22 h. ago Bob Rennie donates $22.8 million in art to the National Gallery of Canada: 'We want the works to be shown'

The Vancouver real estate marketer and his family have donated 61 works to the Ottawa gallery, valued at $22.8 million

Economics

26 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

30 h. ago Home sales up 3.6% in May after ‘delayed’ start to peak season: CREA

The Canadian Real Estate Association reports home sales were up 3.6 per cent in May compared to April, signaling the real estate market may be warming up.

Culture

6 d. ago Rent prices in Ontario keep plummeting and here's where they're the lowest

The cost of living in Ontario may still be completely out of hand, but at least the price of something in the province is going down: rent.The price of the average Ontario apartment has been on the decline for months, including in cities like Guelph, Barrie, Mississauga and yes, even incessantly expensive Toronto, which now boasts the lowest rents it's seen in years as the housing market crashes.A sharp rise in supply amid a drop-off in demand across both the real estate and rental markets — especially when it comes to condo units — has been a huge force in reducing prices in key markets across Canada, with year-over-year price reductions now reported for eight months in a row.In Ontario, prices for all unit sizes but three-bedrooms plummeted year-over-year yet again in May, according to new stats from Rentals.ca and Urbanation, released this week.Chart of how the provinces measure up when it comes to rent prices...

Economics

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

7 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

7 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

7 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

7 d. ago These real estate markets might be showing signs of life, report suggests

A report by the Royal Bank of Canada released Monday said local real estate boards have indicated that home resales picked up in some Canadian markets in May.

Other

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 Hyyve and MoveMate Partner to Simplify Real Estate Moves Across Canada

TORONTO, June 02, 2025 (GLOBE NEWSWIRE) — Hyyve, Canada’s first performance-based residential real estate marketplace where top agents bid upfront to earn a home seller’s or buyer’s business, is excited to announce a new strategic partnership with MoveMate, Canada’s leading tech-enabled moving services platform. Both proudly Canadian companies, this collaboration brings seamless, on-demand moving support […]

Culture

3 w. ago Luxury real estate market starting to rebound, says Sotheby’s

Buyer confidence is returning, and not only for high-priced condos and homes A new report from Sotheby’s International Realty Canada reveals that while sales of $1 million-plus properties declined by 29 per cent in the first quarter compared to the same period last year, there is room for optimism particularly when it comes to luxury […]

Culture

3 w. ago Calgary is the second best market in Canada to buy real estate

Some of Calgary's leading neighbourhoods for value might surprise local buyers.

Other

3 w. ago ‘Sign’ of the times: Surprising new indicator of B.C.’s sluggish real estate market

'There are so many listings right now in the Metro Vancouver area that there's not enough signposts,' Kaitlyn Herbst, realtor with MRKT Real Estate Group said.

Other

4 w. ago If you’re a seller, what’s your best move in a tricky real estate market?

Housing sales have dropped from a year ago, leading to a difficult market for home owners to sell, but could it also be risky to wait?

Economics