Category: Uncategorized
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Mississauga home prices drop 2.7 per cent to $968,250 in August 2025
In Mississauga, home sales dropped 8.6% with active listings rising 27.4% year-over-year. The average home price was $968,250, down 2.7% from July and 7.3% from last August. Detached homes averaged $1.36M, down 8% monthly and 12.3% yearly. Semi-detached, attached houses, townhouse-style, and apartment-style condos saw slight monthly price increases but declines compared to last year.…
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GTA Achieves Best Mid-Summer Home Sales in 4 Years
July 2025: 6,100 sales, ↑10.9% YoY New listings: 17,613, ↑5.7% YoY Average price: $1,051,719, ↓5.5% YoY Market tightening as sales outpace listings Foreign buyer ban exemptions and future relief discussed
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Q2-2025 GTA Condo Market Shows Promising Trends
Slide 1 Q2-2025 saw only 502 pre-con condos sold, down 91% from the 10-year Q2 average. Slide 2 Only 3 new condo projects launched, totaling 891 units, all outside Toronto’s city core. Slide 3 Average unsold pre-con prices hit $1,325 PSF, slightly down year-over-year but stable quarter-over-quarter. Slide 4 Construction slowed to 188 projects, representing…
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Unlocking viability: Policy changes needed to facilitate purpose-built rental housing supply
The Greater Toronto Area faces a severe shortage of purpose-built rental (PBR) housing, with a current deficit of 114,000 units and a projected shortfall of 235,000 over the next decade. Rising construction costs, high interest rates, and municipal fees hinder new developments. While some municipalities offer incentives, Toronto lags behind. Coordinated federal, provincial, and municipal…
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Ontario Housing Market Outlook by Late 2025
Ontario’s housing prices are forecast to decline slightly by late 2025. Home sales are expected to remain subdued in second half of 2025 despite some recovery
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GTA Faces Major Opportunity for 235K New Rentals
GTA faces a massive rental housing crunch: 235,000-unit deficit coming in 10 years. Rental completions will free-fall to 13,076 units by 2028, a 20-year low. GTA now depends on purpose-built rentals delivering 16,000–19,000 units yearly—but approvals drag. Without urgent action, GTA risks layoffs, stalled projects, and a deepening rental housing crisis. Mississauga leads with big…
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Achieve Your Dream Home: Ontario’s First-Time Buyer Guide
Ensure stable income, sufficient down payment, and readiness before buying your first Ontario home. Review savings, credit, and expenses; budget for mortgage, property taxes, insurance, and closing fees. Get mortgage pre-approval to clarify budget, show seriousness, and speed up purchase process. Define needs: condo, townhouse, location, or lifestyle-friendly features. Tour homes, make an offer, complete…
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GTA Rental Supply Deficit To Hit 235,000 Units Over Next Decade
The GTA faces a projected 235,000-unit deficit in purpose-built rental housing over the next decade due to rising demand, falling homeownership, and declining construction. Despite recent incentives improving feasibility in some areas, red tape and high development charges hinder growth, especially in Toronto. To address this, policy changes at municipal, provincial, and federal levels are…
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Early Signs of Recovery in GTA Low-Rise Market?
Toronto's low-rise housing market shows renewed buyer interest, with July sales up 16% from last year and nearing 2018 levels. Demand is increasing, though the market remains sluggish. The condo market is weaker, with sales up 5%, listings up 18%, but prices down 9%, marking the 15th month of declines. Some condos are selling 15-20%…
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GTA Suburbs Condo Price Slides: Buy or Wait?
Slide 1: Canada’s condo market is crashing hardest in suburbs, with some prices down over 50% from peak. Slide 2: Toronto-area spots like Halton Hills, Brampton, Mississauga, and Oakville lost far more than downtown. Slide 3: Remote-work boom fueled suburban demand, but oversupply and high rates are crushing condo values. Slide 4: Toronto condo sales…