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Buying your first home in Ontario involves navigating legal complexities. Key tips for first-time homebuyers include hiring a real estate lawyer early to review documents and protect your interests, understanding the Agreement of Purchase and Sale, conducting a title search, and reviewing mortgage documents. Be aware of land transfer tax and potential rebates, include home…

Home sales in the Greater Toronto Area declined by 11.2% in 2025 amid economic uncertainty, with 62,433 homes sold. New listings increased by 10.1%, reaching 186,753, leading to improved affordability. The average selling price dropped 4.7% to $1,067,968. December saw a 6.3% decline in benchmark prices and a 5.1% drop in average selling price to…

In December, the average home price in the Greater Toronto Area dropped 5.1% to $1,006,735. The least expensive neighbourhoods included Brampton South with a median price of $345,000, Downtown Brampton at $448,000, and Mississauga’s core at $453,500. The most expensive areas featured Humber Valley at $2,450,000 and Forest Hill at $2,170,000, known for luxury homes…

Home sales in the Greater Toronto Area in 2025 hit their lowest level since 2000, with only about half of listed homes selling. Nearly 47% of unique listings expired, were terminated, or remain unsold. There were 60,597 resale transactions, less than half the peak in 2021 and lower than during the 2008 financial crisis. The…

Buying your first home in Ontario can be challenging, especially with bad credit. Understanding your credit score is crucial, as it affects mortgage eligibility. First-time buyers can benefit from programs like the Land Transfer Tax Rebate and the RRSP Home Buyers' Plan. Increasing your down payment can improve your chances with lenders. Alternative lending options…

Counteroffers in real estate occur when sellers respond to buyers' offers with changes to price, closing date, contingencies, or earnest money. Negotiations can involve multiple back-and-forths and focus on items like possession date, repairs, and closing costs. Buyers should make strong, data-backed offers, understand all costs, respond promptly, and remain unemotional, knowing walking away is…

A down payment is the initial amount paid when buying a home, with minimums set at 5% for homes up to $500,000, 5% on the first $500,000 plus 10% on the remainder up to $1 million, and 20% for homes $1 million or more. Down payments under 20% require mortgage loan insurance, with premiums from…