Noticed in TRREB's 2025 financial statements that membership declined by 4,200 members year over year.
Less transactions, working longer to sell places, declining prices are all making the career less attractive to some. The culling of the herd...
Ontario just hit a two-year high for power of sale listings.
That’s not just a distressed-sale story. It’s a leading signal for mortgage stress across Canada.
Power of sale and foreclosure listings tend to show where stress becomes visible before it hits the broader delinquency data.
#CanadianRealEstate #OntarioRealEstate #PowerOfSale #MortgageStress #HousingMarket
In case it's still not obvious
Our federal and provincial governments are handing over Billions of dollars in tax breaks to corporations
So they can buy up all the homes that Canadian households can't afford
Cathal Kelly doing the thing he does so well: "On Monday night, the Leafs were the biggest uncontrolled burn in professional sports. The smoke rising from 50 Bay St. was visible from space." https://t.co/oslSOIsXEi
#BREAKING: Ontario Premier Doug Ford’s government is selling its $28.9 million private jet, a senior government source tells The Globe. The purchase set off a firestorm of criticism when the Star revealed it last week. with critics calling it “the gravy plane.” #onpoli
One of those rare moments where the government says the quiet part out loud:
Helping people buy homes can actually make housing less affordable.
Not because the intention is bad.
But because supply can’t keep up with demand created.
CMHC just modeled it in this article:
"Good intentions gone rogue: Why demand-side interventions need to be targeted and offset with supply"
https://t.co/dM3anU7gl4
NEW: Ontario Premier Doug Ford’s office has confirmed @robertbenzie’s scoop - the government has purchased a 2016 $28.9 million jet for the Premier’s travel #onpoli
Doug Ford was elected premier in Ontario decrying wasteful spending including the “6-million-dollar man” Hydro One CEO… and now he buys Ford Air, a $28.9-million jet:
https://t.co/SR03I0b2Dd
As usual JMM grasps the nettle... when you look closely minimum lot sizes are a proxy for using planning to create neighbourhoods where only certain size homes can be built, and if those homes are bigger than many can afford that's just the market. Which planners created!
Bit of a longer one from me at TVO, on what a dispute between Toronto and Ontario on lot size rules tells us about the differences between planners (broadly defined) and YIMBYs. https://t.co/fCTi3ZUscg
@beheshtialex@TorontoStar There's a lot of truth to what you say... and I think there's a natural fear of gigantic pools of money buying up lots of the things people want. A family will never be able to outbid that a big buyer. But does a renter care who owns it? Probably, yes, tho for different reasons.
Ford government bans all high school valedictorian speeches that include the words "bicycle", "nature", "healthcare", "education", "opinion" or "sobriety."
https://t.co/q9DW2TvrGl
An update to the story below: Canada’s anti-money laundering watchdog, Fintrac, has embarked on an enforcement sweep following our reporting, revoking the registrations of nearly three dozen cryptocurrency businesses.