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Real Estate News Toronto home sales highest for the year so far in first full month of spring The number of available homes in the Toronto real estate market trended lower last month while home sales improved in what the Toronto Real Estate Board is calling a “tightening” that may draw hesitant buyers off the sidelines. In April, 5,946 homes traded hands, an increase of about seven per cent year over year, according to the latest TRREB data. New listings, however, […]
Real Estate News Toronto’s condo market ‘hits bottom’ with some developers looking at selling units below cost Canada’s largest condominium market has “hit bottom” as first-quarter sales for new projects in Toronto fell 52 per cent from a year ago to a 35-year low, according to an Urbanation Inc. report, and no projects were launched for the first time in three decades in the period. Article content “What stood out here was that there […]
Real Estate News Canadians Fear Inflation Rising, Credit Cards Used As Cash Flow Canadians Fear Inflation Rising, Credit Cards Used As Cash Flow: TransUnion Official data tells a story of cooling inflation and strong wage growth, but consumers aren’t buying it. TransUnion’s latest Consumer Pulse survey finds most Canadians say they did better than expected in Q4 2025, but the mood is turning fast. Near-term optimism is sliding, while more […]
Real Estate News 5 Cheapest VS 5 Most Expensive Areas Of The GTA A new housing report reveals where homes sold for the lowest (and highest) prices in the Greater Toronto Area last month. Prices are down compared to this time last year. The average selling price dropped 6.5 per cent in January to $973,289, according to the latest report from the Toronto Regional Real Estate Board. But not all […]
Real Estate News Bank of Canada Cuts Rates Despite Expecting A Big Inflation Jump The Canadian economy has outperformed the central bank’s expectations for months now. That didn’t stop the Bank of Canada (BoC) from slashing the overnight rate by 0.25 points to 2.75% this morning. Since this easing cycle began 9 months ago, the key policy rate has been reduced by 2.25 points, making it one of the most aggressive […]
Real Estate News Toronto Real Estate Board Forecasting ‘Buyer-Friendly’ 2025 The Toronto Regional Real Estate Board (TRREB) released its Market Outlook and Year in Review report on Wednesday morning, and it paints a picture of a buyer-friendly 2025. According to the real estate board, a “well-supplied” market in the year ahead is expected to quell home prices in the Greater Toronto Area, keeping the annual growth rate […]
Real Estate News Canada’s Insured $1.5M First-Time Home Buyer Loans Are A Quiet Bail Out Canada appears to be doubling down on its position that more demand will create affordability. Earlier this week, the Government of Canada (GoC) announced its “boldest mortgage reforms ever,” including its most ridiculous mortgage reform ever—first-time buyers using state-backed, high leverage loans to purchase $1.5 million homes. Confused? You’re probably thinking: First-time buyers usually don’t dominate the […]
Real Estate News Some Toronto Homebuyers Are Back — But They’re ‘Proceeding With Caution’ Are interest rat cuts enough to spur more activity in the GTA real estate market this summer after an unusually calm spring? The short answer is, not quite yet. Canadian borrowers finally got (some) relief on the interest rate front in June, when the country’s central bank dropped its overnight lending rate from a sky-high […]
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