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Taxes, fees impact Ontario housing affordability: OREA survey

1 week ago

Taxes, fees impact Ontario housing affordability: survey

Over 60 per cent of Ontarians see property taxes and government fees as impacting housing affordability, a survey by the Ontario Real Estate Association has found. It may indicate the industry’s messaging is being heard by the public.

By Burnac kicks off construction at luxury Toronto condo

Construction has begun for The Bedford, By Burnac's high-end 13-storey condominium at 287 Davenport Rd. in Toronto's Yorkville-Annex neighbourhood. The family-owned developer is known for a series of such developments in midtown neighbourhoods.

Feds earmark $5.5M for new B.C. mass timber factory

Castlegar, B.C.-based Kalesnikoff Mass Timber Inc. is receiving $5.5 million in federal funding to expand its production capacity, the government’s latest support for prefabrication as a means to boost housing supply.

Global trade, interest rates and housing: The road ahead

PODCAST: Host Adam Jacobs is joined by Tony Stillo of Oxford Economics to discuss strategies to help navigate the complexities of real estate decision making, from resilience and underwriting, to the pending USMCA negotiations, interest rates and the housing market.

Toronto area home prices down 7% this February

Toronto area home prices continued to slip in February, marking a year of monthly year-over-year declines. The average price of a home across the region was $1.009 million, down about seven per cent from last February.

Toronto areas where home are selling above asking

While the real estate market has remained flat in most of the Greater Toronto Area, there are some neighbourhoods where homes are selling for over the list price. Three of those neighbourhoods in February were located on Toronto’s east side.

B.C. January home sales off to a slow start in 2026

B.C. home sales slumped in January to start the year. Seasonally-adjusted home sales declined 8.2 per cent from December to 5,376 units, with year-over-year sales down by 19.4 per cent. 

Montreal area home sales fall 3% in February

The Quebec Professional Association of Real Estate Brokers says Montreal area home sales fell 3.2 per cent on a year-over-year basis in February as the market entered a “sales stabilization phase.” 

Calgary announces backyard suite incentive program

The City of Calgary has dipped into its Housing Accelerator Fund to the tune of $10 million to launch a Backyard Suite Incentive Program. Financial support from the city includes up to $15,000 to support general construction costs.

When the sale price doesn’t cover the seller’s debts, beware

In a return to earlier eras of financial distress in the real estate market, realtors are warning of a rise in heavily indebted homeowners defaulting on agreements to sell their properties, creating legal and financial headaches for hopeful buyers.

A mortgage renewal ‘turning point’ for pandemic buyers

The mortgage renewal wave that has long loomed over pandemic buyers who purchased homes at rock-bottom rates may finally be coming to an end, according to a Wednesday report from Toronto-Dominion Bank.

The evolution of Toronto residential design

Unlike established design capitals, Toronto resists a single signature look: its interiors are layered rather than loud, warm without being overly precious and globally informed while remaining rooted in local context.

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