The Bank of Nova Scotia and the Bank of Montral have both changed their forecast for the upcoming Bank of Canada interest rate decision set to be announced on September 17.
Greater Toronto Area (GTA) REALTORS® reported 5,211 home sales through TRREB’s MLS® System in August 2025 – up by 2.3 per cent compared to August 2024.
Ontario’s housing minister is acknowledging that new home construction in the province is at a “standstill,” potentially derailing the Ford government’s pledge to build 1.5 million homes by 2031.
An RBC Economics report published in August 2025 indicates that while Canada is not in a housing slump, Ontario, particularly the Greater Toronto Area, is experiencing a significant decline in housing starts. High development and construction costs, coupled with other local factors, are contributing to the slowdown in Ontario's construction pipeline, which is seen as a major driver of the country's housing crisis and poses a threat to future housing supply.
The number of home sales recorded over Canadian MLS® Systems climbed 3.8% on a month-over-month basis in July 2025. Building on gains recorded over the previous three months, transactions are now up a cumulative 11.2% since March.
Tariff turmoil is fuelling both inflation and disinflation at the same time, but which force is greater is yet to be known. The verdict could affect thousands of would-be homebuyers or mortgage refinancers.
The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year.
A new Toronto bylaw targeting renovictions comes into effect today, requiring landlords to get a licence before carrying out repairs or renovations that force tenants to move out.
Canada’s housing market is showing signs of recovery, with a majority of cities reporting home price increases, yet a significant spike in values remains unlikely.
Toronto’s overall office availability rate remains at an elevated 20.1 per cent, and leasing rates have softened slightly during 2025. But a recent report notes conditions might soon be ripe for a major new downtown office tower.
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