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Janey Luong Realtor

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Janey Luong Realtor

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Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Janey Luong Realtor, Estate agent, 8 Sampson Mews, Suite 201, Toronto, ON.

11/04/2026

Toronto Condo Closings Reveal Deeper Debt
We’re seeing Toronto’s condo market correction surface some deeper financial challenges—especially for those closing on preconstruction units. When appraisal values come in below the original purchase price, buyers often find themselves scrambling to make up the shortfall. It’s not just about securing the mortgage: on-time payments can sometimes mask rising household debt, whether it’s credit cards, lines of credit, or even rental property losses. The real question becomes, what’s actually funding your household gap? Paying down cards is a start, but if there’s an ongoing shortfall—like rental losses or other deficits—balances can build right back up. I’ve come across situations like a $350,000 interest-only second mortgage at nearly 10%, with upfront charges around $44,500 and total first-year costs reaching about 26% of net cash. For anyone navigating these challenges, it’s important to look at the full financial picture. Successfully closing on a condo is just one piece; making sure the numbers work for your household over the long run is key.

11/03/2026

State of Housing: Has Toronto Done Enough To Encourage Housing Growth?
Toronto has made strides with reduced charges, new incentives, and policy reforms aimed at boosting housing growth, but getting approved projects from paper to construction is still a complex process. Financing, infrastructure, labor shortages, and market dynamics continue to slow progress. As someone who navigates these challenges daily for clients and keeps a close eye on every phase from approval to closing, I see how coordination between stakeholders and meaningful, long-term reforms are essential for real results. The path to real housing growth will depend not just on policies, but on how well all the pieces work together.

11/02/2026

Toronto Listings Fall Faster Than Sales
We’ve seen some interesting shifts in the GTA real estate market as we moved through late Q3. Home sales reached 5,040—about 9% lower than last year—but what really stands out is that new listings dropped even more sharply, down roughly 14% to 16,500. This actually nudged the sales-to-new-listings ratio up to about 31% (from 29%), not because more buyers jumped in, but because fewer properties hit the market.

Average selling prices and benchmark prices both slipped by around 5% year-over-year, and active listings wrapped up late Q3 at 26,100—down 9%—leaving inventory stable at roughly 5.2 months of sales. On average, sold homes spent 34 days on the market, but when you factor in relisting, the true exposure was closer to 51 days. This is a good reminder that a short listing period doesn’t always tell the full story.

Interestingly, GTA’s raw average price ticked up month-over-month to $1.01M, but when adjusted for market factors, prices still trended lower. With smaller inventory, it’s important to keep a close eye on comparables when setting asking prices—automatic increases aren’t a given in this kind of environment. As always, if you’re watching the numbers or planning your own next step, context is everything.

10/31/2026

Toronto Homebuyers Gain Opportunities as Prices Ease Again
Toronto’s housing market is feeling the effects of higher borrowing costs—September saw average home prices dip 0.5%, now sitting at $924,600. That’s a 4.7% decrease from last year. Home sales also fell by 5.2%, with new listings down 3.8%. Economic uncertainty and rising loan costs are clearly having an impact on both buyers and sellers. As someone who’s closely watching market trends at Royal Lepage Signature Realty, I know these numbers can feel daunting. If you’re weighing your next move, staying informed is key—understanding what’s happening today lays the groundwork for confident decisions tomorrow.
https://www.roomvu.com/agent-news/janey-luong/2138559-Toronto-Homebuyers-Gain-Opportunities-as-Prices-Ease-Again

10/30/2026

Happy Halloween

10/29/2026

Toronto Condo Supply Faces Tariff Exposure
Lately, Toronto’s condo market has been navigating some real supply-side headwinds. As trade tensions drive up construction costs—especially for materials like steel and fabricated metals—new condo starts have actually declined, which leaves the city’s future supply even more exposed to price volatility. According to the latest federal construction index, fabricated metal costs rose by 2.1% last quarter, while structural steel climbed 1.8%. That’s a real concern in Toronto, where most projects are still heavily dependent on steel and rebar, and where overall material prices have been running high. With fewer new condos breaking ground, there’s less of a buffer if material costs spike again. For Toronto buyers and investors, the message is clear: the combination of slower project starts and pricier steel has made the market more sensitive to supply-side pressures. As always, staying informed is key to making smart decisions in our ever-changing market.

10/27/2026

Toronto Housing Market | 2026 Home Prices
Taking a closer look at the Toronto housing market’s recent movements: we've seen a 2.1% dip in sales and a notable 14.1% drop in new listings, signaling a tightening in available options. Average home prices now sit at approximately $993,410, reflecting a 4.5% decrease across condos, townhouses, and single-family homes. As someone who tracks these shifts daily at Royal Lepage Signature Realty, I know how every change can impact your next move—whether you’re buying, selling, or just keeping informed. Staying aware of these trends helps you make confident decisions in a dynamic market.

10/26/2026

Toronto Housing Market Sharply Reverses
Toronto’s housing market has taken a notable turn this year, with inflation-adjusted home prices dropping around 10%—the biggest reset among major global cities. The benchmark composite price has softened as well, down approximately 5% from last year and sitting near $931,000. While central condo affordability may appear to have improved when looking solely at income, factoring in mortgage interest, maintenance, taxes, and risk premiums reveals that the true cost of ownership remains well above renting. For those of us guiding buyers and sellers, this creates a brief window of opportunity: prices have become more approachable, but if demand bounces back before new supply hits the market, conditions could tighten quickly. To restore 2019-level affordability, Toronto needs to boost annual housing starts by about 50% over the next decade—a reminder of the ongoing supply challenge we face. If you’d like to see how these shifts could impact your next move, my listings and office resources are always up to date.

10/24/2026

'Bumpy and even': RBC Economics releases latest housing market outlook
RBC Economics has just released their latest outlook on Canada’s housing market, and it’s clear that we’re seeing a mix of challenges and opportunities across different regions. Home resale activity is down and prices are easing in Ontario, Vancouver, and Montreal, while Toronto’s recovery has hit a pause. Vancouver is contending with higher inventory levels, yet Calgary is showing impressive stability. As someone who helps clients navigate these shifting markets every day at Royal Lepage Signature Realty, I know how important it is to stay informed—our path to recovery will be anything but uniform. If you’re keeping an eye on where things are headed or want to explore what these trends mean for your real estate goals, I’m always happy to share insights from my experience and discuss how these changes might impact your next steps.
https://www.roomvu.com/agent-news/janey-luong/2142064-%27Bumpy-and-even%27%3A-RBC-Economics-releases-latest-housing-mark

10/21/2026

Toronto Falls Into Moderate Bubble Risk
Toronto's housing market is making headlines again—this time, ranked among the weakest of 23 major cities tracked by a leading global wealth manager. We’ve seen a steep annual price drop of around 11%, the largest decline in the group. For those who remember the surge from 2014 to 2022, when Toronto home prices doubled on the back of booming population growth, investor enthusiasm, and a flurry of construction, this is quite a shift. Since 2022, a combination of higher interest rates, the foreign-buyer ban, and increased housing supply has triggered a sharp correction. Prices now sit nearly 30% below their peak. The report now places Toronto in the moderate bubble-risk category, largely because the correction has narrowed the gap between home prices and what local buyers can actually afford. For buyers and sellers, it’s important to be aware that the outlook suggests continued price pressure, especially as inventory climbs, growth slows, and the possibility of further rate hikes keeps some on the sidelines. As a real estate agent at Royal Lepage Signature Realty, I keep a close eye on these shifts to help you navigate your next move with up-to-date insight.

Address

8 Sampson Mews, Suite 201
Toronto, ON
M3C0H5

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	9am - 5pm
Sunday	9am - 5pm

Telephone

+14165602827

Website

http://www.greattorontohome.com/

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