May 2026

Toronto’s housing market showed signs of tightening in April, as the number of available homes declined while sales activity picked up. According to the Toronto Regional Real Estate Board, this shift could encourage more hesitant buyers to re-enter the market.

A total of 5,946 homes were sold in April, marking an increase of about 7% compared to the...

A variable rate mortgage is a home loan where the interest rate can rise or fall over time. It is typically based on a simple formula: the lender’s prime rate, which can change, plus or minus a fixed discount that stays the same for the length of your term. This fixed difference is often called the spread.

Because the rate is not locked in, variable...

A down payment assistance program, often called a DPAP, provides financial support to help buyers cover between 5% and 15% of a home’s purchase price, depending on the structure of the program.

Saving for a down payment is one of the biggest challenges for buyers in Canada. Under current mortgage rules, buyers typically need at least 5% down on the...

Condo fees are monthly payments that help cover the shared costs of owning and maintaining a condominium property. These fees typically include building maintenance, upkeep of common areas, and sometimes utilities or access to amenities. They are paid in addition to a homeowner’s mortgage and property taxes.

Condo fees...