5 d. ago Popular downtown Toronto pub closing after 81 years for future condo

A long-time downtown Toronto tavern featuring a glowing red neon sign will be closing its doors permanently to condo developers. The owners of The Imperial Pub, in business for more than eight decades, announced they will be serving their last pint and meal in mid-November. “Thank you, Toronto, for 81 wonderful years,” the pub’s website […]

Other

1 week ago Toronto's crashing condo market like nothing seen since global financial crisis

Toronto's pre-construction condo market is finally bottoming out after over a decade and a half of frenzied construction that has reshaped the city's skyline while also contributing to a runaway increase in housing costs.But after years of doom-and-gloom predictions, a new RBC report makes it pretty clear that the developers and investors running the show are no longer able to rake in the immense profits that drove the local building boom to sky-scraping heights (and costs).The report released on Tuesday, titled "Navigating Toronto's frozen pre-construction condo market," outlines the steep decline in sales in pre-construction developments, a nosedive characterized as a "deep freeze" of "plummeting" sales at levels "not seen since the global financial crisis."RBCIt may seem like they're stating the obvious at this point, but experts are pointing to the reality of investor demand driving the local pre-construction condo market a...

Events

1 week ago GTA condo downturn not likely to be as severe as early ’90s: CMHC

Canada’s housing agency says the weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe. Canada Mortgage and Housing Corp. says in the new report that a more diverse and stable economy, stricter lending rules, and […]

Other

1 week ago Greater Toronto condo downturn not likely to be as severe as early ’90s: CMHC

The report says GTA condo prices are declining at similar rates to the early '90s, but that it expects prices to start gaining within a few quarters.

Other

1 week ago Government intervention required immediately to avoid a severe housing downturn

Toronto, Sept. 23, 2025 (GLOBE NEWSWIRE) — Greater Toronto Area, September 23, 2025 – With Greater Toronto Area (GTA) new home sales stagnating at historic lows, other major markets facing similar conditions, and signs of the contagion spreading, governments can no longer ignore the unfolding crisis, the Building Industry and Land Development Association (BILD) said […]

Politics

2 w. ago Toronto condo sold at $800,000 loss just six months after last sale

A Toronto condo was sold at a staggering $800,000 loss this month despite only being purchased six months ago. The condo's turbulent sales history was shared on X, where many took the opportunity to reflect on the current state of the city's real estate market, particularly its condo segment. According to public MLS data, the Yorkville condo was originally purchased in March 2025 for $3.15 million. Just a few months later, the apartment was listed for sale again in June 2025 for $2.99 million, but was taken off the market shortly after. Recently, the condo was listed again for nearly $2.55 million, and went on to sell for $2.35 million a few days later — representing a loss of $800,000 when compared to its price earlier this year. The condo's sales history. Source: HouseSigma.According to its listing, the 2,300-square-foot, two-bedroom, two-bathroom condo is located in a luxury building with hotel-style amenities, offering floor-to-ceiling ...

Economics

3 w. ago Toronto condo sues church for $2.3 million over allegations of drug trafficking and violence

The lawsuit claims the Sanctuary ‘routinely engaged in and/or permitted illegal, illicit, disruptive, interfering and egregious conduct to occur on its property‘

Economics