Recent Articles
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Big savings potential if you're looking to buy a home
The same factors which combined to put for-sale housing into a deep freeze might now be combining to spur renewed buyer activity. Housing affordability isn't where it was a decade ago, but prices and overall costs are down significantly.
Spring housing market yet to bloom: CREA, Royal LePage
While April showers are sprinkling parts of Canada, the country’s housing markets have yet to blossom, Royal LePage and the Canadian Real Estate Association (CREA) said, with political and economic instability keeping Canadians away.
First-time buyers are still treading cautiously this spring
With slowing sales and more choice with properties, it would seem first-time buyers have their best chance in years to step onto the first rung of the property ladder. But realtors across Canada describe the mood among first-time buyers as cautious.
The great RE correction hits the 'exerbs' especially hard
Condo prices in Toronto have indeed collapsed, but the real estate meltdown extends beyond the major urban cores to the exurbs, small towns and vacation areas, where the dream of homeownership has proven to be a devil’s bargain for some.
It’s hard to find a silver lining in the GTA real estate market
The files that land on a real estate lawyer's desk each week can uncover strengths and weaknesses that overall numbers don’t reveal. Mark Morris, Toronto-based real estate lawyer with LegalClosing.ca., is seeing everything from severe distress to flashes of optimism.
Garry Bhaura officially takes the helm at CREA
Garry Bhaura is officially the new chair of CREA, installed in the role during the organization’s annual general meeting Tuesday. He previously served as president of the Toronto Regional Real Estate Board from 2018 to 2019.
65% of Canadians 65+ report low or no downsizing options
A wave of downsizing may be building in Canada’s housing market as the population ages, but new research from Remax Canada suggests the shift will be gradual, with many older homeowners staying put due to a lack of suitable options.
B.C. home sales slump blamed on economy, global conflict
The B.C. Real Estate Association reported sales were down 3.6 per cent from the same time last year and nearly 35 per cent lower than the 10-year average, adding that home sales are slow given a “very challenging economic environment.”
Canada’s beloved FHSA has lost the plot
OPINION: First Home Savings Accounts (FHSAs) have graduated from a fledgling homebuyers’ support to a mainstream tax-free savings vehicle. They’re now so popular banks are climbing over each other with incentives. But there are unintended consequences.
Many Toronto condos were never designed to be homes
In recent years, “end users” — industry jargon for people who want to live in their condos — were often an afterthought as developers marketed many tiny units in tall glass towers to investors. But now investors are nowhere to be found.
Canada’s housing debate has a blind spot
COLUMN: In Canada, we apply a single national lens to a set of very different housing markets. In doing so, we risk solving the loudest challenges, not necessarily the most urgent ones.
Citywide union formed to represent Toronto tenants
A fast-growing tenant movement in Toronto’s northwest is set to expand citywide, launching the Toronto Tenant Union to tackle unlawful evictions and arbitrary rent increases. “The goal is to confront some of the big landlords,” a member said.
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