Staff Writer

Real Estate News

Housing Affordability Improved In Q2, But Declines Expected

"Short of a housing crash that would destroy property values or an unexpected about-face in monetary policy, any progress in restoring housing affordability is likely to be slow."

Affordable Housing

Ontario Introduces Legislation To Change The Definition Of Affordable Housing

​The updated definition would take income and local market factors into account, and such homes would be exempt from development-related charges.

Real Estate News

A List Of Major Developments That Started And Finished Since Eglinton Crosstown Construction Began

In the 12 years since construction began on the Eglinton Crosstown LRT, a myriad of major developments have begun and completed construction across Toronto.

Mortgages

One-Fifth Of Homeowners Worry "All The Time" About Affording Their Mortgage At Renewal

Interest rates have risen from 0.25% to 5% in 18 months, inducing anxiety in homeowners with looming mortgage renewals.

Real Estate News

Price-Fixing Class Action Against TRREB, CREA, And Toronto Brokerages Moving Ahead

The proposed class action seeks to represent every person who has sold a residential property through the Toronto MLS system since March 11, 2010.

Transportation

Ontario Proposes New Fee To Fund GO Stations, Spur Development

Dubbed the Station Contribution Fee, the tool would allow municipalities to fund the design and construction of new GO Transit stations.

Real Estate News

How Canadian Home Prices Have Changed Over The Last Five Years

Between rising interest rates and insufficient inventory, affordability in the Canadian real estate market has taken a serious hit since 2018.

Real Estate News

Toronto's Housing Bubble Risk Subsides, But Market Remains Overvalued

Rising interest rates and soaring inflation have helped to quell Toronto’s risk of a housing bubble, but the city’s real estate market remains woefully overvalued.

Fall Condo Insider

5 Notable Condo Launches Coming To The GTA

From Pickering to Mississauga, Yorkville to York Mills, here are five condos launching soon 2023 that buyers should be paying attention to.

Real Estate News

Ontario Post-Secondary Grads Are Delaying Homeownership Due To Student Loan Debt: Poll

The majority of Ontario grads believe that their student debt will make it "much harder" for them to save for a home, a new survey has found.