Tag: Toronto housing crisis
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Ontario Condos Are One-Third Smaller Than They Used To Be – But Cost Way More
Ontario condos have gone through a major transformation over the past four decades, and not in a way most buyers would expect. New data shows that condo units across the province have shrunk roughly one-third in size since the 1970s, even as prices have climbed to record levels. The trend, often called “shrink-flation,” has become a defining feature of…
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Toronto’s New Rental Renovation Licence Bylaw Takes Effect July 31, 2025: What Landlords & Tenants Need to Know
Say goodbye to shady “renovictions.” Toronto is taking action to protect tenants and preserve affordable rentals. On November 14, 2024, Toronto City Council officially adopted the Rental Renovation Licence Bylaw, a new measure aimed at stopping bad faith evictions and keeping rental housing fair and accessible. The bylaw takes effect on July 31, 2025, and…
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Canada Needs to Double Home Construction to Restore Affordability by 2035, Says CMHC
CMHC: 4.8 Million New Homes Needed to Close Canada’s Affordability Gap In a newly released report, the Canada Mortgage and Housing Corporation (CMHC) says that Canada must double its current pace of housing construction to restore affordability levels last seen in 2019. That means building between 430,000 and 480,000 homes per year– both in the…
Canada Housing Market 