Author: homegoal.ca

Just steps from the cerulean shores of Lake Huron, along one of Bayfield’s most coveted stretches, 62 Tuyll Street is an extraordinary example of contemporary architecture shaped by mid-century sensibilities — all set against a backdrop of mature trees, golden sunsets, and cool lake breezes.Currently listed for $2,650,000, this architect-designed residence occupies a rare double corner lot and offers more than 3,000 sq. ft of highly intentional, gallery-like living space. Every inch of the home has been crafted with design lovers in mind, from its cedar-lined ceilings to the bespoke terrazzo countertops.Inside, the design choices are a lesson in contrast…

Canadian real estate markets aren’t a buying opportunity—yet, according to BMO. In a research note to investors, the bank warned major cities are reporting home sales cooled further in May. These markets are also seeing inventory accumulate, leading to a demand balance that typically sees prices fall. Sellers resisting price cuts in hopes rate cut stimulus drives demand, will have to wait much longer—the cheapest mortgage rates are currently moving in the wrong direction.  Canada’s Largest Real Estate Markets Saw Further Demand Erosion  Only major markets have reported real estate sales, but it appears the slump is worsening. Home sales…

The Bank of Canada announced its second rate hold of the year, keeping the overnight lending rate steady at 2.75%. With the Canadian economy facing trade risks and ongoing uncertainty around tariff policies, the Bank had several factors to consider in making today’s decision. The hold follows a stronger-than-expected GDP increase reported by StatCan on Friday. Meanwhile, core inflation data rose in April, and the unemployment rate has been steadily climbing from 6.6% in January to 6.9% in April, adding to the complexity of the economic outlook. However, a recent Reuters poll of 26 economists forecasts at least two more…

Don’t miss out—join us online for REM’s monthly market breakdown on June 24 at 2 PM ET. REM, columnist Daniel Foch will analyze CREA’s latest stats, regional variations and what shifting sentiment means for Realtors—register here. Toronto’s real estate market is full. So why does it feel so empty? There are more homes for sale in the GTA than we’ve seen in years. Mortgage rates are edging lower. Prices have slipped. Affordability has, by most measures, improved. In theory, this should be a buyer’s moment, one of those rare windows where lower prices and broader selection align. But that moment…

Missing middle housing is severely lacking in most North American cities, including Toronto, where single-family homes and high-rise apartment buildings reign supreme. Missing from the narrative is medium density, multi-unit, lower-rise housing that provides affordable, diverse, and community-oriented options for Torontonians. Looking to tackle this issue head on is Toronto-based Collecdev-Markee Developments, which recently launched the first project in their Missing Middle Portfolio — a collection of five purpose-built rental proposals ranging from six to eight storeys. Each project will prioritize innovation and progressive planning with pre-fabricated modular mass timber construction, minimum 10% affordable housing, no vehicular parking or below-grade…

In May 2025, the Greater Toronto Area remained a buyer-friendly market, characterized by improving affordability and a notable increase in housing inventory. According to the latest report from the Toronto Regional Real Estate Board (TRREB), 6,244 homes were sold, which represents a 13.3% decrease compared to May 2024. However, new listings rose by 14% year-over-year, reaching a seasonal high of 21,819. The average selling price for all home types fell by 4% annually to $1,120,879, further enhancing buyers’ negotiating power. With the Bank of Canada maintaining its overnight rate, borrowing costs remain stable. This stability allowed more households to re-enter…

Home sales continued to grind down in Calgary in May, with sluggish condo and row house activity being the main culprit, says the Calgary Real Estate Board.  Due to “steep pullbacks” in the condo sector, total residential sales in Calgary declined by 17 per cent compared to May of last year, says CREB. Despite the significant drop, last month’s 2,568 sales were 11 per cent higher than the long-term trend for May, and improved over the prior month. “Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing…

Some call it a scourge that is counter-productive amidst a housing crisis. Others say it is democracy in action. Neither stance really mattered on Tuesday, however, as Vancouver City Council approved its new Development Approval Procedure (DAP) By-law — effectively eliminating public hearings for many projects — because they were required to do so by the Province.Under the previous policy framework, any development project proposing a land use that is not allowed under the existing zoning is required to first submit a rezoning application. In Vancouver, rezoning applications have historically taken at least a full year to process. The City…

Greater Toronto real estate just had the worst May on record—but you wouldn’t know it from prices. TRREB’s composite benchmark price (i.e. a typical home) climbed in May. Yes, climbed. The increase was unexpected, given that record-high inventory and weak sales made it the worst-performing May market in history.  Toronto Real Estate Prices Climb Despite Bear Market  The price of a typical home across Greater Toronto (a.k.a. The composite benchmark).  Source: TRREB; CREA; Better Dwelling. Believe it or not, Greater Toronto home prices rose last month, according to TRREB. The composite benchmark price increased 0.3% (+$3,400) to $1,012,800 in May—marking…

Whether you live north or south of the Canada-United States border, housing affordability is deteriorating. American and Canadian homeowners have both had to grapple with rising inflation, inventory shortages, and increased borrowing costs.  But despite these similarities, one economic difference stands out: income. On average, American homeowners earn more than their Canadian counterparts, giving them a relative advantage in terms of housing affordability. As a result, far fewer Canadian cities meet the traditional affordability benchmark where housing costs are less than 30% of household income. In just 20.7% of the Canadian cities we analyzed, average monthly mortgage payments were less…