Market Insight for October 23
Even as Toronto condo prices continue to fall, rising maintenance fees are giving some buyers another reason to think twice before making a purchase, according to local realtors. Real estate agent David Coffey says he sees this regularly. Some buyers set a firm limit...
Market Insight for October 9
Average asking rents fall 4.2% in September, marking 24 months of decreases. Canada’s rental market continues to cool, with rents falling for the second straight year, according to a monthly report from Rentals.ca and Urbanation. The report says this is now the...
Market Insight for September 25
New single-family home sales in the GTA jumped to 692 in August, more than triple the 215 sales recorded during the same month last year. Sales were also 47 per cent above the 10-year average, according to Altus Group data prepared for the building industry. Condo...
Market Insight for September 18
A second set of rental rules in Ontario are set to take effect next week. Starting Sept. 21 under Bill 60 amendments, tenants who receive an N4 notice for overdue rent will have just seven days to pay what they owe, that’s down from 14 days. If the payment is not made...
Market Insight for August 28
For Canadian Realtors hoping the housing market was finally turning a corner, the July stats had brought some encouraging news. After a long stretch of uncertainty, buyers and sellers were beginning to adjust to the new market. Activity was picking up, confidence was...
Market Insight for August 14
New Home Sales Jump in Ontario Following the HST Cut. The removal of the HST on new homes appears to be giving Ontario’s housing market a much-needed lift, with sales more than doubling this year since the tax break was introduced. Buyers purchasing a new home can...
Market Insight for July 31
The Liberal government has not yet confirmed whether it will extend Canada’s foreign homebuyer ban, despite internal briefing documents warning that the clock is ticking if the policy is to be renewed through the current regulatory process before it expires on January...
Market Insight for July 10
The GTA housing market is improving, but buyers still have the edge. June’s housing figures for the Greater Toronto Area offer some encouraging signs, and it’s easy to frame them as evidence that the market is recovering. Sales increased, fewer new properties came...
Market Insight for June 19th
Canadian existing-home sales rose in May at the fastest pace since the fall of 2024, or before President Trump won a second term and imposed biting tariffs on some of Canada’s key manufacturing sectors. Real-estate brokers are growing confident that May’s jump marks...
Market Insight for May 22
A new national rental report indicates that Ontario remains at the forefront of Canada’s rental market correction, with almost every major city examined in the province posting year-over-year rent decreases. The lone exception was one city, where strong student-driven...