The first quarter of 2024 brought some relief for renters in the Greater Toronto Hamilton area (GTHA) with condo rents down 7.4% in the first quarter of the year. According to new data from research firm Urbanation, condo rents in the GTHA slipped down to an average...

New condo sales in the Toronto region have dropped to their lowest level since the 2009 financial crisis, with investors hesitating because of the lofty prices and higher borrowing costs. A Monday news release from the market research firm Urbanation has counted 60...

Middle-class Canadians may still feel the impact of the federal budget’s increase to capital gains taxes, even though the government claims the adjustments will primarily target the wealthiest individuals. In the 2024 budget unveiled Tuesday, Finance Minister Chrystia...

Deputy Prime Minister and Finance Minister Chrystia Freeland announced a number of housing affordability measures Thursday that she said will help buyers get their first homes and help current homeowners afford the homes they have. "I really hope and believe the...

March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to spring break for the schools and the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market...

A new report released this week says the average asking price for a rental unit in Canada was $2,193 per month in February, up 10.5% year-over-year and the fastest annual growth since September 2023. The data released Monday by Rentals.ca and Urbanation, which...

The Canada Mortgage and Housing Corporation (CMHC) has officially terminated the First-Time Home Buyer Incentive program. The cutoff for new or revised applications is set for March 21st, 2024. The program aimed to help first-time home buyers boost their down payment...

Tarion, the home consumer protection agency in Ontario could face $90M in claims as developers walk away from projects and home buyers lose deposits. Ontario's real estate watchdog, Tarion, confronts an unprecedented challenge as it braces for over $90 million in...

So it’s official! City Council voted in favour of the 9.5% increase to the residential property tax rate when they met on Wednesday to finalize the 2024 budget. The tax hike, bigger than any since the city’s amalgamation in 1998, was opposed by some councillors, who...

Toronto listings are starting to see multiple offers starting up again. What has happened in the last week that has caused this frenzy? The psyche in the market has already started to shift. Could it be this unusually warm weather we are having? Does it feel like...