Toronto landlords must now obtain a licence from the city before carrying out repairs or renovations that force tenants to move out, and must apply for this licence within seven days of giving a notice of ending tenancy — known as an N13 notice — to the renter.

With the new bylaw in effect, some tenant advocates say they are already noticing a difference in landlords’ actions.

British statesman Winston Churchill once said, “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

In many ways, that characterizes what we are doing with development charges (DCs) on new housing. Municipalities are unilaterally imposing the levies on new development to foot the bill for capital costs of infrastructure like roads, water, sewage and power services to support growth.

In the end, it is self-defeating as new homeowners end up paying exorbitant fees that raise the cost of housing.

Premier Doug Ford’s government is ordering Ontario public servants to work from the office four days a week starting this fall and then full-time in January.

It’s a change from a policy that has been in place since April 2022, when provincial government employees were mandated to be in their offices at least three days per week.

Employees of the Ontario Public Service, provincial agencies, boards and commissions must “increase their attendance to four days per week” starting Oct. 20 and transition to full-time hours in-office effective Jan. 5, 2026, said Treasury Board President Caroline Mulroney in an announcement Thursday. 

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.