87 m. ago Buyers now offering way less than asking price for homes in almost all of the GTA

One may wonder how much more doom and gloom the Toronto housing market can handle, as the negative statistics and outlooks keep piling up month after month.The city, having been immensely overvalued and undersupplied for so long, is in a bit of a state of shock now that the market has done a 180, with more homes now up for sale than ever, making for largest gap between supply and demand on record.Even if this is all good for would-be buyers who have been waiting for some semblance of affordability for years, the stagnation has only led to a modest drop in average prices lately, with most owners and developers unwilling or unable to bear the substantial loss of pricing to sell in this current landscape.Still, per the latest numbers from the Toronto Regional Real Estate Board (TRREB), the cost of the standard residential property in the GTA slid 5.4 per cent in June compared to the same time last year — the most significant year-over-...

Economics

40 h. ago Totally unliveable Toronto house is somehow still selling $800,000

The Toronto real estate market is, by all metrics, kinda terrible right now. And yet, it somehow still has the audacity to ask almost $800,000 for an unliveable house.120 Castlefield Ave. is literally falling apart — but because it's in Toronto’s coveted Allenby neighbourhood, it's still considered valuable.At one point, this house was probably fine. It's a classic three-bedroom, one-bathroom semi-detached with original hardwood floors, tall ceilings, and a fireplace. But those days are long gone.A bedroom. After what looks like years (decades?) of neglect, the inside of the home resembles a horror movie set more than a real estate listing.The kitchen. The walls are crumbling, the paint is peeling, the ceiling is literally falling in, and the kitchen looks ... terrifying. A bedroom. Despite this, the house is listed at $799,900 — a relative "bargain" in a neighbourhood where semi-detached homes usually sell for $1...

Economics

3 d. ago Striking Workers at Villa Colombo Get Support From the Society of United Professionals

TORONTO — Striking workers from the Villa Colombo Supportive Housing Unit are thankful that their struggle isn’t going unnoticed by the wider labour movement. These personal care workers are members of CUPE 5525 and have been on the picket line since May 28th outside the care residences, operated by Villa Colombo Home for the Aged […]

Society

3 d. ago TRREB: More Interest Rate Cuts and a Trade Deal Would Further Improve Home Sales

TORONTO, July 04, 2025 (GLOBE NEWSWIRE) — Ownership housing affordability continued to improve in June 2025. Average selling prices and borrowing costs remained lower than last year’s levels. However, despite some month-over-month momentum, many would-be homebuyers remained on the sidelines due to economic uncertainty.  “The GTA housing market continued to show signs of recovery in […]

Economics

3 d. ago Toronto home featured in architectural magazines selling for $1.6 million

Nestled in the heart of Toronto's Pape Village sits a house that, at first glance, you'd never know was nominated for multiple architecture and design awards.From the outside, 125 Torrens Ave. looks like a dated off-white house that is basically a yawn in terms of curb appeal. But inside, it is a minimalist masterpiece designed by Atelier Sun. The living room. The three-bedroom, two-bathroom home blends Scandinavian function with Japanese rustic elegance in true Japandi style.A home office. It's the kind of space that makes you want to start drinking matcha, wearing linen, and finally embracing that "quiet luxury" aesthetic TikTok keeps promising will transform your life.The main floor. The home was fully renovated from top to bottom with custom millwork that subtly carves out distinct zones while maintaining a breezy, open-concept flow.The kitchen. Hidden storage and sliding walls provide smart solutions for re...

Economics

9 d. ago How a style of house specific to Toronto has evolved through the ages

Ever notice those tall, narrow, tightly arranged homes decked out with the oversized bay windows you see in Toronto neighbourhoods like Trinity Bellwoods and the Annex? They're perhaps the most prevalent style of homes in Toronto, a distinctly local form of architectural expression that has been around for over a century. The iconic 'Bay-and-Gable' style houses have shaped Toronto's residential neighbourhoods and are a signature look of the city's landscape. Their namesake is inspired by their form: large bay windows sit vertically atop each other on the home’s front facade, lining up with gable rooftops. Built during a time of economic challenges and rapid population growth, Victorian Toronto residents were compelled to devise alternative methods for building homes that got around local taxes.By the late 1800s, Toronto's property taxes were based on the width of a home's frontage, and lots were quickly severed and built out with narrow ho...

Other

1 week ago Timeless $4.5 million Toronto home hides stunning modern interiors

If you've been house hunting and feel like you've seen one too many soulless, millenial grey boxes with "open concept" stamped on it like a buzzword, let me introduce you to a house that is none of those things.9 Lynwood Ave. is timeless red brick house located on a quiet, leafy street in Toronto's South Hill neighbourhood just steps from top-rated schools, green space, and the citys best amenities. Already off to a great start. But the biggest selling point of this home, in my opinion and realtor Gillian Oxley's, is the fact that this house retains much of its delightful original Arts and Crafts roots while still being a practical modern day family home. The foyer. You're welcomed into 9 Lynwood Ave. with a light-drenched foyer with heated floors, a gas fireplace, and a built-in bench that's original to the house. Chefs kiss. The living room. The home, boasting 4,4...

Economics

1 week ago NHL Player Backs TUK Developments in Bold Move to Tackle Toronto’s Rental Crisis

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — A current NHL defenseman has quietly stepped into the world of real estate, teaming up with TUK Developments Inc. to help address Toronto’s deepening rental housing shortage. While the player has chosen to remain anonymous for now, this partnership marks a significant step in bridging purpose-driven investment with […]

Sport

1 week ago This is one of the cheapest Toronto houses with a pool for sale right now

With Toronto in the midst of yet another sweltering heat wave, it's not an exaggeration to say that 2 Leyton Ave. is looking extremely refreshing right now.Located in the family-friendly Oakridge neighbourhood in Scarborough, this detached three-bedroom home is serving up serious summer vibes.Not only does this house back onto the peaceful greenery of Oakridge Park, but it also has a freshly (2023) waterproofed backyard pool and a deck space for lounging and working on that tan.The pool. Sure, it's not an inground pool, but when the temperatures in Toronto feel like you're in a sauna, who cares?And even better than the fact that this house has a pool is that it is currently listed for less than it sold for back in 2023. The kitchen. In 2023, 2 Leyton Ave. sold for $880,000, after sitting on the market for over seven months. The primary bedroom. Now, the house is listed for only $749,000, despite looking lik...

Other

1 week ago Here's another big sign Toronto's housing market is in turmoil right now

Toronto's real estate market is stuck between a very large rock and a very hard place as the city faces the unique dilemma of having more than 30,000 homes up for sale that few can realistically afford, but that owners can't let go of for less than the prohibitive prices the city accepted as the norm for so many years, and that they themselves paid.The data points have been trending in an unsettling direction for local realtors, property owners and developers, the latter of whom are now stalling projects in response to a profound sales slump during a time when building costs (including municipal levies and other taxes) are ever-more exorbitant.Along with a sharp decline in the number of homes switching hands and a consequent drop in construction activity, there has also been an uptick in power of sale listings as more people default on their mortgages, and far more properties selli...

Other

1 week ago Report says hoping for Canadian housing prices to plummet is not realistic

Canada must dramatically increase the pace of home construction — nearly doubling current annual housing starts — to address the country's deepening housing affordability crisis, according to a new report from the Canada Mortgage and Housing Corporation (CMHC).In its updated annual analysis of Canada's housing supply shortage, CMHC estimates that the country needs to build between 430,000 and 480,000 housing units annually until 2035, up from the current trajectory of about 250,000 units per year. The aim is to restore affordability to levels last seen in 2019, prior to the pandemic-driven housing boom.The federal Crown corporation has shifted its modelling framework to a rolling 10-year horizon, abandoning its earlier 2030 benchmark, which it now considers unrealistic due to the lengthy timelines needed for land use approvals and construction."Restoring affordability to levels last seen two decades ago isn't realistic, especially after the pos...

Economics

2 w. ago As the Strike at Villa Columbo Approaches One Month, Community Groups Rally in Support of CUPE 5525

TORONTO — As workers at the Villa Columbo Supportive Housing Unit in North York are approaching one month on the picket lines, community organizations and their union are showing up to support them. Management at Villa Columbo, a subsidiary of Villa Charities, walked away from the bargaining table one month ago, after tabling a proposal […]

Other

2 w. ago Former Liberal cabinet minister John McCallum dead at 75, family says

McCallum was first elected to the House of Commons to represent the Greater-Toronto-Area riding of Markham in 2000

Politics

2 w. ago Tiny Toronto house that could pass as a garden shed selling for $600K

The last time 4 Lucy Ave. hit the market, it was listed as a two-bedroom, one-bathroom home — which already felt like a stretch for a house that clocks in at under 500 square feet.Still, it sold for $430,000 in 2019, a solid $30K over asking.Now it's back—this time with three bedrooms (somehow), the same one bathroom, and a new price tag of $599,888.The living room. You might assume they added an extension. They didn't.The kitchen. Maybe some sleek renovations? Nope.The laundry. In fact, comparing the new listing photos to those from 2019, things look... worse.A bedroom. The front door appears to be buckling, the roof is sagging, and inside, it's giving "dormitory-meets-doomsday-bunker" vibes.Another bedroom. There are five beds crammed into the tiny house, which may even violate Toronto's occupancy bylaws (one person per nine square metres of habitable space, for those keeping track).The basement that has been turned in...

Economics

2 w. ago Toronto house featuring the famous 'Rodney the Tree' for sale at almost $3 million

When Massey last sold in 2016, it was a garbage-filled shell of a home. But designer and builder Jamie Beurklian clearly saw potential in the early 1900s house. Since 2016, the home has been painstakingly transformed by Beurklian into a minimalist architectural marvel that's as practical as it is beautiful.And yes, it comes with its own local celebrity — Rodney the Tree.The front entrance. Let's start with the house. From the outside, it blends seamlessly into the historic neighbourhood, but with a modern extension, it draws the eye ever upward. The upstairs unit. Inside, the home features soaring ceilings and a light-filled interior with oversized windows, biophilic design elements, and meticulous attention to detail that eliminates things like baseboards and bulkheads entirely.The lower unit kitchen. Beurklian, who owns and designed the home, told blogTO he used computer modelling and green building practices to maximize space and e...

Economics

2 w. ago Here's the minimum salary required to afford a home in Toronto right now

Even with a record 32,000-plus homes up for sale in and around Toronto and few of them actually changing hands, housing affordability in the region is still deteriorating, suggesting that the present market lull is likely to continue.Based on the most recent average house and condo prices in May, along with present interest rates, the market experts at Ratehub.ca have calculated how much a household would need to earn each year to float the standard mortgage in cities across Canada, including in T.O.And, to people living elsewhere in the world (or even the country) where real estate prices are far lower and incomes are higher, the figure may be shocking.Between April and May of this year, the mean price across housing types rose by a slight $2,500 in Toronto, per the firm's data, from $1,009,400 to $1,012,800. This makes the typical monthly mortgage bill in the city $1,968, some $12 more than just a month earlier.In total, at a lending rate of ...

Other

3 w. 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

3 w. ago Stunning $5.5 million Toronto mansion looks like it could double as an art gallery

While normally I don't believe in love at first sight, this Toronto house at 12 Misty Cres. had me at "hello."This bold, 5,000-square-foot modern masterpiece is serving next-level luxury, and honestly, it's just really, really pretty.With its striking architectural lines, soaring ceilings, private elevator, and fully integrated indoor-outdoor living, it's less "house" and more "art installation you can live in."The foyer. The pared-down interiors are ideal for showcasing a serious art collection, with expansive walls that make the space feel more like a gallery than a home.The dining room. Listed for serious design lovers, this fully renovated mansion doesn't hold back.The living room. You’re greeted by a grand foyer that flows into a massive living room with double-height ceilings and a floor-to-ceiling window that's straight-up cinematic.The balcony. It opens onto a sprawling balcony in the treetops &...

Economics

3 w. ago This dazzling Toronto home just reduced its price by $1.5 million

If you're in the market for mansion living but you're working with a house budget, this breathtaking Toronto property, whose price was just reduced by $1.5 million, might just be the place for you....Assuming that "house" budget is $5 million, that is.Located on a serene street steps from Bayview Avenue and York Mills Road, 37 Rollscourt Drive is the stuff Toronto property dreams are made of, boasting luxe-yet-tasteful finishes at every corner.With a prime location just minutes from Highway 401 and local schools, though, that serenity doesn't come at the expense of true city living.The grand entrance.Soaring over the centrepiece of the main floor — an elegant cascading staircase that leads to the bedrooms and amenities on the second storey — you'll spy a refined domed skylight that gives the whole space a regal feel.The living room.The sleek 333-sq.-ft. living space provides a comfortable and stylish spot for social gatherings or unwin...

Economics

3 w. 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