Tag: real estate
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Ontario’s New Housing Bill 98 Is Facing Backlash – Critics Say It Could Slow Development
Ontario’s latest housing legislation is already drawing criticism – with some experts warning it could actually make the housing crisis worse. Bill 98, also known as the Building Homes and Improving Transportation Infrastructure Act, 2026, is being positioned as a way to speed up housing construction. But critics say it may do the opposite. Thinking about…
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Ontario Announced an $8.8B Housing Deal – New Homes Could Be Up to $200K Cheaper
Ontario just made one of its biggest housing moves in years – and it could directly impact home prices across the province. A new $8.8 billion partnership between the federal and Ontario governments aims to cut construction costs, reduce taxes, and accelerate housing supply, announced on March 30, 2026. Thinking about buying?👉 Find out what you qualify…
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Ontario Cottage Country Prices Expected to Rise in 2026 as Supply Remains Tight
Ontario’s cottage country housing market could see another price increase this year, as limited inventory continues to support values despite broader economic uncertainty. A new report from Royal LePage forecasts that demand for recreational properties will remain strong across Canada in 2026, with prices expected to climb modestly. Cottage Prices Expected to Increase Again in 2026 According…
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Canadian Banks Now Relying on Home Sales to Recover $7B in Losses
Canada’s housing downturn is beginning to show up in a new and concerning way. According to a recent report from Better Dwelling, Canadian banks are increasingly relying on selling homes from delinquent borrowers to recover losses, with billions now tied to distressed real estate. New data suggests this trend is accelerating quickly. Banks Now Expecting…
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Ontario Housing Forecast Cut Again as New Construction Slows
Ontario’s housing market is facing another setback. New projections released alongside the province’s latest budget show that homebuilding expectations have been revised downward once again, raising further doubts about whether Ontario can meet its ambitious housing targets. Housing Targets Continue to Slip Back in 2022, the provincial government pledged to build 1.5 million homes by…
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TD Just Slashed Its 2026 Canada Housing Forecast – Prices Now Expected to Fall
Canada’s housing outlook for 2026 has taken a sharp turn. A new report from TD Economics now expects both home sales and prices to decline this year, reversing earlier forecasts that called for a strong rebound. TD Now Expects Sales and Prices to Decline in 2026 TD Economics is forecasting a weaker housing market than previously expected,…
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Ontario Removes HST on New Homes for One Year in Major Housing Affordability Push
The Ontario government is introducing a major, time-limited tax break aimed at cooling affordability pressures and stimulating new home construction across the province. Premier Doug Ford announced that the province will temporarily eliminate the 13% Harmonized Sales Tax (HST) on new homes for eligible buyers over a one-year period, starting April 1, 2026. The move…
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Canadian Housing Market Facing Largest Correction Since the 1990s, Warns BMO
Canada’s housing market may be deeper into a downturn than many realize. According to new insights from BMO Capital Markets, the current correction is shaping up to be the largest since the 1990s, with little indication that conditions will improve in the near term. Even more concerning, when adjusted for inflation, home prices in Canada…
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Canada Is Building More Homes, But Why Does It Still Feel Impossible to Buy?
Canada’s housing supply is growing, and on the surface, that should be good news for buyers. More homes typically mean more options, more competition among sellers, and eventually more affordable prices. But the reality is more complicated. While new construction is increasing, much of the supply being added to the market is not what most…
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Canada Housing Market 2026: Are Rate Cuts Over? Mortgage Rates Could Rise 75 Basis Points
After months of optimism around falling interest rates, a new narrative is emerging across Canada’s housing market and it could catch buyers and homeowners off guard. Financial markets are now pricing in the possibility that the Bank of Canada may not only delay rate cuts, but could raise interest rates again in 2026. For a…
Canada Housing Market 