8 h. ago Rennie lays off 31 employees, cites uncertain real estate market and 'structural' change

Condo-marketing mogul Bob Rennie's company said it needed to reduce its head office from 123 to 92 people in a time of uncertainty

Other

12 h. ago Ontario rent prices keep on crashing and here's where they are cheapest

Though Ontario rent prices vary greatly based on where in the province you're looking, if you've been thinking of moving toward or within Toronto, now is an opportune time to get a (relative) bargain on a place.Though the GTA is perennially one of the most expensive places in North America to live, tenants have gotten a bit of a break in recent months due to the softening of the local real estate market that's got investors, sellers, landlords and realtors growing increasingly distressed, if not completely running for the hills.The average monthly rate for an apartment in downtown T.O. — as well as in North York, Etobicoke, Mississauga, East York, and other parts of the area — plummeted again in April, as Ontario as a whole saw the largest annual decrease in rent bills of any province.Rentals.ca and Urbanation, which crunch the numbers each month based on the listings available on their sites, now put Toronto's aver...

Economics

13 h. ago Vancouver real estate firm lays off staff amid ‘challenging’ market

In an email to employees on Thursday, rennie president Greg Zayadi said it was a difficult day for everyone at the company. They laid off 31 members of staff.

Economics

13 h. ago Looking to buy a house in Canada amid trade war? What RBC report is telling us about the real estate market

Trade war anxiety and a looming threat of recession have led to notable shifts, according to economists

Economics

17 h. ago Conversations That Matter: Real estate reality in Metro Vancouver

How Trump uncertainty is remaking Metro's real estate market

Other

40 h. ago Mortgage rates at 3% or lower the magic number to reignite Canada’s housing market

Many potential homeowners don't have a lot of wiggle room when it comes to what they are comfortable paying

Events

56 h. ago Edmonton home sales and inventory climb with spring temperatures

Spring has sprung in Edmonton’s real estate market with a flood of new listings cropping up over April. But consecutive months of strong sales and few listings continue to put upward pressure on prices in all categories. The Realtors Association of Edmonton’s (RAE) April housing update, released Friday, shows continued strong sales activity, increases in […]

Other

65 h. ago Resurgence of Real Estate Market Overheating in Areas Bordering the Island of Montreal

April sales in the Montreal area are comparable to the two strong years preceding the pandemic. This performance was reflected in a 10 per cent increase in transactions compared to April 2024, which was already a month of strong market recovery. This sustained growth in activity was evenly distributed across the various sectors of the […]

Other

8 d. ago Trade war with United States ‘sours’ Canadian homebuyers’ sentiment

Real estate market now in balance across Canada, though Edmonton remains in a seller's market, says RBC Economics report.

Economics

2 w. ago Rent prices in and around Toronto plummet for yet another month

Tenants in and around Toronto have been benefiting from lower housing costs so far this year as the city's real estate market endures the impacts of tough and uncertain economic times.Average rents across the GTA have plummeted to prices not seen in years, and the most recent figures from April show a continuation of the recent trend, with the price of a typical apartment in downtown Toronto, Etobicoke, Mississauga, North York and other areas falling further still.According to liv.rent, one of the platforms that collects such data nationwide each month, one-bedroom renters in the 6ix are now paying about $130 less for a home than they were this time last year, and $7 less than they were even last month, based on present rates.While Toronto remains generally known as one of the priciest places to live in Canada, it is not even listed in liv.rent's top five places in the country to rent right now, all of which are in ...

Economics

2 w. ago Over a dozen interested parties eyeing leases of 65 Hudson's Bay store locations

As the Hudson's Bay Company era nears its end, many of its soon-to-be vacated spaces may find new life with different tenants, with decisions on many sites expected in the weeks ahead.By Summer 2025, all 96 of the company's brick-and-mortar stores will close following a liquidation process that first began last month — including six locations that had previously been spared, such as the downtown Toronto and downtown Montreal flagship stores, but are now slated for closure as of a new court filing this week.From the outset of the court-approved liquidation process last month, Hudson's Bay engaged commercial real estate firm Oberfield Snowcap to market and sell its leases and properties, as a measure to generate additional operating revenue. This has been aptly named as the "Lease Monetization Process."Final bids for leases due on May 1According to a court filing earlier this week, as a part of the ongoing federal Companies' Creditor...

Culture

3 w. ago More Bank of Canada rate cuts won’t boost ‘muted’ housing market in 2025: Ron Butler

Watch: Mortgage broker talks about what is happening in Canada's housing market

Other

3 w. ago Hardly anyone is building or buying homes in Ontario anymore as market flops

Apologies for sounding like a broken record about the state of Ontario's housing market, but you may want to check on your realtor and homeowner friends, because things have been pretty dire out there — and worsening — for well over a year now.Politicians continue to emphasize the pressing need for more housing to keep up with the nation's record immigration-led population growth, but meanwhile, a raft of unsold houses and condo units have been languishing on the market for far longer than usual, especially in the GTA.As the number of homes switching hands remains at rock-bottom lows, developers have had to radically pull back on new construction, with some even putting entire projects into receivership.It seems like a never-ending cycle of diminishing sales numbers, less construction and ever-lower confidence in the market from stakeholders on all sides.And, with prices failing to budge much due to how much sellers paid in the first place — bec...

Other

3 w. ago CREA downgrades housing market forecasts due to tariffs, economic uncertainty

Total Canadian sales fell 9.3% year-over-year in March on a non-seasonally adjusted basis

Economics

3 w. ago Toronto rent prices continue to fall and are the cheapest they've been in years

Though Toronto is still very far from being considered an affordable place to live, rent prices in the city have been on a consistent downward trajectory for many months now, and the latest figures from March 2025 are no different.By the end of 2024, the average cost of an apartment in the Big Smoke had plummeted to the cheapest level it had been in more than two years, which has now extended into a whopping 32-month low.New reports from listing platforms like Zumper and Rentals.ca show that though it's still far pricier to nab a place in the GTA than almost anywhere else in the country, tenants are being afforded more financial wiggle room than they have in previous years, with the monthly rent of all sizes of units ever-lowering while the real estate market falters.As of last month, the typical one-bedroom unit in the region has dropped to around $2,300, marking a small reduction both month-over-month and year-over-year (by 0.4 per cent and ...

Economics

4 w. ago The Quebec Resale Market Remains Robust in the First Quarter Despite Unprecedented Uncertainty

L’ÎLE-DES-SŒURS, Quebec, April 11, 2025 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the province of Quebec, based on the real estate brokers’ Centris provincial database. Province-wide residential sales totalled 24,070 in the first quarter of 2025, a relatively strong increase […]

Culture