Tag: housing
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Real-estate firm plans to turn $500M worth of Toronto condo stock into rentals
CBC News May 14 2026. This is a major move by a real-estate investment firm to purchase roughly $500 million worth of unsold Toronto condominium units and convert them into purpose-built rental housing. The company believes many condo developers are struggling to sell units because of high interest rates, weak investor demand, rising construction costs,…
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Ontario rolls out up to $130,000 in HST savings on new homes—but is it enough to move the market?
Ontario’s housing market is currently facing a significant slowdown, with many new construction projects being delayed or cancelled and thousands of jobs at risk. In response to this downturn, the provincial government has introduced a temporary measure aimed at stimulating both home buying and construction activity. At the center of this initiative is an expanded…
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CIBC Report on economic outlook in Canada:
In a recent report by CIBC, economists observed that home prices in Ontario are “still too high to buy, but not high enough to build.” This statement captures the unusual imbalance currently shaping the province’s housing market. Prices remain elevated relative to incomes, limiting affordability for many buyers, yet they are not high enough to…
LATIF NIZAMANI Realtor 