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Real Estate News

Toronto

Toronto city council has strengthened its short-term rental bylaw to close regulatory loopholes. Changes include higher registration fees, increased host vetting, and more inspectors. T...

Toronto's vacant home tax will continue despite opposition from five councillors, but changes are planned for the 2024 taxation year. Mayor Olivia Chow acknowledged the program's flaws...

The Ford and Trudeau governments may clash over housing policy as Ontario plans to change fees for homebuilders, leading to higher costs. The proposed legislation revokes previous chang...

High interest rates, inflation, and a tough job market have not stopped the GTA real estate market from thriving. Property prices are rising, with increased competition and multiple off...

In March 2024, Ontario's housing market saw a decrease in home sales but an increase in new listings, leading to a rise in inventory. The average price of resale homes continued to go u...

Toronto's Vacant Home Tax program will continue for another year despite calls for cancellation. City council voted to revamp the program after a flawed rollout led to many property own...

A proposed residential building near Toronto's Bathurst and Bloor intersection was rejected by the City due to local opposition. The project aimed to bring affordable housing to the are...

The baseline salary needed to finance a standard home in Toronto has increased, reaching $217,500 in March. Toronto saw the largest jump in required income compared to other Canadian ci...

The average rent for a one-bedroom apartment in Hamilton increased slightly last month but is lower than a year ago. Two-bedroom units also saw a decrease in rent compared to last year....

In Q4 2023, the Greater Toronto Area saw a decrease in total dollar volume from the previous year. While the industrial sector remained stable and the hotel sector showed recovery signs...

New data from Ontario's rental housing tribunal shows that a small number of corporate landlords are responsible for most applications to raise rents above provincial guidelines. This c...

Toronto's Vacant Home Tax has caused chaos with over 100,000 mistakenly issued charges for 2023 being reversed. City Council is considering changes to the tax's implementation. Some cou...

Recently, a property was sold with a condition that the buyer's home must also be sold. This type of condition was common in the early 2000s but became rare as the market became more ac...

Some Toronto councillors are urging the province to change a rule that hinders the city from buying land from the public school board for housing. The current rule requires all land to...

Oshawa and Durham Region have seen significant increases in house prices over the past 10 years. The average home price in the region has risen substantially, with prices in various mun...

Monthly average prices for detached homes in Mississauga have shown increased volatility over the past two years, with this trend continuing in March.

New statistics show that 18% of office space in Toronto's downtown core was vacant in the first quarter, a significant increase from pre-pandemic levels. The rise in vacancies is attrib...

Ontario Construction News staff writer Calandra announced the upcoming release of an updated Ontario Building Code. The new legislation aims to reduce bureaucracy, accelerate housing pr...