8 h. ago Canada’s weak condo market leaves potential house buyers ‘kind of stuck’

Canada's weak condo market has those looking to leave condo life behind and upgrade to a house in a tough spot: sell now at a lower than anticipated value, or wait out the storm.

Other

12 h. ago ‘Kind of stuck’: Weak condo market means tough choices for potential move

While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment. Cities like Toronto and Vancouver have seen condo sales drop off, if not stagnate, in recent years […]

Other

8 d. ago Lorne Gunter: Canada looks weak to U.S. by backpedalling on digital services tax

There are so many things wrong about the Liberals’ climbdown from the digital services tax (DST) announced late last Sunday evening. For one, they look like they played chicken with U.S. President Donald Trump and lost. They swerved first. That makes them (and the whole country) look weak. Trump will now be back again and […]

Economics

2 w. ago Canada Steel Firms Say Weak Tariff Response Risks Wider Layoffs

A group of Canadian steel producers said the government’s plan to restrict foreign steel imports isn’t strong enough and warned that the industry is set to shed thousands more jobs because of US tariffs.

Economics

2 w. ago Letters June 25, 2025: ‘We need to get creative to solve this housing crisis.’

CO-OP HOUSING Apart from the fact that young potential home buyers face a multitude of obstacles when attempting to become a homeowner, such as mortgage costs, large down payments, huge development fees and costs, I suggest that our government and developers concentrate on building co-operative housing to allow the 40-year-old generation to move out of […]

Other

2 w. ago Here's the minimum salary required to afford a home in Toronto right now

Even with a record 32,000-plus homes up for sale in and around Toronto and few of them actually changing hands, housing affordability in the region is still deteriorating, suggesting that the present market lull is likely to continue.Based on the most recent average house and condo prices in May, along with present interest rates, the market experts at Ratehub.ca have calculated how much a household would need to earn each year to float the standard mortgage in cities across Canada, including in T.O.And, to people living elsewhere in the world (or even the country) where real estate prices are far lower and incomes are higher, the figure may be shocking.Between April and May of this year, the mean price across housing types rose by a slight $2,500 in Toronto, per the firm's data, from $1,009,400 to $1,012,800. This makes the typical monthly mortgage bill in the city $1,968, some $12 more than just a month earlier.In total, at a lending rate of ...

Other

3 w. ago No one is building condos in Toronto anymore as market hits 20

Almost every piece of data that has emerged about Toronto real estate in the last year-plus has served as a disheartening blow to anyone with a stake in the market, as the city's once-scorching sector has slowed to a crawl — and keeps waning further.The latest analysis, published by the Canada Mortgage and Housing Corporation (CMHC) on Monday, reinforces that the country's new condo market specifically is in a state of deep turmoil, especially in locales like Toronto and Vancouver, where the housing type has long been a boon to investors.The national housing agency says that as of May, housing starts nationwide have fallen slightly from this time last year, mostly driven by "weak condominium market conditions" in both Toronto and Vancouver that have pulled the stats for these hubs down drastically below this national average.The west coast city broke ground on 10 per cent fewer homes over the co...

Other

3 w. ago Buyers’ market takes hold in Southwestern Ontario – but can first

After a couple of years in balanced territory, Southwestern Ontario’s housing market is firmly turning into a buyers' one

Other

4 w. ago The federal government’s GST/HST legislation must meet the needs of the GTA housing market 

A few weeks ago, the federal government tabled its proposed GST/HST reduction measures on new homes. Unfortunately, like many federal housing policies, the proposal to exempt first-time new home buyers from the GST for homes under $1 million and provide a declining exemption to homes for $1.5 million does not recognize the realities of the […]

Politics