What’s the Average Age of a First-Time Homebuyer—And How Much Money Do They Need? Almost half (47 per cent) of first-time buyers who made a home purchase in the last 18 months were aged between 25 and 34, according to the Canada Mortgage and Housing Corporation’s...

Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating power to potential homebuyers. The Toronto Regional Real Estate Board stated in a release this week that 6,244 homes were sold in May, down over 13 per...

New construction home sales in the Greater Toronto Area (GTA) have now recorded their seventh straight month at historically low levels, surpassing even the slump seen during the 1990s housing downturn. Back in the 1990s crash — which spanned from around 1989 to 1996...

With average home prices in the GTA slightly lower than last year, Toronto’s housing market continues to favour buyers. Although roughly 75% of GTA neighbourhoods see homes sell below asking, there are still select pockets where properties consistently fetch...

Both the Liberals and Conservatives have pledged to cut the cost of new homes by as much as $100,000. However, in Toronto, new condos are already about $300,000 more expensive than resale units. The two major parties are promising to reduce taxes and fees in order to...

Certain price-points, home types, and neighbourhoods are selling better than others, according to agents across the Greater Toronto Area. Spring traditionally marks the busiest time in real estate. But this year, with the added complexity of shifting mortgage rates,...

The End of Canada’s Mortgage Stress Test? In a move that could significantly reshape Canada’s housing market, the Office of the Superintendent of Financial Institutions (OSFI) is evaluating a shift away from the contentious mortgage stress test. Instead, it is...

A “normal” spring for Toronto’s housing market? The traditional spring market is likely to be delayed. The Toronto real estate market has entered the spring season with a noticeable slowdown, driven largely by economic uncertainty surrounding tariffs and other global...

Looking for a rental this spring? You might have an easier time than last year, new listing data shows, with the average asking price in Toronto for rented condos or purpose-built apartments now $120-a-month cheaper than it was a year ago. The downward pressure on...

Homebuyers continued to benefit from substantial choice in the Greater Toronto Area (GTA) resale market in February 2025. Home sales last month were down compared to the same period last year, while listing inventory remained high, providing substantial negotiating...