20 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

20 h. 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

28 h. ago Here are the most and least expensive places in the GTA to buy a home right now

There are some major deals to be had for those wading into the Toronto real estate market these days — at least, when contrasted against the prices of just a few years ago — with the vast majority of the few homes switching hands now going for far under asking price.The newest reports from August 2025 show homes in the region are going for tens of thousands of dollars less than they were last year, with average prices ranging from $642,195 for a condo to $1.3 million for a standalone house — the latter especially, still nothing to scoff at, but a notable 7.5 per cent cheaper than this time last year.But regardless of how much GTA homes have depreciated in value and which areas are being the most drastically underbid, one may wonder what neighbourhoods have the cheapest properties overall in terms of dollar amount right now.Once again, local property platform Wahi has surveyed the market and has released a ...

Other

28 h. ago OREA and TRREB Joint Statement on RECO’s Notice for Application regarding iPro Realty

TORONTO, Sept. 12, 2025 (GLOBE NEWSWIRE) — “Today, the Real Estate Council of Ontario (RECO) took an important step towards addressing the iPro Realty Ltd. matter, which impacted 2,400 REALTORS® and their clients across the province. In a statement published on September 12, 2025, RECO advised that they have filed a Notice of Application with […]

Other

44 h. ago A $3 million home is one of the largest on this coveted Toronto street

Do you want the house tour? 20 Fairview Boulevard is a 4,000 square foot slice of heaven. Come on in!This distinguished three-storey home sits in the sought-after neighbourhood of Riverdale, which offers the best of both worlds: the serene exclusivity of the suburbs with the ultimate urban convenience of being just steps from Broadview Station.To enter, you'll step through a beautiful enclosed brick front porch, complete with a slate floor and double-hung chicory wood-clad windows. Morning coffee probably tastes extra delicious watching the sun rise from this cozy alcove.All this, and we're not even inside yet!Inside, you're met with a large foyer featuring a coat closet, a glimmering powder room, and a splendid oak staircase that leads to the upper floors and basement.The living room boasts a large bay window and a zero-clearance radiant gas fireplace, setting the perfect scene for the cozy fall and winter evenings ahead.There's so much you ...

Economics

68 h. ago This $5 million townhouse in an old Toronto mansion is pure class

Most townhouses in Toronto are narrow new builds with more stairs than anyone should reasonably have to climb.But the townhomes at 35 Rosedale Rd.? They feel like they should come with a British title, a butler, a trust fund, and maybe a tiny dog named Winston. Basically, it's old money meets modern luxury.Originally a grand single-family home, this mansion is known as the Captain Samuel Crangle House.The covered front porch. Built in 1891 in the Queen Anne Revival style by architects Henry Gordon and Grant Helliwell — the duo behind several University of Toronto buildings and some of the city's most beautiful churches — it's a stunner.The foyer. Think bay windows, ornate trimwork, warm hardwood floors, and classic brickwork that transports you straight to Victorian England.One of the bedrooms with built-in storage. Eventually, the mansion was converted into condo townhomes, and they almost never hit the market.A little office nook. In fac...

Economics

3 d. ago CAPREIT Completes Sale of International Plaza to Nch’ḵaý Development Corporation

This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated May 15, 2025, to its short form base shelf prospectus dated May 15, 2025. TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today that it has completed the sale […]

Society

3 d. ago Stunning Toronto tower proposal is 4 times as tall as last plan for same site

A long-dead proposal to redevelop a heritage church property in Toronto has resurfaced, only much larger than what was planned for the site just four years earlier.The major redevelopment scheme would see a breathtaking tower sprout from the 1887-built St Luke's United Church at the corner of Sherbourne and Carlton, planned to rise 48 storeys and reshape the local skyline in the process.Positioned at the junction of two busy TTC routes, the site is primed for intensification, though the scale being sought might raise some eyebrows in the community.Developer Kindred Works' application for 353-355 Sherbourne Street features a design from KPMB Architects, incorporating heritage retention work from ERA Architects, which would feature a dramatic mid-section between the tower and heritage base, boasting sweeping arches that create a dialogue between the old and new volumes.The current plan would preserve the original 1887 church and the attached 1912-built Sunday School, and ...

Other

3 d. ago A flashlight is needed to view this abandoned Toronto home listed for $700K

If you've ever dreamed of living in Toronto's Leslieville neighbourhood but your budget keeps laughing in your face, here's your shot — provided you're cool with a little (okay, a lot) of elbow grease.Priced at a steal of just $699,900, 360 Logan Ave. is a Victorian semi that doesn't whisper "project house" — it screams it.The listing literally suggests bringing a flashlight to your showing, which is either ominous or thrilling depending on how you feel about cracked ceilings, lime green trim, and mysterious stains.The attic with missing patch of ceiling. The bones? Classic… but questionable (see: aforementioned cracked ceilings).The bathroom with plenty of visible water damage. Still, for the brave, you're looking at two and a half storeys, four bedrooms, two bathrooms, a deep 115-foot lot with laneway parking.A bedroom with peeling paint. And the location? Chef's kiss.The very run-down kitchen t...

Economics

4 d. ago Toronto on pace for lowest annual housing starts in 30 years, CMHC says

Flat housing starts for seven key metropolitan areas, despite some markets building new homes at record pace

Culture

4 d. ago Stunning luxurious Ontario bungalow sits on beautiful slice of forested heaven

Welcome to your very own slice of cottage heaven at 2993 Innisfil Beach Road, a tranquil dream property on almost 20 acres of Muskoka-like grounds.Cottage country living in the GTA.This newly designed Innisfil bungalow features four bedrooms and four bathrooms tucked away in a private forest. With 4,672 square feet, it's a nature lover's dream, complete with all the bells and whistles of city living.Walking up to your grand front porch and into the home, you're greeted by Italian porcelain floors, high ceilings, and ample living space.The main floor houses the chef's kitchen, complete with a dreamy quartz island and countertops, and top-of-the-line LG stainless steel appliances.Cool colours really capture the size of this grand kitchen.You won't have to scramble for kitchen storage space thanks to this home's extensive upper and lower cabinetry. The sleek, modern design of the kitchen gives off a minimalist chic vibe.Lots of space for all of yo...

Other

5 d. ago Toronto is the only major Canadian city where 'rental burden' is easing

If you couldn't tell by all of the rent incentives and declining monthly rates, tenants in Ontario are breathing a little easier lately as the market cools down, especially in Toronto.Condos in particular are no longer the boon to investors that they once were, and it seems that the downturn of the city's real estate market is translating over to rentals, too, with ample supply, far less fervent demand and other factors continuing to push prices lower pretty much across the board.Multiple reports have outlined how the cost of an ordinary unit in the 6ix (and other parts of the region) has gradually decreased, most recently to $2,618 — marking a 3.3 per cent drop from this time last year — according to the most recent numbers from Urbanation and Rentals.ca.The two firms crunch the numbers each month in their joint National Rent Report, and the recently released September edition bolsters a point that other authorities have recently made: that&n...

Politics

5 d. 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 […]

Other

6 d. ago Toronto home in the same family since 1913 just hit the market for $1 million

When you picture a family home being passed down through generations, you probably imagine sprawling estates — Downton Abbey vibes, rolling lawns, maybe even a butler.But not every legacy home comes with acres and chandeliers.Sometimes, it looks a lot more like 22 Seymour Ave., a humble Toronto detached house that's been in the same family since 1913.The wood panelling and staircase let you know this isn't a new build. That's 111 years of dinners, birthdays, and probably more than a few regrettable decor choices, like the terrazzo vinyl stairs.The front entrance. But now, for the first time ever, it's ready for someone new to take over.The dining room. The house itself is small but classic, with two bedrooms, one bathroom, and sits on a 25-by-105-foot lot.The living room. The main floor features your standard living room, dining room, and kitchen, complete with original hardwood, a stained-glass window, and moulding — though ...

Economics

7 d. ago 5 enormous towers up to 56 storeys could transform Ontario city's skyline

A towering development proposal aims to totally reshape the skyline of Barrie, Ontario.Plans filed with the City of Barrie by Piveon Developments on Aug. 27 seek to rezone a site near the city's waterfront that would radically alter the local landscape with five towers rising as tall as 56 storeys.The ambitious proposal seeks to build out a pair of properties at 145 Bradford Street and 48 Ellen Street, currently a vacant lot and an adjacent home.Such density would have seemed unimaginable just a few years earlier, though significant changes in Barrie's urban fabric have essentially kicked the doors open for a transformative wave of tall towers that could further alter the city's skyline in the years to come.The enormous proposal on Barrie's waterfront would have been laughed out of the room a decade ago, though the nearby Debut Waterfront Residences project, located at 55 Dunlop Street West — now home to Barrie's current tallest buildings — ...

Other

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 The average home is now going for way under asking price in almost 100% of the GTA

The days of Toronto serving as one of the hottest cities in the world for real estate have come and gone, as the region continues to struggle with an abundance of condos, townhomes and houses that no one seems interested in purchasing.Leaders continue to underscore how crucial it is that we ramp up residential construction, yet a record number of homes — upwards of 30,000 — sit on the market each month.The disparity between supply and demand has hit a new high this year, but in the complete opposite way than most may have expected: sales activity is in freefall as more and more properties hit the market, and properties are sitting on the market for far longer as a result. It means that those few who aren't balking at interest rates, recession, tariffs and general economic precarity, and are actually looking to invest, have been able to nab quite a deal.According to recent data, in a whopping 98 per...

Economics

8 d. ago Two condos in Toronto heritage home just hit the market for almost $5 million each

Toronto doesn't exactly make it easy to find a condo with character. Most new builds lean glassy and generic, but every once in a while, a project comes along that merges history with luxury in a way that feels genuinely special.That's precisely what's happened at 62 Charles St. E., where the 1885 Second Empire Victorian has been completely restored on the outside and is now totally customizable on the inside.Known as the Thomas Smith and Arthur Coleman Houses, the semi-detached homes were originally built by Toronto contractor Arthur Coleman in partnership with painter Thomas Smith.A digital image of the kitchen and dining room of the lower unit. Their distinctive Second Empire style — mansard roofs, patterned slate shingles, buff-brick details, and double-door entrances — still stands proud today after a painstaking exterior restoration.Fun fact, the restoration only happened because it was part of deal the developer Cresford h...

Economics

9 d. ago Here's what you have to earn per hour to afford living in Toronto

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

Other

9 d. ago Here's what you have to earn per hour to afford living in Toronto right now

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

Other