Author: homegoal.ca

Canadian real estate has been slow and that extended to the rental market last month. Rentals.ca data shows the average national asking rent made a minor drop in June, helping to print the 9th consecutive month of annual declines. Despite the persistent grind lower, rents remain much higher than 5 years ago—up more than double the target inflation rate. Now with prices seeing downward pressure ease, it’s unclear if prices are getting close to a bottom or if a second-wave correction is around the corner.  Canadian Rents Make A Minor Drop, Declines Slow The monthly asking price for an apartment…

Realtor.ca Canada Inc. has officially launched the recruitment process for a permanent CEO, who will lead the platform as a standalone subsidiary of the Canadian Real Estate Association. The board of directors released a statement Wednesday that it’s actively seeking candidates. “We are excited to begin this search and identify the leader who will guide Realtor.ca through its next phase of development,” said David Oikle, board chair.  “This appointment will be pivotal to advancing our strategic growth and continued innovation.” Patrick Pichette currently serves as interim CEO. With a market share sustaining close to 50% year-after-year, Realtor.ca is poised to…

As housing costs continue to drive buyers and investors outward from Vancouver’s core, preconstruction activity in Surrey has emerged as a compelling opportunity. A wave of thoughtfully designed, amenity-rich condo developments is reshaping Surrey’s landscape, particularly in transitional growth nodes. Surrey is growing as one of Metro Vancouver’s most active real estate frontiers, with a wave of new preconstruction projects designed to capitalize on affordability, infrastructure investment, and high rental demand. For investors and end-users alike, these new developments provide strategic entry points into a region poised for long-term growth. The city’s appeal is driven by more than just lower…

Canadian property management and real estate development company Hollyburn Properties Limited is yet another developer to home in on Isabella Street in downtown Toronto. Hollyburn’s proposal, which went to the City of Toronto in late June, calls for the 10-storey rental apartment at 48 Isabella Street to be replaced by a 69-storey skyscraper that would up the site’s residential ante.It’s worth noting that Land’s Edge Properties Ltd. is the owner of the site on the north side of Isabella Street mid-block between Yonge Street and Church Street, and has appointed Hollyburn ‘title nominee,’ according to the planning letter submitted to…

Luxury real estate doesn’t have to mean million-dollar price tags and high mortgages. Some of Canada’s top cities for affordable luxury homes offer upscale living at a fraction of the cost of Toronto or Vancouver.  In 2025, the average home price in Toronto is $1,101,691. That might get you a modest condo or a semi-detached home that needs updates. Meanwhile, in Edmonton or Windsor, $700K–$900K can buy you a newly built detached home with high-end features and room to grow.  Here are the top places to explore if you’re wondering where to buy luxury real estate in Canada without overspending.…

The summer real estate market started with a chill over Toronto, with the vast majority of homes selling below asking. In June, 93 per cent of Greater Toronto Area neighbourhoods with at least five sales saw homes go for below asking, up sharply from 71 per cent a year ago, according to new insights from Wahi, a Canadian real estate listing website.  The share of GTA neighbourhoods in underbidding territory reached the second-highest level since Wahi began tracking homebuyer competition in July 2022.  Overall, 71 per cent of all GTA homes sold below list price in June. An additional 5…

Harvey Kalles, the Founder and Chief Executive Officer of Harvey Kalles Real Estate Ltd., passed away on Wednesday, July 9, according to both a funeral notice posted by Benjamin’s Park Memorial Chapel. An Instagram post from his brokerage confirmed the news later this evening. “It is with profound sadness that we announce the passing of Harvey Kalles, who passed away peacefully on July 9, 2025, surrounded by his beloved family,” said the chapel.”Harvey shared 66 extraordinary years of marriage with the love of his life, Elise, whom he affectionately called his ‘little woman.’ Their deep bond and unwavering devotion to…

Toronto real estate is finding out it’s not invincible, after all. New Equifax data reveals Toronto CMA’s mortgage delinquency rate surged in Q1 2025. While rising delinquencies are a national story, this is very different from the normalization seen in other Canadian markets. Over the past few years, Toronto’s delinquency rate has more than tripled and reached a multi-decade high.  Canadian Mortgage Delinquencies We won’t bore you with a full explanation since we just did it yesterday, but we will quickly gloss over the major points worth remembering:   Mortgage delinquency rate: the share of total mortgages that are at least…

When warm weather finally arrives in Canada, we want to soak up every second, and that often means spending more time outside. Whether you’re planning to lounge, dine, or entertain outdoors, a well-furnished patio, balcony, or backyard can transform how your space feels and functions. Here’s how to choose outdoor furniture that reflects your style, stands up to the elements, and turns your outdoor area into a true extension of your home. Table of contents Start with style Define the function of your space Choose weather-resistant materials Consider a gazebo Winter storage tips Budget-friendly ideas Final thoughts Start with style…

Rental supply has been rising across Canada, putting downward pressure on advertised rents in cities most vulnerable to the “headwinds” brought on by sluggish migration and a slowing labour market, according to a new report by Canada Mortgage and Housing Corporation. CMHC’s 2025 Mid-Year Rental Market Update, released Tuesday, shows elevated supply is contributing to lower advertised rents in cities like Calgary, Toronto, Vancouver, and Halifax, where prices in Q1 declined from 2024.  Halifax saw the biggest drop, as the average asking price of two-bedroom condo apartment rentals dropped 8.3% year-over-year.  In Vancouver and Halifax, prices were down nearly 5…