March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to spring break for the schools and the statutory holiday Good Friday falling in March this year versus April last year…

Multiplexes of up to four residential units can now be built in all neighbourhoods across Toronto after approval from city council, a move intended to increase low-rise housing options in existing communities. And yesterday Doug Ford said, “It's off the table”…

A new report released this week says the average asking price for a rental unit in Canada was $2,193 per month in February, up 10.5% year-over-year and the fastest annual growth since September 2023. The data released Monday by Rentals.ca and Urbanation, which analyzes monthly listings shows the average monthly cost of a one-bedroom unit in February was $1,920, up 12.9% from the same month in 2023…

Canada ends the first-time home buyer incentive program. The Canada Mortgage and Housing Corporation (CMHC) has officially terminated the First-Time Home Buyer Incentive program. The cutoff for new or revised applications is set for March 21st, 2024…

Tarion the home consumer protection agency in Ontario could face $90M in claims as developers walk away from projects and home buyers lose deposits. Ontario's real estate watchdog, Tarion, confronts an unprecedented challenge as it braces for over $90 million in claims from home buyers, marking the largest claim event in its history. The surge in claims stems from builders abandoning projects or engaging in illegal operations, compounded by rising interest rates, escalating construction costs, and persistent labor shortages…

Statistics Canada’s released a report this week that on July 1, 2023, for the first time, the millennial generation (born between 1981 and 1996) comprised a greater number of people in the population than the baby boomer generation, (born between 1946 and 1965) thanks to an immigration surge. It’s a title the baby boomers’ generation has held in the country for the past 65 years…

So it’s official! City Council voted in favour of the 9.5% increase to the residential property tax rate when they met on Wednesday to finalize the 2024 budget. The tax hike, bigger than any since the city’s amalgamation in 1998, was opposed by some councillors, who argued that residents were already struggling with inflation and high mortgage payments, and called on the city to reduce its costs instead…

The Toronto Real Estate market had a positive start to 2024. The first month of the year saw a total of 4,223 home sales in the GTA, according to the latest data from the Toronto Regional Real Estate Board (TRREB), which is not only up significantly from the 3,444 sales that took place in December (+22.6) but is up even more compared to the 3,083 sales seen in January 2023 (+37%)…