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”
Category Archives: News
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”
GTA March Market: More Affordable and More Choice
Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025, with lower borrowing costs and declining home prices making monthly payments more manageable. TRREB President Elechia Barry-Sproule noted that further rate cuts and increased housing supply could boost buyer confidence. Despite improved affordability, home sales fell 23.1% year-over-year, with 5,011 transactions reported.Continue reading “GTA March Market: More Affordable and More Choice”
Is Canada’s Mortgage Stress Test Ending? A Closer Look at OSFI’s Groundbreaking Proposal
Canada’s housing market could be on the brink of a major shift as the Office of the Superintendent of Financial Institutions (OSFI) considers overhauling the mortgage stress test. Instead of assessing individual borrowers, the proposed changes would introduce a portfolio-level risk management approach for lenders. This shift represents a fundamental change in how mortgage lendingContinue reading “Is Canada’s Mortgage Stress Test Ending? A Closer Look at OSFI’s Groundbreaking Proposal”
GTA Home Buyers Gain More Negotiating Power Amid High Inventory in February 2025
The Greater Toronto Area (GTA) resale housing market continued to offer buyers an abundance of choices in February 2025. Home sales declined compared to the same period last year, while listing inventory remained high, giving homebuyers greater negotiating power. Market Trends & Affordability Challenges “Many households in the GTA are eager to buy a home,Continue reading “GTA Home Buyers Gain More Negotiating Power Amid High Inventory in February 2025”
Is Toronto a Buyer’s or Seller’s Market in 2025?
The Toronto real estate market in 2025 presents a mixed landscape, with different dynamics depending on property type and location. While detached and semi-detached homes remain a seller’s market, the condo and townhouse sectors are shifting into buyer-friendly territory due to increased inventory. Market Trends: Buyer’s vs. Seller’s Market Detached & Semi-Detached Homes: A Seller’sContinue reading “Is Toronto a Buyer’s or Seller’s Market in 2025?”
Metro Toronto Real Estate Trends & Price Outlook
Key Highlights Home Price Overview Best Cities Report Metro Toronto, home to approximately 7.1 million people, ranks 23rd among the world’s top 100 cities. Why Toronto Stands Out With its strong economy, diverse culture, and exceptional quality of life, Toronto remains an attractive place to live for people of all backgrounds. Toronto Real Estate MarketContinue reading “Metro Toronto Real Estate Trends & Price Outlook”
Greater Toronto Area (GTA) rental market increase in vacancy rates
The Toronto and Greater Toronto Area (GTA) rental market is currently seeing a notable increase in vacancy rates, with several factors driving this trend. GTA Rental Market Update – Q4 2024 The Greater Toronto Area (GTA) rental market remained strong in Q4 2024, with rental demand continuing to rise. According to TRREB’s MLS® System, rentalContinue reading “Greater Toronto Area (GTA) rental market increase in vacancy rates”
Will Toronto’s Spring Housing Market Bounce Back? Maybe Next Year
The Toronto housing market is still feeling the effects of high interest rates, and spring isn’t looking as strong as we hoped. Some homes are selling, but the market isn’t back to normal yet. Over the past few years, we’ve seen big changes. The pandemic created a real estate frenzy, and when interest rates wentContinue reading “Will Toronto’s Spring Housing Market Bounce Back? Maybe Next Year”
Major Federal Investment to Boost Toronto’s Rental Market
Big news for Toronto’s real estate market! The federal government has announced $2.55 billion in low-cost financing to accelerate the construction of 4,831 rental homes, including at least 1,075 affordable units. This investment, secured through the CMHC’s Apartment Construction Loan Program, is a game-changer for Toronto’s housing supply. Mayor Olivia Chow emphasized the importance ofContinue reading “Major Federal Investment to Boost Toronto’s Rental Market”
Richard Wang 