Toronto-area home sales plunge as higher interest rates cool market

Toronto-area home sales plunge as higher interest rates cool market

Higher interest rates have taken a bite out of the Toronto area’s seemingly insatiable appetite for real estate, with sales and home prices continuing to soften in April. Prices were still climbing on a yearly basis last month — up 15 per cent over April 2021, according to the Toronto Regional Real Estate Board (TRREB) … Read more

Housing auctions catching on as calls for transparency grow

Housing auctions catching on as calls for transparency grow

Bev Holt hates the cutthroat competition that comes with the blind-bidding of the Toronto-area real estate market. So when she was preparing to sell her Burlington semi last year, Holt was receptive to her real estate agent’s suggestion that she put her house up for auction. As a seller, Holt didn’t want the pressure of … Read more

Six ways the federal budget on housing could affect the GTA

Six ways the federal budget on housing could affect the GTA

There is no silver bullet for Canada’s housing woes, federal Finance Minister Chrystia Freeland cautioned while delivering the federal budget this week — a road map that includes an array of pitches to build more homes, stifle flippers, and overhaul housing programs that have faced scrutiny. The Toronto area has felt the weight of overlapping … Read more

Ontario housing bill takes aim at city planning rules to drum up home supply

Ontario housing bill takes aim at city planning rules to drum up home supply

The Ontario government has laid out a four-year plan to address the province’s housing crisis, including a slate of changes to municipal planning rules that Premier Doug Ford’s government says are required to get more homes built faster and slow galloping house prices. But the legislation being tabled by Municipal Affairs and Housing Minister Steve … Read more