Statistics Canada: Investment in building construction, June 2026
Investment in building construction fell 0.5% to $23.2 billion in June, despite an 18.5% rise in building permits. Residential investment dropped 0.6%, led by a 1.9% decline in multi-unit construction, while single-family homes rose 0.9%. Non-residential investment edged down 0.1%, with commercial construction falling 0.7%, but institutional and industrial components increased. Quarterly investment rose 2.1%, […]
How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
Will Canada’s Rates Rise Again in 2027?
The Bank of Canada is currently holding at 2.25%, but several major-bank forecasts now anticipate gradual increases during 2027. Stronger economic growth could give policymakers more room to normalize rates if inflation pressures remain persistent. Higher rates would raise borrowing costs for households and businesses while potentially improving returns on savings and fixed-income investments. Investors […]
POV: You’re House Hunting In Toronto—Here’s The Catch
CMHC expects Toronto sales to increase in 2026, even while prices remain below recent peaks. Here’s the overlooked part: today’s abundant inventory could give patient buyers more choice and negotiating room. Royal LePage expects GTA prices to decline 2% by Q4 2026, while activity continues building. The bigger opportunity may be buying when competition is […]
New home sales in Ontario surge in second quarter, industry says
Ontario's new home sales surged by 130% in the second quarter, rising from about 3,600 to over 8,400, largely due to a federal HST rebate reducing prices by up to $130,000. This boost helped save an estimated 17,000 construction jobs at risk. The increase mainly affected single-family and detached homes, while condominiums saw smaller gains. […]
Ontario new home sales jump 130 percent after enhanced HST rebate, but condo market still lags
New home sales in Ontario surged 130% in Q2 to 8,410 units after an enhanced HST rebate took effect, mainly boosting low-rise housing sales, which doubled year-over-year and exceeded the 10-year average. Condo sales rose 12% but remain 88% below the decade norm. The rebate offers up to $130,000 in tax relief on new homes […]
Ontario New-Home Sales Ticked Up In Q2, HST Rebate Program Credited
Ontario new-home sales rose 130% year-over-year in Q2 2026, reaching 8,410 units, driven by the enhanced provincial-federal HST rebate program. The rebate accounted for 4,765 incremental sales, supporting an estimated 17,300 construction jobs, $2.8 billion in GDP, and $1.4 billion in government revenues. Additional economic gains are expected as the Development Charge Reduction Program is […]
Canada’s Affordability Streak Hits 10 Quarters
Mortgage rate relief was no longer expected to support affordability, shifting attention to home prices and income growth as the main drivers ahead. Over the next year, economists expected mortgage rates to stay steady or edge higher, making future affordability progress more reliant on price moderation. Slower population growth was expected to limit housing demand […]
Are Lower Rates Reviving Buyers?
Falling mortgage rates are improving affordability and encouraging more Canadians to resume postponed home-buying plans. Household formation remains resilient despite slower national population growth this year. More first-time buyers are expected to support activity across the broader resale market. Market confidence is forecast to improve gradually through late 2026.
GTA Market Cools as Prices and Sales Ease
In Early-Q3, Greater Toronto recorded ~6K home sales, ↓~1% yearly after four months of yearly gains, though activity still improved ↑~3% MoM. Avg. selling price was ~$1M in Early-Q3, with the typical-home benchmark also ↓~5% yearly, showing buyers still held pricing leverage across much of Greater Toronto. By housing type, detached sales edged ↑~1% yearly, […]