Navigating the Upsizing Journey in Canadian Real Estate
Embracing a larger living space in the vibrant world of Canadian real estate often signifies an exciting chapter for many families. As lifestyles evolve and needs shift, the appeal of more room and upgraded amenities grows stronger.
Join us as we explore the ins and outs of upsizing homes in Canada, covering motivations, financial considerations, market conditions, and strategies for a successful transition.
Why to upsize a home?
The decision to upsize in the Canadian real estate market is frequently driven by the evolving dynamics of family life. Growing families often require additional bedrooms and living spaces, while accumulated belongings necessitate enhanced storage options for organization.
Moreover, the longing for ample outdoor space, whether for leisure or gardening, resonates deeply with families seeking to embrace nature in Canada.
Financial Considerations
Upsizing from a condo to a house in Canada involves careful financial planning. While houses offer more space and amenities, they also come with higher price tags, mortgage payments, property taxes, utility costs, and maintenance expenses.
For instance, in Toronto, the average price difference between condos and houses is approximately $761,770. Similarly, in places like Markham and Vaughan, single-family homes command premiums of 115% and 109% respectively compared to condos.
Market conditions for upsizing homes
Understanding the prevailing market conditions is essential, especially in cities known for intense competition and rapidly escalating prices. Factors such as location, future growth prospects, home resale value, and rental opportunities play significant roles in identifying the right upsized home in Canada. Strategic decision-making guided by comprehensive market insights is the key, particularly in areas where housing price disparities between condos and houses are evident.
Upsizing trends
Recent surveys indicate a notable surge in the desire for upsizing among Canadian homebuyers, with a growing number of respondents prioritizing larger homes in their relocation plans. Notable statistics reveals that 37% of recent movers opted for a larger home in Canada, marking a significant 14% increase from the previous year.
Additionally, 21% of respondents planning to relocate within the next two years are focusing on purchasing a larger home, highlighting the enduring appeal of spacious living spaces in the Canadian real estate market.
Moreover, regional data sheds light on the prevalence of upsizing, particularly in Ontario, where 30% of recent movers made the decision to upsize their home. This trend underscores the importance of space and comfort for Ontarian families, with many choosing to remain within the province to accommodate their evolving lifestyle needs.
Partnering with The Regan Team
Navigating the upsizing journey in Canadian real estate requires a comprehensive understanding of market trends, careful consideration of key factors, and staying well-informed about market insights. By embracing these elements, families can confidently embark on the path towards their dream home, ensuring a smooth and rewarding experience.
At The Regan Team, our dedication to assisting home buyers in navigating the upsizing process with expertise and personalized guidance is unwavering. Let us be your partner in making your upsizing journey a seamless and fulfilling one. Together, we can turn your aspirations of a larger, more comfortable home into a reality.
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FALL MARKET KICKOFF: September 2025 Real Estate Market Update
As summer winds down, the Greater Toronto Area (GTA) real estate market is shifting once again—this time with an important boost from the Bank of Canada’s recent interest rate cut. On September 17, 2025, the Bank lowered its policy interest rate to 2.5%, marking a significant move that is expected to reinvigorate buying activity across the region.
Market Snapshot: August 2025 (TRREB) 
According to the Toronto Regional Real Estate Board (TRREB), August brought encouraging signs of stability:
- Sales: 6,232 transactions across the GTA, a 4.6% increase from August 2024.
- New Listings: 13,119, down slightly year-over-year, helping balance supply.
- Average Selling Price: $982,880, nearly flat compared to last year (+0.4%).
- Trend: Balanced conditions are giving both buyers and sellers room to maneuver, with the recent rate cut expected to stimulate fall demand.
City & Regional Highlights
Toronto 
Toronto continues to see steady demand for condos and townhomes, appealing to buyers looking for affordability in the core. Detached homes are moving more cautiously, but price stability suggests confidence returning to the market.
Mississauga 
Mississauga remains a buyer-friendly market, especially in the detached and semi-detached segments. With borrowing costs easing, families upsizing or relocating may find strong value in the fall.
Oakville 
Luxury demand in Oakville is regaining traction. The combination of limited inventory and lower financing costs positions this market for an active fall season, especially for executive homes and lakefront properties.
Burlington 
Burlington continues to attract buyers migrating west from Toronto. The city’s blend of affordability, lifestyle, and community feel has kept prices steady and competitive.
Muskoka 
Cottage country remains strong, with buyers eyeing investment properties and second homes. While activity softened slightly through the summer, the rate drop could encourage more buyers to act before year-end.
What This Means for Buyers & Sellers
With interest rates now at their lowest level in two years, affordability is improving across the GTA and Muskoka. Buyers who were waiting on the sidelines are expected to re-enter the market this fall, while sellers may benefit from increased competition for well-priced homes.
At Regan Irish & Associates, we specialize in helping clients navigate market shifts with confidence. Whether you’re buying a luxury home, selling a family property, or investing in Muskoka, our market insight and negotiation expertise ensure you get the best results.
1320 Cornwall Rd Unit 103, Oakville, ON L6J 7W5
905.842.7677
Visit reganirish.com——
August 2025 GTA Real Estate Market Update | Regan Irish
The August 2025 GTA Real Estate Market Update reflects renewed momentum and affordability in Toronto, Oakville, Mississauga, Burlington, and Muskoka. Thanks to steady interest rates and appealing home prices, July proved surprisingly dynamic. Let’s dig into the numbers and what they mean for you.
Interest Rates Remain Stable — Affordability Fueling Activity
In July 2025, the Bank of Canada maintained its key rate at 2.75%, its third consecutive pause. With lower borrowing costs now more accessible, affordability is encouraging a wave of renewed buyer activity.
GTA Market Overview: Sales Surge, Prices Slightly Dip
- Home Sales: 6,100+ transactions region-wide, marking a 10.9% increase YoY and the strongest July since 2021.
- Month-over-Month: Seasonally adjusted sales rose 13% from June to approximately 5,744 units, the biggest monthly gain in nine months.
- New Listings: Up 5.7% YoY, totaling 17,613 new offers.
- Price Trends:
- The MLS® Home Price Index (HPI) Composite Benchmark fell 5.4% YoY.
- The average GTA selling price dropped 5.5% YoY to around $1,051,719.
- Word on the street indicates the HPI drifted slightly lower—about $979,000, down 0.2% from June.
What It Adds Up To: Buyers are back in force—sales are outpacing new listings while prices softened, creating renewed market opportunities.
City Highlights
Toronto
A more balanced landscape—but some segments remain soft. Condos and detached homes see inventory rising; semis are steadier.
Oakville, Mississauga, Burlington & Muskoka
While TRREB doesn’t break down by city in these reports, regional trends suggest:
- Mississauga & Burlington: Strong rise in listings and dipping average prices give buyers leverage.
- Oakville: Stability in demand for luxury keeps discounts modest.
- Muskoka: Continued strong interest in sub-$2M waterfront properties should benefit from broader GTA momentum.
What This Means for You
- For Buyers:
Renewed affordability, rising inventory, and favorable interest rates make August a prime time to move. - For Sellers:
A more balanced market—strategic pricing and quick response will be key to success. - For Investors & Cottage Buyers:
Strong July sales in the GTA point to increasing investor interest; Muskoka remains a high-value lifestyle and investment destination.
Work With the GTA Real Estate Experts
Whether you’re planning to buy a Muskoka cottage, invest in a luxurious Oakville property, or explore options across Toronto, Mississauga, or Burlington, now is the time to act.
Regan Irish & Associates specializes in luxury, resale, and investment properties across the GTA and Muskoka. Our market insight and negotiation skills help you get the best results—whether buying, selling, or investing.
1320 Cornwall Rd Unit 103, Oakville, ON L6J 7W5
905.842.7677
Visit reganirish.com
Let’s make today’s market your opportunity—contact us today!
