Category: ontario
-
Toronto Moves Forward on Citywide Upzoning for Sixplexes
Toronto is one step closer to legalizing sixplexes in residential neighbourhoods, after the city’s Planning and Housing Committee voted in favour of expanding multiplex permissions to allow five- and six-unit dwellings across low-rise areas. If adopted by full council later this month, this change would allow detached houses across the city to be redeveloped or…
-
Canadians Now Owe $1.85 for Every $1 They Earn
Feeling like your paycheck disappears the second it hits your account? You’re not alone. According to new data from Statistics Canada, Canadians now owe $1.85 in debt for every $1 of disposable income. That number reflects how fast household debt is rising across the country compared to how slowly incomes are growing. Debt Growth Is…
-
GTA Active Listings Reach 31,000 in May- Highest in Nearly 25 Years
The Greater Toronto Area (GTA) just hit a historic real estate milestone. In May 2025, active listings reached 30,964, the highest end-of-month count recorded since at least August 2002, according to the Toronto Regional Real Estate Board (TRREB). This 25-year high signals a major shift in the region’s housing landscape—one that heavily favors buyers. 📊…
-
How Wildfires Are Reshaping Canada’s Real Estate Market in 2025
As wildfires continue to make headlines across Canada in 2025, their influence is being felt beyond the forests and evacuation zones. Increasingly, the housing market is responding to these environmental challenges. From shifting buyer preferences to changing insurance premiums, wildfires are quietly reshaping the way Canadians buy, sell, and insure their homes. Here’s what homeowners…
-
Toronto Real Estate Market Update – June 2025
The Toronto housing market is stabilizing in June 2025 as high interest rates, rising inventory, and shifting buyer demand cool what was once Canada’s hottest real estate scene. While some property types are seeing modest price declines, Toronto real estate remains expensive and competitive in key neighborhoods. 📊 Toronto Housing Prices – June 2025 According…
-
Bank of Canada Expected to Hold Rates at 2.75% This Wednesday- More Cuts Likely in 2025
Canada’s central bank is widely expected to hold interest rates at 2.75% this Wednesday, with economists predicting at least two more cuts before the end of 2025. According to a recent Reuters poll, over 75% of economists surveyed (20 out of 26) believe the Bank of Canada (BoC) will keep rates steady as it waits…
-
Inside this $2.9M Luxury Missisauga 4 Bed 4 Bath Home With a Backyard Oasis
Welcome to 5103 Royal Mills Court in Mississauga’s prestigious Credit Mills community. This stunning property offers 3,844 square feet above grade and is tucked away on a quiet cul-de-sac with a premium pie-shaped lot that backs directly onto Barberton Park. This home blends elegance and functionality with an open-concept layout, oversized windows, and a bright,…
-
Toronto Landlords Offering Free Rent and Perks Amid Rising Vacancy Rates
Ontario renters are seeing a shift in power as Toronto landlords ramp up rental incentives to attract tenants in a softening market. With vacancy rates climbing and record numbers of new condos entering the rental pool, tenants are now being courted with offers like two months of free rent, $500 gift cards, free Wi-Fi, and…
-
Canadians Falling Behind on Mortgages and Loans, Says Equifax
A recent Equifax Canada report reveals a significant increase in mortgage and loan delinquencies across Ontario, highlighting growing financial strain among homeowners. In the first quarter of 2025, Ontario’s 90+ day mortgage delinquency rate rose to 0.24%, marking a 71.5% increase compared to the same period in 2024. This surge is attributed to homeowners facing…
-
These 2 Toronto Homes are Listed for $1- But They Are Definitely Not Selling for That
Toronto’s housing market might be cooler than it was a year ago, but don’t let that fool you into thinking you can scoop up a house for the price of your morning coffee. Two semi-detached homes at 38 and 40 Cedarvale Avenue just hit the market for $1– yes, really- but they’re expected to sell…
Canada Housing Market 