On April 10th, the Ontario Ford government introduced a comprehensive bill aimed at simplifying home construction and approval processes across the province. The new Cutting Red Tape to Build More Housing Act would include provisions to decrease the required amount of parking for developers, implement expedited procedures for building student housing, and enforce a use-it-or-lose-it

According to an Edge Realty report, in February, provincial real estate markets experienced varied trends, while Canada overall continued to face affordability challenges. Source: Edge Realty Home Sales February saw a notable decrease in demand for homes across Canada, with seasonally adjusted home sales for the country overall dropping by 3.1% month-over-month (m/m). However, this

The Ontario housing market in March 2024 showed some subtle shifts, with moderate declines in monthly home sales and a rise in new and active residential listings, resulting in a growing inventory. Meanwhile, the average price of resale homes continued to rise. Home Sales In March 2024, residential sales activity in Ontario, as reported through

On April 10, 2024, the Bank of Canada announced it was keeping its overnight rate target at 5%, alongside a Bank Rate of 5.25% and a deposit rate of 5%. It also maintained its strategy of reducing money in circulation, for quantitative tightening. The Bank predicts the global economy will grow around 3%, with inflation

An Altus Group study found that, in the final quarter of 2023, the Greater Toronto Area (GTA) witnessed a total dollar volume of $22.8 billion in 2023’s final quarter, showing a drop of roughly 25% compared to the year before. Despite this slight deceleration, Toronto has kept its place as one of the top three