Home sales in the Greater Toronto Area fell last month, along with new listings and average selling prices, as TRREB believes potential buyers are waiting for the market to bottom out before making a move.
Recent federal mortgage rule changes are already expanding the reach of Canada’s insured mortgage market, with mortgage insurers pointing to a surge in first-time buyer activity and renewed demand in high-cost regions like the Greater Toronto Area.
Ontarians are increasingly likely to blame government-imposed costs – not just market forces – for making housing unaffordable, according to new polling released by OREA.
The Bank of Canada opened the door to future rate hikes even in a soft economy, a message that underscores just how uncertain the path ahead remains for mortgage borrowers.
The Canadian Real Estate Association reports that January home sales dropped 16.2% year over year and 5.8% from December (seasonally adjusted), largely due to a major winter storm affecting southern Ontario. Meanwhile, new listings rose 7.3% month over month. By the end of January, 140,680 properties were listed on Canadian MLS systems—up 4.5% from a year earlier but still 11.4% below the long-term average for that time of year.
Ontario’s homebuilding industry showed signs of life in the first month of the year, with housing starts finally improving after years of persistent decline in the face of cratering pre-construction sales.
Getting your mortgage renewed can be stressful for some homeowners, but getting a non-renewal from your lender can take that stress to a whole new level.
Asking rents in Canada fell two per cent year-over-year in January to an average of $2,057, marking the 16th consecutive month of annual rent decreases.
The Toronto Regional Real Estate Board’s (TRREB) 2026 Market Outlook and Year in Review report highlights a housing market shaped by improved buyer choice and affordability, alongside cautious consumer sentiment across the Greater Toronto Area (GTA).
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