Tag: toronto real estate news
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GTA Condo Market Hits Historic Slowdown As Only 246 New Condos Sold In Q1
Toronto’s condo market is continuing to face major pressure in 2026, and new data suggests conditions may be reaching historic lows. According to Urbanation data, only 246 new condos sold across the entire Greater Toronto Area during the first quarter of 2026. At the same time, more than 4,300 completed condo units reportedly remained unsold.…
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Toronto Home Sales Just Saw Their Biggest Jump in 9 Months
Toronto’s housing market may be showing early signs of renewed activity, with new data showing GTA home sales posted their strongest increase in months. According to the Toronto Regional Real Estate Board (TRREB), 5,946 homes sold across the GTA in April 2026, marking a 7% increase compared to April 2025. Reuters reported that this was…
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Toronto Rents Just Hit Their Lowest Level in Nearly 4 Years
Toronto’s rental market is continuing to cool, with new data showing prices have dropped to their lowest level in years. According to a new report from Rentals.ca and Urbanation, average asking rents in Toronto have fallen to their lowest level since May 2022, marking a 46-month low. Rents Continue to Decline Across Toronto The latest…
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92% of Toronto Homes Sold Below Asking in March
Toronto’s housing market is continuing to shift in a major way, with new data showing buyers now have significantly more negotiating power than in recent years. A report from Wahi found that 92% of homes across the Greater Toronto Area sold below asking price in March, marking the weakest level of buyer competition in at…
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Canada’s Banking Regulator Warns Banks About Condo Mortgage Appraisals as Prices Fall
Canada’s banking regulator is raising concerns about how some mortgage approvals are being handled as condominium prices decline across major cities like Toronto and Vancouver. New documents obtained by Reuters show that the Office of the Superintendent of Financial Institutions (OSFI) warned major Canadian banks about the risks of using “blanket appraisals” for condo mortgages…
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Toronto Condo Market in “Recession” as Supply Outpaces Demand, BMO Says
Toronto’s condominium market is facing one of its most challenging periods in years, according to a new analysis from BMO Capital Markets. Economists at the bank say the Greater Toronto Area condo sector is effectively in a housing recession, with falling prices, weak sales, and a large pipeline of supply that buyers and investors are…
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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 March 7, 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…
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Greater Toronto Area Listings to Keep Your Eye on Right Now
March 6, 2026 The Greater Toronto Area (GTA) housing market continues to present opportunities for buyers, sellers, and investors who know where to look. While overall conditions remain competitive, certain neighbourhoods and property types are standing out due to pricing shifts, increased inventory, and long-term growth potential. Here’s a closer look at Greater Toronto listings worth…
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Half-Built Toronto Home For Sale For $1M
January 30 2026 A half-finished detached home in Scarborough is back on the market – and still priced above the $1 million mark, despite sitting incomplete for nearly two years. The property at 6 Cotton Avenue originally sold in 2020 as a standard three-bedroom bungalow, during the height of Toronto’s pandemic housing surge. The new…
Canada Housing Market 