Ontario Archives - Mortgage Rates & Mortgage Broker News in Canada

Minister of Housing, Infrastructure and Communities Nate Erskine-Smith

Housing Minister Erskine-Smith calls on Ontario to do more for social housing

January 23, 2025 No Comments

Federal Housing Minister Nate Erskine-Smith is calling on the Ontario government to do more to address social housing needs in the province.

Toronto’s proposed 2025 budget includes 6.9 per cent property tax increase

January 13, 2025 No Comments

The City of Toronto is proposing to increase property taxes by 6.9% this year to help fund its $18.8 billion operating budget for 2025.

Strong finish for Ottawa’s real estate market in 2024

January 13, 2025 No Comments

Ottawa’s real estate market wrapped up 2024 with a solid uptick in activity, as December home sales rose 7.9% year-over-year.

Greater Toronto home sales dip in December to cap ‘transitionary’ 2024: board

January 7, 2025 No Comments

Greater Toronto home sales fell slightly last month to cap a year that saw buyers take advantage of “substantial negotiating power” on price.

Greater Toronto home sales continue post-rate cut surge: real estate board

December 4, 2024 No Comments

Greater Toronto home sales jumped again last month on a year-over-year basis, with one real estate expert saying the most recent interest rate cut in October was enough to start luring buyers back into the market.

Ontario Finance Minister Peter Bethlenfalvy

Ontario lowers projections for how many new homes will be built

October 30, 2024 No Comments

Ontario is lowering its projections for how many new homes will get built in the province over the next few years, putting the government further off the pace needed to meet its target.

Toronto home sales rose in September as buyers took advantage of lower rates, prices

October 3, 2024 No Comments

Home sales in the Greater Toronto Area rose in September as buyers began taking advantage of a more accessible market, said the Toronto Regional Real Estate Board.