If you're a first-time home buyer, the edge you've been looking for has finally arrived!

New rebates are available from the federal government and Ontario's provincial government which will now give you the chance to claim significant savings on your first home. These rebates will remove both the GST and the provincial portion of the HST in Ontario on new homes priced up to $1 million and will further reduce the taxes for homes priced between $1 million and $1.5 million. This tax incentive is designed to lend a hand to those who have stayed on the sidelines of the housing market due to its...

August 2025 home sales reported in the GTA through TRREB's MLS® System inched up by 2.3% year-over-year, with homebuyers benefiting from an influx of new listings. Over 14,000 new home listings were entered into the MLS® System in the month, an increase of 9.4% from August 2024, attracting well-educated buyers who were able to negotiate home prices downward in the midst of a well-supplied market.

The result: the MLS® Home Price Index Composite benchmark dropped 5.2% YOY in August 2025. On a month-over-month seasonally adjusted basis, both the MLS ® HPI Composite and average selling price...

Current unrest in the real estate market is not market-wide. In fact, according to the CBC, "12 properties worth more than $10 million were sold in the Greater Toronto Area between January and June, seven of them in Toronto proper." That compares to just four sales in that category in the same period last year!

In the GTA, where listings have edged up more than 30% as average prices continue to fall and sales of condos over $1 million have fallen 29% year over year, Toronto's "ultra-luxury real estate market" is proving resilient with a 200% YOY increase in sales! As Warren Buffet once...

Improved affordability in the housing market should've made a marked impact in higher home sales, but with the instability south of the border and an increase in listings, homebuyers were able to take advantage of that increased housing inventory and once their search had ended, still negotiate a lower price with confidence. 

GTA REALTORS® reported 6,244 home sales through TRREB’s MLS® System in May 2025 – down by 13.3 per cent compared to May 2024. New listings entered into the MLS® System amounted to 21,819 – up by 14 per cent year-overyear.

“Home ownership costs are more affordable this...

Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home.

“Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power. Once consumers feel confident in the economy and their job security, home buying activity should improve,” said Toronto...

“A growing number of homebuyers will take advantage of lower borrowing costs as we move toward the 2025 spring market, resulting in increased transactions and a moderate uptick in average selling prices in 2025. However, the positive impact of lower mortgage rates could be reduced, at least temporarily, by the negative impact of trade disruptions on the economy and consumer confidence,” said TRREB Chief Market Analyst Jason Mercer. 

The 2025 Outlook

For 2025, TRREB forecasts:

• A total of 76,000 home sales in 2025, up by 12.4 per cent over 2024. Lower borrowing costs coupled with ample...

Real estate experts say the latest interest rate cut from the Bank of Canada will spur activity in the new year, leading to markets heating up in the winter months.

The Bank of Canada moved to lower its key policy rate Wednesday by 50 basis points to 3.25%. The move marked the fifth consecutive rate cut since June, while the central bank signalled a slower pace of rate cuts moving forward. Victor Tran, a mortgage and real estate expert with RATESDOTCA, said in a statement to BNNBloomberg.ca Wednesday that there has already been a steady increase in home sales activity over the past month,...

Ontario MLS® home sales surge in October

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 15,893 units in October 2024. This was a substantial increase of 36.7% from October 2023.

Home sales were 8.6% below the five-year average and 11.7% below the 10-year average for the month of October.

On a year-to-date basis, home sales totalled 147,074 units over the first 10 months of the year. This was a small gain of 1.7% from the same period in 2023.

Nationally, home sales activity posted a substantial increase of 30% from year-ago levels in...

News release - Minister of Finance

September 16, 2024 - Ottawa, Ontario - Department of Finance Canada

Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly younger generations, buy a first home, new mortgage rules came into effect on August 1, 2024, allowing 30 year insured mortgage amortizations for first-time homebuyers purchasing new builds.

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced a...