Developers could cancel about 5,000 new condo units as construction prices rise. Toronto’s already-severe housing shortage may be heading in the wrong direction as rental and condo projects are being canceled mid-way through, and the trend could last for several years...

The Greater Toronto Area’s housing market is in the beginning stage of a price correction — one that, it could be argued, is long overdue — but the recent drop in home values could be more dramatic in some areas than others. If we look at the pre-pandemic activity up...

Toronto saw one of the biggest jumps in rent prices in the GTA, and experts warn a cooling housing market could mean high rental costs are here to stay. A new real estate report shows that the price of housing in the GTA has skyrocketed and rents have returned to...

Economists are predicting that Canadian home prices will fall as much as 20 percent this year as higher interest rates begin to hit the country’s booming real estate market. Mortgage rates are expected to climb again as the Bank of Canada aggressively hikes interest...

Canadian Senior Homeowners Borrowed $5.4 Billion In Reserve Mortgage Debt Canada’s house-rich but cash-strapped Boomers are back to tapping their home equity. Regulatory filings with the Office of the Superintendent of Financial Institutions (OSFI) show reverse...

Toronto Condo Rental Prices Soar, Key Vacancy Rate Drops as Pandemic Recovery Picks Up Speed. Toronto area tenants are once again facing a squeezed rental market similar to what they experienced before the pandemic, according to a new report. Market research firm...

New CREA (Canadian Real Estate Association) Pilot Program Will Let Homebuyers See All Offers in Real Time In a first for Canada, a new pilot program from the Canadian Real Estate Association, will allow home buyers to tract in real time all registered offers placed on...

The housing market remains tight in the Greater Toronto Area, but signs are pointing to some rebalancing compared to 2021’s record levels. In its monthly market report for March 2022, the Toronto Regional Real Estate Board (TRREB) stated that last month was the...

Greater Toronto Area (GTA) new condominium apartment sales totaled 30,844 units in 2021, increasing by 69% over 2020 (18,282 units) and narrowly missing the all-time high reached in 2017 (31,216 units). The market capped off the year with exceptional strength as...

The list price battle: too-low asking prices are frustrating homebuyers. But are they driving up prices? In a housing market already leaning in favour of sellers, artificially low list prices, bully offers, and blind bidding are the real estate realities that...