Category: Uncategorized

In November 2025, Markham's average home price was $1.15 million, down 6.6% from October and 10.3% from the previous year. Sales dropped 12.7% with 219 homes sold, while active listings rose 17.3% to 1,036. Prices fell across all home types, including detached ($1.6M), semi-detached ($1.07M), attached ($1.09M), townhouse condos ($740K), and apartment condos ($624K). Prices…

Toronto's Garden Suite movement offers homeowners a way to add self-contained backyard homes, providing rental income, multigenerational living, and increased property value. Approved by the city in 2022, these units must meet height, setback, and servicing regulations. Costs range from $250,000 to $450,000 plus permits. Garden suites promote sustainable urban density, energy efficiency, and community…

Housing starts in the Greater Toronto Area and Greater Golden Horseshoe dropped 34% in early 2025, with condo starts plunging 51%, while purpose-built rental starts rose 42%. Residential construction job losses are mounting, with 35,377 fewer person-years of employment. High taxes, making up 36% of new home costs, are a major factor. The struggling market…

Toronto's housing market correction deepens as November sales dropped over 15% year-over-year, hitting near-record lows, while inventory reached a decade high. Detached homes saw the largest price declines, down 8%, whereas downtown condos showed price stability with only a 1.7% drop. Rising estate-related listings reflect structural supply growth. Market activity slows with longer days on…

If you're looking to secure a mortgage in Ontario with a low income, it's essential to prepare your application paperwork, including identification, income statements, and bank account details. Consider alternative mortgage solutions from high-risk lenders who are more lenient. Create a budget to understand your financial situation and start a savings plan for mortgage payments…