Author: homegoal.ca
The ultra-luxury market for properties in the Greater Toronto Area priced over $ 10-million stood out as one of the country’s rare bright spots in an otherwise subdued first quarter of 2025, according to a new report from Sotheby’s Canada. Between January and March 2025, five properties sold for more than $10-million on MLS, compared to none during the same quarter in 2024. While overall GTA sales of homes over $4-million declined by 15 per cent and $1-million-plus sales dropped 29 per cent, the top end of the market remained relatively active despite broader economic turbulence. Four of these eight-figure…
March 2025 marked an upswing for the Northern BC residential real estate market. The first quarter of 2025 showed sales volumes reverting towards long-term averages and prices rising. Geographical variances, from rapid sales growth in Fort St. John to price premiums in Smithers, highlight the impacts of local dynamics within the broader regional context. Sales In March, the total residential sales saw an 18% increase compared to March 2024, though volumes still remained 12.5% below the five-year March average and 3.1% below the ten-year March average, according to the BC Northern Real Estate Board (BCNREB). On a year-to-date basis, sales…
Recent data from TD Bank’s GTA Condo Market Outlook points towards condo values falling by 15-20% from their peak in Summer 2023 by the end of 2025, with 10% of that decline taking place in this year alone.The price slide projection comes after a pivotal year for the GTA resale condo market, when benchmark prices fell 4% on an annual basis and sales plummeted to levels not seen since the financial crisis of ’08 and ’09. Driving the decline was a fall off in demand as condos became less desirable investment purchases due, in part, to higher interest rates compared…
Canadian buying habits are shifting in response to economic challenges and trade war tensions with the United States. From groceries to travel, Canadians are increasingly looking for domestic alternatives to American products, and real estate is no exception. An April survey by Humi, a Canadian employment platform, found that over half of Canadians who previously considered moving to the U.S. in the past five years are now less likely to do so due to Donald Trump’s election and new tariffs. With Canadians making up the largest share of foreign real estate buyers in the U.S., a slowdown in activity could…
Each month, a BCREA leader shares their insights in an exclusive column for Real Estate Magazine. Interested in contributing? Send us an email. Since moving from the practice side of the real estate sector to the association side in 2017, I’ve often told rooms full of Realtors that I understand the challenge of engagement from their perspective. As part of a broader presentation, I’ll say to them, “For the ten years that I was a broker, I didn’t care what the board or provincial association were doing. As long as the MLS System turned on in the morning and…
Looking for a New Winter Vacation Home? Try These Properties in the Dominican Republic As many Canadian snowbirds have recently started to sell their US properties, they are now considering their alternatives for winter getaways. With a warm, tropical climate, vibrant culture, and growing infrastructure tailored to international residents, Punta Cana in the Dominican Republic is emerging as an excellent choice for those seeking sunshine and comfort. From the white-sand beaches to world-class golf and medical access, the appeal is obvious. And now, new developments are making it easier than ever to enjoy the island lifestyle in professionally managed, amenity-rich…
A bit over a decade since the Hudson’s Bay Company (HBC) and Toronto-based RioCan REIT (TSX: REI.UN) formed their joint venture entity, the historic retailer is liquidating and the large REIT is taking a $208.8 million loss in its investment, according to Q1 2025 results published by RioCan last night. As previously outlined by STOREYS, RioCan and Hudson’s Bay announced their joint venture in February 2015, with HBC contributing 10 properties it owned and RioCan contributing 50% stakes in two malls it owned and a cash contribution. The initial contributions resulted in HBC holding a 79.8% stake and RioCan holding…
The Greater Toronto real estate market is still in freefall as the anticipated boom proves to be an epic bust. Toronto Regional Real Estate Board (TRREB) data shows the price of a typical home (composite benchmark) continued to fall in April. A typical house in the City is now under the $1 million mark, as the multi-year downturn led to the highest April inventory in over 15 years, and sales fell to 90s-real estate crash levels. Greater Toronto Real Estate Prices Dip, City Plunges Below $1 Million Greater Toronto home prices are still falling. TRREB reported a composite benchmark price…
The Greater Toronto Area housing market saw a notable cooling down in April 2025, as buyers responded to a growing pool of listings and improved affordability. According to the April Toronto Regional Real Estate Board report, 5,601 homes were sold, down 23.3% from April 2024, while new listings rose 8.1% year-over-year to 18,836. The average selling price across all home types dipped 4.1% annually to $1,107,463. With borrowing costs easing and new federal programs for first-time buyers taking effect, more households found monthly mortgage payments within reach. “Following the recent federal election, many households across the GTA are closely monitoring…
The arrival of warmer weather and longer days is a welcome sign for many Canadians – especially those eager to return to their cottages. With the Victoria Day long weekend fast approaching (often seen as the unofficial start of summer), thousands are preparing to unlock the cabin doors and breathe new life into their seasonal properties. But before you can fully relax at the lakeside, there’s a bit of work to be done. If your cottage was unoccupied during the winter months, it’s important to give it the care and attention it needs to ensure a safe and comfortable season…