Dexter Romano - Real Estate

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Dexter Romano - Real Estate Offers representation for both buyers and sellers alike in the real estate industry. Don't know where to start? Let's talk!

'Bumpy and even': RBC Economics releases latest housing market outlookRBC Economics just released its latest outlook, hi...
10/27/2026

'Bumpy and even': RBC Economics releases latest housing market outlook
RBC Economics just released its latest outlook, highlighting how Canada’s housing market is anything but uniform right now. In Ontario, Vancouver, and Montreal, we’re seeing home resales dip and prices ease off—a trend that’s especially noticeable here in Toronto, where the recovery seems to have lost some steam. In contrast, Vancouver is contending with a surge in inventory, while Calgary’s market is holding steady. As someone deeply familiar with the Scarborough and Greater Toronto area, I can say this uneven landscape means local dynamics matter more than ever when making real estate decisions. Navigating these shifts takes a close eye on the numbers and a grounded understanding of what’s happening on the ground.


https://www.roomvu.com/agent-news/dexter-romano/2142064-%27Bumpy-and-even%27%3A-RBC-Economics-releases-latest-housing-mark

10/23/2026

Toronto Homebuyers Gain Opportunities as Prices Ease Again
September brought another dip in Toronto home prices, with the average now at $924,600—a 0.5% decrease from August, and 4.7% lower than last year. Sales have also slowed, down 5.2%, while new listings dropped by 3.8%. It’s clear that rising borrowing costs and a changing economic landscape are having a real impact on both buyers and sellers. As someone who works closely with Scarborough homeowners and buyers, I see how market shifts like these shape real estate decisions every day. If you’re weighing your next move, understanding these trends is key to making informed choices.

10/22/2026

Toronto Condo Closings Reveal Deeper Debt
We're seeing some revealing trends in Toronto's condo market. Many preconstruction buyers are running into appraisal gaps—meaning the lender's valuation is coming in lower than what was originally paid. This often leaves buyers scrambling to find extra funds at closing. As someone who works closely with families and investors in Scarborough and across the GTA, I always stress the importance of looking beyond just your mortgage payments. On-time payments can give a sense of security, but rising balances on cards, lines of credit, or losses from rental properties may be quietly building up. One real-world case highlighted a $350,000 interest-only second mortgage at nearly 10%, with about $44,500 in upfront fees—making the first year’s cost close to 26% of the net cash received. When reviewing your plans, ask yourself: What are you really borrowing for, and are you just covering shortfalls? Paying down credit cards helps, but if household budgets or rental income aren’t adding up, those balances can quickly grow again. The key isn’t just closing on a condo—it’s having a plan you can truly manage for the long run.

10/21/2026

Toronto Buyers Are Combining Condo Units
There’s an interesting trend emerging in Toronto’s condo presale market: buyers are combining units to create larger, more livable homes. Projects near Yorkville and the Annex, for example, have already sold about 40% of their suites, with many purchasers blending smaller units into custom homes averaging around $3M. Meanwhile, a development in north Toronto responded to demand by reducing its planned unit count to about 500, resulting in more spacious two- and three-bedroom layouts. Both projects are clearly appealing to downsizers and those seeking a higher standard of comfort, even if it means a slower pace of sales compared to the city’s previous condo boom. One development is even moving forward with its own capital, while another aims to start construction in 2027 after hitting key financing milestones. As someone who’s always watching for new opportunities in the Greater Toronto market, I find these shifts toward end-user needs and flexible design especially worth noting for anyone considering their next move.

10/14/2026

Toronto Housing Market Sharply Reverses
Toronto’s housing market has seen a notable shift recently, with inflation-adjusted home prices sliding about 10% year-over-year—marking the sharpest correction among cities globally. Benchmark prices have also dipped, with the composite home-price now down approximately 5% from last year on a seasonally adjusted basis, hovering around $931,000. While central condo affordability has improved when looking at income alone, factoring in mortgage interest, maintenance, taxes, and risk premium still keeps ownership costs well above those of renting. For those navigating the market, this creates a narrow window—softer prices could quickly tighten again if demand bounces back before supply catches up. What’s clear is that Toronto needs to boost annual housing starts by at least 50% over the next decade just to regain 2019 levels of affordability. As someone who serves Scarborough and understands the pulse of our local market, I’m always tracking these shifts to help my clients make well-informed decisions.

Canadian Housing Affordability Remains Stable in Many RegionsWe’ve seen a modest boost in housing affordability across C...
10/13/2026

Canadian Housing Affordability Remains Stable in Many Regions
We’ve seen a modest boost in housing affordability across Canada in Q2, thanks to rising incomes and stable home prices. While markets like Vancouver and Toronto experienced some positive movement, a few Prairie and Atlantic regions faced a different trend with affordability slipping. Looking ahead, there’s a possibility that rising interest rates could impact costs again by 2027. Navigating these shifts in the housing market is part of what I focus on for clients here in Scarborough. Each area tells its own story, and understanding these local changes is key to finding the right opportunity.


https://www.roomvu.com/agent-news/dexter-romano/2111755-Canadian-Housing-Affordability-Remains-Stable-in-Many-Region

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