Explore articles on the latest in Ontario real estate news with thoughtful insights from the Purplebricks team. Purplebricks makes understanding real estate simple.
Ontario Real Estate
Ontario State of the Market Update: September 2021
Despite dropping 21% from the same time last year, September home sales in Ontario reached the third best month in the province’s history. The seller’s market continues across the province, as new residential listings in September were at the lowest, we have seen in the last decade.
-
Ontario Real EstateGood ’Hoods: Best Toronto Neighbourhoods for Real Estate InvestorsLike many, you might be eyeing Toronto’s hot housing market wondering if now is the time to make your entry with an investment property. But what and where in these feverish markets should you consider buying? Here’s what we’ve found out.
-
Ontario Real Estate7 Homes You Can Buy for the Average Home Price in the GTA (or Less!)If you’ve been considering buying a home in the Greater Toronto Area (GTA), you aren’t the only one. Experts predict tighter market conditions and population growth trending back to pre-COVID levels as we look towards 2022.
-
Ontario Real EstateOntario Real Estate Market Update: August 2021Despite the fall from last year’s record levels, August home sales in Ontario totaled the third-best month in history resulting in the average price of all homes increasing into the double-digits year over year. New and active listings are still at record lows, driving competitive conditions.
-
Ontario Real EstateBuying a rental property in college towns? What property investing could look like this SeptemberWe look at three university regions: Kitchener-Waterloo, Winnipeg, and Calgary. In this student housing market report, we assess each region based on housing demand and potential for growth important things to consider when selecting a university or college town to purchase an investment property
-
Ontario Real EstateOntario Real Estate Market Update: July 2021July marked a time to breathe for the entire Ontario real estate market. New listings haven’t been this low in the month of July for over a decade. Even with low levels of supply and reduced sale activity, this was still the fourth best July Ontario has ever experienced on record.
-
Ontario Real EstateOntario Real Estate Market Update: June 2021June was another hot month in Ontario real estate! Record levels of low supply didn’t stop Ontario from seeing the second-highest sales in the month of June on record. This helped keep average prices steady as buyers continued to snap up new listings.
-
Ontario Real EstateOntario’s Average Home Price is $864,010 – Here’s What You Can Buy for That (and Less!)After months of price growth across Ontario, the current average year-to-date price of a home is $864,010. We're showcasing stunning homes you can get for that and less across the province!
-
Ontario Real EstateCanada's 3 Least Affordable Cities (and How to Afford Buying a Home in One of Them)We all know home prices have skyrocketed, but where do Canadians face the steepest entry to home ownership? Using the Desjardins Affordability Index (DAI), we’re taking a look at some of the highest-cost cities in Canada and some strategies to make buying a home in one of them a reality.
-
Ontario Real EstateOntario Real Estate Market Update: May 2021May was another hot month in Ontario real estate! Though market activity pulled back somewhat from the levels seen earlier in the year, strong buyer demand led to a new sales record for the month of May, and low supply levels are keeping prices high.
-
Ontario Real EstateOntario Real Estate Market Update: April 2021The Ontario real estate market continued its hot streak this April, despite a province-wide shutdown early in the month. A wave of new listings slowed declining inventory levels, but with strong sales trailing only the record-highs of March 2021, the seller’s market persists.
-
Ontario Real EstateOntario Real Estate Market Update: March 2021The Ontario real estate market shattered records this March as it launched into spring, undaunted by having to share the month with the arrival of the third wave. Despite an influx of new listings, strong sales are keeping inventory levels low and putting upward pressure on prices!
-
Ontario Real EstateGood ’Hoods: Best Toronto Neighbourhoods for EntrepreneursPlanning to cultivate your million-dollar idea in Canada’s city of dreams? With a diverse population of over 2.9 million and resources for every stage of your startup journey, Toronto is a mecca for entrepreneurs. Here are our picks for the best Toronto neighbourhoods to set up shop!
-
Ontario Real EstateGood ’Hoods: Best Ottawa Neighbourhoods for Young ProfessionalsMoving to Ottawa to launch your career? You’ve probably heard of the city’s most coveted (and pricey!) real estate destinations, but here are three sweet spots in the nation’s capital that are becoming ever more desirable for young professionals!
-
Ontario Real EstateOntario Real Estate Market Update: February 2021Ontario’s major real estate markets continued their break-neck pace this February as bursts of new listings were snapped up by option-starved buyers. With the influx of supply bringing precious little relief to diminishing inventory levels, prices have continued to climb in almost every region.
-
Ontario Real EstateThe Legal Dos and Don’ts of Selling Your Home During a DivorceIf you and your soon-to-be ex own a home, selling could be the ticket to the next chapter in your story. We’ve prepared a quick guide on the legal dos and don’ts of selling your home during a divorce to help you know your rights, stay on course, and keep a cool head throughout the process.
-
Ontario Real EstateShould You Buy a Home in a Seller’s Market?In the year since the pandemic halted the 2020 spring real estate market, record-breaking sales have pushed prices to soaring heights in many parts of the country, while inventory levels have dwindled. In seller’s markets like these, should you buy a home? Here’s what you need to consider.
-
Ontario Real EstateOntario Real Estate Market Update: January 2021Sales this January started 2021 on a high note, with most major markets in Ontario posting increases compared to the same month last year. As new listings dropped below last year’s numbers and inventory levels hit record lows in many regions, sellers enjoyed watching prices rise!
-
Ontario Real EstateGood ’Hoods: Best Toronto Neighbourhoods for Young ProfessionalsThe largest of Canada’s urban areas, Toronto is tailor-made for the energetic and enterprising. If you’re looking for a neighbourhood to call home, these three downtown districts are attractive targets for young professionals making their debut on the Toronto scene.
-
Ontario Real EstateToronto’s Urban Exodus: Where GTA Home Buyers are GoingSince the pandemic began, the work-from-home phenomenon has made commute times in and out of the city less of a concern for home buyers. As a result, Torontonians are flocking to find affordable housing in more rural parts of the province – here’s where they’re going.
-
Ontario Real EstateOntario Real Estate Market Update: December 2020Despite a year of twists and turns, the Ontario real estate market ended 2020 on a strong note. Compared to December 2019, home sales and prices are up, while inventory continues to edge lower. As buyers continue to take advantage of ultra-low interest rates, markets continue to favour sellers.
-
Ontario Real EstateGood ’Hoods: Top Toronto Neighbourhoods for Families With KidsIn the city of Toronto, you’ll find a variety of smaller neighbourhoods especially attractive to families with kids. Of course, there are some perennial favourites that spring to mind, but we’re featuring three lesser-known options that have a plenty to offer you and your little ones.
-
Ontario Real EstateOntario Real Estate Market Update: November 2020Despite decreased sales and new listings since October, prices across most of Ontario’s markets remain steady. Looking at the markets year-over-year , we’re still seeing double-digit price gains and strong buyer demand, making it a great time to sell.
-
Ontario Real EstateShould You Sell Your Home During the Pandemic?The outbreak of COVID-19 early this spring dealt some staggering blows to Canadian real estate; with declarations of states of emergency and the implementations of lockdown procedures, the industry all but stopped in its tracks. In view of ongoing waves, what should home sellers expect?
-
Ontario Real EstateOntario Real Estate Market Update: October 2020The Ontario real estate market remains strong, with October figures breaking numerous records on a year-over-year basis. Homes of all types are in high demand, and tight market conditions are pushing prices higher.
-
Ontario Real EstatePrice Growth in the GTA: A Decade in ReviewThe GTA is notorious in the Canadian real estate market for ever-increasing home prices, causing what’s been described as a “housing bubble.” We’re taking a look at the last decade to see how low supply and fierce buyer demand have been pushing prices upward.
-
Ontario Real EstateHoping for a fast home sale? Here’s what you need to knowIn this age of smart phones and Amazon Prime, we’ve grown accustomed to instant gratification. But, can you sell your home in under 48 hours, especially during the coronavirus lockdowns? We’re looking at what it takes to achieve a quick sale, plus some recent Purplebricks homes that sold fast!
-
Ontario Real EstateHome Sellers in Southwestern Ontario are Saving Thousands in Commission!The word “SOLD” on your lawn sign is an achievement in itself, but for Purplebricks sellers, it comes with an even bigger payoff: they’re saving thousands in commission! Wondering what success with Purplebricks looks like? Here’s a snapshot of some of our September sales from across the region.
-
Ontario Real EstateOntario Real Estate Market Update: September 2020It’s been a month of strong sales activity in all major markets across the province, with year-over year growth ranging from 19-74%. Buyer demand remains high, and with not enough listings in the market to meet demand, prices continue to rise while average days on market declines.
-
Ontario Real EstateNiagara Peninsula Home Sellers are Saving Thousands in Commission (Yes, even during the pandemic!)This year, home sellers in the Niagara Peninsula have been enjoying excellent selling conditions. High prices and fast sales are the norm, and for Purplebricks sellers, so is saving thousands in commission! Here’s a snapshot of Purplebricks sales across the region.
-
Ontario Real EstateBuying an Investment Property: 5 of Canada’s Top Cities for RentalsThere are a lot of reasons why a rental property can be profitable, but if you’re thinking of making this type of investment, it’s important to look at the local rental market. Like residential real estate, each city or region has a rental market which can be measured with key metrics.
-
Ontario Real EstateOntario Real Estate Market Update: August 2020Records continued to be broken in some parts of the province as market activity remained high. Many regions continue to see low inventory levels and homes selling for top dollar. For the second month, most regions have seen a year-over-year average home price increase of 20% or more.
-
Ontario Real EstateCity Series: Brampton Home Sellers are Saving Thousands in CommissionWith a diverse economy and culture, Brampton is a wonderful place to live, work and play in—and a great place to save thousands in commission when selling your home!
-
Ontario Real EstateCottage Living, City Convenience: 5 Cottage-like homes in Southern OntarioSince the COVID-19 outbreak, cottage real estate in Canada has been booming. Here are 5 of our favourite cottage-like homes currently for sale in Southern Ontario.
-
Ontario Real EstateCity Series: Brantford Home Sellers are Saving Thousands in CommissionBrantford is a wonderful place to live, work and play in—and a great place to save thousands in commission when selling your home!
-
Ontario Real EstateOntario Real Estate Market Update: July 2020July was a record-breaking month in terms of sales activity for many markets in Ontario. Inventory continues to fall short of demand, increasing competition among buyers and leading to multiple bids and price surges.
-
Ontario Real EstateCity Series: St. Catharines Home Sellers are Saving Thousands in CommissionSt. Catharines, Ontario is the largest city in the Niagara region with plenty to offer its residents and visitors. It's a wonderful place to live, work and play in—and a great place to save thousands in commission when selling your home!
-
Ontario Real Estate7 Ways COVID-19 has Changed Homebuying Behaviour in OntarioThe latest Pulse Check on Consumer Attitudes from the Ontario Real Estate Association and Nanos Research has shed some light on how the COVID-19 pandemic might affect the real estate industry on a long-term basis.
-
Ontario Real EstateCity Series: Guelph Home Sellers are Saving Thousands in CommissionGuelph has recently been deemed as the best city to buy real estate in Canada - find out why and check out home sellers in Guelph who saved thousands in commission (even during a pandemic).
-
Ontario Real EstateOntario Real Estate Market Update: June 2020In Ontario, we saw a similar story across all major markets – massive improvements in month-over-month home sales with year-over-year average prices up as high as 20%. After dramatic changes in the market in April and May, it is great to see the market is picking up – and quickly.
-
Ontario Real EstateWill Sellers Get Less for Their Home during COVID-19 in Ontario?Can a seller in Ontario expect to receive less for their home during COVID-19? We take a look at the numbers around two common misconceptions: home prices and average days on market.
-
Ontario Real EstateCity Series: London Region Home Sellers are Saving Thousands in CommissionLondon is a wonderful place to live, work, and play in – and a great place to save thousands in commission when selling your home!
-
Ontario Real EstateCity Series: Kitchener-Waterloo Region Home Sellers are Saving Thousands in CommissionWe are still seeing our Purplebricks home sellers in the Kitchener-Waterloo-Cambridge region successfully sell their home while saving thousands in commission! These sellers sold their homes in less than a month!
-
Ontario Real EstateCity Series: Hamilton Region Home Sellers are Saving Thousands in CommissionWhether you call it The Hammer, Steel City, or perhaps, you already call it “home”, Hamilton is an excellent city to live, work and play in – and a great place to save thousands in commission when selling your home!
-
Ontario Real EstateReal Estate Investing in Ontario During COVID-19: What You Need to KnowWhether you’re new to real estate investing and are ready to purchase your first property (congratulations!) or you’re a seasoned pro looking for the next great find, there are important factors to consider, especially during the COVID-19 pandemic.
-
Ontario Real EstateWhy Living in Ottawa Should be on your Canadian Bucket ListRanked as the third best Canadian city to live in 2019 by Maclean’s magazine, living in Ottawa is safe, fun, and, shockingly affordable.
-
Ontario Real Estate14 Reasons Why Windsor is a Great Place to Call HomeAnd while Windsor is as close to Detroit as a Canadian city could be and it is home to Ford, GM and FCA auto plants, Windsor should be known for more than these two facts. Windsor is a great city to call home, and here’s 14 reasons why.
-
Ontario Real Estate2020 vs 1920: How Homeownership Has Changed in TorontoWe are once again in the “roaring twenties”, so we are looking at how the housing market has changed in the last 100 years in Toronto. In the 1920s, Toronto was only just starting on the path to becoming the vibrant metropolitan area it is today.
-
Ontario Real Estate2020 Forecast: The 5 Best Ontario Cities to Buy a Rental PropertyToday, having a “side hustle” is almost mandatory to get an edge up on retirement savings and to gain financial freedom sooner. Amongst the Etsy businesses and Instagram influencers, one of the oldest side hustles has stood the test of time and proven to be lucrative long-term – being a landlord.
-
Ontario Real EstateOntario’s Top Ranked Communities Have Healthy Real Estate MarketsMacLeans has released its Best Communities in Ontario 2019 List. The top 3 spots go to Burlington, Grimsby and Ottawa. We can see why these communities were a cut above the rest! They have impressive features, including healthy real estate markets.
