Urbanation's Q1-2025 Condominium Market Survey released today confirms what many already know: that Toronto's condo market continues to be in a free fall.The free fall began in the first half of 2024 and is largely the result of historically low demand driven by high interest rates and over supply (...| Storeys
Explore how buying new construction works in Canadian real estate, including timelines, warranty coverage, and key legal and financial considerations.| Storeys
On Tuesday, Vaughan Mayor Steven Del Duca and Members of Council approved substantial reductions in development charge rates in the name of encouraging development and building more homes for their growing population.Before the reductions, Vaughan had some of the highest development charges in the G...| Storeys
A report released Wednesday finds that the GTA is on track to amass a roughly 235,000-unit deficit in purpose-built rental (PBR) housing supply over the next 10 years, made up of the current and projected shortfall in units. Using comparative pro forma analysis, the report also shows how far targete...| Storeys
Learn about development charges in Canadian real estate — what they fund, who pays, and why they’re key in urban growth.| Storeys
Despite constant calls to build, build, build and a recent boom in purpose-built rental (PBR) projects, the narrative is still the same: Ontario is not building rental units fast enough to meet rising demand."Without a significant improvement in the economic feasibility of building purpose-built ren...| STOREYS
In its 2024 Top-Tier End-of-Year Real Estate Report, Sotheby's International Realty Canada describes this past year as having been a "tumultuous landscape" for luxury real estate. In closing out the quarter-century, Sotheby's highlights political and economic uncertainty, housing taxes, sweeping reg...| STOREYS
At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| Storeys
2024 was a remarkably tough year for new condos in the Greater Toronto and Hamilton Area — and anyone invested in them. This is evidenced by the fact that 14 condo projects were cancelled in 2024 alone, according to data provided to STOREYS by research and consultancy firm Urbanation. Those projects...| Storeys
Despite the fact that we’ve seen things perk up in the housing market, generally speaking, the Greater Toronto and Hamilton Area’s new condominium segment remains remarkably sluggish — in large part, because developers have “dramatically pulled back” as they see that buyers aren’t willing (or aren’t...| Storeys
In June, Toronto Regional Real Estate Board (TRREB) reported more than an 80% year-over-year increase in active condo listings. This month, the market continued in its lopsided fashion with July seeing a nearly 64% increase in active condo listings compared to the same month last year.Active condo l...| Storeys
Learn what interest rate means in Canadian real estate, how it works in holding deposits and documents, and why it's important for a secure property transaction.| Storeys
Understand what equity means in Canadian real estate, how it's built over time, and why it’s an essential part of homeownership and financial planning.| Storeys
New condo launches have been sparse in the Greater Toronto and Hamilton Area amid the higher interest rate environment. In fact, there was just one high-rise condo launch to speak of in the first few months of this year, which is atypical for the region. And it seems that things have gone from bad t...| STOREYS