CMHC 2025 Mid-Year Rental Market Update – GTA Spotlight!  

The real estate market is buzzing with insights from CMHC’s latest mid-year rental market update, offering a comprehensive look into how the GTA is evolving. Here’s what you need to know about homes and condos for rental, excluding purpose-built units. 

Key Trends in the GTA Rental Market

- Rents Are Easing: Condo rents in the GTA have dropped 3.7% year-over-year, showing increased competition in the secondary market.

- Vacancy Rates Are Rising: Landlords are taking longer to fill units as tenant mobility slows, and inventory...

Why Now is the Perfect Time to Buy a Home in Ontario!

Are you dreaming of owning a home? The current real estate market is offering incredible opportunities for buyers.

Here’s why you shouldn’t wait:

Prices are Down: Ontario’s home prices have dropped by 6.3% compared to last year, creating amazing affordability. In the GTA, the average home price is down nearly 4%—this is your chance to secure a better deal!* February’22 Avg. home price recorded in TRREB was $1,334,544 February’25 Avg. home price recorded in TRREB was $1,086,685 That is a drop of around 19% in 3 years.

More Choices...

Why Now is the Perfect Time to Buy a Home in Ontario!

Are you dreaming of owning a home? The current real estate market is offering incredible opportunities for buyers.

Here’s why you shouldn’t wait:

Prices are Down: Ontario’s home prices have dropped by 6.3% compared to last year, creating amazing affordability. In the GTA, the average home price is down nearly 4%—this is your chance to secure a better deal!* February’22 Avg. home price recorded in TRREB was $1,334,544 February’25 Avg. home price recorded in TRREB was $1,086,685 That is a drop of around 19% in 3 years.

More Choices...

A GTA renters’ market? Here’s how fast rents are dropping in Mississauga, Brampton, Oakville, Oshawa and other Toronto area cities

The GTA may have just entered a renters’ market.

Amid record rates of population growth, an influx of new housing supply last year brought down asking rent prices for condo apartments.

Prices dipped in the City of Toronto across apartment types — from studios to three-bedroom units — but it wasn’t the only municipality in the region to see prices soften.

Toronto Regional Real Estate Board (TRREB) data on condo apartment transactions in the third quarter of...

Housing market poised for 2025 comeback as lower rates unleash pent-up demand

“The big thing is first-time homebuyers are back and are going to continue to get into the market,” said Re/Max Canada president Christopher Alexander.

As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

But the lag in 2024 lasted longer than some expected, with the Bank of Canada waiting until June to deliver the first of the year’s five interest rate cuts. While buyers stormed back...

Falling interest rates may boost Toronto real estate, but pandemic impacts cloud the outlook. High job losses and costs hurt affordability. Can rate cuts help?

Impact of Interest Rate Cut on Real Estate Market

The recent decision by the Bank of Canada to slash its benchmark interest rate by a significant 50 basis points marks a pivotal moment for the real estate market in the Greater Toronto Area (GTA). This rate cut, coupled with the cumulative 175 basis point reduction since early June, has the potential to breathe new life into a housing market that has faced challenges in recent...

Governments reap nearly four times more than builders in taxes, levies and development fees for each new home that’s constructed

Author of the article:

Neil Sharma, 

Published Dec 04, 2024    

Blame bureaucrats for taxes that comprise 35.6% of the price of a new home in Ontario

A report from the Canadian Centre for Economic Analysis calculates that taxes, levies and development fees now account for 35.6 per cent of the price of a new home in Ontario. 

The National Post previously reported that at least a third of a new home’s sticker price in Ontario was comprised of taxes, but an updated...

Toronto Regional Real Estate Board, has just released market outlook on the real estate

https://market-outlook.trrebwire.ca/?utm_source=eblast&utm_medium=email&utm_campaign=2024-MYIR-080224&utm_id=TRREB%20MYIR%202022&utm_term=2%2F8%2F2024

Highlights from the 2024 Rental Market Report

1. National Rental Landscape: Despite an increase in overall rental unit supply, demand outpaces supply for the second consecutive year. Canada is experiencing record-low vacancy rates (1.5%) and record-high average rent growth (8.0%) in 2023, creating competitive rental conditions across major markets.
2. City-Specific Market Trends: Toronto, Montréal, Calgary and Edmonton witness significant declines in vacancy rates, while Vancouver and Ottawa maintain stability. Rent growth accelerates in major markets, with Calgary and Edmonton...