Author: homegoal.ca

While still far from recovered, the Greater Toronto Area (GTA) housing market continued to see increased activity in August as home sales grew on a year-over-year basis for the second month in a row. According to the Toronto Regional Real Estate Board (TRREB), there were 5,211 home sales last month, up 2.3% compared to August 2024.This bump follows a 10.9% annual increase in home sales recorded in the previous month, which was the highest July home sales had been since 2021. On a seasonally-adjusted month-over-month basis, however, sales dipped 15.7% in August from July’s 6,100 transactions. Zooming out, while the…

Realtors across the province have sent a clear message calling for more oversight of the Real Estate Council of Ontario. On Wednesday, Ontario’s nine largest Realtor boards and associations, representing more than 95,000 of the 100,000 Realtors in Ontario, sent a joint letter to the Public and Business Service Delivery and Procurement Minister Stephen Crawford. The letter urges the government to make RECO subject to independent oversight by the Ontario Ombudsman, noting that the iPro Realty Ltd. case is part of a “troubling pattern” which has “highlighted the need for enhanced transparency and accountability at Ontario’s real estate regulator to…

This article was written and submitted by Jayne McCaw, Founder of Jayne’s Luxury Rentals in Port Carling, Ontario. Ontario’s cottage country is more than a scenic getaway; it’s a critical engine for our province’s tourism economy. Muskoka alone welcomes over three million visitors annually, many of whom stay in short-term rental properties that allow families to gather, explore, and reconnect with nature. As the Founder of Jayne’s Luxury Rentals, which manages over 300 premium properties across Ontario, I’ve seen firsthand how essential short-term rentals have become — not just for guests, but for communities.With the recent rollout of new short-term…

Canadian real estate is even cooler than most realize. Since hitting a record high three years ago, real (inflation-adjusted) home prices have fallen sharply, according to data from the US Federal Reserve Bank of Dallas (Dallas Fed). Once thought an invincible and sure bet, Canadian real estate is in the middle of the second-largest price correction ever—and it’s still unfolding, especially compared to how long past downturns took to bottom.  Canadian Real Estate Prices Below 2017 Inflation-Adjusted Peak Canadian real home prices: Dallas Fed inflation-adjusted indexed quarterly values. Source: Dallas Fed; Better Dwelling.  Even Canadian real estate prices are in…

Pets are often linked to increased joy for their owners, but the rising cost of living, including the expenses of pet ownership, means a new puppy might not bring the same happiness to your wallet. According to MarketWatch, the average first-year cost for a new dog is $4,023.  Before embarking on the journey to become a pet parent, it’s important to check if your budget can balance rising rent with dog ownership costs. The initial upfront cost of a new puppy alone can be over $2,000, which includes several vaccinations and vet visits, microchipping, food and water bowls, and the…

An assignment sale allows the original buyer of a pre-construction property to transfer their purchase rights to another buyer before the unit is completed and ownership is transferred. While this can be a strategic move, it’s a complex process with unique legal and financial considerations. Here’s how to approach it with confidence: Understand the assignment agreement The assignment agreement details the terms under which the original buyer (assignor) can transfer their purchase rights to a new buyer (assignee). Familiarize yourself with the contract’s specifics, including the assignment fee, conditions, and any restrictions set by the developer. Review it carefully with…

QUICK HITS   54 per cent of Canadians believe this fall is a good time to strike a deal on a home. Atlantic Canada and the Prairies experienced year-over-year price gains between January 1-July 31 across all markets analyzed, while Ontario and B.C. saw declines in two-thirds of markets. 64.8 per cent of housing markets experienced a year-over-year decline in sales, with Re/Max Canada brokers and agents noting a rise in price reductions and conditional sales throughout 2025. Average homes prices are expected to decrease by 6.5 per cent this fall, while sales are expected to decrease by five per…

Dunpar Homes believes that building communities goes beyond the construction of houses. It’s about investing in young people, supporting families, and fostering opportunities for the next generation to succeed. That commitment took on a unique form—through the challenge and excitement of climbing. This summer, Dunpar President John Zanini brought his love of rock climbing to local youth. Sponsored by the John Zanini Foundation, children aged 8 to 11 from single-parent households at LAMP Community Health Centre had the opportunity to learn climbing at Boulderz Climbing Centre in Etobicoke. The program ran every Monday afternoon throughout July and August, welcoming over…

One of a series of Greater Toronto Area addresses that were placed under receivership in late-2023 and early-2024 has cropped up on the City of Toronto’s development application portal, with Osmington Gerofsky Development Corp filing plans in mid-August for the site at 39 Newcastle Street. The site, which neighbours the Mimico GO station, at the southeast corner of Newcastle Street and Windsor Street, was set to be developed by the Vandyk Properties before the company fell into severe financial distress. According to a planning report that went to the City in mid-August, Osmington’s application is on behalf of 2495065 Ontario…

The Canadian economy was cruising smoothly until this year, but its landing is now looking choppy. National Bank of Canada (NBF) economists are warning investors that the economy slipped into excess supply in Q2. The Big Six bank sees this problem continuing into Q3 with job creation drying up, GDP contracting, and investment fleeing into other opportunities.  Canadian Job Losses Broad Across The Private Sector  Canadian payroll data reveals that job losses are broad, concentrated in the private sector, and alarming. The  Survey of Employment, Payrolls, and Hours (SEPH) shows 32.9k jobs were lost in June, falling to just 0.2%…