Sami Chowdhury

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Sami Chowdhury

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As a Realtor®, I focus on offering my clients insight and perspective on current real estate market trends.

10/22/2026

GTA HOME PRICES ARE DOWN — BUT HERE'S WHAT MOST HOMEOWNERS NEED TO UNDERSTAND.
The September 2026 housing market report is out, and the numbers reveal some important changes across Toronto and the GTA.
According to TRREB:
• Home sales: 5,040 — down 9.0%
• Average selling price: $1,006,409 — down 5.1%
• New listings: 16,500 — down 14.4%
• Active listings: 26,131 — down 9.3%
Here's what makes this interesting.
There are fewer homes available for sale than there were a year ago. Normally, less supply can create competition among buyers.
But prices are still declining.
Why?
Because buyers are being more selective. They're looking carefully at price, location, condition, mortgage affordability and the other properties available to them.
But that doesn't mean every neighbourhood is struggling.
In September, Toronto East recorded an average selling-price-to-listing-price ratio of 101%. For semi-detached homes, that figure reached 108%.
This shows that some well-positioned properties are still attracting competitive interest.
For homeowners: Your property's value depends on recent comparable sales, not simply the GTA average.
For buyers: Lower prices may offer opportunities, but not every listing is a bargain.
For investors: Lower purchase prices need to be considered alongside rental income and operating expenses.
My advice is simple: understand your neighbourhood before making your next real estate decision.
Thinking about buying or selling?
Request your September 2026 Neighbourhood Market Review to see how your local market is performing.

Sami Chowdhury
Real Estate Broker | RE/MAX Realtron Realty Inc., Brokerage

10/16/2026

Condo Strategy

Condo buyers are not looking only at price.

They are looking at total monthly carrying cost:
mortgage,
maintenance fees,
property tax,
parking,
locker,
utilities,
insurance,
and building condition.

That means the best unit is not always the cheapest unit.
It is the one that is easiest to carry or clearly offers better value.

For condo sellers, marketing must go beyond square footage and finishes.
Show the full value:

layout, building quality, fees, parking, location, transit, and monthly affordability.
For buyers, compare every similar unit in the building before offering.

10/15/2026

Policy Watch

Toronto’s development-charge reductions are meant to support future housing supply.

This matters because development charges, approval timelines, infrastructure costs, and financing conditions all affect whether new housing projects move forward.

But this is important:
Policy changes do not immediately change today’s resale value.
They matter more for future project viability, long-term supply, and affordability discussions.

For today’s buyers and sellers, resale value still depends on:
current demand,
mortgage rates,
local inventory,
property condition,
and comparable sales.

Supply policy shapes the long-term market — but pricing strategy still matters today.

10/14/2026

Freehold Strategy

For freehold homes, street-level scarcity matters.

A detached, semi-detached, or freehold townhouse can perform better than the GTA average if it has:
parking,
usable bedrooms,
good layout,
basement potential,
school access,
transit access,
and limited direct competition.

The key question is simple:

What else can the same buyer buy this week?

If there are only two or three real alternatives, the seller may have leverage.
If there are many similar homes available, pricing must be much sharper.

Do not price based only on the overall GTA headline. Price based on the real competition.

10/14/2026

Bank of Canada

The Bank of Canada policy rate remains at 2.25%.

The next key decision is October 28.

But buyers should be careful: a Bank of Canada hold does not mean every mortgage rate stays the same.

Variable rates are closely tied to the Bank of Canada and prime rate.

Fixed mortgage rates are heavily influenced by bond markets.

That is why fixed rates can move even when the Bank of Canada does nothing.
My advice to buyers:

Do not buy based on assumed future rate cuts.
Make sure the home works at today’s payment.
If rates improve later, that is a bonus.

10/13/2026

Mortgage Rates

Mortgage rates are still one of the biggest factors shaping the GTA market.

Current advertised high-ratio rates show approximately:

5-year fixed: 4.34%
5-year variable: 3.40%

Variable starts lower, but fixed offers more certainty.

The lowest rate is not automatically the best mortgage.

Buyers should compare:
payment,
risk,
penalty,
rate hold,
qualification amount,
and future flexibility.
Before making an offer, update your pre-approval and confirm today’s numbers.

10/13/2026

Labour Market
Canada lost roughly 110,000 jobs over August and September combined.
That matters for real estate because housing demand is not only about price.
It is also about confidence.

A buyer may like a lower price but still hesitate if they are worried about job security, income stability, or future mortgage payments.

For sellers, this means buyers may take longer to decide and may negotiate more carefully.

For buyers, this means the purchase should work comfortably — not just barely qualify on paper.

Confidence matters as much as affordability.

10/12/2026

GTA September Market
GTA September market update:
Sales were down 9%, but new listings dropped even more — down 14.4% year over year.
That means buyers are cautious, but sellers also have less competition than last year.
This is not a “hot” market, but it is not a flooded market everywhere either.
For sellers, pricing and positioning matter more than ever.
For buyers, there may still be room to negotiate — but the best homes in low-supply pockets can still move quickly.
The headline does not tell the full story. Your neighbourhood and property type matter.

10/12/2026

🍁 Happy Thanksgiving from Sami Chowdhury! 🇨🇦

A Home Is More Than Just a Property — It's Where Life's Most Precious Memories Are Made.

As we celebrate Canadian Thanksgiving, I want to take a moment to express my sincere gratitude to my clients, friends, colleagues, business partners, and everyone who has been part of my real estate journey.

Thanksgiving reminds us that some of life's greatest blessings cannot be measured in dollars — the love of family, the comfort of home, the support of friends, and the strength of our communities.

In real estate, buying or selling a home is much more than a financial transaction. For many, it represents a new beginning, a growing family, a lifetime achievement, or the next chapter in life's journey.

Over the years, I have had the privilege of helping families find their dream homes, guiding first-time buyers through important decisions, and assisting homeowners in selling properties filled with years of memories.

Your trust, confidence, referrals, and continued support mean more to me than words can express.

I also recognize that many Canadian families are facing challenges with housing affordability, mortgage payments, and the rising cost of living. My hope is that we continue working toward a future where homeownership remains an achievable dream and every family has access to a safe, comfortable, and affordable place to call home.

Whether you are planning to buy your first home, sell your current property, invest in real estate, or simply explore your options, I remain committed to providing honest advice, professional guidance, and dedicated service.

This Thanksgiving, I wish you and your loved ones good health, happiness, peace, prosperity, and countless beautiful memories in the place you call home.

Thank you for allowing me to be part of your real estate journey. I look forward to helping you open new doors and create new opportunities in the years ahead.

🍁 Happy Thanksgiving — From My Family to Yours!

Sami Chowdhury | REALTOR®
Broker | RE/MAX Realtron Realty Inc., Brokerage
📞 416-219-7046
🌐 www.torontobased.com

Your Trusted Partner in Buying, Selling & Investing in Real Estate.

Address

885 Progress Avenue, Suite 209
Toronto, ON
M1H3G3

Telephone

+16477250606

Website

http://www.torontobase.com/

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