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...

Reverse Mortgage Down Payment Gifts: Golden Opportunity or Golden Years Gamble? For many of us, homeownership is key to ensuring financial stability in our golden years. For those unable to get on the property ladder due to a lack of funds for a down payment, the...

Toronto home sales jumped 10 per cent in January as buyers responded to lower mortgage rates, but the local real estate board cautioned that potential trade disruptions could slow down the housing market’s momentum. Despite this, the Toronto Regional Real Estate Board...

Two years ago, the federal government implemented a ban on foreign ownership, preventing non-Canadians from purchasing residential property across the country. Originally framed as a short-term measure to help “cool down” an overheated housing market, the policy was...

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...