Tag: finance
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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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Here Are The Canadian Provinces Where New Home Prices Are Starting To Rise Again
Canada’s new housing market may finally be showing signs of stabilizing. After months of steady price declines, the latest data from Statistics Canada suggests the pace of falling new home prices is slowing. In fact, builders in several provinces have begun raising prices again, even as the national market remains under pressure. Here’s what the…
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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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Ontario Listings of the Week – July 29
Looking for standout Ontario homes for sale? These listings on Realtor.ca include a mix of luxury properties and affordable condos that are getting attention across the province right now. $399,000 – 308 – 7895 JANE STREETVaughan (Concord) 🛏️ Bedrooms: 1 + 1🛁 Bathrooms: 2🔗 MLS link $449,000 , 305 – 477 RICHMOND STREET W Toronto (Waterfront Communities) 🛏️ Bedrooms: 1🛁 Bathrooms: 1🔗 MLS link $595,000 –…
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How Much Income You Need to Buy a Starter Home in Ontario in 2026
Buying a first home in Ontario has become more realistic than it was during the height of the pandemic housing boom, but affordability remains a major hurdle for many buyers. While home prices have moderated in several markets, higher mortgage rates continue to make qualifying for a home more challenging than many first-time buyers expected.…
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Canada’s Housing Market Outlook Just Changed. Here’s What Buyers Need To Know
Canada’s housing market outlook has shifted again. The Canadian Real Estate Association (CREA) has released its latest forecast for 2026 and 2027, painting a more cautious picture for home sales and price growth than it did just a few months ago. While affordability has improved in many parts of the country, economic uncertainty, slower population…
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Here’s How Much Your Monthly Mortgage Payment Has Changed Since Interest Rates Peaked
Mortgage rates may still feel high compared to the ultra-low rates of 2021, but borrowing costs have improved significantly from their recent peak. After the Bank of Canada aggressively raised interest rates to fight inflation, many Ontario buyers hit pause on their home search. Today, with the Bank of Canada’s policy rate sitting at 2.25%,…
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Canada’s Housing Market Has Now Seen Its Largest Price Correction In History
Canada’s housing market has experienced one of the most dramatic booms in history, and according to new data, it’s now experiencing its largest correction on record. New figures from the Bank for International Settlements (BIS) show national home prices have fallen significantly since peaking in early 2022. Once inflation is factored in, prices have dropped…
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Ontario Consumer Insolvencies Hit Highest Level Since The Financial Crisis
Consumer debt stress continues to climb across Ontario, and new data suggests financial pressures are reaching levels not seen since the aftermath of the 2008 Global Financial Crisis. According to the latest figures from the Office of the Superintendent of Bankruptcy (OSB), Ontario recorded its second-highest number of consumer insolvencies ever for the month of…
