Tag: ontario housing market
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Bank of Canada Raises Interest Rate to 2.5% as Governor Warns Inflation Could Spread Across Canada
Canada’s central bank has raised interest rates for the first time in a year, bringing its benchmark rate to 2.5% as concerns grow over persistent inflation and rising energy prices. The Bank of Canada announced a 0.25 percentage-point increase to its policy interest rate on October 28, 2026, raising it from 2.25% to 2.5%. Governor…
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Nearly Half of New GTA Condo Sales Are Being Bought by Investors at Discounts of Up to 40%
Toronto’s struggling condominium market is seeing a surprising shift, with investment groups accounting for nearly half of all new condo sales across the Greater Toronto and Hamilton Area (GTHA) during the third quarter of 2026. According to the latest report from real estate research firm Urbanation, bulk investors purchased 339 new condominium units during Q3,…
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What You Can Get In Ontario At Different Budgets Right Now
What does $349,000, $750,000, $1 million or even $5 million actually get you in Ontario right now? The answer depends heavily on where you look. A budget under $500,000 can still get you into the market in parts of Ontario, while moving into the $700,000 to $1-million range opens up everything from GTA townhouses to…
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This $2.3M Ontario Lake House Was A Filming Location For The Tragically Hip
An Ontario lake house with a pretty incredible connection to Canadian music history is currently for sale. Located on Stoney Lake in Douro-Dummer, the $2.295-million waterfront property was most recently used as a filming location for The Tragically Hip’s music video for “Get Back Again.” And the music connection is especially fitting considering the property…
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The Best Ontario Towns To Raise A Family Without Spending $1 Million, 2026 Update
Raising a family in Ontario does not have to mean spending more than $1 million on a home. While Toronto and some of its surrounding suburbs remain expensive, there are still communities across the province where home prices are lower and families have access to schools, hospitals, recreation and major employment centres. For this 2026…
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2026 Ontario Property Tax Rates By City: Here’s Where Homeowners Pay The Most
Property tax rates vary dramatically depending on where you own a home in Ontario. In some municipalities, the 2026 residential property tax rate is below 0.8%. In others, it is approaching or exceeding 1.8%. That can translate into thousands of dollars in difference every year for properties with the same assessed value. For example, a…
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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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Ottawa Condo Construction Just Fell 49% As Developers Shift To Rentals
Ottawa’s new housing market is undergoing a major shift as condominium construction falls sharply and purpose-built rental apartments take over a growing share of development. According to the Canada Mortgage and Housing Corporation’s Fall 2026 Housing Supply Report, Ottawa condominium apartment starts fell 49% year over year. At the same time, purpose-built rentals now account…
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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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Toronto Homes Under $1 Million Are Becoming The Most Competitive
Finding a detached home for under $1 million in the Toronto area is still possible, but buyers looking in that price range may be facing some of the strongest competition in the market. New data from the Canadian Real Estate Association and Toronto Regional Real Estate Board shows that detached homes priced below $1 million…
