a Pedestrian Priority Lane, would run north–south between Viewmount Avenue and Romar Crescent. The laneway is designed as a curbless space with a 6-metre pavement width and a 2.1-metre pedestrian clearway.

The main residential lobby entrance is located along this laneway, set back to provide seating and landscaped gathering areas. Servicing and loading are accommodated internally to limit impacts on the public streetscape.

Streetscape Improvements

The development proposes new sidewalks along Romar Crescent, which currently lacks pedestrian infrastructure. Viewmount Avenue would see improved boulevard conditions, including street trees, planting beds, and a 2.1-metre pedestrian clearway.

The combined landscaping strategy results in a significant proportion of the site being dedicated to open space.

Amenity Strategy

The proposal includes 3,692 square metres of amenity space, equating to 3.5 square metres per unit. Of this, 1.25 square metres per unit is indoor amenity space and 2.25 square metres per unit is outdoor shared space, not including private balconies.

Indoor amenities are distributed across multiple floors and include uses such as a pet spa, children’s play area, and resident lounges. Outdoor amenity spaces are located on various levels, including upper-floor terraces designed to receive sun exposure at different times of day.

Private balconies and terraces are provided throughout the building.

What This Means for the Glencairn Area

If approved, this proposal would introduce over 1,000 purpose-built rental units immediately adjacent to existing subway infrastructure. It would also formalize the transition of this pocket from low-rise residential to a higher-density, transit-supportive built form.

The application remains under review and will be evaluated against City policies, built form guidelines, and public feedback before any final decision is made.

Residents in the area can expect further consultation and refinement as the process moves forward.

If you live near Glencairn Station or are considering buying or selling in the surrounding neighbourhood, feel free to reach out for updates on how this and other proposals may shape the area.