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...

The average Canadian rents drop in June and Toronto rents hit new lows. Despite the typical trend of rent prices rising in the summer, those in Toronto and across Canada dipped in June compared to the month before, according to a report published Tuesday. Toronto...

June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB). Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home...

More than a quarter of renters in Canada plan to purchase a home within the next two years. 27% of renters plan to buy a property in the next two years; 40% among renters aged 18-34 Of those who do not plan to buy a home in the next two years, 54% say they do not feel...

Decades after creating a 10-day cooling-off period for purchasers to reconsider a new-build condominium contract, the Ontario government has extended the same right to purchasers of detached and freehold newly constructed new homes. The measure is among a large number...

May home sales continued at low levels, especially in comparison to last spring’s market activity. Home buyers are still waiting for relief on the mortgage rate front which they got this week when the Bank of Canada dropped interest rates 25 basis points to 4.75%....

City council voted 21-3 last week to officially allow developers to erect buildings of up to six storeys and 60 units on specific major roads without having to apply for rezoning applications or minor variance. Seeking those permissions added cost and time to...