According to a housing affordability task force, created by the provincial government in 2021, Ontario has to act fast and actively in order to build more properties and solve the province’s housing crisis, by raising density and reducing consultations and appeal possibilities. The task...

The GTA is now considered to be Canada’s most expensive housing market. Toronto has outpaced Vancouver, which had been country’s priciest place to purchase a property for decades. The benchmark MLS Home Price Index for Toronto rose by 4.3% (or $52,000) from December to...

Canadian housing hunters don’t seem to be scared by future interest rate hikes at all. The recent poll by Nanos Research Group for Bloomberg News shows that optimism about Canada’s real estate market almost reached a record high level last week, even in spite...

Last month, Canada’s labor market faced a stronger-than-expected setback as the nation was hit with another wave of lockdowns aimed at fighting the omicron variant of COVID-19. According to Statistics Canada, the national economy lost 200,100 jobs in January, marking an end of a...

In January, housing affordability in the GTA kept worsening, as a significant lack of supply increased the competition between homebuyers. According to the Toronto Regional Real Estate Board (TRREB), home sales were down by 18.2% annually last month, with 5,636 sales reported. While home...