Tag: Ontario real estate
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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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Toronto Condo Construction Has Collapsed With Just 156 Units Started In The First Half Of 2026
Toronto’s condo construction slowdown has reached a dramatic new level, with just 156 condominium units started in the City of Toronto during the first half of 2026. According to the Canada Mortgage and Housing Corporation’s latest Housing Supply Report, that is a massive drop compared with the previous decade, when the city averaged roughly 7,000…
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Ontario Listings Of The Week: 10 Homes For Sale From $418K To $4.3M
Ontario’s housing market has everything from condos under $500,000 to sprawling waterfront homes and multimillion-dollar estates on the market right now. For this week’s Ontario Listings Of The Week, we’re looking at 10 properties we’ve recently featured across the province that are still available. The homes range from a $418,000 condo in Bowmanville to a nearly $4.3-million custom home…
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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 Lost 18,000 Jobs In August – Here’s What It Could Mean For The Housing Market
Ontario’s job market took a step backward in August, adding another layer of uncertainty for home buyers, mortgage holders and the province’s housing market. Ontario lost approximately 18,000 jobs in August 2026, according to the latest Labour Force Survey from Statistics Canada. Across the country, employment fell by 42,000 jobs, significantly weaker than economists had…
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The Bank Of Canada Just Warned Interest Rates Could Go Up More Than Once
Canadians who have been waiting for interest rates to fall could be in for a surprise, because the Bank of Canada is now warning that rates may need to go up again. The Bank of Canada held its policy interest rate at 2.25% on September 2, keeping it unchanged for another meeting. But what Governor…
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GTA Home Prices Are Now Nearly $354,000 Below Their 2022 Peak
Home prices across the Greater Toronto Area are now nearly $354,000 below their 2022 peak, as the region’s housing market continues to struggle to regain its pandemic-era highs. The GTA’s MLS Home Price Index benchmark fell to $925,900 in August 2026, according to the latest Toronto Regional Real Estate Board data. That’s down 4.5% compared…
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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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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…
