Tag: Ontario real estate news
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Canada Cuts Housing Budget 56% Despite Crisis – PBO Warns CMHC Funding at Risk
Canada’s federal housing strategy just took another major hit. According to a new report from the Parliamentary Budget Officer (PBO), Ottawa is set to cut housing spending by 56% over the next few years, even as affordability hits historic lows. The PBO also warns that the CMHC is facing deep funding reductions that could affect…
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Greater Toronto Area Home Sales Drop 15.8 Percent in November as Buyers Stay on the Sidelines
The Greater Toronto Area saw a sharp slowdown in housing activity in November, with home sales falling 15.8 percent year-over-year. According to new data from the Toronto Regional Real Estate Board (TRREB), only 5,010 homes traded hands last month as affordability pressures, job uncertainty, and high borrowing costs continued to weigh on buyer confidence. While…
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Ontario Housing Market Forecast 2025–27: Prices Slump in 2025, Recovery Ahead?
Multiple authoritative sources are now forecasting price declines in Ontario’s housing market in 2025, before a potential rebound in 2026- 27. Key economic drivers such as investor sentiment, interest rate trajectories, and policy developments will play critical roles in how the recovery unfolds. 2025: Market Cools Across Ontario 2026–27: Gradual Market Recovery Key Drivers Shaping the Forecast Investor Sentiment &…
Canada Housing Market 