30 h. 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

45 h. 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. […]

Other

3 d. 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

5 d. 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

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

8 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

1 week ago Certarus Awarded CNG Supply Agreement with Major Hyperscale Data Center Operator

Rapid deployment highlights Certarus’ unique capabilities and expertise to mobilize energy supply solutions at scale for on-site power generation HOUSTON — Certarus, the market-leading provider of lower‑carbon1 mobile energy solutions across North America, today announced it has signed an agreement to supply Compressed Natural Gas (CNG) to a major hyperscale data center operator in the […]

Politics

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 Slower Housing Market, Economy Leads EQB to Fall Most Since 2020

EQB Inc. shares fell by the most intraday since 2020 on Thursday as a slowing Canadian economy and housing market dampened the challenger bank’s earnings.

Other

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 Ontario homebuilder offering to pay property taxes, utilities as buyer market stalls

A homebuilder in London, Ont., is offering to pay property taxes and utility costs for one year in a bid to entice hesitant homebuyers amid a province-wide housing market stall.

Economics

2 w. ago Developer establishes a $150,000 grant program to help families get into homes with ‘free money’

NORTH VANCOUVER, British Columbia, Aug. 25, 2025 (GLOBE NEWSWIRE) — Canada West Group, a North Vancouver-based developer and builder with more than 20 years of experience creating quality multi-family homes, is introducing a new cash grant program designed to help families and individuals close the gap to home ownership in the Lower Mainland’s housing market. […]

Economics

3 w. ago CPABC: Cariboo’s housing market resilient in the face of economic uncertainty

PRINCE GEORGE, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) — According to BC Check-Up: Live, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on demographic and affordability trends across the province, the Cariboo region added 2,098 residents in 2024. “Annual population growth slowed to 1.2 per cent as we lost more […]

Transport

3 w. ago CPABC: Tariff uncertainty disrupts Lower Mainland housing market as population growth outpaces housing completions

VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) — According to BC Check-Up: Live, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on demographic and affordability trends across the province, Southwest B.C.’s population grew by 137,616 new residents in 2024. “Population growth eclipsed the four per cent mark for the second […]

Economics

3 w. ago Here's how much the average home in Toronto is expected to cost by 2032

Toronto's housing market has been struggling lately, with the golden era — when local real estate was a surefire profitable investment — seemingly far behind us.While sales have fallen flat for many months and prices are hurtling downwards, the latest predictions for the industry still foresee the average home in the city getting more expensive in the coming years, albeit not to the degree that many may have assumed (or, for existing homeowners, hoped).A report on the topic that is making headlines this week comes from Concordia University's John Molson School of Business, researchers from which controversially employed AI to anticipate real estate trends across Canada and, based on those figures, suggest relevant public policy reforms.The analysis starts off by citing a "period of crisis" that it says has dominated the market not just in Toronto, but across Canada, fueled by &qu...

Economics

3 w. ago New report suggests relief could be on the way for Calgary’s housing market

The study out of Concordia University looks at how policy reform could impact Canadian housing supply in Calgary, Vancouver, Toronto and Montreal.

Other

3 w. ago From Toronto to Vancouver to Ottawa: The housing slowdown Is spreading 

Canada’s housing market is facing a structural challenge with immediate and long-term consequences: housing starts in the country’s largest urban centres are slowing sharply, with no signs of a near-term recovery. The Greater Toronto Area (GTA) was the first to see significant declines, followed by Metro Vancouver and now Ottawa. The pattern is clear, and […]

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