Author: SUNNY PUREWAL REAL ESTATE

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

The GTA’s low-rise new home market has seen a real lift in demand lately, thanks in part to the HST rebate program. For many buyers in areas like Brampton and Caledon—where I’ve helped families navigate these shifts for over 17 years—the increased interest has led builders to release more low-rise options, keeping things balanced and helping prevent sharp price spikes. While condos haven’t experienced the same benefit due to rules around construction timelines, the rebate offers real savings for qualified buyers and has made homeownership in our communities more accessible. Industry leaders see measures like these as a boost for the region’s economy and job security, and there’s hope future policies will help the condo sector participate more fully. As always, understanding how these changes impact your choices is key—I’m here to help you make smart, informed decisions in any market.

The Bank of Canada has decided to hold its key interest rate steady at 2.25%. This comes as Canada’s economy continues to recover, with GDP up by 3.3% in Q2 and unemployment dipping to 6.4% in July. As someone who has helped clients navigate everything from first-time purchases to investment properties and complex estate sales, I know how closely these rate decisions can impact both buyers and sellers. The next rate announcement is set for October 28, 2026, and I’ll be keeping a close eye on how the Bank’s assessment of inflation and the broader economy might shape our local real estate landscape. In changing markets, honest advice and a strong understanding of current conditions are key to making confident decisions.

There’s been a lot of talk about whether interest rate cuts will truly make homes more affordable in Canada. Central bank researchers have found that when rates drop, demand for homes jumps almost immediately—resales start rising right away, with the biggest impact seen 18 to 24 months later. But here’s the catch: new housing supply takes much longer to catch up, with construction typically picking up around two years after the initial rate cut. When the job market is strong and lending is easier, buyers feel more confident to make moves, which can heat up our already competitive market even further. Builders, on the other hand, only start new projects when higher prices and better financing make it feasible, and approvals—especially for multi-unit homes—take real time. In other words, while lower rates may eventually encourage more homes to be built, they can actually drive prices higher in the short term because demand leads and supply lags. As someone who’s helped hundreds of clients navigate Brampton and Caledon’s changing markets, I’ve seen how these cycles play out first-hand. It’s a reminder that affordability is about more than just rates—it’s about how quickly our communities can grow to meet demand.

Here’s a quick update on Brampton’s housing market this month. Homes are selling at a steady pace, with a similar number available as last year. The number of homes sold has slightly increased.

As someone who has had the privilege of helping families across Brampton and the GTA find their footing in the real estate market, I’ve witnessed firsthand how affordability challenges have evolved over the years. For 10 consecutive quarters, Canada’s housing affordability has been stretched — and with mortgage rate relief fading, the focus now shifts squarely onto home prices and income growth.

Looking ahead, economists believe mortgage rates will likely hold steady or even inch upward, so any improvements in affordability will depend on price moderation. At the same time, slower population growth may ease some pressure on housing demand, helping to keep prices in check, while a stronger labour market could support household incomes.

It’s important to remember that each city tells its own story. Buyers and sellers in Vancouver or Toronto face very different realities than those in Calgary or Edmonton. Here in Peel Region, I’m always tuned in to these local nuances to help my clients make confident decisions for their families.

While the path to greater affordability may be gradual, I remain committed to guiding clients through every shift in the market—always with integrity, care, and an unwavering focus on finding practical solutions.