Pre-construction condo sales fell to levels not seen since the 1990s; delays rise and launches get more selective. GTA avg prices stabilizing between $1M and $1.03M, with historically high inventory and modest growth. Condo oversupply: small units start ~$400K; larger 2-3 bedroom units span $600K to $1.2M. Key risks: appraisal gaps, slowed assignment sales,...
Home sales in the Greater Toronto Area declined 6.3% year-over-year in February, with average prices down 7.1% to about $1 million. New listings fell 17.7%, reducing inventory by 2.4%. Buyers are waiting for prices to stabilize, but constrained supply may increase competition and prices later. All property types saw fewer sales, with condos dropping 12%. Pent-up demand and hopes for positive trade news...
GTA’s mood shifted in 2026—less reacting to change, more confidently settling into it. Cranes still dominate the skyline, but development now emphasizes integration over nonstop expansion. Housing costs remain tough; average GTA home prices hover near $1 million in 2026. Toronto’s 2026 mood feels pragmatic: slower housing growth, steady demand, and...
Canada's major housing markets remain subdued with buyer-favorable conditions due to demographic challenges and high inventory. Calgary faces a 6.4% sales drop amid record new home construction and elevated supply. Vancouver shows slight sales gains but ongoing price declines with a 6.8% year-over-year drop. Toronto experiences continued sales declines and a 7.9% price fall. Montreal maintains...
تواجه أونتاريو تأخيرات في البنية التحتية بسبب مشكلات في القدرة على التنفيذ، مما يؤثر على تطوير المساكن وتنافسية المنطقة. تشمل التوصيات توحيد مواصفات البناء، طرح المناقصات المبكرة، معالجة التصاريح بشكل متوازٍ، فرض رسوم...
Buying your first home in Ontario involves navigating legal complexities. Key tips for first-time homebuyers include hiring a real estate lawyer early to review documents and protect your interests, understanding the Agreement of Purchase and Sale, conducting a title search, and reviewing mortgage documents. Be aware of land transfer tax and potential rebates, include home inspection clauses, and review...
Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for...
Average condo price now $626,650, down from just under $800,000 four years ago. GTA condo sales last month ↓ to 1,088, more than 60% lower than four years earlier. In $700K-$800K range, sales went from 784 in Feb 2022 to 88 in Feb 2026. Preconstruction buyers may owe up to hundreds of thousands if appraisals come in low; some walk away, face...
Toronto's 2026 new home market sees condo sales at 1990s lows, project delays, and oversupply, while low-rise homes remain more stable. Average home prices are around $1 million. Growth areas include Scarborough, Port Lands, Vaughan, Mississauga, and Etobicoke. Buyers are advised to choose financially stable developers and be cautious of appraisal gaps, assignment sale issues, mortgage shocks, and...
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day....
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