Preconstruction condo prices fell 15% in the Toronto region in the final quarter of 2024, as sales plunged to their lowest level in nearly three decades and a glut of unsold units hit a record high. It was the worst year since the late 1990s for the preconstruction...

Is the Greater Toronto Area real estate market entering a promising phase with lower borrowing costs and renewed investor interest driving activity? Surprisingly, the market showed signs of life in November, with sales activity picking up even as prices remained...

Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. This meant that market conditions tightened, resulting in overall...

This is how much money you need to make to buy a house in Canada’s largest cities. The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data. Mortgage rates continue to decrease, and in a lot of cities across...

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...