The Magazine
The Luxury Real Estate Magazine
Market reports, design, architecture and the stories behind Toronto’s finest addresses, written by The Residences Group since 2015.
Bank of Canada Raises Rates to 2.50%: What the October Decision Means for Toronto Real Estate
The Bank of Canada has raised its policy rate to 2.50%. We examine the implications for Toronto homebuyers, sellers, investors, mortgage rates and the luxury real estate market.
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September 2026 | Market Report
Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales.
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Mull Estate: A Private World of Your Own in Ontario’s Countryside
From the moment you arrive, a canopy of mature spruce trees sets the tone for what lies beyond. The landscape unfolds gradually, revealing open fields, wooded trails, historic structures, and gathering spaces that have evolved over generations. This is an estate of remarkable scale, offering privacy and possibility in equal measure.
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Lifestyle: Staying In Is In
From luscious living rooms to kitchen hubs, today’s most thoughtfully designed homes are built for connection, with elements that shape how we gather, host and live.
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August 2026 | Market Report
Supply is contracting nearly seven times faster than demand. GTA home sales were 5,057 in August 2026, down 2.1%, while new listings fell 14.1%. The average price of $993,410 was down 2.7%, the narrowest annual decline of the year.
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10 Recreational Regions Exempt from the Foreign Buyers’ Ban
With sandy beaches, snow-capped mountains, sparkling lakes, dense forests, and cascading waterfalls, Canada’s diverse landscapes have continued to attract nature lovers from across the world. While the Foreign Buyers’ Ban has created limitations for international buyers, several of Canada’s most captivating recreation destinations remain exempt from the ban.
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First-Time Homeowner: Seasonal Maintenance Starter Guide
Becoming a homeowner for the first time is a significant milestone worth celebrating; however, homeownership comes with more than just the pride of having your own space.
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Travel: You Devil
Pristine beaches, lush valleys, fertile farmland, and world-class food, culture and art, make Tasmania embody the earth’s natural harmonies. Off the coast of Australia, separated from the mainland by the Bass Strait, sits the island state of Tasmania, also known as Lutruwita, named by the Indigenous Palawa people of the region.
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July 2026 market report
Greater Toronto Area (GTA) resale housing market conditions tightened in July 2026 compared the same month a year earlier. Home sales edged slightly lower over that period, while new listings were down substantially. This suggests that active homebuyers faced more competition from other potential purchasers. If this trend continues, average selling prices could level off in the second half of this year. “With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward. If current trends continue, home prices could start to level off compared to last year. Many would-be homebuyers are waiting for confidence in the market and broader economy to improve before making a purchase. This includes more clarity on tariffs, inflation and borrowing costs.”
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Chroma Couture: August - Sunlit Serenity
August is synonymous with long, sun-filled days, warm evenings, and effortless living. This month's palette celebrates the gentle optimism of soft yellows, buttery creams, golden wheat, and delicate chamomile tones. Unlike the vibrant yellows of years past, today's interpretation is subtle and sophisticated, introducing warmth into the home without overpowering the space. These hues create interiors that feel cheerful, inviting, and timelessly elegant.
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The Most Exclusive Gated Communities in the Greater Toronto Area
Gated Communities in the GTA | Luxury Enclaves: Explore the GTA's rarest gated communities, from The National Estates in Vaughan to Swan Lake Village in Markham. A luxury buyer's guide from Sotheby's.
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Spotlight on the Greek Islands: A Summer ‘Odyssey’
An ancient Greek epic has inspired Hollywood’s latest blockbuster. Homer’s enduring mythological tale of “The Odyssey” follows its hero as he makes his 10-year journey home after the Trojan War. Now, Christopher Nolan’s star-studded movie adaptation, featuring Matt Damon as Odysseus, alongside Zendaya, Tom Holland, Lupita Nyong’o, Anne Hathaway and Robert Pattinson, is set to give Greece an equally high billing.
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Inside a Beverly Hills Aerie with Dazzling Views
This seven-bedroom contemporary residence—which boasts an extremely rare second level—has its roots in the early days of the Trousdale Estates enclave while offering a remarkable blend of prestigious location, beguiling design, modern technology, and spellbinding views.
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The Most Important Things to Look For During Open Houses
When looking for your next home, attending open houses can be a valuable way to get a sense of a property beyond what you see online. Photos and listing descriptions can highlight a home’s best features, but visiting in person gives you the opportunity to evaluate how the home feels, functions, and fits your lifestyle. While it can be easy to be influenced by beautiful staging or strong curb appeal, there are several important details buyers should pay close attention to during an open house. Here are some of the most important things to look for when touring a home.
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12 Estate Planning Tips Every Homeowner Should Know
For many Canadians, their home is their largest financial asset. Yet surprisingly, many homeowners spend years building wealth without taking the necessary steps to protect it. Estate planning isn't just about writing a will - it's about making life easier for the people you care about. Whether you're 35 or 85, own one property or several, having a clear estate plan can save your family significant time, money, and stress.
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Trending Now: Geothermal Homes
As energy efficiency and long-term operating costs become increasingly important to homeowners, geothermal heating and cooling systems are becoming more common in new residential developments across Canada.
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June 2026 | Market Report
The June 2026 GTA real estate market report tracks 6,770 home sales across the Greater Toronto Area — a 9.4% year-over-year increase and the strongest monthly gain of 2026 — as new listings fell 12.9% to 17,282 and active inventory declined 13.5% to 27,329, marking six consecutive months of supply contraction. The average selling price reached $1,058,658, with the MLS® HPI Composite Benchmark at $940,800, down 5.4% year-over-year — a gap that has narrowed steadily since January. This monthly market analysis breaks down sales activity and average prices by home type — detached, semi-detached, townhouse, and condo apartment — alongside regional performance data for Toronto, York Region, Halton, Peel, and Durham, macroeconomic indicators including the Bank of Canada overnight rate, Toronto employment growth, and fixed mortgage rates, and a second-half 2026 outlook.
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Chroma Couture: July - Jewel Box Living
July is the perfect time to embrace interiors with confidence. While summer often brings thoughts of light, airy palettes, 2026 is seeing a growing appreciation for rich, saturated colours that add depth and personality to the home. Inspired by precious gemstones, shades of emerald, sapphire, amethyst, garnet, and deep ruby create spaces that feel elegant, expressive, and unmistakably luxurious
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On the Curve: Mexico City Architects Lanza Atelier on the ‘Power of Walls’
The duo behind this summer’s celebrated Serpentine Pavilion in London discuss the sensuality of bricks with Harriet Thorpe A “crinkle-crankle” wall has popped up in London’s Hyde Park, its snaking line softly organic, despite being built from rational, rectangular bricks. Referencing an 18th-century British style with ancient Egyptian origins, it forms part of the 25th annual Serpentine Pavilion, one of architecture’s most prestigious commissions, which this year showcases the vision of Mexico City-based team Lanza Atelier.
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May 2026 | Market Report
The May 2026 GTA real estate market report tracks 6,583 home sales across the Greater Toronto Area — a 6.3% year-over-year increase — as new listings fell sharply by 18.9% to 17,698, tightening supply-demand conditions across Toronto, York Region, Halton, Peel, and Durham. The average selling price reached $1,069,700, with the MLS® HPI Composite Benchmark at $946,500, down 6.7% year-over-year. This monthly market analysis breaks down sales activity and average prices by home type — detached, semi-detached, townhouse, and condo apartment — alongside regional performance data, macroeconomic indicators including the Bank of Canada overnight rate and fixed mortgage rates, and a second-half 2026 outlook. Prepared by The Residences Group at Sotheby's International Realty Canada, this report draws exclusively on TRREB MLS® Market Watch data to give Toronto-area buyers, sellers, and investors the clearest possible read on where the GTA housing market stands — and where it is heading.
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2026 Mid-Year Luxury Outlook Report
The Sotheby’s International Realty® brand’s newly released 2026 Mid-Year Luxury Outlook ® Report provides insights into the trends and developments affecting the global luxury real estate market, which continues to maintain its strength and outperform the general housing market. 1 Still, there are nuances in luxury real estate to explore.
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Lifestyle: Pop Paints
Artist and creative director Donald Robertson has built an illustrious career out of capturing the Zeitgeist. His paintings pair fast and furious brush strokes of exuberant colour with a laser-sharp focus on the intersection of fashion and pop culture.
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Chroma Couture: June - Earthy Warmth
As June welcomes the warmth of early summer, interiors shift toward grounded, sun-baked hues inspired by clay, terracotta, and natural earth. These tones - ranging from soft adobe and muted rust to rich burnt sienna - bring depth, character, and organic beauty into the home.
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April 2026 Toronto Real Estate Market Report
The April 2026 GTA real estate market delivered its strongest year-over-year sales performance in recent memory — 5,946 transactions, up 7% from April 2025 — as new listings declined and inventory continued to contract. The average selling price of $1,051,969 edged higher month-over-month on a seasonally adjusted basis, signalling the market may be approaching the end of its correction cycle. The Residences Group at Sotheby's International Realty breaks down every dimension of the spring market: sales volume, pricing by home type, regional snapshots across the GTA, mortgage rate context, and the supply policy landscape shaping Toronto real estate through 2026 and beyond. Read the full April 2026 Toronto real estate market report here.
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