62 h. ago GTA Housing Market Sees Boost in September Following Interest Rate Cut

TORONTO, Oct. 03, 2025 (GLOBE NEWSWIRE) — September home sales increased in the Greater Toronto Area (GTA) compared to a year earlier, as more homebuyers sought to take advantage of more affordable monthly mortgage payments. Buyers continued to respond to substantial choice in the marketplace by negotiating the average selling price downward. “The Bank of […]

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4 d. ago Wood Mackenzie introduces Assets Valuations, Supply Chain, Markets Scenarios to the Lens Metals & Mining platform

Latest data analytics solutions to help energy and mining companies build resilient portfolios in an increasingly volatile market  LONDON, HOUSTON, SINGAPORE, 01 October 2025 – Wood Mackenzie, a global insight business for renewables, energy and natural resources, is to unveil three additions to its Lens Metals & Mining platform at Wood Mackenzie’s LME Forum 2025, delivering Assets Valuations, Markets Scenarios, and Supply Chain. Together, these latest solutions provide the industry an interconnected global view incorporating assets and market analysis that empowers capital allocation decisions.  […]

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1 week ago Trump’s workforce purge batters DC’s job market and leads to rise in homes for sale, report finds

WASHINGTON (AP) — The Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress, according to a report released Wednesday. The number of homes for sale in the District of Columbia, Maryland and Virginia region, also known as the […]

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1 week ago GTA condo downturn not likely to be as severe as early ’90s: CMHC

Canada’s housing agency says the weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe. Canada Mortgage and Housing Corp. says in the new report that a more diverse and stable economy, stricter lending rules, and […]

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2 w. ago Interest rate cut not a 'remedy' to problems facing B.C. housing market

Larger economic factors are expected to continue to stall B.C.'s housing industry.

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2 w. ago On the map: Incentives being offered to draw buyers to Victoria Park townhomes 

When Solotex Group first launched the Vic Towns in 2021, buyers claimed about two-thirds of the community’s 160-odd stacked townhomes. But as the GTA housing market cooled, sales slowed. Rising interest rates, a dip in pre-construction activity and ongoing delays to the nearby Crosstown LRT left some purchasers hesitant, explains sales manager Brian Ellis.  Now, […]

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2 w. ago Record B.C. deficit highlights sluggish economy, slumping resource revenues, and a cooling housing market

Vaughn Palmer: Bookkeeping dodge does little to mask grim numbers for NDP government

Sport

2 w. ago Here's how much home prices have fallen in Toronto amid real estate slump

Toronto's property market — long one of the most competitive and overvalued in not just the country, but the entire world — has completely hit a wall under the pressures of heightened interest rates and costs of living, tariffs, and economic tumult.Amid paltry home-buying activity and a constant flow of new listings, real estate prices have, naturally, sunk, with the GTA now serving as one of only three major hubs where the cost of the average house, condo or townhome has fallen over the last year.According to real estate listing site Wahi, the Canadian market at large is "holding steady," all things considered, with the exception of Toronto, Vancouver, and Hamilton — all markets that are known for being red-hot."The Canadian housing market entered a holding pattern this August as the RPS-Wahi House Price Index was once again flat relative to the same month a year ago, although the pace of condo depreciation on an an...

Economics

2 w. ago Think runaway immigration is being fixed? Think again: Full Comment podcast

The Liberals claim they’ve stopped the flood of temporary workers, foreign students and other immigrants that blew up our housing crisis and devastated the youth job market. Yet Michelle Rempel Garner, the Conservatives’ immigration critic, tells Brian Lilley that the reality is nothing close to what they say. Five-million people remain here on temporary visas. […]

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2 w. ago This $4 million Toronto property has doubled its price in just 5 years

Toronto real estate math doesn't always math, ya know?For example, this Toronto house in the Beaches is now apparently worth double the price it was a few years earlier, despite having half the land. Let me explain.Back in 2020, 176 Kenilworth Ave. was a dated four-bedroom, two-bathroom house that finally sold for $2,430,000 after sitting on the market for six months.The back of the house showing both lots. The old listing called it a "grand dame" and dangled the idea of a potential lot severance into two 26-by-170 parcels. Builders were told to dream big.An office on the third floor of the home with a balcony. And dream big, they did. Fast forward just five years, and that oversized lot has been severed into two. The original house is gone, and in its place stand a pair of ultra-modern homes.The dining room. Now, one of them — 174 Kenilworth Ave. — just hit the market for a cool $4,299,000.The primary ensuite. The ne...

Economics

3 w. ago Detached Toronto house is under $500,000 but there's a catch

Attention, brave souls of the Toronto real estate world: a detached house on Rhodes Ave. E. has magically appeared on the market for under $500,000. Yes, under.Of course, it's a bit of a mess. We're talking a bed in the dining room, particle board–covered windows, missing ceilings, and a basement that adults and children alike would be scared to enter.But according to the listing, it's got "potential", you just need to look past the chaos to see it. What was once probably the dining room. You'll definitely need a strong stomach and positive attitude to navigate the "needs TLC" part.The one and only bathroom that is missing part of the ceiling. From the photos, there's a lot of work to be done if you're going to keep the original structure. An air-conditioning unit is balanced over the stairs. But if you dream of being a handyman, a builder, or a renovator with a boat load of optimism, this could be a gre...

Economics

3 w. ago Buyers showing optimism, could a real estate turnaround be far behind?

A combination of lower interest rates, increased inventory and improved affordability will entice buyers to get back into action Following a period characterized by consumer uncertainty and a pull-back of buyers in early 2025, the Canadian housing market may be turning a new leaf this fall, according to a new REMAX Fall Housing Market Update. […]

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3 w. ago System reform and more supply are key to balancing Ontario’s rental housing market

New OREA report advocates for policies that will help create a stronger, more inclusive rental landscape in Ontario TORONTO , Sept. 10, 2025 (GLOBE NEWSWIRE) — Ontario’s rental system is broken. Across the province, too many families, students, and seniors are struggling to find safe, affordable places to live. In A Fair Rental Market for […]

Society

3 w. ago Shortage of homebuyers forces many sellers to lower prices or walk away as sales slump drags on

LOS ANGELES (AP) — Skyrocketing housing values and a shortage of homes on the market gave homeowners the upper hand for years when it came time to sell. That’s no longer a given. Across the country, it’s getting tougher for sellers to drive a hard bargain. A dearth of home shoppers who can afford to […]

Economics

last month 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...

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last month 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