Tag: Ontario home prices
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These Ontario Housing Markets Have Seen Some Of Canada’s Biggest Price Drops
Home prices are still falling across several Ontario housing markets, and some cities are now seeing among the biggest year-over-year price declines in Canada. New data from the Teranet-National Bank House Price Index shows home prices fell from a year earlier in several major Ontario markets in August 2026, with declines approaching 9% in some…
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Ontario Home Sales Just Fell To Their Lowest August Level In 25 Years
Ontario’s housing market just recorded its slowest August for home sales in a quarter century. Only 13,620 homes changed hands across Ontario in August 2026, according to the latest statistics from the Canadian Real Estate Association and Ontario Real Estate Association. That was a 6% decline compared with August 2025 and the lowest number of…
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What You Can Buy At Different Budgets Across Ontario Right Now
What does $500,000, $1 million or even $5 million actually buy you in Ontario? We looked at active listings currently on the market across the province to see how dramatically your options can change depending on budget and location. From townhouses and detached homes to waterfront properties, luxury condos and massive estates, here’s what different…
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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’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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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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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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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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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…
