Author: homegoal.ca

designed by freepik If you’ve been scrolling through headlines lately, you’ve probably seen it:“Toronto Real Estate Trends: Boom or Bust?” Prices go up, then down. One day, it’s a seller’s market. Next, buyers have power. People are asking:Is now a good time to buy? Should I wait to sell? Will prices crash again? Here’s the truth: the Toronto real estate market is powerful, dynamic, and full of opportunity. But it’s also filled with challenges. Prices go up. Inventory runs low. Bidding wars break out. And when you think things are cooling, they heat up again. This blog will answer those questions…

Don’t miss out—join us online for REM’s monthly market breakdown on June 24 at 2 PM ET. REM, columnist Daniel Foch will analyze CREA’s latest stats, regional variations and what shifting sentiment means for Realtors—register here.   After six straight months of declining sales, Canada’s housing market finally showed signs of life in May. National home sales climbed 3.6 per cent month-over-month, the first gain since last November.  But before anyone calls it a comeback, let’s be honest about what the data actually says. If this is our so-called “pent-up demand,” the market’s in no rush. In the first quarter,…

The Greater Toronto Area housing market demonstrated signs of renewed activity in May 2025, with the Toronto Regional Real Estate Board (TRREB) reporting a total sales volume of just under $7 billion. Average prices across all home types came in at $1,120,879, and notably, home sales rose 8.4% month over month. While the market remains far below the peak activity levels seen in earlier decades, this recent increase marks a meaningful shift in momentum after a more subdued period. GTA-Wide Snapshot In May 2025, there were 21,819 new listings across the GTA, contributing to a total of 30,964 active listings…

Construction on a large rental project in Coquitlam is now set to begin after Vancouver-based real estate developer Anthem Properties and BGO (formerly known as BentallGreenOak) announced a new joint venture on Tuesday. The project is set for 1184 Inlet Street, which is located about midway between Coquitlam River Park and Lafarge Lake, the latter of which is home to the Millennium Line SkyTrain’s Lafarge Lake-Douglas Station. The property was formerly occupied by a 17-unit strata townhouse complex spread out across four low-rise residential buildings, which were acquired by Anthem Properties in September 2021 for $22,350,000 in a sale that…

Canada’s real estate industry is a little overenthusiastic about last month’s market data, according to one of the country’s largest banks. A new BMO Capital Markets report explains that weak sales and rising inventory persist, suggesting pricing will remain sluggish in the near term. The bank warned investors that real estate corrections are measured in years, not months. Canadian Real Estate Demand Suggests Prices To Remain Sluggish  The Canadian real estate industry reported a minor improvement in sales last month. Seasonally adjusted home sales made a monthly climb of 3.5% in May. However, the bank highlights an almost equal increase…

It’s that time of year again when creepy crawlies invade our homes, uninvited and often unrelenting. Whether you’re a seasoned homeowner, a renter, or a first-time buyer, dealing with pests can be a nuisance. But it doesn’t have to be an all-out battle! With a few small, chemical-free tweaks to your routine, you can keep your space pest-free.  Ants: The Tiny Invaders Ants can seem harmless, but once they find a way in, they multiply faster than you can say ‘I think I left a crumb there.’ Here’s how to take charge: Vacuum Regularly: A quick sweep with a vacuum…

QUICK HITS The seller misrepresented the $6.2-million property by failing to disclose a known unpermitted addition. The buyer relied on the incomplete disclosure statement, which was part of the contract. The Court of Appeal reversed the trial decision and ordered the $300,000 deposit returned to the buyer. In disputes where a buyer alleges that a seller misrepresented the property being purchased, courts will generally focus on whether the representations were contained in the contract for the transaction or were otherwise reasonably relied upon by the buyer.  Sellers should ensure the accuracy of any representations about a property in the listing…

Last week, Burnaby City Council passed a motion introduced by Mayor Mike Hurley requesting that the Union of British Columbia Municipalities (UBCM) call for the provincial government to repeal the single egress stairway change introduced last summer. Prior to the change, buildings three storeys or higher were required to provide at least two egress stairways. The update to the BC Building Code, which came into effect on August 27, changed the regulation so that buildings up to six storeys are only required to provide a single egress stairway. Housing advocates have said that the old requirement for a second stairway…

Spring is typically the busiest season for Canadian real estate, but in 2025, the market took a notable turn, one that, in hindsight, was far from surprising. As inventory levels climbed and buyers hesitated amid elevated borrowing costs and global economic uncertainty, the usual frenzy of bidding wars and rapid price gains was replaced by a more measured, buyer-friendly environment in many Canadian cities.  According to data released in May 2025 by the Canadian Real Estate Association (CREA), Zoocasa found that several of Canada’s most expensive housing markets experienced price declines. Greater Vancouver and Greater Toronto, two of the country’s…

Realtors in Kingston, Ont. cast their vote again last Thursday to decide whether they would form a single entity with their peers across Eastern Ontario. While more people voted in favour, the proposal was defeated because it did not meet the required two-thirds approval. “With an unprecedented number of members in attendance, we could not be prouder of the engagement of our membership,” said Mary Ambrose, president of the Kingston and Area Real Estate Association (KAREA). The members voted on the proposed amalgamation with the Ottawa Real Estate Board, Renfrew County Real Estate Board, and the Rideau-St. Lawrence Real Estate…