Canada’s housing market is running hotter than just about anywhere else in the world. But despite the anxiety about irrational bidding wars and fears of the bubble bursting, what's fundamentally driving it is a worsening imbalance between supply and demand: Buyers want large homes but increasingly can’t have them because there isn’t enough space in and around the major citie...Read More

If you've been on the fence about buying a condo in downtown Toronto amid the COVID-19 pandemic — you know, to take advantage of cheaper-than-usual listing prices and historically low mortgage rates — I've got some good news: You can stop stressing out. The greatest deals have already passed, according to experts, meaning that you no longer have to weigh t...Read More

Buyers in the Toronto real estate market are routinely willing to offer a bounty of $500,000 or more in order to beat out rival bidders for a house they want. Many sellers have come to expect it. Niels Christensen, a broker with Harvey Kalles Real Estate Ltd., is bracing for a crazy spring. “I’ve seen sellers’ expectations get very, very high.” In the west end of Toronto...Read More

  If you really want to get under a Toronto resident's skin, try telling them that you had no idea the city was so huge — that you're shocked by how many people live here and all the shiny skyscrapers we have. I mean, it's in CANADA, for crying out loud; a country with more beaver dams than people!* How could any Canadian city rival a real American capital? ...Read More

Homebuyers were out in full force again in January, snapping up 6,928 homes across the Toronto region. And, according to a new forecast, this momentum out of the gate is expected to persist throughout the entire year. The Toronto Regional Real Estate Board (TRREB) released its 2021 Market Outlook this week, predicting that low interest rates, incremental economic improvements and widesp...Read More

Canada’s housing market closed 2020 with a bang — another record-setting month for both home sales and prices. The number of existing properties that changed hands in December was 47 percent higher than in December of 2019, the largest year-over-year increase in 11 years, according to data released Friday by the Canadian Real Estate Association. The benchmark price of a hom...Read More

A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families. The nation’s three largest cities -- Toronto, Montreal and Vancouver -- saw a sharp jump in the number of citizens moving to suburbs, smaller towns and rural areas, according to Statistics Canada data released Thursday. A total of 87,444 people left those three cities between ...Read More

If you think activity in Toronto’s condo market has decelerated, think again. “The information that’s not being reported, but that I see because I have to approve these and sign off on each one of them, is there are a lot of assignment sales right now,” said Sam Crignano, president of Cityzen Development Group. “This is information that isn’t reported on t...Read More

It’s safe to say that 2020 was a year like no other, and as it draws to a thankful close, it’s time to start thinking about what’s in store for Canada’s housing market in 2021. After briefly being put on hold during the outbreak this spring, Canada’s housing market has since seen record-breaking growth, which is expected to continue into the new year. But what else ...Read More

    While “905” suburban markets continued to see significant home sales and price growth last month, condos in the “416” area of the Toronto region posted sluggish sales as price appreciation moved into negative territory. The average price of a Toronto condo declined by three percent annually in November to $640,208, according to data released today by the To...Read More