34 h. ago 10 condos you can buy for less than $400k in downtown Toronto right now

Toronto's real estate market is in an unprecedented downward spiral which continues to scare away buyers worried about what snail-paced sales and a growing backlog of listings will mean for their future investment.But, for those brave enough to fulfill their dream of property ownership amid such an uncertain market (and economy in general), there are some serious deals to be had, with house, townhome and condo prices inching downward, in some cases to levels not seen in many years.For the first time in a long time, units in downtown T.O. are getting snagged for around the $350,000 mark — one, in fact, sold for only $295,000 this week — with dozens currently available in the $300k range, which would have been unheard of just a few years ago.Here are some of the most affordable units on the market right now:1014-251 Jarvis StreetKW Living Realty, Brokerage/condos.caThis clean, bright studio may be small and cookie-cutter, but wha...

Economics

42 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 ...

Other

5 d. ago Quebec’s Economy Weakened by Tariffs: Will the Residential Real Estate Market Hold Up?

L’ÎLE-DES-SŒURS, Quebec, Sept. 09, 2025 (GLOBE NEWSWIRE) — The imposition of tariffs by the United States earlier this spring is already shaking up the Quebec economy. According to the latest analysis by the Quebec Professional Association of Real Estate Brokers (QPAREB), rising unemployment, declining economic activity and falling exports confirm that the province is feeling […]

Economics

5 d. ago Toronto is the only major Canadian city where 'rental burden' is easing

If you couldn't tell by all of the rent incentives and declining monthly rates, tenants in Ontario are breathing a little easier lately as the market cools down, especially in Toronto.Condos in particular are no longer the boon to investors that they once were, and it seems that the downturn of the city's real estate market is translating over to rentals, too, with ample supply, far less fervent demand and other factors continuing to push prices lower pretty much across the board.Multiple reports have outlined how the cost of an ordinary unit in the 6ix (and other parts of the region) has gradually decreased, most recently to $2,618 — marking a 3.3 per cent drop from this time last year — according to the most recent numbers from Urbanation and Rentals.ca.The two firms crunch the numbers each month in their joint National Rent Report, and the recently released September edition bolsters a point that other authorities have recently made: that&n...

Politics

8 d. ago Toronto real estate getting desperate as homes sit on market for ages

The rocky road for Toronto real estate continues as property owners face a dire new reality where sales are falling flat, values are inching downwards, new developments are at a standstill and units that would have once sparked a bidding war are now near-impossible to sell.Though this summer has brought glimmers of a rebound as far as sales volumes — a number which, as recently as May, has been down double-digit percentages compared to the same time last year — there are still a substantial number of properties sitting stagnant on the market, and, per the latest report from the Toronto Regional Real Estate Board (TRREB), they are taking progressively longer to sell, if they sell at all.In August, 14,038 new condos, townhouses, semi-detached houses and standalone homes came to market across the GTA (9.4 per cent more than in August 2024), making for a total of an astounding 27,495 active listings — less than the 32,082 ho...

Other

9 d. ago Housing market is so good for buyers right now, you can sell first and buy later

Garry Marr: There hasn't been a buyer's market like this since the 1990s

Economics

9 d. ago US real estate market activity hits lows not seen since 2008

Sluggish housing demand and growing inventory leads to poor price growth south of the border.

Other

2 w. ago An adorable Toronto house boat is up for sale for under $500K

Despite declining demand in Toronto's abysmal real estate market, buying a house in this city is still painfully expensive.The average home price is hovering at $1.5 million, and you need a sky-high income just to get your foot in the door.But if you're willing to trade land ownership for docking fees, there's a listing at Bluffer's Park Marina in the Scarborough Bluffs that might be the most affordable house in Toronto right now.The kitchen with seating for four. Listed for $449,000 — after being slashed from $649,000 — this 55-foot floating villa costs less than most downtown studio apartments.The living room. And unlike a shoebox condo, this place comes with swans, sunsets, and a waterfront lifestyle built right in.The bedroom with a little nook for a TV. Purpose-built for year-round living, the one-bedroom houseboat combines smart engineering with a lifestyle that feels part lakeside cottage, part tight-knit neighbou...

Economics

2 w. ago Here’s who is buying new homes in Canada’s chilly housing market (and it isn’t investors)

'It's a crazy market out there with condos'

Other

2 w. ago Is there light at the end of the tunnel for real estate markets?

Murtaza Haider and Stephen Moranis: The road ahead may not be bumpy, but it will remain uncertain until the economic picture clears

Other

4 w. ago Housing market ‘rebounded’ in July, CREA says, but prices could soon spike

The latest numbers from the Canadian Real Estate Association suggest the housing market is in a relatively 'stable' period, but it may not last long, according to experts.

Economics