16 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

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 Toronto housing market just crossed a brutal milestone amid market collapse

To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over the past many months is the simultaneous influx of new listings, which now amount to the largest glut in memory.Topping the points of 2024 when the city reached a high point of more than 20,000 houses and condos on the market, this year has kicked off with even worse news for realtors and homeowners.As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.The 32,082 figure was shared to X by realtor and expert Robert Marsiglio on June 8, and reflects the numbers avail...

Events

6 d. ago Toronto housing market just crossed a historic milestone amid market collapse

To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over the past many months is the simultaneous influx of new listings, which now amount to the largest glut in memory.Topping the points of 2024 when the city reached a high point of more than 20,000 houses and condos on the market, this year has kicked off with even worse news for realtors and homeowners.As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.The 32,082 figure was shared to X by realtor and expert Robert Marsiglio on June 8, and reflects the numbers avail...

Other

6 d. ago Toronto housing market just crossed a brutal milestone amid real estate collapse

To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over the past many months is the simultaneous influx of new listings, which now amount to the largest glut in memory.Topping the points of 2024 when the city reached a high point of more than 20,000 houses and condos on the market, this year has kicked off with even worse news for realtors and homeowners.As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.The 32,082 figure was shared to X by realtor and expert Robert Marsiglio on June 8, and reflects the numbers avail...

Events

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

1 week ago Toronto's newest vintage fashion mecca just opened in Kensington Market

The people behind some of Toronto's most popular vintage and thrift stores just opened an ambitious new project in the heart of Kensington Market.The closure of Kensington Market's legendary Blue Banana after 17 years of slinging kitschy trinkets and funky socks left the neighbourhood and its frequenters with an unsettled air.Whether you actually shopped at the store or used it more for window shopping purposes and the air conditioning (or heating, depending on the season), the loss of such a major business left the distinct impression that the neighbourhood's tides could be turning — and the question of whether it would be for the better or worse hung thick like the cannabis smoke that saturates the area.Not too long after Blue Banana's sudden closure, the smoke cleared, revealing an answer that, mercifully, did not come in the form of demolition or a chain takeover.Instead, the store was acquired by a team of hometown heroes known for some of t...

Other

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

3 w. ago The cast of 'Tell Me Lies' was just spotted at St. Lawrence Market in Toronto

Stars from the hit Hulu show Tell Me Lies seem to be making the most of their off-set time while shooting in Toronto, as eagle-eyed fans spot them at St. Lawrence Market.Summer is right around the corner in Toronto, and just as sure as that first really bad sunburn that reminds you sunscreen is a thing or the patio at Bellwoods Brewery being utterly overrun with everyone you know, a slew of TV and film productions are taking over the city for shoots all season long.Everything from a Muhummad Ali TV series to the third installment of The Strangers film series reboot — seemingly unphased by Donald Trump's proposed 100 per cent film tariff on films and TV produced outside the United States — is calling the city home this spring and summer.For fans of Hulu's Tell Me Lies, the most exciting production shooting on the streets of Toronto this summer is the show's third season, which will once again follow the topsy-turvy story of m...

Other

3 w. ago Toronto is getting a new street food night market where everything is under $10

I can't be the only person who gets goosebumps whenever they hear the terms 'street food' and 'night market' together in one sentence. Luckily for Toronto, a new weekly night market offering exactly that is about to kick off this week.While an average Toronto summer has no shortage of night markets where you can dive into a veritable feast of street food staples (I'm looking at you, Waterfront Night Market), I'm a firm believer that you can never have too much of a good thing — especially when it's happening every Saturday night from May through July.Underground Night Market (alternatively known as UNDR GRND NGHT MRKT because, y'know, style) is the latest venture to give Toronto residents the chance to spend some time pleasing their palates under the stars.Here's the real kicker: all of the food and beverages available at the market will be under $10. See you never, $25 cocktails in a plastic cup.The market, which runs eve...

Economics

3 w. ago Mexican food chain with an epic Happy Hour opening new Toronto location

A Canadian Mexican food chain that's gained a massive fanbase over the years in large part thanks to its to-die-for Happy Hour is about to open a brand-new Toronto location at the edge of St. Lawrence Market.It was the closure heard around the world (or, at least across downtown Toronto) when beloved St. Lawrence Market haunt, Bar St. Lo announced it would be shutting down for good at the end of April 2025.Despite only being open for four years, the bar managed to attract a cult following that many food and beverage concepts could only dream of before somewhat ominously stating that they had "recently received an offer that [they] couldn’t refuse," and would be closing down.What, or who, could this offer have possibly been? As it turns out, none other than the Canadian Mexican food empire, Anejo.The Calgary-based chain currently boasts three locations in Alberta and two in Toronto at Shops and Don Mills and on King West, and they're now gearing up to ope...

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