Greater Toronto real estate took one step forward and two steps back last month. TRREB data shows home sales climbed in July, hitting a 4-year high for the month. Firming home sales are an improvement, but it was far from a market recovery. Any progress was overshadowed by a sharp price drop and a new […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Growth: Fictional Rent Fuels Over $1 In $10, More Than Oil Canada’s economy is still growing—but the quality of that growth is questionable. Over 1 in 10 dollars of real GDP growth in the past year came from imputed rents, […]
Greater Toronto real estate demand continues to collapse and new homes are not immune. BILD and Altus Group data reveals new home prices climbed in June, with both single-family homes and condo apartments seeing an increase. The move was somewhat unusual considering it was the weakest sales on record for the month, combined with the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate How Canada’s Slowing Population Growth Is Fixing The Job Market Canada was warned that slowing population growth would hurt its economy—but it might be helping. Its rising unemployment rate wasn’t the result of job losses, but the inability for the market to […]
Toronto real estate is finding out it’s not invincible, after all. New Equifax data reveals Toronto CMA’s mortgage delinquency rate surged in Q1 2025. While rising delinquencies are a national story, this is very different from the normalization seen in other Canadian markets. Over the past few years, Toronto’s delinquency rate has more than tripled […]
Canadian mortgage delinquencies continued to rise sharply in Q1 2025, according to Equifax. While the rate remains historically low, it’s climbing fast. The trend was driven largely by Toronto, where delinquencies have hit one of the highest levels in decades, even as other major markets remain well below the national average. Canadian Mortgage Delinquencies A […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Most Affordable In Years, Still Near 90s Bubble Peak: RBC Canadian real estate is the most affordable in 3 years, but it remains at one of the worst levels in history. A new report from RBC shows that a […]
Greater Toronto’s real estate industry may be optimistic about “firming,” but buyers disagreed last month. TRREB data shows real estate prices made a sharp downtick in June, after months of waiting for the market to firm. Last month’s sales marked the weakest June sales in 25 years, and its highest inventory on record. The board’s […]
Greater Toronto real estate developers found no relief from the market rut in May. BILD GTA and Altus Group data shows new home sales hit a record low in May, marking an 8th month of historically weak demand. Even though just a handful of new homes sold in a city of millions, sellers have been […]
Canada’s reputation as a stable destination for wealth is quickly fading. H&P and New World Wealth (NWW) data shows the number of millionaires looking to migrate to a new country sharply increased in 2025. Despite the increase, Canada will see its net flow of HNWIs plunge, a sign its quality of life proposition is weakening. […]
