CP24 | Real Estate News

The moderation of the Greater Toronto Area's housing market intensified last month as the region's real estate board found July sales fell 47 per cent from the same time last year and 24 per cent from this past June. 3

New condominium sales in the Greater Toronto Area declined in the second quarter of 2022 as prices climbed to a record high in April, May, and June. 4

A ‘historic’ housing correction is now underway in Canada and costlier markets in Ontario and British Columbia are likely to be the ‘epicentre’ of the downturn, a new report from RBC suggests. 1

New data is revealing how much money Toronto residents need to make in order to afford to purchase a home in the city. 2

The Greater Toronto Area is facing an “unprecedented surge” in the number of terminated condo real estate listings, which indicates that the region’s housing market is continuing to slow down, experts say. 1

GTA rent prices rose by “the fastest pace on record” in the second quarter of this year with the average one-bedroom unit being leased out for nearly $2,200 a month, a new report has found.

Toronto's top housing official is calling for an end to a loophole that allows landlords to hike rents between tenants as part of a new "renoviction" policy that will be considered by city council today. 1

A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year. 1