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
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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
Grey County Council has approved its 2025 budget, totaling $302.4 million, with a property levy increase of 3.33%. This will raise the county portion of residential property taxes by $12.95 per $100,000 assessed value, resulting in an estimated annual increase of $37.42 for an average home. Key projects include the Rockwood Terrace Redevelopment, new paramedicRead more
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million.Read more
Mississauga is exploring plans to increase housing by allowing smaller homes and more semi-detached homes. Recent changes to city bylaws permit additional residential units like garden suites and fourplexes. The city aims to update zoning to facilitate more semi-detached homes in areas currently limited to detached homes and to adjust lot requirements for smaller detachedRead more
An affordable housing development in Mississauga has been approved despite opposition from residents. Indwell Community Homes plans to build a four-storey, 51-unit apartment building at 1639 Lakeshore Rd. W, with commercial space on the ground floor. The project, funded by the Canada Mortgage and Housing Corporation and Peel Region, aims to open in 2025. ConcernsRead more
Over 32,000 households in Mississauga, Brampton, and Caledon face wait times of up to 20 years for affordable housing, according to a report from the Region of Peel. More than 8% of residents live in poverty, with a significant increase in demand for social services and food assistance. The region is urging the province toRead more
Double-digit condominium inventory growth in Toronto reflects increased seller participation as buyers anticipate future rate cuts.Average condominium prices in Greater Toronto fell by 2% compared to the previous year, reaching ~$733KRead more
