Author: homegoal.ca

Greater Toronto real estate’s recovery slipped beyond the horizon in August, despite a small bump in buyers. TRREB data shows a minor year-over-year increase in sales, but demand remains near historic lows and far from normalizing. At the same time, more sellers flooded the market, pushing inventory to a record high and forcing deeper price cuts.   Toronto Real Estate Price Declines Continue, Now 24% Below Record High TRREB Composite benchmark: The price of a typical home across the Greater Toronto Area in Canadian dollars.  Source: CREA; TRREB; Better Dwelling.  Greater Toronto real estate prices are finding little relief despite industry…

In August 2025, the City of Toronto recorded 1,779 home sales—a 19.3% drop from July’s 2,205 transactions. New listings also declined, with 4,538 added in August, down 24.5% from 6,008 in July. Active listings tightened as well, falling 12.3% month-over-month from 10,993 to 9,644. Despite these decreases, the months of inventory held steady at 4.7, showing no month-over-month change, meaning buyers still have inventory to choose from in today’s market. Overall, Toronto’s housing market remained balanced in August, even with fewer sales and fewer new listings. The average selling price across all home types in the Toronto region fell by…

The real estate industry in Canada is facing a profound reputational challenge in the wake of two high-profile scandals involving iPro Realty Ltd. in Ontario and Re/Max Real Estate (Central) in Calgary.  These incidents have not only shaken consumer confidence but also exposed critical weaknesses in the regulatory oversight meant to protect the public. As millions of dollars are at stake and trust is eroded, industry leaders emphasize that the damage extends beyond the individuals involved, threatening the integrity of the entire profession. For many Canadians, buying or selling a home remains one of the most significant financial decisions of…

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…