Ontario’s housing goal faces challenges: The province is unlikely to meet its target of 1.5M homes by 2031. Major barriers to construction: Rising costs, high interest rates, taxes, and bureaucratic delays are stalling housing developmentRead more
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Greater Toronto home sales slightly decreased in December, with 3,359 homes sold, down 1.8% from the previous year. The average selling price fell 1.6% to $1,067,186, while new listings rose 20.2% to 4,681. In Toronto, sales dropped 6.7%, but increased by 1.1% in the rest of the GTA. The market is expected to transition inRead more
Homebuyers in the Greater Toronto Area (GTA) are gaining negotiating power as new listings surged in 2024, outpacing sales and increasing inventory. This trend is expected to continue into 2025, benefiting first-time buyers due to declining borrowing costs. TRREB reported a 2.6% rise in home sales and a 16.4% increase in new listings, while theRead more
Create a detailed asset inventory, including property, bank accounts, investments, and digital assets for your estate.Create a will to determine asset distribution; appoint an executor, beneficiaries, and a guardian for children.Read more
Rent inflation is expected to slow with reduced immigration and weaker population growth. Immigration targets reduced by 20%, affecting temporary residents who are primary renters.Read more
Ontario offers numerous appealing retirement destinations, featuring stunning natural scenery, low crime rates, and quality healthcare. Notable small towns include Niagara-on-the-Lake, known for its wineries and historical sites; Collingwood, ideal for outdoor enthusiasts; and Innisfil, with its recreational programs for seniors. Other highlights are Owen Sound's waterfalls, Bracebridge's lakes, and Peterborough's blend of city andRead more
Canadian home prices set to rise 6% in 2025, reaching $856,692 by Q4. Single-family home prices will rise 7% to $900,833, while condos rise 3.5% to $605,993.Read more
Ontario's housing market is dominated by apartments, comprising 83.72% of new home sales, signaling a growing urban trend. Single-family homes rank second in Ontario, representing 10% of new sales, highlighting suburban preferences.Read more
Ontario lowers new housing projections for coming years, missing its 1.5M home target. 2024’s target of 125K homes has been reduced to 81,300 due to economic factors.Read more
The City of Vaughan's 2025 budget and 2026 financial plan were adopted during a special council budget meeting on December 17. Continue to full articleRead more
