3 d. ago Toronto real estate prices plummeting and here's what the average home costs now

Toronto's turbulent real estate market has been accelerating nose-first into the ground for months, and while home sales in the region are actually showing signs of a rebound in the second half of the year, there is still a long road ahead to recovery.However, despite the doom and gloom, the latest monthly figures from the Toronto Regional Real Estate Board (TRREB) offer some hope for buyers and sellers in the Greater Toronto Area (GTA).September home sales in the GTA spiked year-over-year, with declines in average home prices and increased flexibility in negotiations, as sellers are accepting offers well below the asking price, helping to lure cost-conscious buyers out of hibernation. This is thanks in part to the runaway supply of unsold units.A few factors are driving the 5,592 home sales reported by TRREB in September –  a noticeable 8.5 per cent bump over the same month last year. One factor cited by TRREB President Elechia Barry-Sproule is the recent Bank o...

Economics

3 d. ago Friday's letters: Teen's treatment at panel will cost UCP votes

On Monday, at a town hall meeting called so that our premier could hear the concerns of Albertans the executive director of her office and moderator of the meeting publicly humiliated a citizen with an arrogant and demeaning comment. While the crisis unfolding in education was not on the agenda, it was topmost in many […]

Economics

3 d. 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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3 d. ago Toronto home sales up in September following interest rate cut

5,592 home sales were recorded last month, up 8.5% compared to last year

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1 week ago Looking for Blue Jays playoff tickets? What to know as they go on sale Thursday

After the Toronto Blue Jays clinched their playoff berth with a win Sunday, fans are gearing up to secure their spot in the stands as post-season tickets go on sale this week.

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1 week ago Toronto home sales hit 'rock bottom' as experts alarmed over 'unfolding crisis'

Just in case you thought the Greater Toronto Area (GTA) new home sales market couldn't get any worse, well, things just got worse.A troubling new report from the Building Industry and Land Development Association (BILD), released on Tuesday, is more bad news for anyone looking to sell their home in the region, with abysmally low sales figures that continue the cliff-diving trend of the past several months.A staggeringly low 300 homes were sold in the entire region of approximately 7 million residents during August 2025. This figure represents a 42 per cent nosedive from the sales figures seen the previous August, and plummeting 81 per cent below the 10-year average, according to the latest data from Altus Group.To put these massive declines in perspective, a typical August over the past decade would have averaged out at just shy of 1,600 units sold. Just a fraction of this figure was reached this past August."GTA new home sales in August 2025 remained at rock bott...

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1 week ago Government intervention required immediately to avoid a severe housing downturn

Toronto, Sept. 23, 2025 (GLOBE NEWSWIRE) — Greater Toronto Area, September 23, 2025 – With Greater Toronto Area (GTA) new home sales stagnating at historic lows, other major markets facing similar conditions, and signs of the contagion spreading, governments can no longer ignore the unfolding crisis, the Building Industry and Land Development Association (BILD) said […]

Politics

2 w. ago Toronto Blue Jays playoff tickets going on sale and here's how to score them

The Toronto Blue Jays are back in the postseason.After missing the playoffs in 2024, the Blue Jays punched their ticket to the dance Sunday in Kansas City. They're the fifth team in Major League Baseball and the first in the American League to clinch a playoff berth this season.The Blue Jays announced Monday morning that playoff tickets will go on sale to the general public on Thursday, Sept. 25, at 10 a.m. EDT.Tickets sold are for the best-of-three American League Wild Card Series, beginning Sept. 30, and the best-of-five American League Divisional Series, which would start Oct. 4. Tickets for potential future rounds will be available at a later date.If the Blue Jays win their division, they would receive a bye to the ALDS, skipping the AL Wild Card Series entirely.Playoff home dates will be announced at a later date, and fans will be refunded for any games that don't get played.Fans who have full- or quarter-season tickets will be guaranteed playoff tickets....

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2 w. ago Carfentanil crisis has 'seriously escalated' in Edmonton, as experts press for new approaches

An increasing prevalence of deadly carfentanil in Edmonton has prompted Alberta to sound the alarm, and experts say it’s time for upper levels of government to look at alternative forms of intervention in addition to bed-based treatment. From January to May, Alberta reported 507 opioid-related deaths. While the number is lower than in previous years, […]

Transport

2 w. ago Landmark Toronto century house for sale at $4 million or you could just rent it

Why has one of the most unique properties in downtown Toronto been sitting on the market for nearly two years?That's the question hanging over 17 Isabella Street, the historic mansion near Yonge and Bloor that seems tailor-made for investors, yet has struggled to secure its next chapter.Known as the William Britton House, the 1885 landmark offers almost 6,500 square feet of space in one of the city's most coveted neighbourhoods with endless options for transformation. One of two boardrooms in the house. The City has zoned it residential, while MPAC classifies it as a commercial condominium. That flexibility opens the door to all sorts of possibilities — from a boutique multi-unit rental to a one-of-a-kind private residence or an innovative mixed-use space.An office with leaded windows and a brass chandelier. Plus, the house itself comes with no shortage of character. Designed by Dr. William Britton, a well-respected physician and former pr...

Economics

3 w. ago 10 condos you can buy for less than $400k in downtown Toronto right now

Toronto's real estate market is in an unprecedented downward spiral which continues to scare away buyers worried about what snail-paced sales and a growing backlog of listings will mean for their future investment.But, for those brave enough to fulfill their dream of property ownership amid such an uncertain market (and economy in general), there are some serious deals to be had, with house, townhome and condo prices inching downward, in some cases to levels not seen in many years.For the first time in a long time, units in downtown T.O. are getting snagged for around the $350,000 mark — one, in fact, sold for only $295,000 this week — with dozens currently available in the $300k range, which would have been unheard of just a few years ago.Here are some of the most affordable units on the market right now:1014-251 Jarvis StreetKW Living Realty, Brokerage/condos.caThis clean, bright studio may be small and cookie-cutter, but wha...

Economics

3 w. ago CRA call centre service has hit ‘rock bottom’, according to federal minister

'It can’t get much worse than it is now,' says Wayne Long, secretary of state responsible for the CRA

Politics

4 w. ago KIC Realty Alberta Welcomes Brian Torry as Vice President of Compliance

CALGARY, Alberta, Sept. 08, 2025 (GLOBE NEWSWIRE) — KIC Realty is proud to announce the appointment of Brian Torry as Vice President of Compliance. With over 25 years of experience in Toronto’s real estate industry, Brian brings a unique blend of sales expertise, operational leadership, and development insight to the brokerage. His career has spanned […]

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