Canada’s 2025 luxury market rises amid challenges
15 Jan

Canada’s 2025 luxury market rises amid challenges

Editor's Picks, Real Estate
REM The influx of 471,771 new permanent residents in 2023—and a targeted 485,000 for 2024—was a transformative force in driving luxury real estate demand across Canada’s major cities, according to the Sotheby’s International Realty Canada Top-Tier Real Estate: 2024 State of Luxury Annual Report. The Bank of Canada’s monetary easing, which began in June, further fueled market momentum. Although affluent buyers are less affected by mortgage rates, successive interest rate cuts enhanced consumer confidence and facilitated movement from conventional markets into entry-level luxury segments. By October 2024, home sales activity across Canada’s MLS systems climbed 7.7 per cent month-over-month—the highest…
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10 Exciting GTA Developments Set To Complete In 2025
13 Jan

10 Exciting GTA Developments Set To Complete In 2025

Invest, Trend
STOREYS While it’s no secret that new development in the Greater Toronto Area (GTA) virtually ground to a halt in 2024 thanks to recent market conditions, an assortment of new and notable projects are anticipated to be brought to completion across the region in 2025. Of course, these were planned (and paid for) before sky-high interest rates, climbing development fees, and heightened costs to build saw the number of new starts plummet throughout the GTA (and much of the country). Nonetheless — from a future-forward college campus, to a sleek hotel, and eye-catching condos unlike anything the region has seen…
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How Trump’s Tariffs Could Impact Canadian Real Estate Market
10 Jan

How Trump’s Tariffs Could Impact Canadian Real Estate Market

Editor's Picks, Housing, Opinion, Trend
STOREYS In late November, President-elect Donald Trump took to X to share that, once sworn in on January 20, he would impose a 25% tariff on all imported goods from Mexico and, yes, Canada. Nearly two months later, Trump seems to be sticking to his guns, raising alarm amongst Canadian politicians. On January 3, Trump added fuel to the fire, posting on X, "The Tariffs, and Tariffs alone, created this vast wealth for our Country [...] Tariffs will pay off our debt and, MAKE AMERICA WEALTHY AGAIN!" The reaffirmation of his November threat was followed by post, also on X,…
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Affordability is the Key: Canada’s 2024 housing trends
10 Jan

Affordability is the Key: Canada’s 2024 housing trends

Editor's Picks, Real Estate, Trend
REM In 2023, Ontario dominated Canada’s housing searches. Last year, Alberta cities like Edmonton and Calgary captured attention, with their more affordable housing and lower living costs, reports Zoocasa. This trend shows in Canada’s top five searched cities last year: Toronto, Edmonton, Calgary, Mississauga and Vancouver.     Toronto remains the leader, with one-bedroom rents averaging $2,374 and home prices at $1,061,700. Vancouver follows, with Canada’s highest rents at $2,534 and even higher home prices averaging $1,172,100. Mississauga, a city offering more affordable rents at $2,279, remains a key option for those seeking proximity to Toronto’s bustling urban core.    …
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2024’s GTA real estate—a buyer’s market with a catch
09 Jan

2024’s GTA real estate—a buyer’s market with a catch

Editor's Picks, Real Estate,
REM As we reflect on 2024’s market, I can’t help but draw parallels to another pivotal moment in Toronto’s real estate history: the dramatic correction of the early 1990s. Back then, Toronto experienced what many considered unthinkable: a six-year decline that saw average home prices plummet by 28 per cent from their 1989 peak. The catalyst? A perfect storm of rising interest rates, recession and overbuilding that burst what was then considered Toronto’s first major housing bubble.  That correction fundamentally reshaped the market. Properties that had been snapped up for $500,000 in 1989 were selling for $350,000 by 1996. Developers…
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Seniors lead Canada’s solo renter revolution, larger dwellings preferred
06 Jan

Seniors lead Canada’s solo renter revolution, larger dwellings preferred

Trend
REM Solo renting is becoming a defining trend in Canada’s housing market, with seniors aged 65 and older emerging as the largest demographic driving this shift, a Point2Homes study shows. With 4.4 million Canadians living alone in 2021—over 2.6 million of which are in Ontario and Quebec—one-person households have doubled since 1991, and solo renters now comprise over 50 per cent of this group, surpassing solo homeowners. This surge reflects broader societal changes. Rising housing costs have made homeownership unattainable for many, particularly in urban centers like Toronto, Vancouver and Montreal.  Renting offers a more accessible option, allowing individuals to…
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End Users, Estate Sales, And Inheritance To Drive Vancouver Market In 2025
30 Dec

End Users, Estate Sales, And Inheritance To Drive Vancouver Market In 2025

Editor's Picks, Trend,
STOREYS As far as year-ahead predictions go, industry observers say not much will change from this year to next in the Vancouver housing market, despite interest rate drops. Realtor and investor Bryan Yan, who has a solid record of market forecasts, said the prime rate must drop to below 5% for price escalations between five and 10%. Right now, at 5.45%, it’s not enough to shift the market into a higher gear, and so he expects a buyers' market to continue. “Most places are selling at or below assessment, about 5% below assessed value right now,” said Yan. “So, if…
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Most-Read Stories Of 2024
30 Dec

Most-Read Stories Of 2024

Real Estate, ,
STOREYS Over the past year, we’ve run close to 1,400 stories — some that centred around the economy and public policy, others built around statistics that struck us, some that highlighted and celebrated budding housing developments, and, like it or not, many that brought to light insolvencies, foreclosures, and court-ordered sales. While there’s importance to be found in every story we publish, there were some that stood out from the rest, striking a chord (and in some cases, a nerve) with our readers. In no particular order, these were (some) of our most-read stories of 2024. RBC Now Forecasting First…
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Top 5 news stories that shaped 2024 for Canadian Realtors
30 Dec

Top 5 news stories that shaped 2024 for Canadian Realtors

Real Estate, Top News,
REM As 2024 wraps up, it’s clear that Canadian Realtors have seen some big changes—whether it’s new regulations, shifting market conditions, or key decisions from major players in the industry. This year has had its fair share of stories that have left a mark on the industry. Real Estate Magazine is taking a look at the top five news stories that shaped the year. From government policy changes to shifts in market trends, these stories are bound to influence the direction of the industry in 2025 and beyond.   Competition Bureau investigates CREA Canada’s Competition Bureau is investigating two of…
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Canadian home sales rise 12% quarter-over-quarter in Q4: TD Economics
30 Dec

Canadian home sales rise 12% quarter-over-quarter in Q4: TD Economics

Real Estate, Top News, Trend,
REM The Canadian housing market is wrapping up 2024 with unexpected momentum. A significant upswing in home sales growth during the fourth quarter has shifted expectations, pointing to a more optimistic trajectory for 2025,  according to the latest report from TD Economist Rishi Sondhi.   A Q4 surge   TD Economics estimates Canadian home sales have risen approximately 12 per cent quarter-over-quarter in Q4 of 2024, with the strongest gains coming from British Columbia and Ontario—“a major change relative to our September projection,” Sondhi writes. “Given the upgrade to the starting point, we now see sales reaching (and surpassing) their…
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