24 h. ago Detached Toronto house is under $500,000 but there's a catch

Attention, brave souls of the Toronto real estate world: a detached house on Rhodes Ave. E. has magically appeared on the market for under $500,000. Yes, under.Of course, it's a bit of a mess. We're talking a bed in the dining room, particle board–covered windows, missing ceilings, and a basement that adults and children alike would be scared to enter.But according to the listing, it's got "potential", you just need to look past the chaos to see it. What was once probably the dining room. You'll definitely need a strong stomach and positive attitude to navigate the "needs TLC" part.The one and only bathroom that is missing part of the ceiling. From the photos, there's a lot of work to be done if you're going to keep the original structure. An air-conditioning unit is balanced over the stairs. But if you dream of being a handyman, a builder, or a renovator with a boat load of optimism, this could be a gre...

Economics

24 h. ago 10 condos you can buy for less than $400k in downtown Toronto right now

Toronto's real estate market is in an unprecedented downward spiral which continues to scare away buyers worried about what snail-paced sales and a growing backlog of listings will mean for their future investment.But, for those brave enough to fulfill their dream of property ownership amid such an uncertain market (and economy in general), there are some serious deals to be had, with house, townhome and condo prices inching downward, in some cases to levels not seen in many years.For the first time in a long time, units in downtown T.O. are getting snagged for around the $350,000 mark — one, in fact, sold for only $295,000 this week — with dozens currently available in the $300k range, which would have been unheard of just a few years ago.Here are some of the most affordable units on the market right now:1014-251 Jarvis StreetKW Living Realty, Brokerage/condos.caThis clean, bright studio may be small and cookie-cutter, but wha...

Economics

32 h. ago Here are the most and least expensive places in the GTA to buy a home right now

There are some major deals to be had for those wading into the Toronto real estate market these days — at least, when contrasted against the prices of just a few years ago — with the vast majority of the few homes switching hands now going for far under asking price.The newest reports from August 2025 show homes in the region are going for tens of thousands of dollars less than they were last year, with average prices ranging from $642,195 for a condo to $1.3 million for a standalone house — the latter especially, still nothing to scoff at, but a notable 7.5 per cent cheaper than this time last year.But regardless of how much GTA homes have depreciated in value and which areas are being the most drastically underbid, one may wonder what neighbourhoods have the cheapest properties overall in terms of dollar amount right now.Once again, local property platform Wahi has surveyed the market and has released a ...

Other

33 h. ago OREA and TRREB Joint Statement on RECO’s Notice for Application regarding iPro Realty

TORONTO, Sept. 12, 2025 (GLOBE NEWSWIRE) — “Today, the Real Estate Council of Ontario (RECO) took an important step towards addressing the iPro Realty Ltd. matter, which impacted 2,400 REALTORS® and their clients across the province. In a statement published on September 12, 2025, RECO advised that they have filed a Notice of Application with […]

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35 h. ago CMHC head says there’s room for banks to take on more risk in funding housing construction

Housing starts in the first half of 2025 were lower than in 2024

Other

39 h. ago Buyers showing optimism, could a real estate turnaround be far behind?

A combination of lower interest rates, increased inventory and improved affordability will entice buyers to get back into action Following a period characterized by consumer uncertainty and a pull-back of buyers in early 2025, the Canadian housing market may be turning a new leaf this fall, according to a new REMAX Fall Housing Market Update. […]

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42 h. ago Next week’s decision could be a leap of faith for Bank of Canada

Robert McLister: Rate cuts only make sense if central bankers genuinely believe inflation will glide back to target

Other

48 h. ago A $3 million home is one of the largest on this coveted Toronto street

Do you want the house tour? 20 Fairview Boulevard is a 4,000 square foot slice of heaven. Come on in!This distinguished three-storey home sits in the sought-after neighbourhood of Riverdale, which offers the best of both worlds: the serene exclusivity of the suburbs with the ultimate urban convenience of being just steps from Broadview Station.To enter, you'll step through a beautiful enclosed brick front porch, complete with a slate floor and double-hung chicory wood-clad windows. Morning coffee probably tastes extra delicious watching the sun rise from this cozy alcove.All this, and we're not even inside yet!Inside, you're met with a large foyer featuring a coat closet, a glimmering powder room, and a splendid oak staircase that leads to the upper floors and basement.The living room boasts a large bay window and a zero-clearance radiant gas fireplace, setting the perfect scene for the cozy fall and winter evenings ahead.There's so much you ...

Economics

55 h. ago SmartStop Self Storage REIT, Inc. Added to MSCI US REIT (RMZ) Index

LADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced its inclusion in the MSCI US REIT Index (RMZ), effective after market close on August 26, 2025. The MSCI US […]

Culture

59 h. ago Canadians are refusing to accept reality and write down their real estate — and sales are suffering as a result

There is reluctance to accept the new economic reality and the impact that is having on the value of assets

Other

65 h. ago Real Brokerage Welcomes The Collective Group, Washington State’s No. 3 Ranked Team Based on Transaction Volume

Led by Tracy Erickson, the top-producing, community-focused Seattle team brings 15 agents and $575 million in sales since 2020 to Real MIAMI — The Real Brokerage Inc. (NASDAQ: REAX), a leading real estate technology platform redefining the industry through innovation and culture, today announced that The Collective Group, one of Seattle’s highest-producing and most respected […]

Other

3 d. ago This $5 million townhouse in an old Toronto mansion is pure class

Most townhouses in Toronto are narrow new builds with more stairs than anyone should reasonably have to climb.But the townhomes at 35 Rosedale Rd.? They feel like they should come with a British title, a butler, a trust fund, and maybe a tiny dog named Winston. Basically, it's old money meets modern luxury.Originally a grand single-family home, this mansion is known as the Captain Samuel Crangle House.The covered front porch. Built in 1891 in the Queen Anne Revival style by architects Henry Gordon and Grant Helliwell — the duo behind several University of Toronto buildings and some of the city's most beautiful churches — it's a stunner.The foyer. Think bay windows, ornate trimwork, warm hardwood floors, and classic brickwork that transports you straight to Victorian England.One of the bedrooms with built-in storage. Eventually, the mansion was converted into condo townhomes, and they almost never hit the market.A little office nook. In fac...

Economics

3 d. ago ‘Rents are going through the roof’: Why Brookfield CEO Bruce Flatt is bullish on a New York real estate rebound

Lack of construction and looming interest rate cuts setting market up for strong run, investors told

Other

3 d. ago CAPREIT Completes Sale of International Plaza to Nch’ḵaý Development Corporation

This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated May 15, 2025, to its short form base shelf prospectus dated May 15, 2025. TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today that it has completed the sale […]

Society

3 d. ago Stunning Toronto tower proposal is 4 times as tall as last plan for same site

A long-dead proposal to redevelop a heritage church property in Toronto has resurfaced, only much larger than what was planned for the site just four years earlier.The major redevelopment scheme would see a breathtaking tower sprout from the 1887-built St Luke's United Church at the corner of Sherbourne and Carlton, planned to rise 48 storeys and reshape the local skyline in the process.Positioned at the junction of two busy TTC routes, the site is primed for intensification, though the scale being sought might raise some eyebrows in the community.Developer Kindred Works' application for 353-355 Sherbourne Street features a design from KPMB Architects, incorporating heritage retention work from ERA Architects, which would feature a dramatic mid-section between the tower and heritage base, boasting sweeping arches that create a dialogue between the old and new volumes.The current plan would preserve the original 1887 church and the attached 1912-built Sunday School, and ...

Other

3 d. ago Brookfield Weighs Sale of €1.9 Billion European Student Dorms

Brookfield Asset Management Ltd. is weighing the sale of a major European student housing business as the company looks to ramp up disposals from its real estate funds after several years of anemic dealmaking.

Economics

4 d. ago A flashlight is needed to view this abandoned Toronto home listed for $700K

If you've ever dreamed of living in Toronto's Leslieville neighbourhood but your budget keeps laughing in your face, here's your shot — provided you're cool with a little (okay, a lot) of elbow grease.Priced at a steal of just $699,900, 360 Logan Ave. is a Victorian semi that doesn't whisper "project house" — it screams it.The listing literally suggests bringing a flashlight to your showing, which is either ominous or thrilling depending on how you feel about cracked ceilings, lime green trim, and mysterious stains.The attic with missing patch of ceiling. The bones? Classic… but questionable (see: aforementioned cracked ceilings).The bathroom with plenty of visible water damage. Still, for the brave, you're looking at two and a half storeys, four bedrooms, two bathrooms, a deep 115-foot lot with laneway parking.A bedroom with peeling paint. And the location? Chef's kiss.The very run-down kitchen t...

Economics

4 d. ago reAlpha Strengthens Mortgage Platform with Upgraded Internal AI Loan Officer Assistant Capabilities

DUBLIN, Ohio, Sept. 09, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), an AI-powered real estate technology company, today announced an upgrade to its internal AI Loan Officer Assistant, enhancing the Company’s ability to streamline mortgage operations by automating document classification, extraction, and validation. The assistant, which could previously only […]

Events

4 d. ago Toronto on pace for lowest annual housing starts in 30 years, CMHC says

Flat housing starts for seven key metropolitan areas, despite some markets building new homes at record pace

Culture

4 d. ago Stunning luxurious Ontario bungalow sits on beautiful slice of forested heaven

Welcome to your very own slice of cottage heaven at 2993 Innisfil Beach Road, a tranquil dream property on almost 20 acres of Muskoka-like grounds.Cottage country living in the GTA.This newly designed Innisfil bungalow features four bedrooms and four bathrooms tucked away in a private forest. With 4,672 square feet, it's a nature lover's dream, complete with all the bells and whistles of city living.Walking up to your grand front porch and into the home, you're greeted by Italian porcelain floors, high ceilings, and ample living space.The main floor houses the chef's kitchen, complete with a dreamy quartz island and countertops, and top-of-the-line LG stainless steel appliances.Cool colours really capture the size of this grand kitchen.You won't have to scramble for kitchen storage space thanks to this home's extensive upper and lower cabinetry. The sleek, modern design of the kitchen gives off a minimalist chic vibe.Lots of space for all of yo...

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