In May 2025, demand for new homes in Greater Toronto hit a new low. Developers sold just 345 new homes that month—64% fewer than a year earlier and a staggering 87% below the ten-year average. This marks the eighth straight month of historically weak sales across a region of over seven million people.

Greater Toronto’s real estate industry is pointing to rising crime as a reason for sluggish home sales. In June, the number of homes sold hit its lowest point in 25 years, while the number of homes available for sale reached an all-time high. Prices also dropped sharply—about 1.8 percent in one month—bringing the average typical home price below \$1 million for the first time in over four years.

When you own a condo, your financial planning looks a little different than it does for someone in a single-family home. You’ve got association fees, shared maintenance responsibilities, and building-wide rules to think about. But one thing is the same: the idea of paying off your fixed-rate mortgage early can be appealing. It means less interest over time, more financial freedom, and a path toward building wealth faster.

Nearly half of homeowners who face renewing their mortgage in the next year expect their monthly payments to rise. A recent survey found that 57 per cent of these homeowners believe the renewal will affect their living situation, with 73 per cent of those saying they’ll need to cut back on spending. Even though the Bank of Canada has lowered its benchmark interest rate recently, borrowing costs remain much higher than before 2022.

Average asking rents across Canada dropped by 3.3 percent in May, compared with the same month last year. The national average asking rent is now $2,129—this marks the eighth straight month in which rents have fallen on an annual basis.

Living in a small condo doesn’t mean sacrificing comfort or style. With more people choosing smaller homes in big cities, making the most of limited square footage has become a top priority. Many condo owners are learning how smart interior redesigns can turn a tight space into a modern, functional home that feels much larger than it really is.

Danish design studio SLA and engineering firm GHD have won a major contract from Waterfront Toronto to plan the infrastructure and streetscape design for what was formerly known as Villiers Island, now renamed Ookwemin Minising. The project covers about 48 acres of developable land and is part of one of Toronto’s most ambitious flood-protection and river restoration projects to date, with the first residents expected to move in by 2031.

Tomorrow, Toronto’s Planning and Housing Committee will take up a major proposal to allow six‑unit buildings—sometimes called “sixplexes”—and to expand housing within existing apartment sites across most of the city. This change is aimed at making better use of areas already supported by transit and public services. It builds on earlier work that legalized fourplexes city‑wide and piloted sixplexes in Scarborough North.

Renovating a condo is an exciting project, but it can quickly become overwhelming without a solid plan. Whether you're updating an older unit or making changes to better fit your lifestyle, the key to a smooth condo renovation is careful preparation. Unlike a house, a condo comes with shared walls, neighbors, and rules set by the condo association. That means planning isn’t just helpful—it’s necessary.

Canada’s economy shrank slightly in April, with monthly GDP falling by 0.1 percent—worse than the earlier estimate of 0.1 percent growth and below expectations for flat results. Eight out of twenty sectors recorded declines, led by goods-producing areas like manufacturing, which dropped by 1.8 percent, and wholesale trade, which also slipped. This dip mainly came from businesses rushing activity into earlier months to get ahead of new U.S. tariffs, making April appear slower in comparison.

This elegant four-bedroom, five-bathroom house sits in the heart of Rosedale, one of Toronto’s most prestigious neighbourhoods. It’s listed for $5,995,000 and blends traditional charm with modern luxury. The moment you walk in, you feel the calm of high ceilings, plenty of natural light, and spaces designed for both family life and visiting guests.

As summer stretches into August and September, many homes start feeling hotter than ever. The sun is stronger, humidity is higher, and your air conditioner may be running almost nonstop. If your energy bill has gone up or your house still feels warm even with the AC on, your cooling system might be working harder than it should. This puts pressure on the unit, wastes energy, and shortens its lifespan.

Just in time for Pride Month, Hazelview Properties has achieved a historic first: its Story of Midtown Toronto rental building at 73 and 75 Broadway Avenue is now the first residential rental property in Canada to earn the Rainbow Registered accreditation from the 2SLGBTQI+ Chamber of Commerce. The recognition marks a milestone for inclusive housing and signals a shift toward greater visibility and safety in the rental sector.

The City of Calgary has launched a new development incentive program that pays building owners to turn empty office space into places that new businesses and institutions can use. It started in 2021 for residential projects with a grant of $75 per square foot. In March 2023, the city expanded the scheme to include office-to-post-secondary conversions, offering $50 per square foot for space converted into educational use.

August weekends are hot, slow, and perfect for staying home. But instead of sitting indoors all day, why not use the time to get creative and improve your space? Simple DIY projects are a great way to beat the heat while still being productive. You don’t need fancy tools or professional skills. All you need is a little time, some basic materials, and a bit of motivation.

In the first quarter of 2025, Canadian house prices edged lower as demand continued to cool across major regions. Sales remained sluggish and inventory levels rose, reinforcing early signs of a buyer’s market in several cities. A report from economists warned that corrections in housing tend to stretch out over years—not months—and with prices down over 3 percent compared to last year and nearly 18 percent below the 2022 peak, they expect sluggish pricing ahead unless demand picks up.

Canadians are now leaving their country in record numbers, and the trend is sharply accelerating. In the first quarter of 2025, about 27,100 citizens and permanent residents permanently moved abroad. That marks the second-highest Q1 in history, only behind 2017, and it followed the same 3% year-on-year growth seen across all of 2024. Over the twelve months up to the end of Q1 2025, total emigration reached around 106,900 people—only slightly below the level seen in 2017 and up 3% from the prior year.

After months of backyard barbecues, kids running around, lawn games, and sun-soaked afternoons, your yard is probably showing signs of wear. Dead patches, thin grass, soil compaction, and dried-out spots are common once summer ends. All that fun can leave your lawn looking tired and in need of some serious recovery.

Canada’s home builders kicked off roughly 47,300 new homes in the first quarter of 2025. That is about 10 percent fewer than the same time last year and the slowest quarterly pace since early 2023—8.6 percent below the five-year average before 2020. At first glance, the slowdown in construction might set off alarm bells.

After three years of searching, a young couple finally landed their first home in Toronto. They’d faced bids falling through, bidding wars, and brutal competition in an unforgiving market. When their offer was finally accepted and the deal closed, it felt like a triumph—but what happened next helped them see the housing crisis in a new light.

Calgary’s city leaders have unveiled a new Industrial Action Plan aimed at fueling growth in the industrial sector. The plan is part of an updated Citywide Growth Strategy and introduces a proposed incentive program, faster approval processes, and changes to land-use and zoning rules. The goal is to draw in more businesses in sectors like manufacturing, warehousing, transportation, and logistics.

Toronto-based developers Achille Developments and DBS Developments have joined forces to plan a 33-storey mixed-use tower near the Scarborough GO station, located at 614 Danforth Road in the Clairlea‑Birchmount neighbourhood. This new development aims to replace a single‑storey auto body shop currently on the site, offering a more densely built environment aligned with city planning goals. The proposal was formally submitted in early May, seeking a zoning by‑law amendment to allow for the increased height and mixed use.

If your herb garden is overflowing, you’re not alone. Late summer often brings a sudden rush of fresh herbs—basil, mint, thyme, parsley, rosemary, and more. It’s great at first, but when your counters are covered and your recipes can’t keep up, it’s time to think beyond daily cooking. Herbs grow fast and fade fast, so you need smart ways to save what you’ve grown.

Canada’s housing market is expected to remain muted, with home prices likely to stay subdued in the coming months. BMO Capital Markets recently released a report warning that rising inventory and weak sales suggest little recovery in pricing pressures. Despite a small uptick in sales, the ratio of sales to new listings—the key gauge of pricing pressure—remains flat, signaling a slow market ahead.

When buying a so-called “detached” home in Toronto built in the 1970s or 1980s, you might want to double-check what you’re actually getting. Homes that look fully standalone above ground may in fact be built on shared foundations or garages. These are often marketed as detached, but under the rules they’re technically a semi-detached structure—a detail that can affect resale value and zoning compliance. Real estate and legal experts are warning buyers to tread carefully.