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First-time homebuyers consider cottage living, scaled-back weddings

1 week ago

First-time buyers consider cottages, scaled-back weddings

Almost half of first-time Canadian homebuyers are considering a recreational property to enter the market, and over 80 per cent would scale back wedding plans for a bigger downpayment, according to two reports. High housing prices are to blame.

Residential building permits fall; weak multifamily activity

The value of residential building permits in Canada fell 3.3 per cent in March to $8 billion, as weaker multifamily construction intentions in Ontario and Quebec more than offset gains elsewhere, according to Statistics Canada.

Neighbours cry foul after builder applies to double fourplex

After a detached home in Toronto's Mimico neighbourhood was sold in 2024, construction started on a four-unit residential building, which didn’t require any special permissions under new city rules. But the owner now wants to build eight units.

Brampton rejects two large housing projects

Two development applications that would have brought over 300 new homes to Brampton were rejected after residents called for the plans to be scrapped. Locals were cornered the development would put strain on infrastructure, along with traffic and safety concerns.

Combining units is no easy fix for record condo inventory

Developers may be sitting on a record amount of inventory in Toronto, but experts say combining units to offer larger floor plans is not feasible as a way to start moving the stock they have.

Fixes Ontario needs to accelerate homebuilding

OPINION: Despite the urgent need to dramatically accelerate homebuilding, a new report done for RESCON shows that housing starts have declined sharply and industry job losses are mounting. The data is sobering. 

A Bay Street condo just sold at a $350,000 loss

A condo purchased in December 2021 on Toronto's Bay Street Corridor for $1.03 million sold at a whopping $347,000 loss this month. Buyers know the condo market is in “a tough spot,” Toronto realtor Kylie Walters said.

Why dozens of properties in London are up for bidding

More than two dozen London, Ont. properties have hit the market at bargain-basement prices – sort of. City hall has opened public bidding on properties with years of unpaid taxes, with the minimum bid set at the amount owed.

In the GTA, prices continue to slide in a 'skittish market'

House hunters in the Toronto-area real estate market have picked up the pace in recent weeks, with a modest increase in sales and some spirited bidding wars. Despite the renewed energy, buyers and sellers both remain capricious.

Ottawa housing starts down 39% year-over-year in April

Ottawa has seen a slow start to the year when it comes to new housing, according to the Canada Mortgage and Housing Corporation. Housing starts in the capital were down 39 per cent year-over-year compared to April 2025.

Lower Mainland home sales stay weak but steady

B.C.'s Lower Mainland housing market story was more of the same in April as home sales and prices remained weak but steady, while resale market listings increased. New listings in April increased 1.3 per cent.

April home sales down across New Brunswick

Home sales in New Brunswick were down significantly last month compared to April 2025, with 789 units sold, down 13 per cent from the same time last year, according to recent data from the Canadian Real Estate Association.

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