Tag: housing market
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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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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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Ontario Cities Where Homebuyers Have The Most Negotiating Power Right Now
Ontario’s housing market has shifted dramatically over the past two years, and buyers are finding themselves in one of the strongest negotiating positions they’ve had in years. With inventory levels climbing, homes spending longer on the market, and more sellers accepting offers below asking price, many Ontario cities have become buyer-friendly markets. Here’s where homebuyers…
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Is Now Finally a Good Time to Buy a House in Ontario?
Ontario’s housing market has looked very different in 2026 than it did just a few years ago. After years of soaring prices, intense bidding wars, and record-low inventory, buyers are finally finding themselves in a stronger position. Home prices have softened in many markets, inventory has climbed, and sellers are becoming more willing to negotiate.…
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Ontario Cities Ranked From Cheapest To Most Expensive For Homebuyers In 2026
Ontario’s housing market looks very different than it did just a few years ago. While home prices remain elevated in many parts of the province, the correction that began in 2022 has created larger affordability gaps between Ontario’s most expensive and most affordable cities. Today, buyers willing to look beyond the Greater Toronto Area can…
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Calgary Is Becoming More Affordable For Homebuyers, But It Still Lags Other Alberta Cities
Buying a home in Calgary is becoming more affordable, according to a new report from Royal LePage. However, the city still trails several other Alberta markets when it comes to overall affordability. The report found that while housing costs have become more manageable over the past two years, Calgary remains outside Canada’s top 15 most…
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This Alberta City Was Just Named Canada’s Most Affordable Place To Buy A Home
As housing affordability continues to challenge buyers in Canada’s largest cities, one Alberta community has claimed the title of the country’s most affordable place to purchase a home. A new report from Royal LePage ranked Lethbridge, Alberta, as Canada’s most affordable city for homeownership based on the percentage of household income required to cover mortgage…
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Ontario’s HST Rebate Is Helping Boost New Home Sales In The GTA, Industry Says
Ontario’s new HST rebate appears to be giving the Greater Toronto Area’s struggling new home market a much-needed boost. New data released by the Building Industry and Land Development Association (BILD) shows new home sales remained stronger than expected in May, marking the second consecutive month that low-rise home sales outperformed their 10-year average. Industry…
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Ontario Is Introducing New Rules For Real Estate Brokerages After The iPro Realty Scandal
Ontario is tightening oversight of real estate brokerages following one of the biggest scandals to hit the province’s real estate industry in recent years. The Real Estate Council of Ontario (RECO) announced new financial reporting requirements that will require brokerages to submit annual financial filings beginning October 1, 2026. The changes come less than a…
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Toronto’s Condo Slump Could Last Years As Thousands Of Units Flood The Market
Toronto’s condo market may face a prolonged slowdown as thousands of newly completed and under-construction units continue entering a market already struggling with weak demand. Industry experts speaking during a recent Urban Land Institute (ULI) Toronto webinar said the Greater Toronto and Hamilton Area (GTHA) condo market remains under significant pressure from elevated inventory levels,…
