Tag: Toronto housing market
-
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…
-
Ontario’s Housing Market Is No Longer A Buyer’s Market, CREA Says
Ontario’s housing market is starting to look very different than it did just a few months ago. After spending the first four months of 2026 in buyer’s-market territory, conditions across the province have tightened considerably, according to the latest housing data from the Canadian Real Estate Association. CREA’s July report, released August 18, says Ontario’s…
-
Here’s How Much Toronto Home Prices Have Fallen By Property Type
Home prices across the Greater Toronto Area are still lower than they were a year ago, but the size of the decline depends heavily on what type of home you’re looking at. The average GTA home sold for $1,003,956 in July 2026, down 4.5% compared with July 2025. The MLS Home Price Index benchmark also…
-
Toronto Is Getting Up To $2.7 Billion To Build More Than 5,600 Rental Homes
Thousands of new rental homes are coming to Toronto as part of a massive new housing investment announced by the federal government and the City. On August 5, Toronto and Ottawa announced a partnership worth up to $2.7 billion aimed at accelerating construction of purpose-built rental housing across the city. The plan is expected to…
-
What You Can Buy In Toronto At Different Budgets Right Now
Whether you are a first-time buyer or moving up the property ladder, here is a breakdown of what different budgets currently buy across the city as of June 30, 2026. This guide covers condos, townhomes, and detached homes so you can see how far your budget goes in today’s market. Click on the links to…
-
Ontario Cities Ranked From Cheapest To Most Expensive For Homebuyers In 2026
Ontario’s housing market looks very different than it did just a few years ago. While home prices remain elevated in many parts of the province, the correction that began in 2022 has created larger affordability gaps between Ontario’s most expensive and most affordable cities. Today, buyers willing to look beyond the Greater Toronto Area can…
-
Toronto’s Condo Crash May Not Bottom Until 2028, TD Warns
Toronto’s condo market continues to struggle through one of its deepest and longest downturns in decades, with some economists warning the correction could continue for years. A new report from TD Economics projects Greater Toronto Area condo prices may not begin a sustained recovery until 2028. The bank estimates prices could ultimately fall between 25%…
-
Ontario’s HST Rebate Is Helping Boost New Home Sales In The GTA, Industry Says
Ontario’s new HST rebate appears to be giving the Greater Toronto Area’s struggling new home market a much-needed boost. New data released by the Building Industry and Land Development Association (BILD) shows new home sales remained stronger than expected in May, marking the second consecutive month that low-rise home sales outperformed their 10-year average. Industry…
-
This Toronto Condo Project Sold 75% Of Units While Others Are Being Cancelled
As Toronto’s condo market continues to struggle with weak sales, project cancellations, and growing inventory, one developer has managed to do what many others currently can’t: secure enough buyers to start construction. Developer Canderel officially broke ground this week on Forêt Forest Hill, a three-tower condominium development at the corner of Bathurst Street and St.…
-
Edmonton Has Overtaken Toronto As Canada’s Hottest Luxury Housing Market
For years, Toronto dominated conversations about Canada’s luxury real estate market. But new data suggests another city is now leading the country’s high-end housing sector. According to a new report from Re/Max Canada, Edmonton recorded the strongest growth in luxury home sales among major Canadian markets, with transactions increasing 50% year-over-year. Meanwhile, luxury home sales…
