TORONTO, ONTARIO, July 3, 2026 – Greater Toronto Area (GTA) housing market conditions continued to improve in June, with sales growing quite strongly year-over-year while new listings declined over the same period. For the first half of 2026, sales have also edged higher compared to the first six months of 2025, with new listings down substantially. “After a slow start in the first quarter, we...
Toronto’s condo affordability is at 2019 levels, according to a new report from RBC Economics. Single-family homes not so much. By May Warren, Housing Reporter As prices sink, Toronto condos have returned to 2019 affordability levels, according to a new report from RBC Economics. “Condo prices in Toronto have fallen faster than most other markets, and that is happening while incomes have...
Toronto City Council has passed a motion to hike the land transfer tax on home sales above $3 million as the city looks for additional revenue. The move means those buying a home worth $3-4 million will pay a 4.4 per cent Municipal Land Transfer Tax (MLTT). That amount will increase on a scale, with anyone buying a home worth more than $20 million paying an 8.6 per cent tax to the city. Chow said she...
The Bank of Canada's recent and anticipated rate cuts in 2025 are expected to influence home buying in several ways, primarily by improving affordability and stimulating demand. However, the extent of the impact depends on various factors, including the pace of rate cuts, economic conditions, and potential external risks like U.S. tariffs. Here's a detailed breakdown: 1. Lower Borrowing Costs...
March pdf home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the average March home price compared to last year’s...
Compare listings
Compare