Canada’s housing market is likely to continue a “gradual recovery” in the second half of the year but a glut of listings in Ontario and British Columbia will likely “keep prices under pressure” in those markets until 2026, a new report from RBC suggests.

RBC’s report says that “supply-demand conditions have shifted in buyers’ favour,” in Ontario. The province has more homes for sale than it has since June 2010. The report suggests that Ontario’s large inventory and competition among sellers will cause prices to drop at steeper rates than other provinces before the market begins to “stabilize” in early 2026.

In contrast, Ontario and B.C. will continue to face challenges with “imbalances in condo markets in Toronto and Vancouver likely spilling into other segments.“

Real Estate Council of Ontario (RECO) has announced that Mississauga-based iPro Realty Ltd., one of the province’s largest brokerages, will permanently close all 17 of its locations effective Aug. 19. 

The closure follows the discovery of a $10 million shortfall in the company’s consumer deposit and commission trust accounts during a scheduled inspection. The amount has since declined to less than $8 million, RECO confirmed. 

RECO’s registrar Joseph Richer told Real Estate Magazine that the council has not yet confirmed the number of consumers or agents affected.

Not long ago, coworking was seen as a niche segment—creative, agile, but speculative. That perception has since shifted. Today, as major institutional players double down on flexible workspace, one thing has become increasingly clear: Coworking isn’t a stopgap; it’s a resilient and essential part of the global commercial real estate ecosystem.

According to Allied Market Research, the global coworking space market was valued at $9.2 billion in 2022 and is estimated to reach $34.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 14.6%. That is exponential growth.

As a tariff storm blew in from south of the border earlier this year, many industries in Canada, including the home building sector, feared the unknown ahead of them.

With stakeholders already keenly aware of the need to rapidly scale up housing supply and improve Canada’s housing affordability gap, blanket tariffs and more targeted material-specific levies meant additional unwelcome obstacles to overcome.

That included a potential need to slow down the pace of construction as supply chains shifted and key construction parts became more expensive.

“I would say that’s been borne out,” said Cheryl Shindruk, executive vice-president of Geranium Homes, a residential developer in southern Ontario.

TORONTO (Reuters) -The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier 10-day high, as oil prices dipped and ahead of domestic employment data that could guide expectations for Bank of Canada interest rate cuts.

The loonie was trading 0.1% lower at 1.3753 per U.S. dollar, or 72.71 U.S. cents, after touching its strongest intraday level since July 28 at 1.3719.

A new report from Urbanation and Rentals.ca shows the Ontario real estate market to be declining, with most of the Greater Toronto and Hamilton Area seeing drops in average rents in July.

The report found Toronto’s rental market to still be in decline. One-bedroom rentals in Toronto are up 0.1 per cent from last month but down 6.4 per cent from last year.

Two-bedrooms are down half a percentage point from last month and down 8.8 per cent from the same time last year.

Overall, average rent in Toronto dropped to $2,593.

Calgary’s luxury resale real estate market may be returning to a balance between buyers and sellers after years of strong demand, but one segment of the high-end market still running hot is a new type of home that offer downsizers a lock-and-leave lifestyle.

Downsizers “don’t want to give” up luxury, says Mary-Ann Mears, managing broker and real estate agent with Sotheby’s International Realty Canada in Calgary.

Canada’s social and affordable rental housing stock is aging, and many units require repairs, as rent prices continue to increase, according to new data from the Canada Mortgage and Housing Corporation (CMHC). 

The findings, based on survey responses and administrative records, offer insight into the condition, rent, and vacancy of nearly 593,000 subsidized housing units across all provinces and territories from 2019 to 2024.

The findings largely focus on housing in major urban centres. Toronto alone accounts for nearly 30 per cent of the surveyed units, while Vancouver, Ottawa and Montreal collectively make up another 17 per cent.

Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market as President Donald Trump ramps up tariffs.

Job growth totaled a seasonally adjusted 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000, the Bureau of Labor Statistics reported Friday. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels.

At the same time, the unemployment rate rose to 4.2%, in line with the forecast.

The June total came down from the previously stated 147,000, while the May count fell to just 19,000, revised down by 125,000.

For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it says a turnaround could be looming following increased activity in June.

The association reported that the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago. Canadian home sales last month also increased 2.8 per cent compared with May on a seasonally adjusted basis.

In its outlook released Tuesday, CREA said it now expects a total of 469,503 residential properties to be sold this year, a three per cent decline from 2024. In April, the association forecast the number of home sales for 2025 to remain essentially unchanged from last year, which itself marked a steep cut from its January forecast of an 8.6 per cent year-over-year increase.