Ontario’s housing minister is acknowledging that new home construction in the province is at a “standstill,” potentially derailing the Ford government’s pledge to build 1.5 million homes by 2031.
An RBC Economics report published in August 2025 indicates that while Canada is not in a housing slump, Ontario, particularly the Greater Toronto Area, is experiencing a significant decline in housing starts. High development and construction costs, coupled with other local factors, are contributing to the slowdown in Ontario's construction pipeline, which is seen as a major driver of the country's housing crisis and poses a threat to future housing supply.
The number of home sales recorded over Canadian MLS® Systems climbed 3.8% on a month-over-month basis in July 2025. Building on gains recorded over the previous three months, transactions are now up a cumulative 11.2% since March.
Tariff turmoil is fuelling both inflation and disinflation at the same time, but which force is greater is yet to be known. The verdict could affect thousands of would-be homebuyers or mortgage refinancers.
The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year.
A new Toronto bylaw targeting renovictions comes into effect today, requiring landlords to get a licence before carrying out repairs or renovations that force tenants to move out.
Canada’s housing market is showing signs of recovery, with a majority of cities reporting home price increases, yet a significant spike in values remains unlikely.
Toronto’s overall office availability rate remains at an elevated 20.1 per cent, and leasing rates have softened slightly during 2025. But a recent report notes conditions might soon be ripe for a major new downtown office tower.
Most Canadian mortgage holders renewing their mortgages in 2025 or 2026 are likely to see an increase in their monthly payments, a recent report by the Bank of Canada says.
The number of home sales recorded over Canadian MLS® Systems rose 2.8% on a month-over-month basis in June 2025, building on the 3.5% gain recorded in May.
More than a quarter of Canadian renters considered buying before signing or renewing their current lease, according to a new Royal LePage survey, but most ultimately chose to wait.
Canada’s big banks are divided on how much further the Bank of Canada will cut, with RBC now saying the rate has likely bottomed, while others still expect more easing ahead.
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.
Canada’s housing agency says advertised rents in some major cities are easing due to factors such as increased supply and slower immigration, but renters are still not feeling relief.
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