Tag: Toronto housing market
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Canadian Home Sales Decline 1.7% in September 2025
The Canadian housing market showed signs of cooling in September 2025, as home sales declined 1.7% month-over-month, according to new data from the Canadian Real Estate Association (CREA). The drop ends a streak of steady monthly increases that began in April. Despite this pullback, activity remains strong compared to previous years, with sales running at their highest September level since…
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Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
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GTA Active Listings Reach 31,000 in May- Highest in Nearly 25 Years
The Greater Toronto Area (GTA) just hit a historic real estate milestone. In May 2025, active listings reached 30,964, the highest end-of-month count recorded since at least August 2002, according to the Toronto Regional Real Estate Board (TRREB). This 25-year high signals a major shift in the region’s housing landscape—one that heavily favors buyers. 📊…
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Toronto Real Estate Market Update – June 2025
The Toronto housing market is stabilizing in June 2025 as high interest rates, rising inventory, and shifting buyer demand cool what was once Canada’s hottest real estate scene. While some property types are seeing modest price declines, Toronto real estate remains expensive and competitive in key neighborhoods. 📊 Toronto Housing Prices – June 2025 According…
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Toronto Proposes Down Payment Assistance for High Earners in the 80th Income Percentile
Toronto is considering a new housing initiative that could help higher-income earners in the 80th percentile of incomes buy homes by providing down payment assistance. This program aims to make homeownership more attainable for residents who earn between $125,000 and $150,000 annually but still struggle to afford homes in the city’s competitive market. If implemented,…
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Buying vs. Renting in Ontario: What Makes More Financial Sense in 2024?
As Ontario’s real estate market continues to evolve, the age-old question of whether to buy or rent has never been more relevant. With property prices fluctuating and interest rates affecting mortgage affordability, the decision between buying and renting can have significant financial implications. To help navigate this complex decision, we’ve gathered insights from financial planners…
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Major Developers Join Toronto’s ‘Housing Now’ Initiative to Tackle Housing Crisis
The City of Toronto’s dedicated housing agency, CreateTO, recently provided an update on the ‘Housing Now’ initiative, revealing significant involvement from some of the city’s biggest developers. This collaboration aims to address the city’s housing shortage and affordability crisis. Notable developers like KingSett Capital, Greenwin, Tridel, Kilmer-Tricon, Ellis Don, and Windmill are key players in…
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1 in 5 Toronto Renters Spend Over Half Their Income on Rent, According to a New Report
Toronto’s housing market crisis is not limited to soaring home values that price residents out of ownership; renting is also becoming increasingly unaffordable. A recent report by Royal LePage reveals that nearly one in five Toronto renters now spend more than half of their monthly income on rent, highlighting the severity of the city’s affordability…
Canada Housing Market 