3 h. ago Buyers offering way under asking price for homes in most parts of Toronto area

Despite a small surge just before the official start of spring, bidding activity on homes in the GTA largely seized up in March thanks to the ongoing trade war between Canada and the U.S. These economic and political uncertainties have convinced many prospective buyers to put their dreams of homeownership on hold, and as a result, homes in certain areas of the GTA are seeing bids well below their listing prices. A recent analysis by the digital real estate platform Wahi compared the differences between list and sold prices in roughly 400 neighbourhoods across the GTA. At the end of each month, the platform compares the differences between median list and sold prices to determine whether neighbourhoods are in overbidding or underbidding territory. Source: Wahi.Data was sourced from Information Technology Systems Ontario (ITSO) and the Toronto Regional Real Estate Board (TRREB).According to the report, approximately 20 per cent of GTA neighbourhoods with at le...

Economics

5 h. ago More than half of Canadians plan to buy a home in next 5 years

NerdWallet survey shows increase in intention to buy homes, with affordability being the biggest headwind.

Other

31 h. ago Toronto's real estate market is in major trouble amid global uncertainty

The Greater Toronto Area's (GTA) real estate market is currently facing some significant challenges, with March 2025 marking the lowest home sales for the month in over two decades.Spring usually brings a boost in housing activity, but this year, it's witnessed a slow market with many prospective buyers putting a hold on their homeownership dreams ahead of the federal election and the ongoing trade war with the U.S.According to the Toronto Regional Real Estate Board's (TRREB) March report, many buyers have adopted a "wait-and-see approach," which has translated into slower market activity. However, amid these challenges, the report also revealed a silver lining for would-be homeowners.The report indicates that homeownership in the GTA became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices declined over the past year, which made monthly payments more manageable for households looking to purchase property in the region...

Politics

3 d. ago ‘Completely unattainable’: Homeownership elusive for most young Ontarians, report finds

Homeownership is now "completely unattainable" in many Ontario cities, a new report warns, as young people turn to rentals and affordability hits 20-year-low.

Other

3 d. ago 'There will be winners and losers:' OCDSB boundary changes will affect real estate prices

Buyers are pulling out of deals and sellers are losing tens of thousands as buyers seek homes near the 'best' schools, say realtors.

Economics

3 d. ago New report shows young people in Ontario have little hope of buying homes

11 out of 26 Ontario municipalities analyzed in the report were deemed “completely unattainable” Toronto, Ontario, April 01, 2025 (GLOBE NEWSWIRE) — Affordability in Ontario has never been worse. A new report by Mike Moffatt at the Missing Middle Initiative, commissioned by the Ontario Home Builders’ Association (OHBA), shows that most major metro areas in […]

Other

4 d. ago Landmark $4 million Toronto mansion is on the market for the first time in 60 years

Tucked away on a peaceful Riverdale street, this $4 million local landmark is available for the first time in decades, and a peek inside reveals just as much history as one might expect.Just steps from Riverdale and Withrow Parks, Frankland and Montcrest schools and the brimming cultural epicentre that is Danforth, 49 Hogarth Avenue would be a true gem even if it weren't for all of its unique charm, but when you factor in its original finishes and one-of-a-kind features, it becomes almost unbelievable.A century-old local marvel, potential home buyers in Toronto are getting their first chance at calling this mansion home for the first time in over 60 years, offering an unparalleled peek at what's hiding behind the red brick facade.The grand foyer is the first hint to 49 Hogarth's distinct character.Spoiler alert: it's a whole lot of quirky and unique finishes that run the gamut from Edwardian to mid-century modern, all of which keep the home's reputation for being utterly singular ru...

Economics

5 d. ago ‘BOOKEND THE COURTSHIP:’ Avid readers embrace public library marriage

A couple of bookworms from Massachusetts are thrilled to start the next chapter of their lives after getting married in a public library. According to a report from people.com, Andrew Ivey told CBS affiliate station WBZ that he proposed to his now-wife, Maricruz Osorio, with a copy of Leigh Bardugo’s 2024 historical romance novel, The […]

Other

7 d. ago Woman spat bloody saliva into Vancouver officer’s mouth during arrest, police allege

Police were called to a residential building near Clark Drive and East 12th Avenue early on Monday for a report of someone causing a disturbance and threatening people.

Events

7 d. ago She was ‘violently murdered’ in 1995. Police in Ontario hope reward helps solve cold case

Diane Dobson was walking along Prince Road shortly before 6 p.m. on Feb. 14, 1995. The following day, the 36-year-old’s body was discovered in a ditch in the Brighton Beach area.

Events

8 d. ago The Greater Vancouver Food Bank wants your help to buy a permanent home

The charity, which feeds more than 27,000 people including more than 8,000 children a year, doesn't own a facility and has moves seven times in just five years.

Other

9 d. ago Looking to buy a vacation home? Here’s where prices are headed

A Royal LePage report forecasts the median price of a single-family home in Canada’s so-called recreational regions to rise four per cent year-over-year to $652,808.

Economics

9 d. ago Vacation home market slows after pandemic boom, but prices still rising: Royal LePage

While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets. The report released Wednesday by Royal LePage forecasts the median price of a single-family home in Canada’s so-called […]

Economics

1 week ago Poilievre tries to outflank Carney with boosted plan to axe GST on new homes

Carney had rolled out a similar GST cut for first-time home buyers on homes sold at or under $1 million

Transport

2 w. ago The salary you need to buy a home in Toronto keeps on rising despite slow sales

Toronto's real estate market truly is one-of-a-kind in its ability to be simultaneously in desperate need of more housing stock yet somehow overrun with homes for sale, and persistently pricey despite far fewer people actually buying than in the city's bidding war glory days.As realtors continue to report the same abysmal sales numbers we've been seeing for months now, prices have only eased ever-so-slightly, and in the case of some housing types in some areas of the GTA — detached houses and townhomes in the 416, specifically — are even still rising.Even taking the struggling condo segment into account, given present market conditions, interest rates and price points, the amount you would need to earn per year to afford the typical home in the city is increasing.According to a new report from Ratesdotca, the widening gap between the average income of a family in the 6ix and the average income required...

Other

2 w. ago Real’s February Agent Survey: Inventory Rises as Listing Times Lengthen

Transaction Growth and Agent Optimism Indexes Ease but Remain Near Recent Highs TORONTO & NEW YORK — The Real Brokerage Inc. (NASDAQ: REAX, “Real”), a technology platform reshaping real estate for agents, home buyers and sellers, today released results from its February 2025 Agent Survey. The findings indicate that housing inventory is rising in many […]

Other

2 w. 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

2 w. ago Gene Hackman stiffed kids in $80 million will signed 20 years ago

Gene Hackman left behind a reported $80 million, but it remains a mystery as to who will get their hands on his fortune. BBC News, TMZ, the Daily Mail, USA Today and PEOPLE report that the will of the two-time Oscar winner has been released, revealing that Hackman left his entire estate to his late […]

Economics

3 w. ago Bigger down payments on order as Calgary buyers hunt for homes

Larger down payments often mean smaller mortgage payments.

Other

3 w. ago Elon Musk's Starlink comes dead last in Canada internet provider ranking

Opensignal has posted its latest Fixed Broadband Experience report, which offers a deeper understanding of how people use their broadband connections.Opensignal collected data from Oct. 1 to Dec. 29, 2024, detailing broadband internet speeds in several regions across Canada.The key findings include Rogers having the fastest average download speeds nationally, with a score of 198.1Mbps, nearly 40Mbps ahead of Bell. Bell, on the other hand, offers the highest upload speed with a score of 109.9Mbps.Bell and Rogers are tied for overall video experience nationally, with scores of 76.7-76.8 out of 100, landing in the "Very Good" tier. Rogers also retains the highest scores regarding consistent quality and reliability experience.Regionally, Rogers tied or finished first in 20 of the 28 regional awards. Conversely, Bell has the fastest average upload speeds in Atlantic Provinces, Ontario, and Quebec, clocking in at 121Mbps in Quebec. Additionally, Eastlink has performed well for consistent ...

Events