The number of homes sold in September dipped by 1.7 per cent compared to the previous month, breaking a five-month streak of increased sales activity, according to new data from the Canadian Real Estate Association (CREA).

There were 39,938 residential properties sold across the country last month, down from 40,615 sales in August.

The benchmark home price ticked down 0.1 per cent month over month and down 3.4 per cent year over year. The national average price of a home was $676,154 for the month.

Despite the fact that Toronto’s unhoused population has more than doubled since 2021, the City is set to receive a fraction of the Canada-Ontario Housing Benefit (COHB) funding in its sixth year that it did in both its fourth- and fifth-year allocations.

Toronto Mayor Olivia Chow wrote in a letter that went to the Executive Committee on Monday that the Province allocated $38 million to Toronto from the COHB between April 2024 and March 2025, and $19.75 million from April 2025 to March 2026 — but between April 2026 and March 2027, the City will receive only $7.95 million, representing an almost 60% decrease year over year.

Launched in April 2020, the COHB pays the difference between 30% of eligible households’ income and the average market rent in the area, and is supported by provincial and federal funding. Chow said in her letter that the program “is the single most effective tool we have for freeing up beds in our shelter system so that more people can come indoors from streets and parks.”

In a real estate landscape where choice is often limited and transparency is all too rare, Hyyve is rewriting the rules — and making the process work better for everyone involved.

Fresh off its recent launch, the Toronto-based platform is quickly gaining traction for the way it empowers sellers, attracts serious buyers, and gives agents a more direct, performance-based path to listings.

But what’s perhaps most striking about Hyyve is how effectively it balances the needs of all key players in a real estate transaction — sellers, buyers, and agents — in one unified experience.

If a renter in Toronto wants to dedicate about a third of their paycheque to a one-bedroom apartment each month, they should be making roughly $44 an hour.

That’s according to Zoocasa, a real estate website, which crunched the numbers after several provinces recently raised their minimum wages to keep pace with the rising cost of living.

As of Oct. 1, Ontario raised that wage to $17.60 per hour, reflecting a $0.40 increase from the previous rate.

Canadian housing starts, also known as new home construction, rose 14 per cent in September compared with the previous month — a sharper increase than expected, data from the national housing agency showed on Thursday.

The seasonally adjusted annualized rate of housing starts was 279,234 units, up from a revised 244,543 units in August, the Canada Mortgage and Housing Corporation (CMHC) said.

Economists had expected new builds to rise to 255,000 units.

In a real estate landscape where choice is often limited and transparency is all too rare, Hyyve is rewriting the rules — and making the process work better for everyone involved.

Fresh off its recent launch, the Toronto-based platform is quickly gaining traction for the way it empowers sellers, attracts serious buyers, and gives agents a more direct, performance-based path to listings.

But what’s perhaps most striking about Hyyve is how effectively it balances the needs of all key players in a real estate transaction — sellers, buyers, and agents — in one unified experience.

Canada’s fall housing sales saw an “uneven and fragile” market in September, a new report from the Royal Bank of Canada shows.

September data from local real estate boards showed a “low-key start to the fall for Canada’s housing market,” the report said.

While some major markets — Winnipeg, Regina, and Toronto — saw home resales go up from August to September, most markets remained tepid.

Vancouver, Calgary, Edmonton, Saskatoon, Hamilton, Ottawa, Montreal and Halifax saw slight declines, “suggesting the recovery is still uneven and fragile,” RBC economist Robert Hogue said in the report.

Anyone who has driven down Eastern Avenue between the bustling east-end neighbourhoods of Leslieville and The Beaches (or The Beach) has no doubt noticed the sprawling multi-building white condo taking shape along the road.

This week, the city and the Toronto Community Housing Corporation announced the opening of Don Summerville, a mixed-income, mixed-tenure housing community that they say “sets the bar for new housing developments in Toronto.” 

The Greater Toronto Area is experiencing an unprecedented spike in distressed property sales, with Power of Sale listings surging from just five in September 2020 to 472 last month, according to analysis by the Globe and Mail.

The crisis intensified throughout 2025, with the year already recording 1,232 new Power of Sale listings by September—surpassing all of 2024. Current active listings have increased 59% from the same period last year, with some estimates suggesting that as many as 780 such properties now represent roughly 3% of all GTA listings.

Thirty-three $500,000 “attainable” condo units are being built in Toronto’s east end by the provincial and municipal governments.

As part of a six-storey condo development at 355 Coxwell Ave., the two levels of government are partnering with the nonprofit housing organization, Habitat for Humanity.

According to the provincial government, 22 of the 33 units will be large enough for families to live in. Construction preparations for the building are underway, with the units set to be ready for occupancy by 2027.

Habitat for Humanity called the units “attainable ownership homes” designed for “working families.”

Two years ago, Premier Doug Ford promised Ontarians that the province would soon offer modular “starter homes” for sale for $500,000 or less.