The youngest homeowners typically have a net worth at least 10 times that of renters in the same age cohort, and the gap widens to almost 30 times for those nearing retirement age. The numbers released Tuesday from the Statistics Canada Survey of Financial Security...

Homeowners who routinely rent on Airbnb or similar platforms are now required to pay a 13% tax on the property’s value upon sale. A recent decision by the Tax Court of Canada means that individuals who have consistently rented out their property through Airbnb or...

Ontario home sales are projected to rise by nearly 10% in 2025, driven by pent-up demand from buyers awaiting further interest rate cuts. This could lead to significant momentum starting in the spring or summer of next year. The Canadian Real Estate Association (CREA)...

An influx of real estate activity is forecasted for the first half of 2025. A surge in demand for homes is anticipated as many potential buyers wait for mortgage rates to drop further, according to a recent TD Economics report. The forecast suggests that despite some...

A true market rebound is likely still a ways off, but signs of life were detected in the GTA housing market this September, according to the Toronto Regional Real Estate Board’s (TRREB’s) latest Market Watch report. Home sales were up by 8.5 per cent year-over-year in...

Statistics Canada released its latest inflation report on Tuesday, and they are calling it a “turning point” for interest rates and an indication that better days are ahead for the housing market. The Consumer Price Index (CPI) data highlights a key shift in...

Real estate analysts in the Greater Toronto Area (GTA) say the combination of elevated interest rates and an increase in newly completed condo units has resulted in an oversupply, which will take time to correct. A report by Rishi Sondhi, an economist at...

Toronto area new home sales continue to drop and hit an all-time low in July. Sales of newly built homes continue to decline, with July hitting an unprecedented low for the month. The number of new project releases has been minimal, and months of inventory continue to...

Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings outstripping that of sales. The...

Toronto’s housing market offered a rare moment of relief for renters, as average rents dropped for the first time in three years. According to Urbanation Inc., a real estate consulting and market research firm, average condo rents were down 1.2 percent year-over-year...