Category: ontario
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The GTA’s Average Home Price Just Fell Below $1 Million Again
The average price of a home in the Greater Toronto Area has slipped below the $1 million mark again, as the region’s housing market continues to look very different from its pandemic-era highs. The average GTA home sold for $993,410 in August 2026, according to the latest data from the Toronto Regional Real Estate Board.…
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Ontario Lost 18,000 Jobs In August – Here’s What It Could Mean For The Housing Market
Ontario’s job market took a step backward in August, adding another layer of uncertainty for home buyers, mortgage holders and the province’s housing market. Ontario lost approximately 18,000 jobs in August 2026, according to the latest Labour Force Survey from Statistics Canada. Across the country, employment fell by 42,000 jobs, significantly weaker than economists had…
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The Bank Of Canada Just Warned Interest Rates Could Go Up More Than Once
Canadians who have been waiting for interest rates to fall could be in for a surprise, because the Bank of Canada is now warning that rates may need to go up again. The Bank of Canada held its policy interest rate at 2.25% on September 2, keeping it unchanged for another meeting. But what Governor…
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GTA Home Prices Are Now Nearly $354,000 Below Their 2022 Peak
Home prices across the Greater Toronto Area are now nearly $354,000 below their 2022 peak, as the region’s housing market continues to struggle to regain its pandemic-era highs. The GTA’s MLS Home Price Index benchmark fell to $925,900 in August 2026, according to the latest Toronto Regional Real Estate Board data. That’s down 4.5% compared…
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Ontario’s Housing Market May Finally Be Turning A Corner
After being one of Canada’s hardest-hit housing markets, Ontario may finally be starting to show signs of a recovery. A new housing market update from RBC Economics, released August 18, 2026, says there was further progress across Ontario in July, with home resales increasing in Toronto, Hamilton, Kitchener-Waterloo, London and Ottawa. Home values also increased…
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Toronto Housing Starts Just Fell 10% As New Construction Slows
Toronto needs significantly more housing in the years ahead, but the latest construction numbers are moving in the opposite direction. New data from the Canada Mortgage and Housing Corporation shows housing starts across the Toronto area fell 10% year-over-year in July 2026, driven by a decline in multi-unit construction. A total of 1,540 homes started…
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Ontario’s Housing Market Is No Longer A Buyer’s Market, CREA Says
Ontario’s housing market is starting to look very different than it did just a few months ago. After spending the first four months of 2026 in buyer’s-market territory, conditions across the province have tightened considerably, according to the latest housing data from the Canadian Real Estate Association. CREA’s July report, released August 18, says Ontario’s…
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Toronto Is Getting Up To $2.7 Billion To Build More Than 5,600 Rental Homes
Thousands of new rental homes are coming to Toronto as part of a massive new housing investment announced by the federal government and the City. On August 5, Toronto and Ottawa announced a partnership worth up to $2.7 billion aimed at accelerating construction of purpose-built rental housing across the city. The plan is expected to…
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Ontario Home Prices Just Dropped Below $800,000
Ontario’s housing market just crossed a notable price threshold. The average price of a resale home sold across Ontario fell to $797,486 in July 2026, bringing the provincial average below $800,000 as prices continued to decline from last year. According to new data from the Canadian Real Estate Association and Ontario Real Estate Association, Ontario’s…
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Every Province Ranked by Housing Affordability in Canada
Housing affordability looks very different depending on where you live in Canada. In some provinces, average home prices remain below $400,000. In others, buyers are still facing price tags close to or above $800,000, even after several years of market cooling. Based on the latest available provincial home price data, here is how every Canadian…
