May 16, 2025 Canada’s real estate market continues to weaken, with home prices falling sharply in April amid tepid demand. Data from the Canadian Real Estate Association (CREA) reveals the composite benchmark price for a typical home dropped significantly last month, extending a broader trend of declining buyer appetite. Over the past few years, resistanceContinue reading “Canadian Housing Market Faces Sustained Downturn as Prices Decline Further”
Author Archives: Richard Wang
Toronto’s unsold condo rate has reached ‘an incredible level
Canada’s Condo Glut: Unsold Units Pile Up as Buyers Walk Away In Canada’s largest housing market, unsold condominiums are accumulating at an alarming rate. “It’s reached an incredible level,” said Ron Butler, principal broker at Butler Mortgage, in a Monday interview with BNN Bloomberg. “We have about a full year’s worth of inventory, and listingsContinue reading “Toronto’s unsold condo rate has reached ‘an incredible level”
The Future of Older Condos in Toronto: Should You Hold or Sell?
If you own a condo in a 20-30 year-old building, you might be wondering: What happens as my condo ages? Will maintenance fees keep rising? Will the building lose value—or could it be torn down and redeveloped? And most importantly, is it still a good investment? As a Toronto real estate expert, I’ve helped many condo owners navigate these questions.Continue reading “The Future of Older Condos in Toronto: Should You Hold or Sell?”
The Complete Guide to Home EV Charging in Canada (2025 Update)
As Canada accelerates toward a greener future, electric vehicles (EVs) are taking over roads faster than ever. Zero-emission vehicles (ZEVs) now make up nearly 14% of all new car sales—a massive jump from just 3.8% in 2020. With EVs dominating the ZEV market, home charging stations are becoming essential. If you own an EV (or plan to buyContinue reading “The Complete Guide to Home EV Charging in Canada (2025 Update)”
Should You Renovate Your Toronto Condo Kitchen Before Selling in 2025?
If you’re a Toronto condo owner preparing to sell, one of the biggest questions you might have is: Should I renovate my kitchen or sell as-is? With the 2025 Toronto real estate market showing shifting trends, making the right choice could mean the difference between a quick, profitable sale and a prolonged listing. As a Toronto realtor, I’ve helped countless condo sellersContinue reading “Should You Renovate Your Toronto Condo Kitchen Before Selling in 2025?”
Why Aren’t You Buying a Home in Toronto? Common Reasons Buyers Are Hesitating
If you’re in a position to buy a house in Toronto but haven’t pulled the trigger yet, you’re not alone. Many potential buyers are sitting on the sidelines, waiting for the right moment—but what’s really holding them back? As a Toronto realtor, I hear concerns from buyers every day. While some are eager to jump intoContinue reading “Why Aren’t You Buying a Home in Toronto? Common Reasons Buyers Are Hesitating”
Is a 50-Year-Old Townhouse Too Old? What Toronto Homeowners Should Know
As a Toronto realtor, I often get questions from clients about the age of their homes — especially when it comes to older condo townhouses. A common concern: “Is my 50-year-old townhouse going to be hard to sell down the line?” Let’s break this down. 🏡 The Situation One Toronto homeowner recently shared their experience:Continue reading “Is a 50-Year-Old Townhouse Too Old? What Toronto Homeowners Should Know”
Toronto Condo Market in Crisis: 27-Year Sales Low Leaves Investors Scrambling
Toronto’s spring thaw might be underway, but the city’s real estate market is still frozen in time — and not in a good way. According to the latest data, home sales in March hit their lowest level in 27 years across the Greater Toronto Area (GTA), with condo investors feeling the brunt of the downturn.Continue reading “Toronto Condo Market in Crisis: 27-Year Sales Low Leaves Investors Scrambling”
Toronto Housing Starts Plunge 65% in March While Montreal Surges
Toronto’s housing market hit another speed bump in March, with new construction starts dropping a staggering 65% year-over-year, according to the latest report from the Canada Mortgage and Housing Corporation (CMHC). This sharp decline continues a trend that began last summer, reflecting challenges in affordability, financing, and developer confidence. At the national level, new housingContinue reading “Toronto Housing Starts Plunge 65% in March While Montreal Surges”
Should You Sell Your Condo Now or Wait Until 2026–2027? A Financial and Lifestyle Perspective
At 26, facing a $150,000 loss on your condo, you’re contemplating selling now versus waiting a few years. With monthly mortgage payments at $3,400 compared to a comfortable rent of $2,600, this decision intertwines financial prudence with personal well-being. Financial Considerations: Lifestyle and Personal Goals: Conclusion: If your priority is financial stability and personal freedom,Continue reading “Should You Sell Your Condo Now or Wait Until 2026–2027? A Financial and Lifestyle Perspective”
Richard Wang 