Author: homegoal.ca

— We take our content seriously. This article was written by a real person at BREL. The April 2025 stats are in, and the Toronto real estate market is showing some interesting developments. While seasonal patterns are holding true, with sales increasing from March to April, year-over-year metrics point to a market that’s still facing significant challenges despite improved affordability. What Happened in April 2025? April showed the expected seasonal uptick in activity, with sales increasing to 5,601 homes compared to March’s 5,011. However, comparing sales to April 2024, we see a substantial 23.3% decline in transactions. The average selling…

As the Canadian dream of homeownership becomes increasingly elusive, nearly half of homeowners (43 per cent) say they couldn’t have purchased their first home without financial help from family, according to a new BMO survey.  The findings highlight a growing reliance on the so-called “Bank of Mom and Dad,” with 27 per cent of Canadians expecting support from parents or grandparents. Among those anticipating assistance, 6 per cent say they’ll need help with a down payment, 8 per cent expect support covering monthly rent, and 7 per cent are counting on financial backing for home renovations. On the flip side,…

The Greater Toronto Area’s spring selling season continued to be sluggish in April, with the Toronto Regional Real Estate Board (TRREB) reporting just 5,601 sales. Though that figure is up slightly from the 5,011 sales reported in March, it represents a 23.3% decrease year over year and makes this the second-slowest April for the region since 1996, when 5,070 sales were reported. The April to beat over the past 29 years happened in 2020, when the pandemic all but froze the market and just 2,975 sales were reported.After adjusting for seasonal effects, April’s transactions were up 1.8% to 4,267 sales.In…

After years of tight supply and fast-rising prices, Calgary’s housing market is showing signs of stabilization this spring. According to the Calgary Real Estate Board, inventory levels jumped to 5,876 units in April, more than double what was available at this time last year. While that might sound dramatic, CREB says it’s important to remember that supply in 2024 was exceptionally low, and this year’s inventory is much more in line with historical averages for April. “Economic uncertainty has weighed on home sales in our market,” said Ann-Marie Lurie, CREB’s chief economist, “but levels are still outpacing activity reported during…

On Monday, commercial real estate services firm Colliers (TSX: CIGI) announced that it was naming Andrew Kirkham as Managing Director of Brokerage Operations in Vancouver. Kirkham will lead the advisors and brokerage operations across all industry sectors in Vancouver and report to Kirk Kuester, the Executive Managing Director of Colliers Vancouver who is also responsible for the development and execution of the firm’s business plan and strategy in the region. Kuester first joined Colliers Vancouver in 1988.”Andrew is a well-respected name across Western Canada in our industry,” said Kuester in a press release. “His vast and trusted network relies on…

Canada’s education system is facing a reckoning: Even during the record tight labor market, graduates struggled to find jobs—with Ontario at the center of the issue. New Statistics Canada (Stat Can) data shows fewer graduates were able to find a job within 3 years of graduating. The study is conducted every 5 years, with the latest focusing on the 2020 cohort of grads. They faced even worse prospects, despite the country facing its tightest labor market ever towards the end of the timeframe. While Ontario and BC grads floundered, Quebec and Alberta had remarkably high success rates. It’s almost like…

If you were holding out hope for a rebound in the GTA condo market this year, you might be in for a disappointment. According to a new report by Rishi Sondhi, economist at TD Economics, resale condo prices in the region are forecast to fall another 10 per cent in 2025—capping off a multi-year slump that’s already seen values sink since their 2023 peak. By year-end, Sondhi says prices could be down as much as 15 to 20 per cent from their high in the third quarter (Q3) of 2023.   “Demand conditions have weakened materially,” Sondhi notes, pushing TD…

In March 2025, Metro Vancouver’s housing market exhibited clear signs of a buyer-favourable environment, with weaker sales, surging supply, and modest downward pressure on prices. Prices Source: GVR Source: GVR Sales Greater Vancouver REALTORS® (GVR) recorded 2,091 MLS®-registered sales in Metro Vancouver during March 2025, a 13.4% decline from the 2,415 sales posted in March 2024 and 36.8% below the ten-year seasonal average of 3,308 transactions for that month. In seasonally adjusted terms, home sales edged up slightly in March but remained near historic lows. Edge Realty Analytics reported a 1 % month-over-month (m/m) increase in seasonally adjusted Vancouver home…

After some ups and downs, Canada’s housing market finally found its footing in 2024. The year started slowly, with high interest rates keeping many would-be buyers on the sidelines. But as the Bank of Canada began to trim rates, the mood shifted. Confidence returned, and so did the buyers, many of whom had been waiting patiently for their moment to jump back in. It was the smaller, more affordable cities that drew the strongest interest from buyers, leading the market in both demand and price growth. Unlike the major metropolitan areas, these communities offered greater purchasing power, manageable competition, and…

Vancouver-based real estate developer Bonnis Properties has been ordered to return a deposit it received, plus interest and general damages, as a result of a sales transaction that ultimately fell through, according to a judgment published by the Supreme Court of British Columbia this week. The transaction was pertaining to 728, 780, and 796 Main Street, three low-rise properties located on the northeast corner of Main Street and Union Street, just south of Keefer Street in the Chinatown neighbourhood of the Downtown Eastside.Bonnis Properties submitted a rezoning application for the site in 2017 and was planning a 15-storey mixed-use building…