Tag: Toronto housing market
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The 5 Most Expensive Homes For Sale In Toronto Right Now
Toronto’s luxury real estate market has some seriously jaw-dropping listings right now, including sprawling Bridle Path estates, a Casa Loma mansion and one property asking nearly $50 million. As of September 23, 2026, current listing data shows several Toronto homes asking more than $20 million, with the most expensive residential listing priced at a staggering…
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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…
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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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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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What You Can Get At Different Budgets In Toronto Right Now
Toronto real estate looks VERY different depending on how much you have to spend. Right now, buyers can find everything from condos under $400,000 to detached homes around $1 million and massive luxury properties approaching $3 million. We looked at 10 active listings across Toronto to see what different budgets can actually get you right…
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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 Housing Starts Just Fell 10% As New Construction Slows
Toronto needs significantly more housing in the years ahead, but the latest construction numbers are moving in the opposite direction. New data from the Canada Mortgage and Housing Corporation shows housing starts across the Toronto area fell 10% year-over-year in July 2026, driven by a decline in multi-unit construction. A total of 1,540 homes started…
