The Bank of Canada has recently held its benchmark interest rate steady at 2.75%, marking the end of seven consecutive cuts. This decision comes as Ontario’s economy faces a “considerable” slowdown, with Governor Tiff Macklem pointing to uncertainties surrounding U.S. trade policy and tariffs.

Here’s how these developments are reshaping the real estate landscape in Canada:

Toronto's condo market faces a significant slowdown, with many projects now indefinitely paused. Despite a growing demand for single-family homes and resale condos, new condo sales are declining, posing challenges for developers.

Soaring rent prices are forcing many families in Toronto and Vancouver into homes that are far too small for their needs. Statistics Canada reveals alarming trends, with nearly half of Toronto's tenant families living in unsuitable conditions. Read more about the housing crisis affecting residents and students alike.

A listing on Facebook Marketplace is turning heads in Toronto, as a tent within a Parkdale apartment is being offered for $950 per month to rent. Toronto's rental market presents a daunting challenge for those seeking affordable and convenient housing. Click to read more about this bizarre listing.

Porsche is set to open a flagship dealership in Toronto's Port Lands, featuring a stylish cafe and patio. Located at Cherry and Polson Streets, this new three-storey facility aims to enhance the area’s vibrancy by blending automotive excellence with a relaxed atmosphere.

Read about Toronto’s tiniest house, The Little House in St. Clair West Village! Despite its small size, The Little House has modern amenities and holds historical significance, having been featured on The Ellen Show in 2008. Click to read more!

In Toronto, renting vs. buying is a common dilemma, especially with fluctuating market conditions. A new Zoocasa report reveals that renting is often cheaper, with 77% of neighbourhoods showing higher costs for buyers. However, areas like Black Creek and York University Heights buck this trend, making the choice more about lifestyle than finances.

Toronto's blend of old and new is showcased in a proposal for a tall, pencil-thin skyscraper gaining support from heritage planners. Designed by Alliance and led by SmartCentre REIT, the 62-story minimalist tower includes a three-story glass section. The proposal involves demolishing and partially retaining late 1800s buildings at 49-51 Yonge Street, stirring controversy over the potential loss of architectural integrity and displacement of businesses.

As Ontario's real estate market slows, experts predict a rebound that could push home prices higher next year. Forecasts from the Canadian Real Estate Association suggest a significant rise in average home prices across Canada by 2025. With Ontario and B.C. poised for substantial increases, potential buyers may face a challenging market ahead.

Uncover the story behind 210 Bloor Street West, a Toronto building that’s won multiple design awards even before construction. Core Architects' visionary project is set to redefine residential luxury with its striking triangular design.