44 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 ...

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9 d. ago The average home is now going for way under asking price in almost 100% of the GTA

The days of Toronto serving as one of the hottest cities in the world for real estate have come and gone, as the region continues to struggle with an abundance of condos, townhomes and houses that no one seems interested in purchasing.Leaders continue to underscore how crucial it is that we ramp up residential construction, yet a record number of homes — upwards of 30,000 — sit on the market each month.The disparity between supply and demand has hit a new high this year, but in the complete opposite way than most may have expected: sales activity is in freefall as more and more properties hit the market, and properties are sitting on the market for far longer as a result. It means that those few who aren't balking at interest rates, recession, tariffs and general economic precarity, and are actually looking to invest, have been able to nab quite a deal.According to recent data, in a whopping 98 per...

Economics

9 d. ago Here's what you have to earn per hour to afford living in Toronto

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

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9 d. ago Here's what you have to earn per hour to afford living in Toronto right now

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

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1 week ago Calgary real estate prices declining, driven by increased supply

An increase in housing has bumped up the inventory to 6,661 homes

Economics

1 week ago Calgary home sales down 9 per cent in August as high inventory driving price declines: CREB

Both the number of homes sold and the average selling price of a home declined slightly in August, compared to a year earlier, according to the Calgary Real Estate Board.

Economics

1 week ago Oil Traders Expect OPEC+ to Hold Oil Output Flat at Weekend Meeting

Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases.

Economics

2 w. ago One of the most expensive homes ever listed in Toronto has just hit the market

If you've ever wondered what Versailles would look like if someone rebuilt it in the Bridle Path, then look no further than this mansion on High Point Rd.This palatial estate isn't just another luxury home — it's one of the most celebrated residences in the world, and it comes with a price tag to match.The High Point Rd. estate is listed for an unfathomable $49,950,000.Doors and windows are custom made in Europe by Varholz of Nagy-Varad."This property is one of the highest in both pricing and value in the GTA," listing agent Jimmy Molloy of Chestnut Park Real Estate tells blogTO.A bathroom. The French Revival–style mansion took seven years of meticulous planning and craftsmanship to complete, calling upon some of Europe's top artisans, architects and designers. The Asian Room ceiling has gold and silver decorative painting crafted by David Hannivan. Shane Baghai, the founding father of luxury condominiums, cust...

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2 w. ago Opinion: The real problem with Calgary’s supervised consumption site — and how to fix it

Closing Calgary’s only supervised consumption site without any alternatives would be a mistake — a fatal one to the people who access the services — and cause more havoc for Beltline businesses and residents. Police data says crime is down but Calgarians would disagree. This mismatch suggests a significant divide between the reality of safety […]

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3 w. ago Retail sales rise in June even as trade tensions hit Canadian businesses

More than quarter of businesses face price increases, changing demand and supply chain delays

Economics

3 w. ago Average rents in Ontario are plunging fast and here's where they're declining most

As exceedingly unaffordable as Toronto is reputed to be, now is actually one of the cheaper times to live in the city, at least when it comes to housing costs.The region's real estate values and rent prices have plummeted markedly over the last year, pushing property owners looking to sell and landlords searching for tenants to new levels of desperation.The latest survey of the landscape shows that the standard GTA home is now selling for 5.5 per cent less than this time last year (when prices were already on the decline). Condos are bearing the brunt of the downturn, seeing a 9.3 per cent year-over-year deterioration in sale price.And, the turmoil is extending to rentals, the prices for which, per the latest stats, have decreased by double-digit percentages since this time in 2024.Listing site Zumper, which regularly assesses price points for apartments across the country, says in its latest report that the median monthly cost of a one-bedroom...

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