Category: Uncategorized
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Happy Halloween | MrHunter.ca
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known…
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Toronto Housing Market Finds Silver Linings | MrHunter.ca
Toronto’s economy benefits from broad diversification, reducing vulnerability to global trade shocks. Rental prices continue trending lower, improving affordability for residents. A strong pipeline of new rental units is set to boost future housing supply. Increased rental options are creating more competitive conditions across the housing market. Improving affordability could open the door for more…
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Toronto Home Sales and Listings Rise While Prices Drop
Toronto home sales rose 8.5% year-over-year in September, with 5,592 transactions and a 4% increase in new listings to 19,260. Seasonally adjusted sales increased month-over-month, while new listings declined, indicating potential market tightening. The MLS Home Price Index fell 5.5%, and the average price dropped 4.7% to $1.05 million. Further interest rate cuts could boost…
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Housing Starts in Toronto Drop Significantly Year-to-Date | MrHunter.ca
Single-Detached Housing Starts in Jan–Aug: 2,044 units, ↓ 28% yearly All Others Housing Starts in Jan–Aug: 14,407 units, ↓ 47% yearly Total Housing Starts in Jan–Aug: 16,451 units, ↓ 46% yearly Canada Total Housing Starts in Aug: 3,806 units, ↓ 10% yearly Canada Total Housing Starts in Jan–Aug: 156,283 units, ↑ 4% yearly
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Budget watchdog says home affordability is getting better – but not everywhere
Canada's housing affordability gap narrowed from 80% in September 2023 to 34% in August 2025 due to lower borrowing costs, stronger wages, and cooler home prices. Affordability varies widely by city, with Halifax having the largest gap and Edmonton the smallest. While mortgage debt service ratios improved nationally, expensive markets like Toronto and Vancouver remain…
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Housing supply report reveals regional differences
Housing starts in seven major Canadian cities remained flat in early 2025, with declines in Vancouver, Halifax, and Toronto, where condo starts dropped 60%, hitting a 30-year low. Rental construction rose due to government support, offsetting condo declines. Calgary and Edmonton saw growth from favorable policies and zoning. Challenges include high development charges, slow approvals,…
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Toronto home sales rose 8.5% in September as prices decline
Toronto home sales rose 8.5% in September with 5,592 homes sold, while average prices declined 4.7% to $1,059,377. The Bank of Canada's interest rate cut to 2.5% helped boost affordability, increasing sales across all property types, especially semi-detached and detached homes. New listings rose 3.9%, and active listings increased 18.9%. Further rate cuts could enhance…
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Toronto Housing Starts Near Three-Decade Low | MrHunter.ca
2025 Toronto pace: lowest since 1996, led by ↓ condo construction Condo starts ↓60% YoY; rental-apartment starts ↓ 8% YoY High costs, charges, and ↓ investor demand caused delays National housing starts flat as Toronto, Vancouver declines offset other cities' growth CMHC: Ongoing slowdown risks future supply, workforce, costs
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Major Rent Drops Hit Toronto in Late-Summer | MrHunter.ca
Slide 1 Toronto home and rental prices keep sliding, hitting tenants and owners with real losses. Slide 2 One-bedroom apartments in Toronto dropped 12% since August 2024, easing tenant budgets slightly. Slide 3 Two-bedroom units saw even bigger drops, falling 12.5% year-over-year in Toronto. Slide 4 Toronto and Vancouver now lead Canada in rental declines,…
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What’s Slowing Toronto Housing Recovery by 2027? | MrHunter.ca
Slide 1: Toronto’s housing starts fell to the lowest level since 1996, hitting a 30-year low. Slide 2: Purpose-built rental starts declined ~10%, yet remain above Toronto’s 10-year average. Slide 3: High construction costs, tariffs, and limited municipal infrastructure are slowing new Toronto projects. Slide 4: Recent completions boosted resale supply, softening prices and increasing…