Author: homegoal.ca
Greater Toronto real estate took one step forward and two steps back last month. TRREB data shows home sales climbed in July, hitting a 4-year high for the month. Firming home sales are an improvement, but it was far from a market recovery. Any progress was overshadowed by a sharp price drop and a new inventory record. Toronto Real Estate Prices Are $302k Below Peak, Nearly 5% of the Decline Was Last Month Toronto real estate prices: TRREB composite benchmark in Canadian dollars. Source: TRREB; CREA; Better Dwelling. Greater Toronto real estate prices are still playing the game of price…
The Greater Toronto Area housing market hit a notable milestone in July 2025, recording the strongest home sales for the month since 2021. According to the Toronto Regional Real Estate Board (TRREB), 6,100 properties changed hands, marking a 10.9% year-over-year increase. This ultimately highlights the overall growing confidence among buyers returning to the market. While new listings also rose 5.7% annually to reach 17,613, active listings totaled 30,215, which is a 26.2% increase from last year. In July 2025, the average selling price dropped to $1,051,719, a 5.5% decline from the previous year. That $61,397 difference is just $8,000 short…
designed by freepik Did you know: In Canada, the average home price in some cities has jumped more than 50% in just five years? That’s a massive jump—and it’s got a lot of people worried. If you’ve been wondering what a housing bubble is, you will find out here. Buying a home in Canada today feels almost impossible for many. Prices seem to go up every month. Families are getting priced out. Young buyers feel hopeless. And investors are rushing in, fearing they’ll miss out on big returns. But here’s the million-dollar question: Is this just the market being hot, or…
As temperatures rise, it’s tempting to rely solely on air conditioning to stay comfortable—but it’s not your only option. Whether you’re trying to cut back on energy costs, reduce your environmental impact, or simply get more out of your cooling system, there are plenty of smart, AC-free ways to keep your home feeling comfortable. In fact, some of the most effective cooling methods don’t involve air conditioning at all—and even if you do have AC, these tips can help it work more efficiently and keep your home cooler throughout the season. Optimize your ceiling fan direction One of the most…
After economic uncertainty brought on by a trade war with the US quashed much of the rebound initially expected for the first half of 2025, increased home sales in July are indicating that improved affordability may be reopening the door for a substantial number of Greater Toronto Area home hunters.After an unremarkable spring and early summer that saw GTA home sales and prices fall year over year each month while inventory grew to levels not seen in 25 years, the Toronto Regional Real Estate Board’s (TRREB) July data reveals sales ticked up on a seasonally-adjusted basis month over month and…
Inflation causes the price of nearly all goods to increase over time. Home prices are no exception, but over the last decade, they’ve risen exponentially fast. In some markets, home prices have more than doubled since 2015, far outpacing the rate of inflation. While prices in some markets are now correcting from pandemic highs, they are still far above what the average buyer can afford. This raises an important question: if home prices had only risen in line with inflation since 2015, what would a home cost in 2025? Zoocasa compared median single-family home prices in 50 of the largest…
After an extensive market downturn caused by economic conditions, there are promising signs that the real estate market is turning the corner, according to the latest statistics published by Greater Vancouver Realtors (GVR) on Tuesday.In July, the Greater Vancouver region recorded a total of 2,286 home sales, which was 2% below the 2,333 recorded in July 2024 and 13.9% below the 10-year July average of 2,656. However, last month’s sales marks an improvement considering the significant gaps in recent months. May was 18.5% lower year over year, while June was 9.8% lower year over year. On the other side of…
Just as the real estate market in Greater Vancouver has started turning the corner, an expensive penthouse in downtown Vancouver was recently sold, in what could be another sign that activity in the market is picking up. (Although one could argue that if you can afford such a penthouse, market conditions are probably not of much concern.) The penthouse that sold was the one atop the Hotel Georgia at the prominent intersection of W Georgia Street and Howe Street, right across the street from CF Pacific Centre. Right at the corner, at 801 W Georgia Street, is the iconic 12-storey…
Canada’s big bet on lofty immigration targets was meant to boost GDP. But it flopped—OECD data shows Canada’s growth lagged the 38-country average. The strategy didn’t just fail to deliver; it left Canada trailing its advanced economy peers. Canada Led The OECD for Population Growth, Used Immigration As Stimulus Canada made a big bet on immigration post-pandemic, arguing it would boost its economy. In 2022, it scaled up immigration to hit the highest growth rate since the 1950s. At the time, economists agreed that immigration was important to fill the skills gap—though the pace would lead to stress. At a…
If you’re dreaming of an adventure-packed escape this summer, the Algonquin Highlands might just be Ontario’s best-kept secret. While its neighbour, Algonquin Park, sees hundreds of thousands of visitors from around the world each year, the Township of Algonquin Highlands quietly welcomes tens of thousands of seasonal guests annually. With its small-town charm, the area delivers both that classic getaway vibe and a tempting taste of long-term cottage country living. Endless Outdoor Adventure What makes the Algonquin Highlands so bucket list-worthy? For starters, the outdoor activities here are second to none. Paddle your way through a network of waterways like…