The Ford government is expecting to spend $470 million to give first-time Ontario homebuyers a tax break on new homes — a figure first revealed in Thursday’s fall economic statement.

The federal government’s latest budget may prove too restrained to lift Canada’s slowing economy, potentially leaving the Bank of Canada with little choice but to reduce interest rates again, economists said Wednesday.

Home sales in the Greater Toronto Area (GTA) were down year-over-year in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates.

A growing number of Canadians could face difficulties making mortgage payments when they renew their loans this year and next, according to a new report.

Lower rates ease payments, but buyers and lenders stay cautious

The Bank of Canada has lowered its benchmark interest rate, cutting by 25 basis points amid continuing signs of a softening national economy.

Newly-built condos in the Greater Toronto Area continued to be a difficult sell in September, with a 44 per cent drop in sales compared to the same month a year ago.

The Ford government will waive its portion of the sales tax on new homes for first-time buyers up to the value of $1 million as it bids to stimulate slumping home sales and housing starts in Ontario.

Policy-makers in Washington and Ottawa will take the spotlight in the coming week, with interest-rate cuts in those two capitals likely while the rest of the Group of Seven stays on hold.

Toronto’s condo market is undergoing a major transformation, and investors are heading for the exit.

After a year of expected rate cuts, forecasters are starting to question how long Canada’s easing cycle will last—and whether rates might start rising again in 2026.

Once the country’s hottest real estate region, the Greater Toronto and Hamilton Area condo market hit a 35-year low this year, according to a new report by real estate research firm Urbanation.

The number of home sales recorded over Canadian MLS® Systems declined by 1.7% on a month-over-month basis in September 2025, ending a string of gains that began in April. That said, it was still the best month of September for sales since 2021.

The Royal Bank of Canada (RBC) has projected that the Bank of Canada (BoC) will deliver another 25 basis point rate cut in October, following its September move to restart the easing cycle.

Canada’s financial watchdog has sharpened its focus on two emerging threats - tariffs and housing market strains - amid ongoing uncertainty in the global and domestic economy.

Canada’s commercial real estate market weathered economic headwinds in Q3 2025, as investors doubled down on high-quality assets and signaled renewed optimism for the office sector, according to Avison Young’s latest cap rate report.

Home sales in the Greater Toronto Area (GTA) rose in September 2025, with 5,592 transactions reported — an 8.5% increase from a year earlier — as more buyers entered the market following the Bank of Canada’s interest rate cut, which lowered borrowing costs and made monthly mortgage payments more affordable. On a seasonally adjusted basis, sales also increased from August while new listings declined, indicating slightly tighter conditions in some market segments.

The weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe, Canada’s housing agency said in a report out Wednesday.

Don't expect a big immediate jump in purchase activity, but experts suggest there's cause for cautious optimism

The Bank of Canada has reduced its benchmark rate by 25 basis points, moving back into rate-cutting mode amid signs of a weakening economy and sluggish labour market.