13 h. ago Tariff uncertainty is affecting Canadian real estate and Ontario is hardest hit

While spring is typically the busiest time of the year to buy a home as more properties become available and competition increases, the housing market this season appears to be in a bit of a decline in Canada —and especially in Ontario — amid the ongoing trade war with the United States. According to a new report from the Canadian Real Estate Association (CREA), home sales in the country fell sharply from January to February, as many prospective home buyers chose to remain on the sidelines due to the threat of U.S. President Donald Trump's tariffs. Sales activity recorded over Canadian MLS Systems dropped 9.8 per cent month over month in February, marking the lowest level for home sales since November 2023, and the largest month-over-month decline in activity since May 2022. "The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leadin...

Economics

21 h. ago Is Canada’s spring housing market ‘dead on arrival’ amid tariffs?

Home sales in Canada declined 9.8 per cent annually in February, data from the Canadian Real Estate Association showed. Is there a silver lining for buyers and sellers?

Economics

5 d. ago Chilly temperatures to persist in Alberta, says Weather Network's spring forecast

Spring may be slightly chillier in Western Canada and precipitation will be much needed across the Prairies according to the Weather Network's chief meteorologist.

Other

5 d. ago ’Get ready for wild ride’: Weather Network issues Canada’s spring forecast

Canada’s recent flirtation with balmy temperatures will give way to spring’s characteristically volatile weather, the Weather Network’s chief meteorologist said, with a new seasonal forecast suggesting winter may still deliver some parting punches. Spring may be slightly chillier in Western Canada but otherwise close to normal in the rest of the country, the forecast suggests. […]

Other

6 d. ago House hunting in a trade war? What Bank of Canada’s rate cut means for you

The Bank of Canada cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent. Experts say the outlook for the housing market remains hazy.

Economics

6 d. ago Could trade war, interest rate cut help millennials and gen Z enter housing market?

Economic uncertainty, slowing demand and growing supply may boost buyers’ chances, though 'crystal ball is very, very foggy'

Economics

7 d. ago US job openings rose to 7.7 million in January, a sign Trump inherited a strong labor market

U.S. job openings rose at the start of the year, another sign the job market was solid when President Donald Trump returned to the White House. U.S. employers posted 7.7 million vacancies in January, the Labor Department reported Tuesday, up from 7.5 million. The outlook for the labor market is murky as Trump wages a […]

Economics

8 d. ago Toronto's futuristic new $128 million market building is finally about to open

Toronto has waited a quarter-century for the new St. Lawrence Market North Building to open at the corner of Front and Jarvis, and after decades of planning and construction, an opening date has finally been announced for the long-awaited landmark.A notice posted in the window of the new building at 92 Front Street East offers the first public confirmation of an opening date following a never-ending cycle of waiting, planning, construction and even more waiting.The notice informs the public that the opening is now just a few weeks away."We're Moving! Starting April 5, find the Saturday Farmers' Market in the new St. Lawrence Market North Building at 92 Front St. E. Fresh food, local vendors, same great market!"Yay, ! The new St. Lawrence Market north market opens April 5byu/mdk1234567 intorontoThe new five-storey replacement building for the North Market building will provide a permanent space for the Farmer's Market (housed in a temporary tent since 2016) on its ground floor, ...

Economics

1 week ago Clocks to spring forward as Canada recognizes daylight saving time

Some areas of the country don't observe daylight time, including some parts of Saskatchewan, Ontario, Quebec, British Columbia and Nunavut

Other

1 week ago CRIME SCENE: Victim of deadly shooting at Waterdown home identified

Homicide investigators have now identified a man who was gunned down at Waterdown home Thursday night. Hamilton Police say they received a call around 8 p.m. from someone who had gone to see the victim at his house and when officers arrived they found the victim dead inside the home. He’s now been identified as […]

Events

1 week ago Métis National Council Announces National Métis Veterans Gathering in Spring 2026 with Support from Veterans Affairs Canada

Ottawa, March 06, 2025 (GLOBE NEWSWIRE) — The Métis National Council is proud to announce funding from Veterans Affairs Canada’s Veteran and Family Well-Being Fund to support a National Métis Veteran Gathering.   President Victoria Pruden emphasized how essential this dialogue and funding is to Métis Veterans and their families. “This funding is crucial to facilitate […]

Society

1 week ago Bidding wars back on the rise in Toronto despite prolonged market downturn

It's been over a year of extraordinarily meagre activity in the Toronto area housing market, but despite the prolonged sales slump, a torrent of people looking to sell, and now a trade war with the U.S. that is set to worsen Canada's economic recession, bidding wars are somehow on the rise.While having to offer more than a home's listing price was once the norm for would-be homeowners in the region, the market downturn that dominated last year has provided them with more options and negotiating power, leading to progressively more buyers landing houses and condos for less than their listed price.By the end of 2024, properties in 93 per cent of GTA neighbourhoods were selling for less than sellers had hoped to get.But, the tides have started to turn after multiple months of the underbidding trend.Toronto seeing most new home listings in Canada but hardly anyone is buying https://t.co/zwVWkjWtUV— blogTO (@blogTO) February 23, 2025According to W...

Other

2 w. ago Bessent Says Housing Will ‘Unfreeze’ in Weeks, Sees 2% Inflation

Treasury Secretary Scott Bessent said he expects the US housing market to pick up steam after recent indicators came in below forecasts, and sees potential for inflation to return to the Federal Reserve’s 2% target “quickly.”

Economics

2 w. ago Mike Klassen: Vancouver’s bold, practical approach to addressing the housing crisis

Opinion: By creating market rental housing with income restrictions, the city ensures more middle-income residents can stay close to their jobs and communities

Other

2 w. ago Alberta Budget 2025: Housing market still a ‘bright spot,’ but looming Trump tariffs will significantly impact province

There’s just no escaping tariff talk in Alberta’s 2025 budget, but the government expects the province’s housing market to be a “bright spot” in the year ahead.  Finance Minister Nate Horner praised the work of Alberta homebuilders, saying they “performed better than every other jurisdiction,” which is helping improve Alberta’s housing supply.  “Alberta’s housing market […]

Economics

2 w. ago Trump says U.S. will delay tariffs on Canada for at least another month

U.S. President Donald Trump announced today that tariffs against Canada will be delayed until early April.The tariffs were originally going to go into effect in February. They were then delayed by 30 days and were to kick in next week. This is the third delay.During a cabinet meeting at the White House, Trump responded to a reporter's question about whether he would continue the pause on tariffs against Canada and Mexico.Trump confirmed that he was not going to stop the tariffs due to the U.S. having "lost millions of people due to fentanyl."However, he seemingly pushed back the start date of enacting the tariffs on Canada until the spring.Trump appears to suggest tariffs on Canada have been pushed back to April 2nd (not April 1st because he's superstitious).He also adds that fentanyl is apparently once again his top issue for talks with Canada. pic.twitter.com/IIFRCFmoSX— Courtney Theriault (@cspotweet) February 26, 2025"I have to tell you that, you know, on April 2 — I...

Economics

3 w. ago Toronto house listed for just $1 is primed for a bidding war

In this slow real estate market, some realtors are thinking outside the box to get their house to sell. Take 218 Bogert Ave., for example. This three-bedroom, three-bathroom home in West Lansing has been on and off the market four times since 2023 without selling. The living room. It was first listed for $1,599,000, but after a month on the market, owners took it down. They then performed a couple of upgrades in the house, like painting the kitchen cabinets, and re-listed it for $1,698,000.But, it still didn't sell.  A bedroom. Most recently, it was listed again for $1,888,000. But still, you guessed it: no bites. A bathroom. Now, the realtors have opted to list 218 Bogert Ave. for just $1, hoping maybe they'll get lucky and spark a bidding war that will get the owners closer to their desired selling price. A bedroom. It does seem a bit strange that the involved parties have ...

Economics

3 w. ago Here's how much you really need to earn per year to afford a home in Toronto right now

Even if houses in and around Toronto are no longer flying off the market like they used to — the case is quite the contrary, actually — the city's real estate continues to grow ever less affordable.Sales are in a protracted slump and new listings are surging, making hard to sense even a hint of the old urgency the region's market has hitherto been known for.But still, prices are proving surprisingly indifferent to what's actually happening on the ground, with simply the idea that there is perennial demand serving as enough to keep the city's property as eternally overvalued as ever.(To be fair, if you bought a slice of the GTA market for a whopping $1,334,544 two years ago — the average price for a home of any type at the time — how would you feel about having to let it go for much less?)A new report on housing affordability across Canada shows how things worsened for buyers in nearly every city in&n...

Other

3 w. ago Toronto seeing most new home listings in Canada but hardly anyone is buying

Predictions that Toronto's housing market would see a triumphant return of the enthusiasm and heat it's historically known for have fallen flat thus far, with sales continuing to dwindle far below hopes and expectations, and new listings continuing to pour onto the market.Nearly 20,000 homes are now up for sale within the GTA, per the Toronto Regional Real Estate Board (TRREB)'s numbers for January, marking a worrying 48.6 per cent uptick in new listings and 70.2 per cent increase in active listings compared to this time last year.The number of sales transactions, meanwhile, has fallen 7.9 per cent over the same time frame, disheartening realtors and sellers who were expecting a bounceback after an abysmal 2024.RBC economists really put these numbers into perspective in a new special housing report that this month compared how the real estate scenes in major cities across Canada are faring.One graph shows Toronto to have the third-biggest year-over...

Other

3 w. ago London housing forecast: Good news for renters, uncertainty for sellers

2025 could be a tale of two cities in London’s housing market, according to the latest forecast by the Canada Mortgage and Housing Corp. (CMHC). Renters may see a continuation of last year’s dropping rents as more supply hits the market. For sellers, an expected market rebound may be delayed to the second half of […]

Economics