Author: homegoal.ca
Daniel Steinfeld/TRREB The Toronto Regional Real Estate Board (TRREB) is announcing its newly elected 2026 board members, who will take office on Jan. 1. The incoming members include the following: Directors-at-large, elected for a two-year term Michael McLachlan Kate Young Michelle Leong Francis Charles Park Director-at-large (one-year term) Frank Farhangi Central regional director (two-year term) Rebecca Kopel North regional director (two-year term) Keith Kwan Incoming president The board will be led by Daniel Steinfeld, who was announced as president-elect at the start of 2025. Steinfeld has served TRREB as director at large, chair of the government relations…
Calgary’s housing market has been showing a great deal of variability this year. By September, citywide conditions had settled into balance, but several neighbourhood clusters kept prices close to last year’s levels, while some others showed modest gains. Calgary’s Split Market By late summer, it became apparent that Calgary wasn’t moving as a single market. The composite benchmark sat at $572,800, down 4.0% year-over-year (y/y), with 6,916 active listings and 4.02 months of supply, suggesting a balanced environment without the declines seen in some other Canadian markets. However, results diverged sharply by housing type. Detached homes slipped just 1% y/y…
Greater Toronto’s new home market took another hit as weak demand met falling-but-still-lofty prices. BILD GTA and Altus Group data show prices slipped in October—but not enough to draw buyers off the sidelines. Sales fell to a record low for the month, while inventory hovered near multi-year highs. The gap between what’s for sale and what’s selling has never been wider. Greater Toronto New Home Prices Slide To Multi-Year Low Greater Toronto New Home Prices: Altus Benchmark Price. Source: Altus Group. Greater Toronto new home prices fell again in October. A typical single-family home dropped 0.21% (-$3.0k) to $1.43 million—down…
The holiday season is just around the corner, and the excitement is already building, making it the perfect time to plan a quick winter getaway to experience everything the season has to offer. And what better place to spend the holidays in Canada than Quebec City? With its cobblestone streets dusted with shimmering snow and historic buildings adorned with twinkling lights, Quebec City is a city truly built for a winter getaway. Here’s how to spend 48 hours in one of the country’s best winter destinations. Day 1 Morning Start your morning in Old Quebec with a warm drink and…
For decades, hitting a sales benchmark or earning a spot in an elite club has been a hallmark of Realtor success. But as some brokerages reassess how to recognize performance and consumers place greater weight on service and transparency, many are beginning to question whether traditional awards remain the best measure of a great agent. For Marc Baskin of Re/Max Real Estate Centre, achieving the Top Individual in Sales for Georgetown in 2024 was the result of hard work and “a little bit of luck.” “Hitting a new award tier is nice because it is feedback that I am getting…
Luigi Favaro/OREA Ontario Real Estate Association (OREA) CEO Luigi Favaro is currently on a leave of absence, nearly three months after stepping into the role. In a letter sent to member board executive officers on Monday, OREA board president Cathy Polan confirmed Favaro’s leave, and said she will assume the role of acting CEO on an interim basis to maintain leadership continuity. In the letter, which was obtained by Real Estate Magazine, she asked members to respect Favaro’s privacy during his time away and to refrain from contacting him directly. Favaro was appointed OREA’s next CEO in July after…
The Great Canadian Real Estate Downturn isn’t easing—in fact, it’s accelerating beneath the surface. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed again in August, hitting the highest in nearly four years. However, the more important issue is flying under the radar: an unprecedented contraction in total mortgage volumes at banks. A shrinking credit base implies tightening liquidity—amplifying risk if investors realize the exit is closing faster than expected. Canadian Mortgage Arrears Rate Highest Since 2020 Canadian mortgage arrears rate at CBA member banks. Source: CBA; Better Dwelling. Mortgage arrears at Canada’s largest banks climbed to a…
The holidays are the most wonderful (and wallet-draining) time of the year. Between gifts, travel, festive dinners, and parties, Canadians are preparing to spend big once again. According to PwC Canada’s 2025 Canadian Holiday Outlook, the average Canadian plans to spend $1,675 this season on gifts, travel, and entertainment. In some regions, that number climbs even higher, $1,821 in British Columbia and $1,788 in Ontario, while Albertans and Quebecers are a touch thriftier at $1,532. But what if, instead of splurging on matching pajamas, Secret Santa exchanges, and plane tickets to see family, you decided to stash that holiday cash…
“Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming, ‘Wow! What a ride!’” – Hunter S. Thompson If anyone embodied that sentiment, it was my friend, Bruce Johnson. Bruce passed away this weekend after a hard-fought battle with cancer. Usually, when someone passes, many people reflexively speak kindly of them in ways that can sometimes ring hollow or seem too good to be true, except with Bruce, it’s very…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Fall To 4-Year Low As Inventory Sets Record Canadian real estate prices continue to cool after the pandemic-era boom. A typical home fell to $679,900 in October, a 20.2% (-$171,700) drop from the March 2022 peak. The drop came amid falling sales and the highest October inventory on record. Despite easing borrowing costs, the weakening demand balance continues to apply downward pressure on prices. Continue Reading… Canadians Tap HELOC Debt At The Fastest Rate Since 2012 Canadian HELOC debt is rising at an…