10 h. ago No one is building condos in Toronto anymore as market hits 20

Almost every piece of data that has emerged about Toronto real estate in the last year-plus has served as a disheartening blow to anyone with a stake in the market, as the city's once-scorching sector has slowed to a crawl — and keeps waning further.The latest analysis, published by the Canada Mortgage and Housing Corporation (CMHC) on Monday, reinforces that the country's new condo market specifically is in a state of deep turmoil, especially in locales like Toronto and Vancouver, where the housing type has long been a boon to investors.The national housing agency says that as of May, housing starts nationwide have fallen slightly from this time last year, mostly driven by "weak condominium market conditions" in both Toronto and Vancouver that have pulled the stats for these hubs down drastically below this national average.The west coast city broke ground on 10 per cent fewer homes over the co...

Other

15 h. ago Mitch Marner is reportedly ghosting Toronto Maple Leafs in contract talks

Mitch Marner and the Toronto Maple Leafs appear to be in the silent treatment portion of what's looking like a messy breakup between the star and the team.According to Sportsnet's Elliotte Friedman on the latest edition of the 32 Thoughts podcast, the two parties aren't exactly on speaking terms, with Marner slated to hit free agency next month."Marner's camp is not engaged with [the Leafs]. And I think everybody knows the way this is going to be heading — that on July 1, he's gonna go out there, he's going to hit the market, he's going to pick a team, he's going to set a contract, and he's not coming back to Toronto," Friedman said.The sports journalist added the Anaheim Ducks, Carolina Hurricanes, Los Angeles Kings and Vegas Golden Knights as possible teams interested in Marner, who is coming off a six-year deal worth $10.93 million USD per season.FanDuel Sports Network's Andy Strickland had...

Other

3 d. ago Ontario home that looks like a resort just dropped asking price by almost $3 million

If you've ever dreamed of living like you're in an all-inclusive resort—but without the other people and screaming kids—this might be your moment.One of Mississauga's most opulent waterfront properties, 872 Whittier Cres., otherwise known as Ville Vue Estate, has taken a dramatic plunge in price, dropping nearly $3 million since it first hit the market in 2023.Originally listed for a cool $15,999,900, this over-the-top luxury mansion is now asking $13,000,000.The view of Lake Ontario. Sure, it still isn't exactly a bargain bin find, but hey, that's still a $3 million discount.The pool. Anchored on a double lot with more than half an acre of riparian shoreline, Ville Vue looks like a resort and has one of the widest waterfront lots in all of Mississauga. A view of the backyard. With uninterrupted skyline views of Toronto, a rooftop driving range (yes, really), and cascading limestone terraces that lead to a heate...

Economics

4 d. ago It might be tempting to put 401(k) contributions on hold, but sticking with it is a better strategy

Amid this year’s market turmoil, I’ve heard investors wonder if they should hit pause on 401(k) contributions until things settle down. Though this approach sounds tempting, it’s better to stick with your investment strategy instead of waiting for conditions to improve. Running the numbers To test how a “wait and see” approach would have fared […]

Other

5 d. ago ArcelorMittal closing wire drawing mill in Hamilton in latest industry blow

HAMILTON — Canada’s steel industry was hit with further layoff news Wednesday as ArcelorMittal Long Products Canada announced it is closing its wire drawing mill in Hamilton. The decision puts 153 employees out of work and adds to the hundreds of workers in the industry already hit by a combination of tariff concerns, market demand […]

Other

6 d. ago Two tiny derelict Toronto houses selling for cheap but you have to buy both

A rare Toronto real estate opportunity has hit the market on Eastern Ave. between Laing and Knox, and it's serving up double trouble.Dubbed "The Twins" (yes, like The Shining, but make it real estate), these side-by-side semi-detached homes are being marketed not just as houses, but as a vision.Primarily because of their current state of disrepair. A utility room. 874 and 876 Eastern Ave. are tiny one-bedroom half houses that are as scary as the twins from The Shining. Exposed insulation in the basement. The roof is sagging, the floorboards are missing, the ceilings are coming down, there's mould on the walls, and there's exposed wiring and insulation. A living room. But since 874 and 876 Eastern Ave. are zoned as "legal non-conforming residential," a term for grandfathered properties that would not be up to code if built today, they're due for a makeover. A bathroom. These two homes are now being ...

Economics

6 d. ago IQM’s State of Quantum 2025: Quantum Industry Must Solve Talent Shortage and Software Platforms, Not Just Qubits

The report predicts that quantum computing market will hit over $22 billion globally by 2032 as commercial deployments accelerate. Highlights how AI, high-performance computing (HPC), and quantum technology are converging to drive the next wave of growth. This is the third edition of the state of quantum report by IQM Quantum Computers. ESPOO, Finland — […]

Other

8 d. ago Toronto home with an epic fairytale garden hits the market for $10 million

Maybe it's the nice weather. Maybe it's my TikTok algorithm relentlessly feeding me videos of cottagecore garden makeovers. But lately, I've been fantasizing hard about having a real garden.You know, the kind that feels like a tree-lined oasis, where your only neighbours are chirping birds and the occasional rabbit. Yes, I do wish I were Beatrix Potter. If you also have this fantasy, please meet your new crush: 12 Forest Glen Cres.The pool and hot tub. Tucked into one of Toronto's most prestigious (and best-hidden) ravine enclaves, this sprawling estate offers a rare blend of luxury living and garden-party perfection.The lawn. Set on more than half an acre, the property is enveloped by towering trees, winding paths, and gardens so gorgeous they've literally been featured in Canadian House & Home magazine and are always a stop on local garden tours.. The deck overlooking the tiered backyard. The outdoor space here isn...

Economics

1 week 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 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

2 w. ago Another Toronto condo project stalls as historic home hits market for $4 million

Tucked just a couple of blocks away from Toronto's bustling Yonge and Bloor intersection sits a surprisingly storied little building that's been poised for a major makeover for a while now. Originally constructed in the late 1880s by Arthur Coleman, 66 Charles St. E began its life as the stately residential home of John Wilson Bengough, a cartoonist and caricaturist who founded Grip magazine in 1873. The property features architectural elements of the late 19th-century Second Empire style, most notably identifiable by its distinctive mansard roof with patterned slate shingles.  An office in the historic house. The house was later purchased in the '70s by lawyer Gerald Sternberg and converted to offices. Then, a few years ago, a new condo development proposal was submitted for 66 Charles St. E. A rendering of 66 Charles St. E by BDP Quadrangle. In 2023, Aspen Ridge Homes proposed an 11-storey residential bui...

Economics