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Rising sales, falling prices indicate buyer's market in GTA

4 days ago

Rising sales, falling prices indicate buyer's market in GTA

A surplus of homes for sale in the Greater Toronto Area (GTA) has led to more purchases as prices go down, data from brokerage HouseSigma suggests. 

Canada’s affordability crisis has a hidden utility bill problem

GUEST SUBMISSION: Canada is building more homes. But are we building them right? As the country races to build, a critical question is being left off the table: What will it actually cost to live in the homes we’re building? 

Government condo buyout plan raises value questions

Ottawa and B.C. are buying 2,200 unsold condos. What's not talked about is the impact on people who have already bought units in these buildings and might have paid 30 per cent more than the government might pay today.

How one brokerage turns vacationers into buyers

Prospective buyers can rent one of CV Real Estate's cottages and, if they later purchase a property through one of the brokerage’s agents, receive a refund worth up to the full cost of their vacations.

CREA downgrades housing market forecast again

The Canadian Real Estate Association (CREA) revised its home sales forecast for 2026 downward, while new data shows the number of homes sold in June ticked up slightly from the month before.

Seguin Township rejects 47-lot Lake Rosseau development

Ratepayers who opposed the proposed subdivision near Lake Rosseau say Seguin Township council made the right decision in unanimously rejecting the project after planning staff concluded it conflicted with municipal planning policies. 

OLT approves Saugeen Shores subdivision draft plan

The Ontario Land Tribunal has overturned a decision by the Town of Saugeen Shores, approving a draft planning application for a new subdivision. The town had rejected the application for a subdivision consisting of 141 residential units as submitted.

Burlington townhouses advance despite petition

To the dismay of nearby residents who had started a petition against the development, Burlington City Council passed an application to build eight three-storey townhomes at 2105 Headon Rd. last week.

Fate uncertain for Saskatoon home that defies size limits

Speakers at Saskatoon City Hall expressed sympathy for the owners of a million-dollar home found to have exceeded size regulations even as they argued against letting it remain. Homeowners Curtis and Rachelle Kelln purchased the home a year ago.

B.C. woman wins in court over partially-built home

A Sunshine Coast resident won a legal proceeding after the B.C. Supreme Court overturned a District of Sechelt council decision blocking a third storey on a home she was building despite already approved plans and construction well underway.

St. John’s buyers navigating bidding wars and rising prices

When Guilherme Dias began looking for a home in St. John’s, he knew the process would not be easy. What he did not expect was just how competitive the market had become.

Ontario to tweak rules for mortgage brokers

Proposed changes to the rules governing Ontario’s mortgage brokers would free them from redundant due diligence when dealing with sophisticated clients and introduce an accelerated timeline for reporting compromising professional circumstances.

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