The Bank of Canada has reduced its benchmark rate by 25 basis points, moving back into rate-cutting mode amid signs of a weakening economy and sluggish labour market.
The number of home sales recorded over Canadian MLS® Systems edged up 1.1% on a month-over-month basis in August 2025. It was the best month of August for sales since 2021, and the fifth straight monthly increase in activity, making for a cumulative 12.5% since March.
Economists and markets are expecting the Bank of Canada to cut its policy rate by a quarter point on Wednesday, barring any major surprises in the inflation data set to be released the day before.
The Bank of Nova Scotia and the Bank of Montral have both changed their forecast for the upcoming Bank of Canada interest rate decision set to be announced on September 17.
Greater Toronto Area (GTA) REALTORS® reported 5,211 home sales through TRREB’s MLS® System in August 2025 – up by 2.3 per cent compared to August 2024.
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.
The central bank faced a tough call amid rising inflation and continuing trade chaos
RE/MAX Ultimate Realty Inc., Brokerage
- Independently Owned and Operated - 1281 St Clair Ave. West - Toronto, Ontario, M6E 1B8 Direct Line 416-606-3271 Office 416-656-3500
Not intended to solicit properties currently listed for sale
or individuals currently under contract with a brokerage.
Privacy Policy
The material provided in the pages of this website
is for informational purposes only. Although the site owner and creators assume the
information to be correct, and attempt to keep information in the
pages of this website as current as possible, they do not warrant the
accuracy or completeness of any information included in or linked to this page.