Revealed: The most and least expensive rental markets in Canada in July

Although there have been signs pointing to a cooling housing market, Canada’s rental markets have never been hotter as the majority of metro areas went up in monthly value in July, according to the Zumper Canadian Rent Report. Looking into 23 of the most populous metros, Zumper.com found that 18 metro areas experienced a monthly […]

Using your RRSP as a first-time home buyer: advantages and disadvantages

For first-time home buyers, it can feel intimidating when you want to try and buy a home. Beyond the work of seeing houses and facing competition in the market, you also simply need to have enough money saved to cover your down payment. Many first-time buyers are younger and haven’t had as much time to […]

What is mortgage default insurance?

You can get insurance for almost anything you own and often it is considered a very good idea to do so. Home insurance protects thousands every year from the financial cost of damage to their property and car insurance helps to cover the costs of unexpected auto collisions. If it’s an expensive replacement or repair, […]

Canada home prices – why they’re falling

House prices are set to continue falling across Canada as a result of the current market cooldown, with the only question being by how much, according to a well-known economist. Benjamin Tal (pictured), deputy chief economist at CIBC World Markets, told Canadian Mortgage Professional that the decline in value was likely to be most evident […]

National home sales, prices fall in April

The news marks the latest stage in Canada’s housing market cooldown National home sales and prices fell across Canada in April as the country’s housing market continued to cool following two years of record-breaking activity, according to the Canadian Real Estate Association (CREA). Home resales were down 12.6% across the country from March to April, […]

What is the average age of a first-time homebuyer in Canada?

Homeownership is one of the major values that many Canadians share. After all, it’s often seen as a major milestone in one’s life to be able to buy your first home. This is not surprising when you consider the many benefits of homeownership both financially and for quality of life. Among Canadians, it’s the older […]

The average price of a GTA condo has jumped $145K from Q1-2021

Condo buyers in the Greater Toronto Area might have noticed that the price of units have jumped considerably across the region this past year. New data released by the Toronto Regional Real Estate Board (TRREB) shows that there were double-digit annual price gains between Q1-2021 and Q1-2022. The average GTA condo apartment selling price increased […]

New construction GTA condos hit record price of $1.25 million in March

While the price of a new construction condo reached record highs in the Greater Toronto Area during March, sales in the region saw a change from the market’s “breakneck pace,” of the past few months. According to the latest information from the Building Industry and Land Development Association (BILD), there were 4,115 total new home […]

Ontarians on the Move, 2022 Edition. #4 -Housing completions did increase after the 2015 Ontario population boom, but mostly outside of Toronto.

Fourth in (what I hope) will be a series on population growth, migration, and what’s going on with Ontario’s housing market. TL;DR: Although housing completions did not keep up with population growth from 2015–19, they did increase. However, despite the GTA being the prime destination for international talent, the housing completion growth largely happened outside […]

Priced out of Ontario, which market are homebuyers turning their attentions to?

Homeownership is getting out of reach for many As Ontario’s sizzling real estate market puts home ownership out of reach for many Canadians, a growing number of prospective buyers are looking west in hopes of achieving their white-picket-fence dreams. Like newlyweds Vineet Mrug and Kushbu Mistry, who relocated to Calgary from their hometown of Toronto […]

Ontario hits foreign homebuyers with 20% tax

Ontario is raising a tax on home purchases by some foreigners to 20% and making it harder to avoid as it tries to cool a scorching real estate market. The so-called speculation tax will apply to homes bought anywhere in the Canadian province by foreign nationals and foreign companies, provincial Finance Minister Peter Bethlenfalvy said […]

Ontario Unveils Massive New Transit Plans For the GTA, Including New Subway Lines

The Ontario Government laid out plans this week for two new transit lines that would further connect the GTA and the Greater Golden Horseshoe region. The province’s 30-year transportation plan, released on Thursday, details several in-the-works and planned future projects, including the construction of the controversial Highway 413. But amongst the list were two new […]

GTA home prices have increased more than 450% over 25 years

From the launch of the first iPhone, to the world’s population reaching seven billion people, a lot has changed in the past 25 years. In that same quarter-century timespan, the Greater Toronto Area’s housing market has also witnessed remarkable transformation. In its Quarter Century Market Report released today, RE/MAX Canada says that home sales have […]

Webinar for Smart Density: An Ontario Line Tour

The section on Science Centre Station at Don Mills and Eglinton has been updated with an illustration of the CreateTO proposal for the southwest and southeast corners. This article combines the speaking notes and presentation deck for my webinar An Ontario Line Tour that streamed on February 1, 2022 under the sponsorship of Smart Density, […]