Blog

Bill C-4 became law, targeting affordability for first-time buyers and middle-class taxes.
New homes <$1M: GST eliminated for first-time buyers; $1M–$1.5M: GST reduced.
Government says savings reach $50K, helping young people and families buy.
Tax change: marginal rate 15%→14% for incomes <$117,045, backdated to July 1, 2025.
Fuel charge removal began after April 2025 election; government cites gas ↓18¢/L.
Toronto remains pricey: GTA avg. sale $1M+ in February; mixed reactions online.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

Toronto housing starts are down 10% compared to last year, which points to a slowdown in construction across our city’s larger urban market. Right now, there are 37 building permits in Toronto tied to about 6,600 condominium apartment units—these are approved, but construction hasn’t begun yet. Some of these projects may still progress, since many pre-sales were completed long before the recent dip in sales activity. It’s important to remember that housing-start data can lag behind what’s really happening, as major Toronto developments move through planning and pre-sales, then permits, before actual building begins. So, the current figures may understate the real level of activity, with more condo units poised to break ground as the pipeline continues to move forward. In my experience navigating Ontario’s residential condo and housing market, understanding these cycles—and what’s truly in the pipeline—can make all the difference when making informed decisions.

The impact of development fees on new-home affordability is often overlooked, yet it plays a significant role in shaping our housing supply. Recent findings from a national housing agency reveal that reducing these fees could make about 14% more residential projects viable—especially in cities like Toronto and Vancouver. In fact, if charges were eliminated, Toronto could see enough new projects to meet half of its stated supply needs, while Vancouver would also experience a considerable boost.

It's eye-opening to compare how fees differ: in Calgary, they range from roughly $4,000 for a one-bedroom high-rise to about $9,000 for a detached home, but in Vancouver, comparable units see fees from $20,000 up to $33,000. These fees are crucial for funding infrastructure—roads, sewers, and administration—so finding the right balance is key. As a broker focused on Ontario homes and condos, I often see how lower fees, especially on family-sized units, could make a real difference for buyers competing in high-cost markets. Larger new homes frequently face steeper prices than similar resale options, creating extra challenges for families. Understanding these dynamics can help us all make more informed decisions in a rapidly changing market.

As someone who closely follows the trends shaping Ontario’s residential market, I’m keeping a watchful eye on the Bank of Canada’s current policy rate, which remains at 2.25%. However, many of Canada’s major banks are now forecasting a gradual uptick in rates during 2027. If our economy continues to strengthen and inflation persists, we could see policymakers moving to normalize rates further. What does this mean for homeowners and buyers? Higher rates could lead to increased borrowing costs, but on the flip side, they may also bring better returns on savings and fixed-income options. For those considering a move or investment, it’s important to stay informed and prepared for a market that may be less accommodating but still holds opportunity. My commitment is always to help clients navigate these changes with professional insight and care.

Ontario’s approach to tax relief is shaping the landscape for new homes in our province. With taxes and government charges making up around 36% of a new home’s cost, it’s clear that more than a third of the price goes beyond just construction. Development charges—often over $100,000 for a single-family home—have been a major factor, and when combined with other levies, can add up to $200,000. A coordinated federal-provincial initiative has offered municipalities access to funding if they reduce residential development charges by 30% to 50% or more and maintain those reductions for at least three years. Since the HST cut, Ontario saw 8,400 new home sales in the first three months, compared to 3,600 in the same period previously. As someone who focuses on Ontario houses and condos, I see firsthand how making the HST rebate and lower development charges permanent could bring more stability and affordability for buyers, builders, and our communities—helping us all move toward a more accessible housing market.

There’s a renewed sense of momentum in Canada’s housing market, but caution still shapes many of today’s buying decisions. While overall activity hasn’t quite caught up to last year, I’m seeing an uptick in sales alongside a decline in new listings—signs that supply and demand are gradually moving toward a healthier balance. For those considering a move, price growth remains restrained, offering some much-needed stability and avoiding the sharp correction many had feared. As always, regional differences play a major role in the market’s dynamics. Whether you’re buying or selling, choosing the right area is more important than ever. My experience with Ontario’s residential market helps me guide clients through these shifting conditions, always with your best interests at heart.