Rise of Smart Homes in the Canadian Real Estate Market
In today’s ever evolving real estate market, it is crucial to stay on top of the latest developments. From new mortgage rules to the rise of smart homes, the landscape is constantly changing. A trend that is gaining momentum is the integration of smart home technology, offering a range of benefits to both buyers and sellers.
In this article, we will explore how incorporating smart home features into real estate developments can attract tech savvy buyers and create a more sustainable and future-proof living environment.
Smart Home: Wave of the Future
Smart homes have become increasingly popular due to the convenience, energy efficiency, security, and comfort they provide. According to a 2022 survey, 70% of homebuyers are actively seeking smart homes, with 78% of them willing to pay a premium for properties that already have pre-existing smart devices.
This data clearly indicates that real estate developers who embrace smart technology can cater to the demands of tech savvy buyers and differentiate their properties in a highly competitive market.
Convenience meets Security
Among the various benefits of smart homes, convenience is a top priority for many Canadian home buyers. The younger generation, particularly those in the 24-35 age group and households with incomes of $100,000 and above, are driving the penetration of smart home devices. These tech savvy buyers appreciate the ease of controlling various aspects of their homes with just a few taps on their smartphones. From adjusting the lighting and temperature to managing security systems and even remotely controlling appliances, the convenience that smart homes offer is unparalleled.
In addition to convenience, security is another key factor that attracts buyers to smart homes. With advanced security and surveillance capacities, smart homes provide homeowners with peace of mind knowing they can monitor their property from anywhere at any time.
Sustainability Builds a Greener Future
The rise of environmentally friendly homes aligns perfectly with the technological revolution. The smart home industry in North America was worth over $79 billion in 2020 and is projected to grow by 25.3% annually, reaching an expected value of $314 billion by 2026, according to a recent study. As Canada aims to achieve its goal of net zero emission by 2050, smart home technology plays a crucial role in facilitating a more energy efficient lifestyle.
Moreover, 89% of Canadian homeowners consider energy efficiency as an important factor when building, buying, or renovating a home. Additionally, most homeowners are interested in integrating energy monitoring systems, and 63% show interest in smart switches.
These preferences demonstrate a high level of enthusiasm towards adopting energy saving solutions, further emphasizing the importance of incorporating smart home technology into real estate market.
On a sider note, it is estimated that the energy consumption at home will increase by 65% by 2050, but smart home technology provides a solution to counteract this trend. Not only does it benefit the environment, but it also adds value to properties and sets them apart from the competition.
Investing into the future
The projected revenue for the Smart Home market in Canada is set to reach $4.2 billion by 2024. This substantial growth underscores the increasing interest and demand for smart homes among Canadian buyers. Staying ahead of the curve by embracing smart home technology is a wise investment for both homebuyers and sellers.
With Canadians increasingly focused on sustainability, smart homes are a natural fit for our future-forward mindset. Plus, the potential for boosting property value? It’s like the cherry on top!
Whether you are searching for your ideal home or preparing to list yours on the market, integrating smart features is an essential step that shouldn’t be overlooked. It is more than just staying current, it is about adopting a lifestyle that is both intelligent and eco-friendly, benefiting both you and the environment.
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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!
