47 h. 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

3 d. ago This dazzling Toronto home just reduced its price by $1.5 million

If you're in the market for mansion living but you're working with a house budget, this breathtaking Toronto property, whose price was just reduced by $1.5 million, might just be the place for you....Assuming that "house" budget is $5 million, that is.Located on a serene street steps from Bayview Avenue and York Mills Road, 37 Rollscourt Drive is the stuff Toronto property dreams are made of, boasting luxe-yet-tasteful finishes at every corner.With a prime location just minutes from Highway 401 and local schools, though, that serenity doesn't come at the expense of true city living.The grand entrance.Soaring over the centrepiece of the main floor — an elegant cascading staircase that leads to the bedrooms and amenities on the second storey — you'll spy a refined domed skylight that gives the whole space a regal feel.The living room.The sleek 333-sq.-ft. living space provides a comfortable and stylish spot for social gatherings or unwin...

Economics

3 d. ago Rent prices in Ontario keep plummeting and here's where they're the lowest

The cost of living in Ontario may still be completely out of hand, but at least the price of something in the province is going down: rent.The price of the average Ontario apartment has been on the decline for months, including in cities like Guelph, Barrie, Mississauga and yes, even incessantly expensive Toronto, which now boasts the lowest rents it's seen in years as the housing market crashes.A sharp rise in supply amid a drop-off in demand across both the real estate and rental markets — especially when it comes to condo units — has been a huge force in reducing prices in key markets across Canada, with year-over-year price reductions now reported for eight months in a row.In Ontario, prices for all unit sizes but three-bedrooms plummeted year-over-year yet again in May, according to new stats from Rentals.ca and Urbanation, released this week.Chart of how the provinces measure up when it comes to rent prices...

Economics

3 d. 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

4 d. ago Toyoda Gosei Accelerates Development of Motorcycle Airbag with Vehicle Crash Test

KIYOSU, Japan — Toyoda Gosei Co., Ltd. (TOKYO:7282) is leveraging its expertise in safety systems for automobiles to develop an airbag for motorcycles as a part of the company’s efforts for safer mobility in society. Aiming for an early market launch, it has recently conducted a crash test in-house with real vehicles. The findings obtained […]

Sport

4 d. ago Toronto housing market just crossed a brutal milestone amid market collapse

To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over the past many months is the simultaneous influx of new listings, which now amount to the largest glut in memory.Topping the points of 2024 when the city reached a high point of more than 20,000 houses and condos on the market, this year has kicked off with even worse news for realtors and homeowners.As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.The 32,082 figure was shared to X by realtor and expert Robert Marsiglio on June 8, and reflects the numbers avail...

Events

4 d. ago Toronto housing market just crossed a historic milestone amid market collapse

To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over the past many months is the simultaneous influx of new listings, which now amount to the largest glut in memory.Topping the points of 2024 when the city reached a high point of more than 20,000 houses and condos on the market, this year has kicked off with even worse news for realtors and homeowners.As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.The 32,082 figure was shared to X by realtor and expert Robert Marsiglio on June 8, and reflects the numbers avail...

Other

4 d. ago Toronto housing market just crossed a brutal milestone amid real estate collapse

To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over the past many months is the simultaneous influx of new listings, which now amount to the largest glut in memory.Topping the points of 2024 when the city reached a high point of more than 20,000 houses and condos on the market, this year has kicked off with even worse news for realtors and homeowners.As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.The 32,082 figure was shared to X by realtor and expert Robert Marsiglio on June 8, and reflects the numbers avail...

Events

5 d. ago Westcliff University Launches New Campus to Support Toronto’s Innovation Ecosystem and Fuel Canada’s Booming Tech Workforce

New Master’s in Information Systems Technology (MIST) Program Addresses Soaring Demand for Skilled Cybersecurity and AI Professionals IRVINE, Calif. & TORONTO — Westcliff University, a global leader in career-focused higher education, is establishing its first international campus in Toronto—one of North America’s fastest-growing technology hubs—to help meet Canada’s urgent demand for skilled IT professionals. Ontario’s […]

Society

9 d. ago Majority of homes in Toronto now selling below asking as real estate market tanks

It's been a pivotal few years for Toronto-area real estate, with fewer homes finding new owners than ever in recent memory, all while the market is inundated with tens of thousands of new listings that are sitting unsold for weeks.As unbelievably stressful as this period has been for sellers, realtors and developers, it has given aspiring buyers a serious leg up, with far greater selection and the newfound power to barter down prices.As such, more and more homes in and around the city are selling for under their asking price, a complete 180 from what was once the norm in a city known to be overvalued and popular for bidding wars.Imbalance between supply and demand in Toronto's housing market hits all-time record https://t.co/sMiSc6ejlx— blogTO (@blogTO) June 4, 2025The latest report on the trend, published by local agency Wahi on Thursday, shows that the market's downfall is still going strong, with more neighbourhoods now in "und...

Politics

1 week ago ‘WHERE’S THE DEAL:’ Tories demand answers from Carney about tariffs

As Min. Leblanc met with U.S. officials over trade, the Trump White House increased steel and aluminum tariffs from 25% to 50% Tuesday

Economics

1 week ago FIREDISC Cookers® – The Leader in Outdoor Portable Cooking – Appoints Rockcliffe Capital as Exclusive Advisor to Lead Strategic Equity Raise and Accelerate North American Expansion

Rockcliffe Capital Guides FIREDISC Cookers in Unlocking Growth Potential Through Equity Financing HOUSTON, June 04, 2025 (GLOBE NEWSWIRE) — In a grill market filled with disposable imports and overhyped gadgets, FIREDISC Cookers stands apart. Today, the Texas-based outdoor cooking innovator announced the appointment of Rockcliffe Capital as its exclusive advisor to lead a strategic equity […]

Events

1 week ago Imbalance between supply and demand in Toronto's housing market hits all

The widely-held dream of home ownership in Toronto has quickly become a nightmare for those who've managed to achieve it, as interest rates, a cost of living crisis and other factors have forced the city's once-booming housing market into a sharp downward spiral.As thousands of new listings pour onto the market, sales have receded to ghastly lows, with well over triple the number of homes coming onto the market as people buying them each month.In the residential construction world, stalled projects and receiverships abound, with builders and owners of condos especially finding it virtually impossible to garner any interest. Fewer condo units across the GTA have been changing hands than in the early '90s — a stark contrast to the days of quick sales and bidding wars just a few years ago.And, the May 2025 update from the Toronto Regional Real Estate Board (TRREB), released Wednesday, shows tha...

Economics

1 week ago FINLAYSON: Canada could help supply world’s growing demand for energy including oil and gas

Spend time on the websites of Canada’s leading environmental non-governmental organizations (ENGOs) and you will see repeated references to the “energy transition” — the shift away from fossil-fuel energy sources to no- and low-carbon alternatives, to help lower the greenhouse gas (GHG) emissions that lie behind concerns over climate change.  While most countries — albeit not Donald Trump’s America — notionally […]

Other

2 w. ago $800,000 Toronto house looks like it's been trapped in the past

You know a house has been off the market for a long time when it still runs on an oil furnace.Sure, there are technically still 610,000 households in Canada clinging to oil heating. But in Ontario, under five per cent of homes use oil heating, and finding one in Toronto? Practically unheard of.Yet that's just one of many relics from the past you'll find at 18 Scarlett Rd., a three-bedroom, two-bathroom home that hasn't quite made it into the 21st century.The front hall. The listing describes it as "full of original vintage character," and yes, that is just real estate code for "needs work." The dining area in the kitchen. Although there are some redeeming vintage qualities.The living room. For example, the stone fireplace, the arched doorways, and apparently buried underneath that horrible green carpeting is hidden hardwood flooring, just waiting to be uncovered.A bedroom. Still, this place hasn't seen ...

Economics

2 w. ago Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market

LOS ANGELES (AP) — Homeowners eager to sell may have to wait a while before a buyer comes along. As of April, the U.S. housing market had nearly 34% more sellers than buyers shopping for a home, according to an analysis by Redfin. Aside from April 2020, when the pandemic brought the economy and home […]

Economics

2 w. ago MI Concept + Design expands global footprint with new creative hubs in Singapore and India to drive regional growth in themed entertainment

Toronto-based corporate office strengthens local support with satellite offices and leadership appointments to meet rising demand for international guest experiences TORONTO, May 28, 2025 (GLOBE NEWSWIRE) — MI Concept + Design Inc. (“MIC” or the “Company”), a global provider of award-winning innovative and creative themed entertainment solutions and guest experiences, is pleased to announce the […]

Other

3 w. ago Canadian housing market 'cracks' under weight of trade headwinds

Calgary home resales fell 22 per cent year over year in April, and sales were down 13 per cent in Edmonton.

Economics

3 w. ago How does Calgary keep market housing affordable and in supply?

BILD Calgary Region brings together expert opinions on how to ensure housing remains within reach of homebuyers.

Other

3 w. ago Vancouver's opulent CURV tower gets away with switching out of below

Douglas Todd: For the price of one penthouse suite, developers behind the tallest tower in Vancouver are getting out of their vow to include below-market apartments in their grand design.

Other