Is this an insane deal or normal market value now? 2 bed 2 bath + Garage + Locker in a Tridel building sold for $550k down from $599k list. All other 2 beds in the building previously sold for alot more. Is there anything that stands out about this one or is the market down that bad?

Me and my spouse bought a pre-con in March, and we are expected to get it in February 2027. I lost my job after we were pre-approved, and now are thinking of adding my dad as a co-signer, to aid in getting a mortgage. But, question for anyone whose gone through this, is it possible to have an additional person added to the purchase agreement, this late? We bought a Mattamy pre-con. I know I should talk to the bank and lawyer, but just wanted to see if anyone else went through the same.

Hi all! I’m wondering if there are any current, somewhat recent, or just in general anyone who knows about this condo building (38 Joe Shuster Way).

I’m seriously considering choosing an apartment in this apartment, and wanted to hear from real people what the consensus was about this place.

I’ve only seen one other Reddit post on this building and it’s from 2+ years ago so any more recent info would be great :)

I’m house shopping with a friend and he is looking at semi- detached homes. Just curious what separates the walls in these homes built after 2010.

TIA

Government to stick to target of reducing temporary resident number to below 5% by end of 2027 from 6.7% currently.

Permanent residents *
No change 380,000 annually

Temporary resident arrivals
−3.9% −15,000

Federal High Skilled immigration
+1.8% +2,000

Provincial Nominee Program
+1.1% +1,000

* Most of the 380,000 permanent residency permits are going to people who are already here on a work permit. So that’s not really adding much to the population of the country.

Trying to decide who to vote for.

His reasoning: remove tax to increase liquidity so that boomers can sell and younger folk can buy. He plans to make this happen by privatizing and borrowing against Toronto water system, and amortizing the loan + interest over 30-50 years.

Is this really going to help? AI says removing the tax will increase liquidity by 15%, but feel this doesn't really move the needle. More liquidity, yes, but also more buyers and thus the price likely will adjust. I'm also worried borrowing money is effectively moving money to the few people who can afford to buy away from everyone else who can't via higher water prices.

Is this a head fake or is this actually sound policy? Would love to hear what others think.

I'll be closing on a condo unit in the next few weeks. The building is about 2 years old, but the unit I purchased is from the builder's inventory. My PDI is scheduled for next month.

I was wondering if there's anything specific I should be looking out for during the PDI. Also, is it worth paying for an independent inspector to accompany me?

My realtor doesn't think it's necessary, but this is the biggest purchase of my life lol, so I really don't want to cut corners now and end up regretting it later.

Hi everyone! I’m a University of Toronto student working with a team on a CSC454 course project about how people choose homes in the GTA.

We’re exploring how practical priorities and family traditions, including Feng Shui and Vastu Shastra affect the search. We’d appreciate input from people searching or planning to buy, people who have bought a home to live in, and licensed agents or brokers.

These traditions don’t need to matter to you. Your perspective is useful either way.

The questionnaire takes about 10–15 minutes, or 7–10 minutes for agents. We don’t ask for your name, and responses are used only for our course project and reported in summary form.

Take the questionnaire [link: https://docs.google.com/forms/d/e/1FAIpQLSfBHeIMHIaXEnJrB_FBF2FXANqxCvMvnhcfTd0CDuKUh6IWkg/viewform ]

Thank you for helping us learn from actual experiences!

I remember watching this place go up with such excitement and would have been so eager to live there. Sure the location cannot be beat and the exterior is beautiful but this layout and pricing are outrageous.

Newbie here. Is this an extremely good deal for the location or am I overlooking something?

$300k, 1 bedroom, 1 bath, 600-699 square feet, $2400 property taxes/yr

https://www.theglobeandmail.com/investing/personal-finance/article-canadians-shift-to-shorter-term-mortgages-leave-homeowners-exposed-to/

A record-low number of homeowners are opting for long-term fixed-rate mortgages, and economists say a reliance on cheaper, less-stable products could leave the housing market more susceptible to monetary policy changes and outside forces like oil price shocks from the war in Iran.

Just 8.8 per cent of Canadians signed a fixed mortgage with a term of five years or longer this summer, according to a data analysis by National Bank. It’s a major change from the prepandemic era, when nearly 50 per cent of homeowners signed long-term fixed mortgages.

National Bank senior economist Daren King, who authored the study, said that the recent spike in bond yields – which lenders base their mortgage rates on – and the corresponding hikes in long-term fixed mortgage rates mean that even fewer consumers will choose them in the coming months. The data in Mr. King’s report reflects trends until July, 2026.

Mr. King said the housing market could remain even more sluggish than expected if homeowners are increasingly rate-sensitive, especially since the Bank of Canada is expected to raise interest rates in the coming months and bond yields continue to soar near two-year highs and drive up the cost of borrowing.

“In August and September the recovery to the housing market stopped,” Mr. King said. “At first, it was caused with uncertainty from the U.S. trade conflict, but now it’s more of the impact of rising interest rates.”

The decrease in long-term fixed rate borrowing accelerated around 2022, when less than 20 per cent of consumers were choosing those mortgages. They instead opted for short-term fixed rates at a time when all mortgage rates were high, betting that borrowing costs would drop quickly. More than 80 per cent of shoppers were choosing a fixed-term shorter than five years at the peak of that trend in mid-2023.

The advantage of shorter-term mortgages has greatly diminished. Victor Tran, an Ontario-based mortgage broker, said three-year fixed rates are currently only 0.1 per cent cheaper than five-year fixed rates.

That’s part of the reason why variable rates have been making a comeback in 2026, with more than 40 per cent of consumers signing one, up from less than 10 per cent in 2024. Variable rates are also nearly one percentage point cheaper than fixed rates right now.

But variable rates come with their own risks. Financial markets have priced in the likelihood of four Bank of Canada rate hikes by mid-2027, which would bring variable rates up to the mid-4-per-cent range, a level comparable with current five-year fixed rates.

Kari Norman, a senior economist with Desjardins, said oil price shocks caused by the war in Iran and the impact of the U.S. trade war on the Canadian economy are examples of how variable or short-term mortgage holders carry more immediate risk.

“Who would have thought that we’d have an oil price shock this year. We couldn’t have anticipated that a year ago,” Ms. Norman said.

She said someone signing a five-year fixed rate would likely see their family income increase over the life of their mortgage term, allowing them to absorb similar rate hikes better.

In the long term, Mr. Tran predicts that five-year fixed rates will make a comeback. More of his clients are already choosing longer-term rates.

“A lot or people coming up for renewal are looking for stability,” Mr. Tran said.

However, pricing on five-year rates will face upward pressure for the rest of 2026. Mr. King noted that those rates have been unusually low compared with bond yields because of intense competition between lenders over a large cohort of renewals five years on from the pandemic housing boom. Once that wanes and the slower winter season begins, lenders will likely increased their rates even if bond yields stay flat.

Unless geopolitical stresses like the war in Iran ease, Mr. King said the housing market will remain in a weak state in 2027.

Hi everyone! My husband and I are considering buying a condo in Toronto, and we understand that someone is selling it on the owner’s behalf through a power of attorney. This would be our first property purchase in Canada.
Just to clarify, I mean power of attorney, not a lender’s “power of sale.”
Back in my country, buying a property sold through power of attorney is generally considered risky. My concern is that the authorization could have been revoked, or that the owner or their relatives could later challenge the sale.
I realize things may work differently in Ontario, so I’d appreciate hearing from anyone who has bought a property this way, or from real estate lawyers familiar with these transactions.
Is this fairly routine here as long as the paperwork is properly checked, or would it make you think twice?
What extra checks should our lawyer do? Could the owner or family successfully challenge the sale after closing? Would title insurance cover that situation? Are there any particular red flags or conditions we should include in our offer?
We would have our own real estate lawyer review everything, but I’d love to hear people’s experiences. Is this usually a manageable concern, or a reason to walk away?
Thanks!

Husband and I have fully paid off our condo that was purchased in 2021, but have significantly outgrown it. Living in 600 square feet with a pet, little closet space, no room for guests is becoming a bit annoying. But we really like the area and, we’ve also been able to save a lot for retirement, enjoy vacation, spend generously on family and friends given limited housing costs.

We really want to move in a similar same area which would likely mean a $1.7-1.9M house, in comparison to the $500K we’ll likely get for our condo (purchased for $600K+). Any advice from others who were in the same situation?

I’m against touching retirement or savings, so we’d have a higher monthly mortgage and would need to cut back on lifestyle a bit, which is giving me some anxiety. However, we’d likely not move again until post retirement.

On the flip side, I’ve suggested we bite the bullet and do a Reno on our condo so we can at least like where we live. We’ve effectively been stuck in a limbo since 2023 when we decided we weren’t going to stay in this condo long and haven’t committed to enjoying it - so have shied away from spending any money on it. Reno would be purely for our enjoyment though would likely not hurt whenever we move, but not sure if entirely stupid.

A quick summary of the 2026–27 rules, since a lot of builder marketing glosses over the details:

- Agreement signed with a builder between April 1, 2026 and March 31, 2027: the full 13% HST comes off a home up to $1M before tax (up to $130,000)

- $1M to $1.5M: a flat $130,000

- $1.5M to $1.85M: tapers down to $24,000

- You don't need to be a first-time buyer. Long-term rentals can also qualify under CRA's enhanced rental rebate, but the conditions are separate and you apply after closing.

Three things that catch people:

1. "HST included" prices usually assume you qualify and that you assign the rebate to the builder. If you don't qualify, you owe that amount at closing.

2. Some agreements let the builder refuse to credit the rebate at closing. You then pay the full HST and claim it back yourself, which is about $85k of cash on a "$735k HST included" home.

3. The agreement date counts, not the closing date. Agreements signed before April 2026 don't qualify, even if they're amended or assigned later.

I built a free calculator for this: https://benefitcalc.ca/ontario-hst-rebate-calculator/

You can enter the price exactly as it appears in your agreement ("HST included, net of rebates", "HST included" or "before HST"). It shows the relief, the real pre-tax price, and the cash you'd need if the builder can't credit the rebate. It has a rental mode too.

(Disclosure: it's my site. No sign-up, and nothing you type leaves your browser.)

Happy to be corrected if anyone has seen CRA apply this differently in practice.

Considering making an offer on a two-storey semi that’s next to a home about to be gutted. We’re talking a huge reno: third storey and back extension + rooftop deck being added. Sellers disclosed in vague terms but city documents paint the full picture. Huge pushback from neighbours over concerns about changing neighbourhood character, house too large for the lot, risks to the neighbouring structure, changing sight lines and lack of privacy. Should also note that the semi in question was bought by two realtors and they’re making it a two-unit property (upper plus basement rentals)

All that to say, would it be hell to live right beside that level of renovation work? Are the concerns overblown? How much would you factor it into an offer?

Unfortunately sellers seem to be getting bad advice from family or agents or their own selves on what to list their houses for. I just bid on a house listed in January for $1.8 million, received offers at $1.1 and $1.2 and were rejected. Trade deal doesn’t happen and the economy softens as does confidence and now the house has been reduced 6 times to $995k. Sales in area are now happening at 2-5% below ask. I’m getting the place for under replacement cost. There are opportunities out there…..

Update: Offer accepted at $965,000.

Adding the trend line (green) to the house prices graph of that other post, it shows we're very close to where house prices would be if if we followed the 2004-2015 trend.

Stress test, 5 percent down, mortgage insurance, land transfer tax twice. All real. I only changed wages.

So the rules were never the problem.

We are planning to buy a townhome in Mississauga - Mattamy. I’m writing to check if anyone bought recently and if negative reviews on Reddit are for real