8 h. ago Buyers now offering way less than asking price for homes in almost all of the GTA

One may wonder how much more doom and gloom the Toronto housing market can handle, as the negative statistics and outlooks keep piling up month after month.The city, having been immensely overvalued and undersupplied for so long, is in a bit of a state of shock now that the market has done a 180, with more homes now up for sale than ever, making for largest gap between supply and demand on record.Even if this is all good for would-be buyers who have been waiting for some semblance of affordability for years, the stagnation has only led to a modest drop in average prices lately, with most owners and developers unwilling or unable to bear the substantial loss of pricing to sell in this current landscape.Still, per the latest numbers from the Toronto Regional Real Estate Board (TRREB), the cost of the standard residential property in the GTA slid 5.4 per cent in June compared to the same time last year — the most significant year-over-...

Economics

3 d. ago TRREB: More Interest Rate Cuts and a Trade Deal Would Further Improve Home Sales

TORONTO, July 04, 2025 (GLOBE NEWSWIRE) — Ownership housing affordability continued to improve in June 2025. Average selling prices and borrowing costs remained lower than last year’s levels. However, despite some month-over-month momentum, many would-be homebuyers remained on the sidelines due to economic uncertainty.  “The GTA housing market continued to show signs of recovery in […]

Economics

4 d. ago CRIME SCENE: Duo charged in series of Markham home invasions targeting sex workers

York Regional Police have charged a man and woman from the GTA in connection with a series of targeted home invasion robberies in Markham. Officers responded to an invasion at a condo building near Verdale Crossing and Birchmount Rd. on May 30 at about 11:30 p.m. Cops said the victim, a sex trade worker, was […]

Events

1 week ago Housing supply, employment and economic activity in the GTA are at risk without broad GST/HST relief for new homes 

An article released earlier this month by Altus Group, prepared for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association, indicates that without significant intervention to jump-start the housing sector, almost 50 per cent of residential construction sector jobs in the Greater Toronto Area (GTA) are at risk. The report […]

Transport

1 week ago CRIME SCENE: 3 men charged after cops probe alleged home renovation scam

Toronto Police alerted the public about three men who have been charged in an ongoing fraud investigation. Between March 8 and March 27, the suspects were allegedly operating businesses in the GTA by the name of Kabe Home Improvements, Sen Financial, Space Inc., Entire Smart Home Inc. and Eastwood Construction and offered two Toronto residents […]

Events

1 week ago GTA new home sales in May were down dramatically from year before

'Market conditions definitely are in the buyer’s favour right now -- they just need the confidence to move ahead with their purchase'

Other

2 w. ago Two GTA teens charged after probe into armed home invasions, carjackings

Two teens from the GTA have been charged by York Regional Police, who also seized a firearm and ammunition, after a probe into a series of armed home invasions and carjackings across York, Peel and Toronto. The investigation – dubbed Project Gamer – was launched after an April 5 incident during which multiple people, at […]

Events