11 h. ago US Real Estate Market Drives Expansion at French ESG Data Firm

A Paris-based ESG data firm specialized in real estate is planning to dramatically increase its presence in the US, based on an assessment that Americans will soon need to pay more attention to how energy efficient their homes and offices are.

Economics

5 d. ago Unfinished Toronto mansion with bulletproof windows is going for $8 million

Only in the Bridle Path would a shell of a house be listed for over $8 million. To be fair to 19 Royal Oak Dr., it's a very substantial and seemingly well-built shell — but a shell nonetheless.The up-and-coming mega-mansion has been on and off the market since 2017, when it was first listed for $10,800,000. A potential bedroom. It sat on the market for over a year, then was re-listed for $8,800,000.The upstairs floor. It sat on the market for another year and then dropped its asking price to $7,500,000. Now, in the middle of a stagnant real estate market, it's back — and asking $8,180,000.Duct work, some electrical and windows have been installed. Why the sudden price bump? Who knows. blogTO reached out to the realtor and got radio silence, so your guess is as good as ours.Insullation has also been put in. That said, in a neighbourhood where the average home sells for almost $14 million, this place is ba...

Economics

6 d. 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

2 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

2 w. 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

2 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

2 w. 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

2 w. 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

2 w. 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

3 w. 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

3 w. 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