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Toronto's condo market is correcting with a 75% sales drop since 2022, record inventory, and a 13.4% price decline. Rising interest rates and higher ownership costs strain investors, causing project cancellations to surge. While affordability improves short-term, reduced new supply risks future price and rent increases. The market is expected to stay subdued as high…

To buy a home in Canada, a good credit score is essential for securing a favorable mortgage. Bad credit complicates the process, making lenders hesitant to approve applications. However, options exist for those with poor credit, such as getting a co-signer, applying with B lenders or private lenders, or considering rent-to-own agreements. Improving credit scores…

The Ontario government granted Toronto nearly $67.2 million from the Building Faster Fund for achieving 88% of its 2024 housing target by starting 20,999 new homes. This funding supports housing and community infrastructure development. The $1.2 billion, three-year program encourages faster municipal approvals to boost home construction. The government also extended the fund spending deadline…

Toronto's 2025 housing market faces challenges from rising interest rates, tight inventory, and shifting buyer preferences. Higher mortgage costs limit affordability, causing many homeowners to stay put and reducing listings. Supply shortages keep prices firm despite slower sales. Condos remain popular but require updates to attract buyers. Demand grows in suburbs with good transit. Tech-savvy…

Toronto must build nearly 32,000 extra homes annually for the next decade to return housing costs to pre-pandemic levels. The Canada Mortgage and Housing Corporation estimates 430,000 to 480,000 new units are needed yearly across Canada until 2035, doubling current construction rates. Without increased supply, home prices could rise 62% by 2035; with more supply,…