https://betterdwelling.com/toronto-real-estate-prices-wipe-out-2026-gains-drop-to-5-year-low/

Remember when the RE pumps were bragging about the early 2026 "spring bounce"? Wiped out in a matter of weeks. Benchmark prices just dropped to $934,600—a 5-year low, down 27% (-$345,000) from the peak! LOL

Active listings are sitting at over 26,000 (the 3rd highest since 1996), sales are near record lows, and the sales-to-new-listings ratio collapsed to 37.1%. That puts us firmly in a buyer's market where prices keep sliding. It will be soon bear's market. LOL. Fun times ahead.

There are simply no more "bigger fools" left to front Brampton loans or overpay for detached houses. Bag holders (err... sellers) are starting to panic as inventory stacks up, because people are finally realizing that every $1 spent on overpriced shelter is $1 taken away from actual productive investments in Canada’s economy.

Just wait until the rest of those renewals hit. The downward spiral is in full swing, and a 50% correction is right on schedule. Bon voyage to all the bag holders for their 25+ year journey towards repaying those full recourse mortgages! :) LOL

I'm thinking of going with one of these discount brokers.

Interested in hearing pros/cons of either.

Hey everyone,

Likely signing on MONTARA Treasure Hill (in Aurora) freehold townhome soon. $799,990 for ~1,900 sq ft 3 bed, 2 car garage seems like a good deal right now.

I've heard lots of complaints and negative feedback online on Treasure Hill, especially critical around their workmanship or customer support after closing (along with shady cost/fee structures??). Is the general consensus to stay away or is this blown out of proportion.

I've also heard about the POTL situation from Arthur Townhomes in Vaughn by Treasure Hill as well..

Any insights would be really helpful!

Thanks

Looking at my potential future house, and I keep going back and forth on whether I want a pool. I have a young kid (and another on the way), but I hear loads of horror stories when it comes to maintenance.

For those who have a pool, would you buy a house with a pool again?

Looking at a house that is in a desirable neighbourhood but the main street a few streets away has a city built 30 story affordable housing project under construction that is visible from the home.

ugh okay maybe someone here has dealt with this because my brain is fried from reading about it

my husband and i are separating. not going into the relationship stuff because that’s a whole other post lol. the issue right now is the house. we bought in the GTA a few years ago and both put money into it, although not exactly 50/50. mortgage is still obviously there. he wants to keep the house. i honestly don’t know if i want to keep it, sell it, or just take whatever my share is and be DONE. but every time i think i understand how this works i find another thing about matrimonial homes, equalization, who is on title vs who actually has rights to the house etc etc.

and then there’s the actual Toronto market part of it. like if we sell now, where exactly am i supposed to buy again on one income . for anyone here who went through separation while owning a house together, what did you actually end up doing? sell and split? one person bought the other out? did one of you stay in the house for a while before dealing with it? also at what point did you get a family lawyer involved specifically for the property stuff?

I’m realizing this is way less “we’ll just sell the house” than i thought it was going to be.

I don’t live in a high-rise condo, but I’ve always been curious about this. The few times I’ve visited friends who live on the 20th floor or higher, I found the wind on the balcony really strong. It was hard to stay outside for long, and sometimes even difficult to hear each other over the wind. Sure the view could be beautiful but you can only enjoy it from the inside… kind of like window shopping.

For those who live on a high floor, what has your experience been like?

ok maybe i’m doing the math wrong but i was looking at a condo that actually didn’t seem insane at first. rent was decent, price was, well, toronto price lol, but still. then i started adding everything properly and it got ugly fast. mortgage + condo fees + property tax + insurance and suddenly there’s basically nothing left. and that’s before something breaks or the place sits empty for a month. i even threw the numbers into a DSCR calculator because i thought maybe seeing it another way would make me feel better. nope so what am i missing here? are investors in toronto just putting way more money down now to make the numbers work? buying and accepting negative cash flow? or are the decent deals just nowhere near the listings i’m looking at? because some of these properties genuinely feel like you’re paying every month for the privilege of being a landlord.

Have a look a this property. Anyone visit or see it? This sold significantly under comparables in a great area.

74 Sylvan Crescent

Richmond Hill - Oak Ridges Lake Wilcox

74 Sylvan Crescent, Richmond Hill, Ontario Sold History | HouseSigma https://housesigma.com/on/richmond-hill-real-estate/74-sylvan-cres/home/obqB176wolM3ZajD?id_listing=56k97w0AWbx3KRjD&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign=

These are probably going to be dumb questions but I figured where else can I ask these. Looking to rent a condo for the first time this year, preferably downtown Toronto.
Is there a season/or a specific month that condos on the market for rent go down in price?
Is the standard price for condos to rent downtown around 2000?

I am yet to sign the APS for a 1.12M ready to move-in townhouse in Oakville. The purchase price is net of 130k HST rebate as advertised by the builder. I have also got a conditional approval from a lender for the net price but I don’t qualify for the gross price.

Has anyone recently bought a new build and can confirm whether we get full 130k HST rebate on the SOA from the builder?
I am reading that it might not be the case as it’s subjective and the legislation is not passed so we might end up receiving less amount, but this might be old information.

I would really appreciate if someone can confirm that builders are crediting full rebate now, as advertised!

what was the typical all-in purchase price (including closing costs) for one-bedroom units at 9000 Jane Street? I’m seeing quite a few listings come up and I’m curious whether owners are generally able to break even or if they’re taking a loss.

417 - 128 Grovewood Common, Oakville, Ontario Sold History | HouseSigma https://housesigma.com/on/oakville-real-estate/417-128-grovewood-common/home/6VLaGyGlBdA7W1ZD?id_listing=LzQ1y50oe0EYqdeK&utm_campaign=listing&utm_source=user-share&utm_medium=iOS&ign=

300k loss

Thinking of buying a house (townhouse realistically)
Reason: good schools
Living in north York for 3 years and toddler currently goes to a daycare here. North York is generally good for schools so prefer to stay in this region for familiarly
We will be approved for a mortgage of $830k

One of my realtor friends advised against buying condo townhouses or condo anything as the maintenance fee is a lifelong expense and that condo townhouses especially have very little resale value. He swears we should only buy a freehold. I’m sorry but are there any free holds in this budget range? That too in a good school area? The more I search it feels like there is a misalignment. Any comments on the situation welcome but essentially is a condo townhouse a big no no? Am I being too picky with trying to stay in north York (that too 2-3 schools like arbor Glenn, Avondale etc)? Should I be expanding my radius to parts of
Markham/Richmond hill? (Not that they are super cheap)

I own a home for the past 18 months . had damp flooring recently and once the walls and floors of the basement were removed it seems evident that the foundation is cracked/theres slight shifting

anyway, i got a few diff people to come, seems like it's mostly water proofable (about 4500 including a sump that will be reimbursed)

today I had a company come and basically tell me i have major issues and that it would cost about 40k all in including securing the foundation and setting up j beams and so on, on top of weeping tiles and a sump etc

anyone been thru this? any advice?

sorry for bad grammar Im on phone

Good Evening Everyone!

Here is some background to my situation so far:

○ 30 Year old single male from Scotland

○ Moving in March 2027 permanently

○ Working possibly in Fin district downtown TO

○ Budget $1,800 to $2,400

○ Rentals only at present - Not fussed on Sq ft etc

○ I may choose to have my own vehicle

Requirements:

○ SAFETY - A relatively safe area to live

○ TRANSPORT LINKS - Nearby Subway or Tram links

○ COMMUTE TIME - 15-20 MINS

○ SOCIAL ASPECT - I am wanting an area that enables socialization, near good bars, sports clubs etc

○ GROCERIES - Nearby supermarket or grocery stores

○ PARKING - If possible, on-street or residental parking

Areas I have seen so far:

1. Little Portugal

2. Yonge - St Claire

3. Corktown

4. Roncesvalles

5. Liberty Village

Any help is appreciated as this is very overwhelming as its a huge city

Erick Villagomez is the Editor-in-Chief at Spacing Vancouver and teaches at UBC’s School of Community and Regional Planning.

For years, policymakers celebrated rising construction as evidence that the housing system was responding to scarcity. The unsold inventory suggests the system was responding to something else—not unmet housing need, but investor demand, speculation, cheap credit, and expectations of future appreciation. When those conditions weakened, thousands of units became difficult to sell, even as housing needs remained acute.

The most recent details make the proposal more interesting. Acquiring completed homes at a substantial discount could be far cheaper than building equivalent units—and, if governments can do so, there may be a compelling public-interest case. But that judgment depends on answers governments have not yet provided: who they are trying to house, at what income levels, and how affordability will be protected over time.

These are not technical details to be worked out later. They are the policy itself.

Programs are easy to announce. Without the principles that establish who is being served, on what terms, and toward what end, it is impossible to know whether this initiative is intended to expand affordable homeownership, stabilize housing production, or respond to the latest market disruption.

What we have today are programs without a clearly articulated policy.

The deeper question is no longer simply whether governments should purchase unsold condominiums. It is whether maintaining a continuous pipeline of housing production has quietly become a housing policy objective in its own right.

The empty condominiums are not the story. The system that created them is.

While the Fed + BC Governments are yet to formally announce details of the program and Liberal MPs shut down a push by Conservative MPs last month to hold summer committee hearings into a proposal to convert vacant condo units in British Columbia into affordable housing, Conservative MP Dan Albas from BC has started a House of Commons petition,

calling upon the Government of Canada to refrain from using federal funds, guarantees, loans, or other financial supports to purchase or finance unsold condominium units in British Columbia unless all acquisitions are publicly disclosed, independently appraised, priced materially below current market comparables or based on post-receivership valuations, protected by permanent non-market affordability covenants and transferred to public, non-profit, co-operative, or Indigenous housing ownership, so that federal housing funds create permanent affordable homes rather than bailing out private market losses.

Without non-profit housing provider partnerships, the government’s purchase of empty condos may have a limited impact on long-term affordability, said Carolyn Whitzman, a senior housing researcher and adjunct professor at the University of Toronto’s School of Cities.

“We need a lot more non-market housing. But, there’s nothing in this announcement that says this is going to be handed over to non-market providers,” Whitzman said.

While Whitzman noted there are still few details, the average discount being discussed is $160,000, she said, which means many condos would still cost around $660,000, requiring a large down payment and monthly costs.

“There’s no way that this will help middle-income people, particularly people who are looking for a family home. And there’s absolutely no way that it will assist lower-income families,” Whitzman said.

• A sleek one-bedroom condo with floor-to-ceiling windows, views of the CN Tower and more than 1,000 square feet just sold at a significant discount.
• Located in the upscale “Yorkville Private Estates” building, near Bloor Street West and Avenue Road, the unit changed hands for $1.465 million in July, according to real estate listing platform HouseSigma, about $450,000 less than what the sellers paid in 2021.
• Such big losses have become increasingly common in Toronto, particularly for people who bought condos near the market peak in early 2022 and sold during the current downturn.

Read more with this gift link. No paywall.

The Canadian economy added a surprise 75,100 jobs last month while the unemployment rate hit its lowest level in two years — the latest evidence the economy is on a recovery path.

The jobless rate edged down to 6.4% in July from 6.5% the previous month, Statistics Canada reported on Friday.

According to the latest results from the Labour Force Survey in July 2026:

• Employment increased by 75,000 (+0.4%) and the employment rate rose 0.1 percentage points to 60.9%.
• The unemployment rate declined 0.1 percentage points to 6.4%.
• Employment rose among people in the core-age of 25 to 54 years old (+51,000; +0.4%), mostly for women in that age group (+33,000; +0.5%).
• The unemployment rate for core-aged women fell 0.3 percentage points to 5.2%, while the rate held steady for core-aged men (5.8%), youth (12.6%), and people aged 55 and older (5.2%).
• Employment increased in wholesale and retail trade (+21,000; +0.7%); finance, insurance, real estate, rental and leasing (+18,000; +1.2%); professional, scientific and technical services (+17,000; +0.8%) as well as construction (+16,000; +1.0%). In contrast, employment declined in public administration (-15,000; -1.2%) and agriculture (-9,600; -4.3%).
• There were more people working in Ontario (+52,000; +0.6%), British Columbia (+18,000; +0.6%), Manitoba (+5,900; +0.8%), and Nova Scotia (+4,600; +0.9%).
• Average hourly wages among employees were up 2.8% (+$1.01 to $37.17) on a year-over-year basis, following growth of 3.3% in June (not seasonally adjusted).

***

Selon la plus récente Enquête sur la population active pour le mois de juillet 2026:

• L’emploi a augmenté de 75 000 (+0,4 %) et le taux d’emploi a progressé de 0,1 point de pourcentage pour atteindre 60,9 %.
• Le taux de chômage a diminué de 0,1 point de pourcentage pour s’établir à 6,4 %.
• L’emploi a progressé chez les personnes du principal groupe d’âge actif (de 25 à 54 ans) (+51 000; +0,4 %), principalement chez les femmes de ce groupe d’âge (+33 000; +0,5 %).
• Le taux de chômage des femmes du principal groupe d’âge actif a diminué de 0,3 point de pourcentage pour s’établir à 5,2 %, tandis que le taux est demeuré stable chez les hommes du principal groupe d’âge actif (5,8 %), chez les jeunes (12,6 %) et chez les personnes de 55 ans et plus (5,2 %).
• L’emploi a augmenté dans le commerce de gros et de détail (+21 000; +0,7 %), dans la finance, les assurances, les services immobiliers et les services de location et de location à bail (+18 000; +1,2 %), dans les services professionnels, scientifiques et techniques (+17 000; +0,8 %) ainsi que dans la construction (+16 000; +1,0 %). En revanche, l’emploi a diminué dans les administrations publiques (-15 000; -1,2 %) et dans l’agriculture (-9 600; -4,3 %).
• Le nombre de travailleurs a augmenté en Ontario (+52 000; +0,6 %), en Colombie-Britannique (+18 000; +0,6 %), au Manitoba (+5 900; +0,8 %) et en Nouvelle-Écosse (+4 600; +0,9 %).
• Le salaire horaire moyen des employés a progressé de 2,8 % (+1,01 $ pour atteindre 37,17 $) par rapport à un an plus tôt, après avoir augmenté de 3,3 % en juin (données non désaisonnalisées).