06.2026
Ownright
Issue 14
Realty Check
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From the founders: waiting for prices to drop? Watch the listings, not the headlines
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A quick hello: because you closed with Ownright, you're now on Realty Check, our biweekly read on the Ontario market. Here's the latest.
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Home sales across Ontario have climbed for four straight months, even with prices still soft. If you're holding off on a move until prices fall further, here's the part the headlines miss: the real squeeze right now isn't price, it's supply. New listings keep thinning out, and the better homes are getting picked over fast.
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That puts anyone waiting for a deal in a tricky spot. On paper, waiting feels safe. In practice, the window you're waiting for is quietly narrowing, because it's scarce inventory, not falling prices, setting the floor.
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None of this means rush. It means watch the right signal. The buyers and sellers who do well in a market like this aren't the boldest ones, they're the ones who understand what's actually happening before they act.
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We've always believed your move should start with a clear picture, not a guess. If you're weighing one this year, that clarity is the most useful thing you can have.
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Joel Fox
COO
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The library: resources worth a read
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Plain-language explainers for the questions that come up during a purchase or sale, worth a read whether you're buying or selling.
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Hot off the press: Ownright in the news
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Our 2026 Operators Report, a survey of 1,000+ Canadian real estate professionals, kept driving national coverage this month:
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Market snapshot: sales keep grinding higher on thin supply
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Ontario home sales reached 17,247 in May, up for a fourth consecutive month, though still down 1.2% from a year ago (OREA).
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New listings fell 12.7% year-over-year, and the average price ($847,813) slipped 1.5%. More buyers returning, fewer homes to sell, prices still soft.
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The Bank held its rate at 2.25% on June 10, a fifth straight decision with no change.
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It pointed to a mix of inflation risk and a soft economy as the reason to wait.
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Our take: A fourth straight monthly gain is genuine momentum, but it's running against listings down nearly 13%, so the lift is as much about scarce supply as renewed demand. With prices still soft and the Bank holding rates, this is a market tightening on thin inventory, not a broad rebound. Expect competition for the good listings and quieter conditions elsewhere.
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Client spotlight: in their words
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Great experience with Ownright Lawyers for our home purchase. The team was professional, responsive, and made the closing process simple and stress-free. We especially appreciated that all fees were clearly outlined upfront, with no surprises. Everything was handled smoothly, and we would definitely recommend them to anyone buying a home.
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Buying or selling this year?
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Get a clear, fixed-fee quote for your closing in minutes.
We'd love to help.
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