Author: homegoal.ca

The Greater Toronto Area housing market just logged one of its ugliest Aprils in recent memory. Inventory is exploding. Sales are evaporating. Prices are falling across nearly every category. And buyers? They’re nowhere to be found. There’s no panic in the streets, just a silent standoff. Sellers are flooding the market with listings, while buyers sit on their hands, watching values slide.It’s not a crash, but it’s close enough to leave bruises. And it’s not a typical correction, either. What we’re witnessing is something slower, quieter, and far more stubborn: a full-scale collapse in conviction.   Inventory is soaring, but…

Retail plazas are a dime a dozen in the Greater Toronto Area, but Scarborough may soon have one less. A proposal that went to the City last month contemplates a 50-storey mixed-use tower at 2912-2926 Sheppard Avenue East, which is currently occupied by a string of retailers in a two-storey commercial building. The plans come from Hazelview Investments, and the Toronto-based firm acquired the property in August 2024 with plans to rezone it in favour of a high-density residential building.Situated on the north side of Sheppard Avenue East and east of Victoria Park Avenue, the 0.89-acre site will neighbour the…

Canada’s housing markets are faltering as trade tensions cast a long shadow over buyer confidence and economic prospects. The latest RBC Economics report from Robert Hogue reveals a steep drop in resale activity and softening home prices across many of the country’s major markets, with southern Ontario and British Columbia leading the slide.   The toll of uncertainty   The trade war, already a concern for many sectors, is now hitting closer to home—literally. April saw year-over-year resale activity tumble in markets like the Fraser Valley, Greater Vancouver, and Toronto. In fact, sales in southern Ontario reached near-cycle lows, with…

We are in the middle of the most serious and generational housing supply and affordability crisis in the post-World War II era. Both federal and provincial governments have acknowledged that government-imposed costs are bloated beyond reason and, along with red tape, are preventing the construction industry from producing housing for the middle class.This has perilous implications for quality of life, prosperity and driving away talent. Yet, the industry continues to face inexplicable continued efforts to increase taxes, fees, and levies. And the industry continues to devote considerable resources to address these mistakes rather than implementing solutions. The opportunity cost of…

Canada’s central bank is performing a dangerous balancing act. The Bank of Canada’s (BoC) latest Financial Stability Report (FSR) shows mortgage impairments surged in Q1 2025—enough to trigger internal alarms, but not enough to consider a problem. However, the question isn’t whether risks are growing (they are), but who’s in trouble: struggling families or overleveraged investors? Failing to identify where risks are rising can stick taxpayers with the bill for an investor bailout, presented as a social good.  Canadian Banks See Mortgage Impairment Surge 65% From Lows Mortgage impairment rate at Canada’s largest banks.  Source: Bank of Canada.  Canada’s largest…

As Canada faces a persistent housing affordability crisis, many homebuyers are turning to alternative options that offer both cost savings and efficiency. Modular housing is catching on across the country, with many officials seeing it as a faster, more efficient way to build affordable homes that the growing population of Canada needs. This guide answers the most frequently asked questions about modular homes and your top questions about modular living—and who knows, it might just be the key to your next move.  Jump Ahead 1)What is a modular home?  A modular home is prefabricated housing built in sections, or modules,…

A former Calgary real estate agent has been charged with fraud in connection to a multi-million-dollar real estate investment scam that police allege deceived several investors over four years. Calgary police announced on May 8, that Eric Drinkwater, 43, has been charged with one count of fraud over $5,000. Investigators say Drinkwater, a former associate broker at Re/Max Central, solicited loans disguised as real estate investment opportunities, resulting in at least 16 victims and a combined loss of more than $1.9-million.   Allegations of fraud   The scheme is believed to have occurred between March 2020 and February 2024. During…

Canadian housing starts exhibited a divergent pattern in March 2025, with many smaller centres outperforming the country’s largest metropolitan markets. While national starts declined 14% year-over-year, several mid-sized and smaller urban areas recorded substantial gains, according to data on housing starts from the Canada Mortgage and Housing Corporation (CMHC). Major Metropolitan Markets Under Pressure Toronto and Vancouver, which together account for a sizeable share of national starts, experienced steep downturns. Toronto’s total starts plunged 65%, driven by a 55% drop in single-detached units and a 66% reduction among all other types. Vancouver saw new starts fall 59% overall, as high-density…

In a city like Toronto, where housing demand chronically swells well past the supply available to accommodate it, affordable housing can too often feel like a footnote to the larger conversation. But for Abigail Bond, it’s front and centre.Bond joined the City as Executive Director of the Housing Secretariat in February 2020, at something of a critical juncture. At the time, Toronto had just approved its HousingTO 2020-2030 Action Plan, which was calling for the creation of 40,000 affordable rental and supportive homes. Bond had the tall order of carrying it out. A daunting task, sure, but Bond tells STOREYS…

The Saskatchewan Realtors Association (SRA) has introduced a new measure it says is aimed at improving transparency in the homebuying process by making offer presentation dates publicly visible on Realtor.ca. Previously available only to Realtors through private remarks on MLS, this information will now be accessible to the public. The update highlights when a seller has requested to delay the presentation of offers until a specific date and time. “Real estate markets across Saskatchewan are extremely tight right now, and, understandably, buyers may feel overwhelmed,” said Chris Guerette, CEO of the SRA. “By making this information visible to the public,…