The Real Estate Market - The Globe and Mail

September 4, 2025

New listings in the Toronto region, like this one in Vaughan, increased by 3.9 per cent to 15,730 in August, giving many buyers the upper hand.

New listings in the Toronto region, like this one in Vaughan, increased by 3.9 per cent to 15,730 in August, giving many buyers the upper hand.

Toronto home sales and prices dip in August

2 min read

July 15, 2025

The Toronto Regional Real Estate Board says 6,244 homes were sold in May, down 13.3 per cent year-over-year. A west-end Toronto home for sale is shown in a July 15, 2023 file photo. THE CANADIAN PRESS/Graeme Roy

The Toronto Regional Real Estate Board says 6,244 homes were sold in May, down 13.3 per cent year-over-year. A west-end Toronto home for sale is shown in a July 15, 2023 file photo. THE CANADIAN PRESS/Graeme Roy

CREA cuts 2025 forecast again but says home sales are rebounding from ‘chaotic start’

3 min read

May 21, 2025

The cottage on Lake Rosseau at 1022 Old Township Rd. Asking price is $5.695-million.

The cottage on Lake Rosseau at 1022 Old Township Rd. Asking price is $5.695-million.

May brings a chance to reset in Ontario cottage market

Carolyn Ireland

5 min read

November 28, 2024

B.C. NDP Leader David Eby speaks during an election campaign announcement about housing as local candidates Amna Shah, back left, and Baltej Dhillon, back right, listen in Surrey, B.C., on Wednesday, September 25, 2024. THE CANADIAN PRESS/Darryl Dyck

B.C. NDP Leader David Eby speaks during an election campaign announcement about housing as local candidates Amna Shah, back left, and Baltej Dhillon, back right, listen in Surrey, B.C., on Wednesday, September 25, 2024. THE CANADIAN PRESS/Darryl Dyck

B.C. shared-equity housing plan prompts both hope and skepticism

6 min read

November 5, 2024

The TMX Market Centre is shown in Toronto, Wednesday, Sept. 11, 2024.

The TMX Market Centre is shown in Toronto, Wednesday, Sept. 11, 2024.

CIBC analyst prefers TSX to S&P 500 and likes these ten stocks

4 min read

November 9, 2023

A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette

A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette

opinion

To solve the housing crisis, we need to do something about ‘mom-and-pop’ investors

Jon Shell

4 min read

October 28, 2023

A homeless encampment is pictured in Toronto on Thursday December 10, 2020. Toronto saw an average of 3.6 deaths per week among people experiencing homelessness last year, totalling 187 deaths in 2022 according to new city data. THE CANADIAN PRESS/Chris Young

A homeless encampment is pictured in Toronto on Thursday December 10, 2020. Toronto saw an average of 3.6 deaths per week among people experiencing homelessness last year, totalling 187 deaths in 2022 according to new city data. THE CANADIAN PRESS/Chris Young

opinion

To revive Canada’s economy, housing prices must fall, property investors must take a hit

John Rapley

4 min read

October 4, 2023

Construction materials and a lease sign at 18 King St. West, are photographed on Jan 11, 2023. Fred Lum/The Globe and Mail.

Construction materials and a lease sign at 18 King St. West, are photographed on Jan 11, 2023. Fred Lum/The Globe and Mail.

opinion

Stop the boosterism on office-to-residential conversions – it’s not going to work

Matthew Alexandris

3 min read

September 24, 2023

Empty office space at 520 Eighth Ave. in Manhattan on Aug. 22, 2023. About a year and a half after Mayor Eric Adams chided workers Ñ ÒYou canÕt stay home in your pajamas all day!Ó Ñ New YorkÕs offices in late August were under 41 percent of their prepandemic occupancy. (Haruka Sakaguchi/The New York Times)

Empty office space at 520 Eighth Ave. in Manhattan on Aug. 22, 2023. About a year and a half after Mayor Eric Adams chided workers Ñ ÒYou canÕt stay home in your pajamas all day!Ó Ñ New YorkÕs offices in late August were under 41 percent of their prepandemic occupancy. (Haruka Sakaguchi/The New York Times)

opinion

A crisis in commercial real estate, a crisis in housing: two problems, one solution

David Clement

3 min read

September 20, 2023

A man walks though a downtown Toronto office building with other buildings reflected in a window in this June 11, 2019 photo. THE CANADIAN PRESS/Graeme Roy

A man walks though a downtown Toronto office building with other buildings reflected in a window in this June 11, 2019 photo. THE CANADIAN PRESS/Graeme Roy

opinion

With the housing crisis, Canada’s big and influential firms are bleeding talent

Adin Wagner

3 min read

September 12, 2023

Condominiums facing construction elevators attached to the side of a condominium under construction on Mutual St. are photographed on Aug 29, 2023. (Fred Lum/The Globe and Mail)

Condominiums facing construction elevators attached to the side of a condominium under construction on Mutual St. are photographed on Aug 29, 2023. (Fred Lum/The Globe and Mail)

opinion

Canada’s housing bubble: ‘Sliding down the slippery slope of hope’

Phillip Colmar

4 min read

September 8, 2023

Kitchener, Ontario (August 25, 2023) - Four international Conestoga College students from India share an apartment in Kitchener, ON. Vaibhav Patel listens in on the interview for Kartik Purani. Alicia Wynter/Globe and Mail

Kitchener, Ontario (August 25, 2023) - Four international Conestoga College students from India share an apartment in Kitchener, ON. Vaibhav Patel listens in on the interview for Kartik Purani. Alicia Wynter/Globe and Mail

opinion

As mortgage costs rise, it is international students’ rent keeping households afloat

Anna Triandafyllidou

3 min read

August 9, 2023

An apartment building construction site is seen in the Lebreton Flats neighbourhood of Ottawa, on Thursday, June 29, 2023. Spencer Colby/The Globe and Mail

An apartment building construction site is seen in the Lebreton Flats neighbourhood of Ottawa, on Thursday, June 29, 2023. Spencer Colby/The Globe and Mail

opinion

Amid Canada’s housing crisis, immigration needs to be slower, more focused

Michael Veall

3 min read

July 19, 2023

A new condo construction site is seen in downtown Toronto on Thursday, May 25, 2023. THE CANADIAN PRESS/Chris Young

A new condo construction site is seen in downtown Toronto on Thursday, May 25, 2023. THE CANADIAN PRESS/Chris Young

opinion

To help solve the housing crisis, waive or defer sales tax on purpose-built rentals

Benjamin Tal

3 min read

July 14, 2023

A construction site on the 1400-block of West Broadway at Granville in Vancouver on April 22, 2022.
Vancouver city council is expected to make a decision on whether to approve a condo tower at the corner of Granville and Broadway in a neighbourhood that has never had that kind of density.
Photo: Jennifer Gauthier

A construction site on the 1400-block of West Broadway at Granville in Vancouver on April 22, 2022.
Vancouver city council is expected to make a decision on whether to approve a condo tower at the corner of Granville and Broadway in a neighbourhood that has never had that kind of density.
Photo: Jennifer Gauthier

opinion

Canada’s approach to housing is bad for the economy

John Rapley

4 min read

June 18, 2023

A man walks past an affordable housing complex, being constructed in Charlottetown's Hillsborough Park area, on Saturday, February 29, 2020. Seven provinces have signed on to a federal rent assistance program created as part of the national housing strategy, three more than the Liberals have announced, newly released documents show. THE CANADIAN PRESS/Andrew Vaughan

A man walks past an affordable housing complex, being constructed in Charlottetown's Hillsborough Park area, on Saturday, February 29, 2020. Seven provinces have signed on to a federal rent assistance program created as part of the national housing strategy, three more than the Liberals have announced, newly released documents show. THE CANADIAN PRESS/Andrew Vaughan

opinion

To fix the housing crisis, overhaul city taxes to incentivize building affordable units

Joe Deschênes Smith

3 min read

June 4, 2023

FILE - Commuters wearing protective masks ride their bicycles in Bogota, Colombia, Monday, March 16, 2020. By some measures, over 9% of trips in the capital are by bicycle, putting it in the top tier globally and a model that other cities in Latin America are trying to emulate. (AP Photo/Fernando Vergara, File)

FILE - Commuters wearing protective masks ride their bicycles in Bogota, Colombia, Monday, March 16, 2020. By some measures, over 9% of trips in the capital are by bicycle, putting it in the top tier globally and a model that other cities in Latin America are trying to emulate. (AP Photo/Fernando Vergara, File)

opinion

The ‘15-minute city’ idea is key to solving Canada’s housing crisis

Christopher Alexander

3 min read

May 16, 2023

Construction on housing takes place in Brampton, Ont., Thursday April 27, 2023. (Christopher Katsarov/The Globe and Mail)

Construction on housing takes place in Brampton, Ont., Thursday April 27, 2023. (Christopher Katsarov/The Globe and Mail)

opinion

Let’s face it, solving Canada’s housing crisis will be unpopular and difficult

David Jones

3 min read

April 28, 2023

REFILE - ADDITIONAL INFORMATION The Kolam Ayer bridge connects to the River Vista @ Kallang public housing flats over the Kallang River in eastern Singapore, June 20, 2019. Picture taken June 20, 2019. REUTERS/Loriene Perera

REFILE - ADDITIONAL INFORMATION The Kolam Ayer bridge connects to the River Vista @ Kallang public housing flats over the Kallang River in eastern Singapore, June 20, 2019. Picture taken June 20, 2019. REUTERS/Loriene Perera

opinion

To solve Canada’s housing crisis, learn how Singapore nationalized real estate

David Moscrop

3 min read

February 21, 2023

No vacancy sign and for rent sign with Vancouver in the Background June 6, 2016. (John Lehmann/The Globe and Mail)

No vacancy sign and for rent sign with Vancouver in the Background June 6, 2016. (John Lehmann/The Globe and Mail)

opinion

Let’s normalize renting – Canada’s obsession with homeownership hurts the economy

Rob Csernyik

3 min read

February 8, 2023

A real estate sign is pictured in Vancouver, B.C., Tuesday, June 12, 2018. A report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis. THE CANADIAN PRESS Jonathan Hayward

A real estate sign is pictured in Vancouver, B.C., Tuesday, June 12, 2018. A report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis. THE CANADIAN PRESS Jonathan Hayward

opinion

Housing isn’t just an affordability issue – it hurts the economy more than you think

Steve Lafleur

3 min read

December 16, 2022

Gentle density in Toronto. Gentle density in Toronto. Project by Solares Architecture will total four separate units in the main building plus a laneway suite.

Gentle density in Toronto. Gentle density in Toronto. Project by Solares Architecture will total four separate units in the main building plus a laneway suite.

A hard road to adding gentle density to increase Toronto’s housing supply

7 min read

December 6, 2022

Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward

Prime Minister Justin Trudeau tours a rental housing development in Vancouver, Monday, Feb. 11, 2019. The federal government is hoping to help more Canadians become homeowners through a new rent-to-own initiative, but experts are warning it may not be the best pathway for everyone. THE CANADIAN PRESS/Jonathan Hayward

opinion

More taxes on real estate investment trusts won’t solve the housing crisis

Mark Kenney

3 min read

November 24, 2022

A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The organization representing British Columbia's municipal governments says resolving the province’s affordable housing crisis is more complex than just building more homes.THE CANADIAN PRESS/Darryl Dyck

A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The organization representing British Columbia's municipal governments says resolving the province’s affordable housing crisis is more complex than just building more homes.THE CANADIAN PRESS/Darryl Dyck

opinion

The real source of the B.C. housing crisis: governments, taxes and bureaucracy

Brent Sawchyn

3 min read

November 22, 2022

Ontario Premier Doug Ford sits in the Ontario Legislature during Question Period on Tuesday November 1, 2022, as members debate a bill meant to avert a planned strike by 55,000 education workers. The Ontario government's use of the notwithstanding clause in an attempt to pre-empt a strike by education workers sets a dangerous, draconian precedent, labour experts say, with serious implications for collective bargaining across Canada.THE CANADIAN PRESS/Frank Gunn

Ontario Premier Doug Ford sits in the Ontario Legislature during Question Period on Tuesday November 1, 2022, as members debate a bill meant to avert a planned strike by 55,000 education workers. The Ontario government's use of the notwithstanding clause in an attempt to pre-empt a strike by education workers sets a dangerous, draconian precedent, labour experts say, with serious implications for collective bargaining across Canada.THE CANADIAN PRESS/Frank Gunn

opinion

In the housing crisis, Doug Ford is forced to play the villain due to municipal inaction

Benjamin Dachis

4 min read

June 8, 2022

People shop at the Toronto Premium Outlets mall in Milton, Ont., Friday, Nov. 27, 2020. As many Canadians no longer fear congregating and vaccine passports have been dropped, real estate firms say retail and restaurant chains are scrambling to pick up space again. THE CANADIAN PRESS/Nathan Denette

People shop at the Toronto Premium Outlets mall in Milton, Ont., Friday, Nov. 27, 2020. As many Canadians no longer fear congregating and vaccine passports have been dropped, real estate firms say retail and restaurant chains are scrambling to pick up space again. THE CANADIAN PRESS/Nathan Denette

Retailers’ renewed confidence in brick-and-mortar fuelling surge in commercial leases

4 min read

May 18, 2022

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

Worry, buyer’s remorse high as real estate market slowdown materializes

4 min read

May 18, 2022

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

Canada home price index posts record growth in April: Teranet

1 min read

January 7, 2022

A sold sign is shown on the west island of Montreal, Saturday, November 4, 2017. The Montreal real estate market continues to tighten as home sales rose amid a drop in listings last month. THE CANADIAN PRESS/Graham Hughes

A sold sign is shown on the west island of Montreal, Saturday, November 4, 2017. The Montreal real estate market continues to tighten as home sales rose amid a drop in listings last month. THE CANADIAN PRESS/Graham Hughes

Montreal records second busiest December homes market ever

1 min read

May 6, 2021

FILE PHOTO: A real estate sign that reads "For Sale" and "Sold Above Asking" stands in front of housing in Vaughan, a suburb in Toronto, Canada, May 24, 2017. REUTERS/Mark Blinch

FILE PHOTO: A real estate sign that reads "For Sale" and "Sold Above Asking" stands in front of housing in Vaughan, a suburb in Toronto, Canada, May 24, 2017. REUTERS/Mark Blinch

Canadian home prices could climb 14 per cent in pandemic’s second year as low rates stoke demand, CMHC says

3 min read

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