Browsing: Real eState

The average GTA condo sold for $617,593 in August. With 20 per cent down at a best five-year fixed rate, the mortgage runs about $2,583 a month against an average Toronto asking rent of $2,571 — a gap of roughly $12. The down payment is still $123,519.

Just 156 condominium units started construction in the City of Toronto in the first half of 2026, against a previous-decade average of about 7,000 a year. CMHC’s Fall 2026 Housing Supply Report finds Canada’s housing shortfall is now concentrating in the homes people buy, with Toronto rental apartment starts overtaking condo starts for the first time since 1994.

Equifax data shows Canadian businesses paying suppliers while missing bank payments, and mortgage holders missing everything except the mortgage itself.

Nova Scotia’s average asking rent hit $2,356 in August, the country’s highest for a fourth straight month, even as national rents fell 4.8 per cent.

Build Canada Homes turns one with 19 partnerships signed. The parliamentary budget officer forecasts 26,000 units over five years, up 2.1 per cent.

Ontario bills 2026 property taxes on Jan. 1, 2016 values. A study of 3,400 Vaughan sales found two homes with near identical prices taxed $528 apart.

Statistics Canada’s second-quarter rent data shows asking rents down 3.6 per cent nationally, but in Calgary, Regina and Edmonton existing tenants pay more than new ones.

Four Canadian real estate boards reported August condo prices within nine days. Calgary’s fell 8.2 per cent, Montreal’s rose four. The gap is the story.

Affordability improved for a record 10th straight quarter in Q2 2026. National Bank data shows the entire gain came from falling prices, not cheaper rates.

CMHC counted 141,480 homes with permits but no construction in July. A Canadanewsmedia analysis finds the backlog is widest in Quebec City and Calgary.