Issuu

HOW WILL YOU PREPARE?

WAYNE KARL

EDITOR-IN-CHIEF Condo Life

EMAIL: wayne.karl@nexthome.ca TWITTER: @WayneKarl

The approach of a new year is a natural time to take stock – of what 2025 was like and what might lie ahead.

When it comes to housing, and more specifically your plans to buy a new home, there’s no denying that 2025 was a challenging year. Next year can only be better, right?

Well, in fact, there are clear indications that 2026 might well be a healthier year for housing markets in Canada, including the GTA.

To be sure, challenges remain, namely housing supply and affordability in Ontario, and lingering issues tied to U.S. trade. It would be foolhardy to pretend these concerns didn’t exist. Indeed, you absolutely should pay close attention to such matters as you assess your homebuying readiness and map out your preparation.

But that doesn’t mean there aren’t opportunities. On the contrary, as numerous pieces of content in this issue illustrate, now is a very good time to be home shopping.

Take industry expert Ben Myers’ advice in his column on page 16, for example. “For 2025-era buyers, the playbook that emerges from this macro backdrop and the insights are fairly simple. Stress-test your mortgage at a higher rate than the one you are quoted. Budget as if prices stay flat for a few years rather than assuming automatic capital gains. Focus on projects from credible builders that are actually likely to get built, in locations with real end-user demand, not just investor hype. Treat a new condo as a long-term housing and wealth decision instead of a lottery ticket. The easy money phase is over.”

That may be a lot to digest, but one key takeaway should be a focus on the long term, say, over five to seven years. With 2026 looking brighter, challenges notwithstanding, how do you think your housing market will perform over that period?

During challenging market conditions such as these, research and due diligence are at a premium. So too is reliable and trusted advice, over hard sell.

Or, as Myers says, do your homework and surround yourself with an experienced team.

How will you prepare for 2026?

HOME DESIGN | MARIAM ABOUTAAM

An award-winning interior designer, Mariam Aboutaam is Director, Sales and Marketing, Interior Design at Kylemore, Markham, Ont., a builder known for master-planned communities and luxury homes. kylemoreliving.com.

PERSONAL FINANCE | JESSE ABRAMS

Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm based in Toronto. thinkhomewise.com

TRREB REPORT | ELECHIA BARRY-SPROULE

Elechia Barry-Sproule is President of the Toronto Regional Real Estate Board (TRREB) and Broker/Owner of Red Apple Real Estate Inc. She is committed to mentoring and supporting real estate professionals across the industry. trreb.ca.

WESTERN VIEW | MIKE COLLINS-WILLIAMS

Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.

HOME REALTY | DEBBIE COSIC

Debbie Cosic is CEO and founder of In2ition Realty. She has overseen the sale of more than $15 billion worth of real estate. With Debbie at its helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. in2ition.ca

REAL ESTATE PRO | BARBARA LAWLOR

Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of new home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com

STAT CHAT | BEN MYERS

Ben Myers is the President of Bullpen Consulting, a boutique residential real estate advisory firm specializing in condominium and rental apartment market studies, forecasts and valuations for developers, lenders and land owners. Contact him at bullpenconsulting.ca and @benmyers29 on Twitter.

BILD REPORT | DAVE WILKES

Dave Wilkes is president and CEO of the Building Industry and Land Development Association (BILD), the voice of the home building, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter at @bildgta or visit bildgta.ca

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EDITOR-IN-CHIEF – GREATER TORONTO AREA

Wayne Karl wayne.karl@nexthome.ca

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Mariam Aboutaam, Jesse Abrams, Elechia Barry-Sproule, Mike Collins-Williams, Debbie Cosic, Barbara Lawlor, Linda Mazur, Ben Myers, Dave Wilkes

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CANADA’S HOUSING MARKET POISED FOR RESET IN 2026, WITH MODEST PRICE GROWTH

After a challenging 2025 marked by economic and political shifts, 2026 is to emerge as a crucial reset year for Canada’s housing market, according to the Royal LePage Market Survey Forecast. Canada’s residential real estate market is expected to post modest price gains next year and an increase in sales activity, as buyers continue to move off the sidelines.

The aggregate price of a home in Canada is set to remain relatively flat, increasing a modest 1.0 per cent year over year to $823,016 in the fourth quarter of 2026. The median price of a single-family detached property is expected to increase 2.0 per cent to $876,934, while the median price of a condominium is forecast to decrease 2.5 per cent to $563,918.

“Solid market fundamentals – including lower interest rates, increased supply and reduced competition – have created a more favourable environment for consumers,” says Phil Soper, president and chief executive officer, Royal LePage. “First-time buyers and those searching in the country’s most expensive regions have a rare window to act on their homeownership plans at reduced prices. While we don’t expect a sharp rebound, this improved affordability will rebuild market confidence among both buyers and sellers, setting the stage for more sustainable, albeit modest, price growth in 2026.”

Home prices are expected to rise in major markets across the country in 2026, with the exception of Canada’s two most expensive cities. The aggregate price of a home in the Greater Toronto Area and Greater Vancouver is forecast to decrease 4.5 per cent and 3.5 per cent year over year in the fourth quarter of 2026, respectively.

“(Twenty twenty-five) forced us to recalibrate,” Soper adds. “Indications are that Canadians are now increasingly adapting to the noise from Washington and confidence at home is holding firm. We saw steady, incremental

growth in sales activity in the back half of the year – a clear sign that those who put major decisions on hold are ready to move forward in 2026.”

In 2025, the Bank of Canada reduced its target for the overnight lending rate four times, bringing the key rate down to 2.25 per cent (as of Dec. 9). After an 18-month rate-cutting cycle that followed two-decade-high interest rates, the Bank has now shifted its focus to supporting a cooling economy while keeping inflation on a sustainable path. Economists widely expect the Bank will only make further cuts if the economy shows major signs of weakness as Canada continues to navigate trade tensions with the U.S., according to ReMax.

“Mortgage rates are no longer the villain in this story. Borrowing costs have stabilized at a level that supports healthy market activity. Buyers can move forward without worrying they are missing out on cheaper money tomorrow. That clarity alone will unlock demand,” says Soper.

According to a recent Royal LePage survey, conducted by Burson, 28 per cent of Canadians who currently rent say that, before signing or renewing their current lease, they considered buying a property rather than renting. When asked what factors influenced their decision to rent instead, 40 per cent of respondents said they were waiting for property prices to decline, and 29 per cent were waiting for interest rates to decrease further.

Stakeholders across the country are making efforts to increase housing inventory, though not without facing headwinds.

According to a recent Canada Mortgage and Housing Corp. (CMHC) report, combined housing starts in Canada’s seven major census metropolitan areas during the first half of 2025 remained near record highs, coming in just below 2024 levels. Yet, the push to grow supply has played out unevenly across the

country. Strong gains in housing starts in Calgary, Edmonton, Montreal and Ottawa were offset by weaker investor demand in Toronto and Vancouver, illustrating sharp regional differences.

“(Twenty twenty-six) sees key market fundamentals pointed in the right direction,” says Soper. “Recent polls indicate Canadians are satisfied with our political leadership, opening the door for much-needed progress on housing policy. The 2025 federal budget laid important groundwork – from funding commitments into Build Canada Homes (BCH) to major infrastructure projects – but the real test will be how effectively those measures are executed in the year ahead. If Ottawa follows through, 2026 could be the year we start to see long-promised initiatives turn into real progress for the Canadian real estate industry.”

“Canada’s housing market is moving forward again,” Soper says. “Improved conditions are drawing buyers back, step by step. The reset is behind us –now we build.”

GREATER TORONTO AREA HIGHLIGHTS

In the GTA, the aggregate price of a home in the fourth quarter of 2026 is forecast to decrease 4.5 per cent year over year to $1.05 million, ReMax says. Single-family detached properties are expected to decrease a modest 1.0 per cent to $1.38 million, while condos are forecast to decline 6.5 per cent to $615,885.

EMBLEM Developments wins globally recognized top honours at the International Property Awards

KASH PASHOOTAN WINS INTERNATIONAL REAL ESTATE LEADERSHIP AWARD

Kash Pashootan, Founder and CEO of EMBLEM Developments, received the International Real Estate Leadership Award, recognizing his vision and commitment to design-led development, and influence on the future of urban living.

ALLURE WINS INTERNATIONAL BEST RESIDENTIAL HIGH-RISE DEVELOPMENT AWARD

Rising 43 storeys on King Street East, ALLURE brings together heritage charm and modern sophistication. This honour, awarded through the International Property Awards, reflects the highest standards in global real estate, judged by more than eighty industry experts and chaired by members of the House of Lords in the United Kingdom Parliament.

emblemdevcorp.com

MOTIVATED BUYERS SIGNAL RENEWED CONFIDENCE HEADING INTO 2026

The Canadian housing market could be on the upswing looking ahead to 2026, with more buyers preparing to enter the market and home sales expected to increase by 3.4 per cent next year, according to ReMax Canada’s 2026 Housing Market Outlook. This follows signs of renewed buyer intent earlier this fall, compared to the first half of the year.

There is light at the end of the tunnel following a decline in home sales from coast to coast in 2025. According to data supplied by ReMax Canada brokers and agents, as well as local boards, home sales fell year-over-year in 32 of 38 markets analyzed between Jan. 1 and Oct. 31, 2025. In contrast to the inventory shortfall that defined many markets in 2024, 2025 saw listings increase yearover-year across all regions, by as much as 21 per cent in Ontario alone.

A Leger survey commissioned by ReMax Canada reveals that one in 10

Canadians is planning to buy a home in the next 12 months, half of them being first-time buyers. One-quarter of Canadians (23 per cent) said they’d be ready to enter the market if interest rates dropped another 0.5 to one per cent. Tempering average prices, along with easing pressure on the interest-rate front, could indicate gradual market improvement.

“Amid looming economic clouds, Canadians are maintaining their interest in homeownership,” says Don Kottick, president, ReMax Canada. “The resilience that began to emerge in the fall is anticipated to continue into 2026, with first-time buyers in particular finding creative ways to save and enter the market.”

Ten per cent of Canadians say they’re planning to purchase a home in the next 12 months – an improvement from seven per cent in the fall, ReMax says. Although more than half of Canadians are feeling the economy could worsen in 2026, following an initial economic stall as seen in the earlier part of 2025, Canadians aged 18 to 35 are more hopeful, with 21 per cent feeling the economy will fare better next year.

buy in the future are thinking more about how this might affect their search and 17 per cent of Canadians are concerned about return to office mandates.

“Return-to-office mandates are beginning to weigh on first-time buyers’ decisions, prompting many to reconsider not just where they want to live, but how their daily routines, commute times and lifestyle needs will fit into an in-person work environment,” says Kottick. “Transit access is becoming an increasingly important factor for younger Canadians seeking their first home. Many are weighing commute times and workplace flexibility more carefully in their search, while sellers continue to adapt to a market that’s still finding its footing in this new reality.”

ReMax brokers and agents across Canada found that families, new Canadians and retirees drove a larger share of sales in 2025, marking a significant shift from 2024, when firsttime buyers led sales.

Following looming economic headwinds, an emerging concern among first-time homebuyers is a rise in return-to-office mandates. While nearly half of respondents overall do not believe return-to-office will impact their situation, respondents aged 18 to 34 and those planning to

“Time will tell how the buyer profile shifts we’ve seen over the past year will influence overall homebuying decisions. In such a dynamic environment, with evolving buyer needs and changing seller expectations, it’s more important than ever for buyers to work with a trusted professional agent who understands their local market and can help find what best suits them and their families,” says Kottick.

RENEWED CONSUMER CONFIDENCE KEY TO HOUSING MARKET RECOVERY

Greater Toronto Area (GTA) home sales, new listings and average selling price were down compared to a year earlier in November 2024, as intending homebuyers remain on the sidelines awaiting more positive economic news, according to the Toronto Regional Real Estate Board (TRREB).

“There are many GTA households who want to take advantage of lower borrowing costs and more favourable selling prices,” says TRREB President Elechia Barry-Sproule. “What they need most is confidence in their long-term employment outlook. Fortunately, we saw encouraging news on jobs and the broader economy in November. If this positive momentum continues, consumer confidence will strengthen, and more people will be in a position to consider purchasing a home in 2026.”

GTA realtors reported 5,010 home sales through TRREB’s MLS System in November 2025 – down by 15.8 per cent compared to November 2024. New listings amounted to 11,134 –down by four per cent year-over-year.

On a seasonally adjusted basis, November home sales were down slightly month-over-month compared to October 2025. New listings also edged lower compared to October.

The MLS Home Price Index (MLS HPI) Composite benchmark was down by 5.8 per cent year-over-year in November 2025. The average selling price, at $1.03 million, was down by 6.4 per cent compared to November 2024.

On a month-over-month seasonally adjusted basis, both the MLS HPI Composite and the average selling price remained close to October figures. The MLS Composite was down slightly, whereas the average selling price edged up.

“November reports on employment and economic growth were much stronger than expected,” says TRREB Chief Information Officer Jason Mercer. “The Canadian economy may be weathering trade-related headwinds better than expected. More certainty on the trade front coupled with positive economic impacts of recently announced infrastructure projects could improve homebuyer confidence moving forward.”

“Homebuyers are currently benefitting from a well-supplied resale market,” adds TRREB CEO John DiMichele. “However, as this inventory is absorbed, new construction is required to fill the housing pipeline. It will be key to see projects that bridge the gap between condominium apartments and traditional single-

family homes. Home construction results in large economic benefits that would help in today’s economic climate.

“All three levels of government should offer further incentives to build more homes for Ontarians,” says DiMichele.

TRUSTED ADVICE TOPS LIST OF NEEDS FOR

FIRST-TIME HOMEBUYERS: SCOTIABANK

First-time homebuyers are seeking trusted advice as they navigate affordability challenges and uncertainty, according to the latest Scotiabank Housing Poll, which focused on the experience and attitudes of Canadians surrounding homeownership. With 95 per cent of first-time buyers saying reliable advice would make them feel more confident, the need for tailored, reliable mortgage expertise is more important than ever.

“Scotiabank’s latest Housing Poll shows that nearly half of first-time homebuyers worry about making the wrong decision and place clarity and guidance at the top of their needs when taking their first step into homeownership,” says Matthew Grey, vice-president, real estate secured lending at Scotiabank. “That is why we work alongside our clients, offering tailored advice and step-bystep support to simplify the process and help Canadians feel confident about one of life’s biggest financial decisions.”

For Canadians entering the housing market, homeownership signifies independence, stability and a sense of control and belonging. The latest poll by Scotiabank shows that first-time buyers face important hurdles: Affordability tops the list of concerns (56 per cent), followed by uncertainty about the future (47 per cent) and fear of making the wrong decision (43 per cent).

Job stability also weighs heavily, influencing mortgage decisions for 43 per cent of first-time buyers versus 28 per cent of Canadians overall. The poll also shows that Canadians’ homeownership plans are being impacted by current economic uncertainty.

The demand for clarity and confidence is clear in the poll findings, Scotiabank says. Most first-time homebuyers (78 per cent) say a lender’s reputation and

trustworthiness are critical when choosing a mortgage. Yet, the process remains overwhelming – 92 per cent of first-time homebuyers find the process confusing compared to 68 per cent of Canadians overall, and 44 per cent are seeking step-bystep guidance to navigate it. Many turn to family and friends for advice (50 per cent) but even with that support, 27 per cent still cite a lack of trusted advice and guidance as a hurdle to homeownership.

TIPS FOR FIRST-TIME HOMEBUYERS

• Find a trusted mortgage advisor who understands your unique situation. They can help you discover paths to homeownership that didn’t seem possible and enable you to feel more confident in your decisions, step-by-step from qualification to closing. It starts with a mortgage but doesn’t end there. Owning a home is a goal that spans several financial solutions from investment planning as you prepare to buy, borrowing solutions for your mortgage and any other

home improvement expenses, and protection for your largest asset. The best advice comes from a comprehensive plan addressing all elements of your financial needs, and clients can sometimes be surprised by the utility of a holistic financial conversation.

• Get pre-approved for a mortgage early to understand what you can afford and lock in a rate before you start house hunting. This can help protect you from potential rate increases.

NEW CONDO

Tricar’s Gordon Square III A new condominium home in Guelph is closer (and more affordable) than you think It’s not often that prospective buyers of new construction condominiums can see exactly what they’re getting. The process usually involves renderings, architectural scale models and perhaps a single model suite that can be toured. However, Guelph builder The Tricar Group is changing all of that, with an innovative approach that turns the old way of doing business on its head.

HOUSING POLICY

OHBA encouraged by 2025 fall economic outlook

The Ontario Home Builders’ Association says it is pleased with the provincial government’s 2025 Fall Economic Statement, though it doesn’t introduce new policy initiatives to address housing challenges.

PERSONAL FINANCE

What Canada’s latest rate drop means for buyers, renewals and refinances

The Bank of Canada’s recent rate cut has led to some optimism across the housing market. For many Canadians, this shift brings both relief and questions. Whether you’re looking to buy, renew or refinance, the impact of this change depends on where you stand.

HOMEBUYING

Ontario lowering costs for first-time homebuyers

As part of its plan to lower costs and help more families realize the dream of homeownership, the Ontario government is proposing to rebate the full eight-per-cent provincial portion of the HST for first-time homebuyers on new homes valued up to $1 million – a move universally lauded by the homebuilding industry.

MOVE-IN READY HOMES

Inventory homes and incentives a compelling opportunity for well-prepared homebuyers

As we round the fall months heading into the end of the year, with a Bank of Canada interest rate reduction in September and another on Oct. 29, prospective homebuyers on the new homes and resale fronts are wondering – is now the time to execute their well-thought-out plans. Indeed, it’s currently a buyers’ market, and there are choices and deals, particularly for inventory homes that are ready to move in.

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OTTAWA MUST RETHINK SALES TAX ON NEW HOMES TO RESTORE

AFFORDABILITY

DAVE WILKES

Canada’s National Housing Month ended not with optimism, but with a warning. Across the country, new home sales have collapsed or slowed (depending on the market) to a pace that threatens to reshape Canada’s housing landscape for years to come.

Year-to-date (to October) new home sales have plummeted across

the country compared to the 10year average: Single-family and condominium unit sales are down 82 per cent in the Greater Toronto Area, 81 per cent in the Greater Golden Horseshoe, 67 per cent in Vancouver, 40 per cent in Calgary and 33 per cent in Edmonton. In Montreal, condominium apartment sales have fallen by an astonishing 75 per cent. These figures are not minor fluctuations – they are flashing red warning lights. This is shaping up to be the worst sales year on record.

These numbers signal an industry-wide slowdown that puts

tens of thousands of skilled jobs, professionals and small to mediumsized firms at risk – tradespeople, engineers, architects and the type of small companies that form the backbone of Canada’s construction economy. And because new home sales are a leading indicator of future housing starts, today’s decline means tomorrow’s supply gap will only grow wider. A crisis of affordability cannot be solved without homes to buy, yet the current trajectory guarantees fewer will be built in the years ahead.

Governments at every level have long recognized that housing

“ ” If affordability truly is the problem, then the federal government must confront one of the most counterproductive pressures on new homes: the application of sales tax.

affordability has become one of the country’s most pressing issues. But if affordability truly is the problem, then the federal government must confront one of the most counterproductive pressures on new homes: the application of sales tax.

For more than 30 years, the exemption price threshold on the federal portion of the GST/HST on new and substantially renovated homes has remained unchanged – even as prices have surged,

construction costs have risen and governments themselves have publicly recognized that the tax is making the problem worse. The rebate thresholds have not been indexed to inflation, despite the government commitment to do so when the tax was introduced. As a result, more and more middle-class families were pushed above the rebate cut-offs each year, effectively paying higher taxes not because they are wealthier, but because rebate thresholds were never indexed, meaning that as construction inflation happened the government collected more and more taxes on the backs of middle-class taxpayers.

So, the one mechanism that was intended to protect against the tax eroding housing affordability has been ignored, and surprise – the amount of tax collected on housing and the government’s reliance on it has increased dramatically. Imagine the outrage in the general tax base if the government failed to index income tax brackets for more than 34 years. This is precisely what Ottawa has done, but for housing.

The federal government clearly understands this and knows the GST/ HST is a barrier. In 2023, Ottawa exempted purpose-built rental from the GST, and Ontario followed suit on the HST. That decision was grounded in the logic that removing sales tax reduces costs, improves project viability and accelerates supply in a segment of the market that desperately needs it.

Budget 2025 acknowledges the affordability challenges and GST/ HST’s role, but offers only a partial solution that will benefit too few Canadians. The budget raises the GST/HST rebate thresholds on new and substantially renovated homes to the first $1 million, with a declining rebate up to $1.5 million – but only for first-time buyers. In the GTA (where an average new condo costs $1 million and an average

single family is about $1.5 million) this measure will do less to support middle-class families trying to buy their first home, and nothing for those trying to move up, downsize or reenter the market after life changes. The sales tax on new homes will continue to erode affordability in precisely the places where the need for relief is greatest.

This is why it is time to fundamentally reconsider how we apply sales tax to primary residences in this country. At its core, a primary home is not a luxury good. It is a necessity of life and the foundation of economic security for millions of Canadians. Yet we tax it as though it were optional. When young families are stretching every dollar to enter the market, or when builders are trying to deliver more homes at a lower cost, adding tens of thousands of dollars in tax works directly against the goal of affordability.

Addressing these fees and charges is one of the few levers that Ottawa can pull immediately – and with meaningful impact. It does not require new bureaucracies, multi-year consultations or complicated funding models. It simply requires recognizing that the current system is outdated and unfair, and that continued inaction will only deepen the crisis.

If Canada is serious about restoring affordability, then the federal government must treat all Canadians fairly and extend the GST/HST exemption to all new-home buyers.

Dave Wilkes is President and CEO of the Building Industry and Land Development Association (BILD), the voice of the homebuilding, land development and professional renovation industry in the GTA. For the latest industry news and new home data, follow BILD on Twitter, @bildgta or visit bildgta.ca.

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THE MACROECONOMIC TIDE IS TURNING; WHAT DOES THAT MEAN FOR NEW-HOME BUYERS?

BEN MYERS

Prospective new condo buyers in the GTA are shopping in a very different macro environment than the one

that powered the last cycle. Growth has slowed, inflation has cooled, and interest rates are drifting lower, but confidence is still fragile. That was the core theme of a recent episode of my Toronto Under Construction podcast, where I sat down with three of Canada’s top economists: Eric Lascelles of RBC Global Asset Management, James Marple of

TD Economics and Peter Norman of Altus Group. Their message for buyers was clear: This is not 2021, but it is not the 1990s bust either. It is a slower, more sober market that rewards careful assessment rather than pure speculation.

The starting point is interest rates. The Bank of Canada has pulled its policy rate down to roughly 2.5 per

“

” Stress-test your mortgage at a higher rate than the one you are quoted. Budget as if prices stay flat for a few years rather than assuming automatic capital gains.

cent and is signalling a gentle easing path, not a race back to emergency level lows. As Eric Lascelles pointed out on the show, inflation has largely come back toward target, while GDP has been flat for a couple of quarters and unemployment is higher than anyone would like. That mix gives the Bank cover to pivot from “kill inflation at all costs” to “support a fragile expansion.” For condo buyers, this means mortgage rates should stay meaningfully lower than the peaks we saw in 2023 and early 2024. The important nuance is that this is a stabilisation story, not the beginning of another potential bubble.

Growth itself is being restrained by trade friction and weak business investment. Marple walked through the impact of higher U.S. tariffs and an unpredictable trade environment on Canadian exports. The effective tariff rate is still modest, and the pain is concentrated in a few sectors, which is why it has not turned into broadbased inflation. But it has clearly dented business confidence and hiring plans. For a prospective buyer, the main risk is not that tariffs add $50 a month to the cost of a fridge. It is that slower export growth feeds into slower wage growth and more cautious employers. Job security and a realistic view of future income matter more now than obsessing over whether the overnight rate falls another quarter point.

Construction and development sit right at the intersection of these macro forces. On the podcast, Norman highlighted that tariffs have nudged up the cost of some imported

components, but construction is still overwhelmingly local. The bigger driver of pricing on site is demand for new product. With GTA pre-construction condo sales running near multi-decade lows, far fewer projects are moving from glossy brochure to excavation. That has already pushed bids from trades down from 2024 peaks and taken some pressure off hard costs per-square-foot. In the short term, record completions mean an unusual amount of choice for buyers willing to step into inventory. In the medium term, today’s weak sales pipeline points to fewer completions late in the decade if demand rebounds, which sets up the risk of another supply crunch down the road.

Debt, unsurprisingly, was another recurring theme. Canada’s household debt-to-income ratio has been the subject of scrutiny for more than a decade, while the United States wrestles with very large government deficits. Lascelles and Norman both made the point that some of this is simply a reshuffling of who holds the debt. Infrastructure and growthrelated costs that used to sit on public balance sheets are now embedded in development charges, then folded into new-home prices and financed through mortgages. It is the same economic burden, just carried by households rather than governments. For an individual condo buyer, the important question is not the national ratio, it is whether the payments fit comfortably within your budget even if rates stop falling or edge slightly higher.

The final piece of the macro puzzle is productivity and long-run growth. Canada’s GDP per capita has slipped over the last few years and our productivity gap with the United States has widened. That suggests slower average income growth, even if headline GDP looks respectable. At the same time, population growth remains strong and planning and approval processes have not suddenly become faster or cheaper. Put all of that together and you get a condo market that is more likely to grind higher, with returns driven by rent, replacement cost and holding period rather than quick flips.

For 2025-era buyers, the playbook that emerges from this macro backdrop and the insights are fairly simple. Stresstest your mortgage at a higher rate than the one you are quoted. Budget as if prices stay flat for a few years rather than assuming automatic capital gains. Focus on projects from credible builders that are actually likely to get built, in locations with real end-user demand, not just investor hype. Treat a new condo as a long-term housing and wealth decision instead of a lottery ticket. The easy money phase is over, but for buyers who underwrite their own household balance sheet the way a lender would underwrite a project, there is still a rational case for stepping into ownership.

Do your homework, surround yourself with an experienced team, and good luck.

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THE TECH BEHIND THE

PURPOSE-BUILT RENTAL BOOM

Purpose-built rentals are experiencing a major comeback across Canada as developers respond to changing market conditions. As this category grows, so does the role of PropTech. What started as a set of optional digital tools has evolved into a core operating system for how modern rental communities are planned, leased and managed.

Developers are embracing technology earlier in the process than ever before. Long before construction begins, digital platforms help teams evaluate demand, test suite mixes and analyze what renters actually want. With access to real-time data, decisions around layouts, amenities and pricing become far more strategic. This early clarity reduces risk and leads to buildings that feel aligned with genuine market needs, rather than guesswork.

Once a project moves into preleasing, PropTech becomes even more valuable. Today’s renters want autonomy. They want to browse available suites at their own pace, compare layouts, view finishes and understand pricing without waiting for a leasing appointment. Interactive floorplans, virtual tours and digital applications make that experience seamless. These tools bring transparency to a process that has traditionally been slow and opaque, and renters reward that transparency with faster decisions.

For leasing teams, technology creates structure and efficiency. Instead of juggling fragmented spreadsheets and follow-ups, teams work from platforms that track leads,

communications and conversion trends in one place. That level of organization helps agents prioritize high-intent renters and deliver consistent service across all touchpoints. The technology does not replace people, it frees them to focus on relationship building rather than administrative tasks.

Operations are where PropTech makes one of its biggest impacts. Smart access systems, digital maintenance requests and resident communication tools create a smoother living environment for renters, while giving operators better visibility into building performance. Issues are flagged faster, repairs are scheduled more efficiently and residents stay informed without relying on outdated bulletin boards or paper notices.

This operational layer has become a major competitive advantage. Renters want buildings that feel responsive and intuitive. They expect conveniences like mobile entry, quick service requests and clear communication. PropTech helps operators meet those expectations while improving retention and reducing turnover, which has a direct influence on longterm performance.

The value extends beyond individual buildings. By tracking data

across multiple assets, developers and operators can see patterns in renter preferences, leasing velocity and amenity usage. These insights influence how future projects are designed and help teams invest where it matters most. In a sector defined by tight margins and long timelines, this level of intelligence is transformative.

Purpose-built rentals are becoming smarter, more efficient and more resident-centric. The communities that stand out will be those that combine thoughtful design with digital systems that enhance the living experience from day one. PropTech may not be visible in the lobby or suite, but it is the engine driving a new standard for rental living, one that feels modern, transparent and built around the needs of today’s renter.

Tim Ng is the founder and CEO of ADHOC STUDIO and BLACKLINE, pioneering industry-leading digital solutions that merge real estate, art and technology to transform the sales experience. To explore ADHOC’s award-winning renderings and BLACKLINE’s innovative sales platform, visit adhocstudio.ca and blacklineapp.com.

TIM NG

Vivant on Bedford Park by Medallion Corp.

LEARN FROM HISTORY WHEN IT REPEATS ITSELF

The real estate industry is cyclical, and we can learn a lot from the industry’s history. Looking over the past few decades, owning real estate, especially new construction real estate, has been a good long-term investment. Riding out economic cycles and grabbing opportunity when it presents itself combine to create the optimum return on investment for homeowners. Ownership is also a tremendous way to pass along wealth to younger family members, and it brings with it the possibility of earning passive income through renting.

It is difficult for today’s new home and condominium buyers to understand that in the early 1980s, Canadians faced interest rates that skyrocketed higher than 20 per cent. Inflation hit more than 12 per cent and economic growth slowed. Homeowners who had purchased during the 1970s at much lower interest rates were hit with far higher rates to renew. Some were forced to foreclose, and the housing market stalled. In 1981, the average five-year fixed mortgage rate reached a high of approximately 21 per cent. Those

who could (mainly Baby Boomers) bought real estate, and those who persevered over economic cycles are now handing their investments down to their fortunate children. Put in perspective, owning real estate proved to be a wise long-term investment for many.

Then, of course, things went haywire again in 2008, when the U.S. market crashed and prices fell here, too. Our conservative banking practices saved us from the fate south of the border, and in response to the situation, the Bank of Canada lowered interest rates. Home prices rose again, and those who found ways to hold on to their real estate did well in the long run.

Home prices in Canada reached their highest point in 2017. To cool the market, the government introduced the Fair Housing Plan and the foreign buyer tax. As a result, sales dropped and prices fell temporarily. Then COVID descended upon us, and home prices rose because of demand. People sought larger living spaces during lockdown, especially those who were able to work from home. Urbanites moved to smaller

towns, and we enjoyed historically low interest rates.

Real estate cycles come and go, but the market always comes back –and when stability is restored, prices will rise again. If you look at prices over the long run, since 1994, the GTA’s housing values have risen 436.2 per cent overall. In other words, every generation of Canadians has faced homeownership challenges; yet over the past few decades, Canadians have earned substantial long-term wealth by owning houses and/or condos.

Despite the doom and gloom in today’s media, now is the best buyers’ market in decades. Like everything, however, this, too, shall pass. Buy now, before it does.

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BARBARA LAWLOR

Richmond Hill Town Manors by Altona Custom Homes

DEBBIE COSIC

THE AFFORDABLE HOME IS DISAPPEARING, HERE’S HOW CANADA CAN

BRING IT BACK

Canada’s housing affordability issues have deepened as home prices have outpaced wage growth for more than a decade. With demand rising, supply stagnating and borrowing rules becoming increasingly restrictive, many Canadians, especially firsttime buyers, find the pathway to homeownership slipping further out of reach. Meaningful reform requires coordinated action from both the federal government and financial institutions. Several practical measures could help restore balance to the market and make homeownership achievable again.

As prices skyrocketed, minimum down payments did not adjust proportionally. While a 20-percent minimum once made sense, today it places an unrealistic burden on buyers facing $700,000 to $1-million starter homes in major cities. Reducing minimum deposit percentages, or better, scaling them with wage benchmarks could allow savings requirements to reflect real economic conditions.

One of the most innovative ideas is to “bond” or securitize downpayment savings, enabling funds sitting idle in buyer bank accounts to be redirected into the housing supply chain. Similar to investment bonds, these instruments would keep the money secure for the buyer while deploying the capital to developers, municipalities, or affordable-housing projects. This approach addresses two issues simultaneously: Easing the

financial burden on first-time buyers and increasing the pool of capital for new construction.

Longer amortization periods lower monthly payments and improve affordability, particularly in high-priced markets. Canada already offers 30-year amortizations for uninsured mortgages; extending this to 40 or even 50 years, which is common in other countries, would give families more flexibility, especially early in their earning years.

The current stress test requires borrowers to qualify at a rate significantly higher than their actual mortgage rate. Designed to protect against financial instability, it has become disproportionately restrictive as interest rates climbed. A more reasonable system would tie the stress test to real risk metrics, such as income stability or economic region, rather than a blanket national rate buffer. This would keep households protected without locking qualified buyers out of the market.

The government can continue accelerating supply, building on the initiatives already underway in Ontario: By further fast-tracking development approvals, expanding tax credits and incentives for both builders and buyers, and increasing support for modular and factory-built housing. While progress has begun, sustained growth in housing supply remains the most effective longterm solution to improving affordability.

At the same time, Canada is overlooking one of the most immediate and impactful opportunities to ease the housing crunch: The 21,000 units of currently built inventory sitting unsold across the country. With a modest amount of government incentive, this existing stock can be rapidly transitioned into affordable

housing for both end users and investors. Today, while governments plan to spend billions to construct new rental units, we already have a significant supply of completed, movein-ready housing that could enter the market almost instantly. Redirecting this inventory into affordable ownership or rental programs would be one of the fastest and most cost-effective ways to expand Canada’s housing options.

Over the past 24 to 36 months, Canada’s homebuilding and real estate sectors have been under immense pressure. Rising interest rates, construction cost inflation, labour shortages and increasingly cautious lending have combined to stall projects and slow new housing starts. Builders are delaying and cancelling projects, sales, marketing and ad agencies are closing, and job losses across construction, real estate and related trades are accelerating. This downturn is not just an industry problem; it is a national economic threat.

Without decisive action to support both affordability and the industries that create housing, the cycle will worsen. The time to intervene is now, before the losses of the past few years compound into an even more severe crisis for future generations.

HOW HOMEOWNERS CAN PREPARE FOR

THE 2026 MORTGAGE RENEWAL WAVE

JESSE ABRAMS

A major shift is coming for Canadian homeowners. In 2026, a significant share of mortgages that were locked in during the ultra-low-rate years of 2020-21 will reach renewal. For many, this will mean facing today’s higherrate reality for the first time, and the financial impact could be substantial.

As a trusted partner in the home financing journey, Homewise wants to help Canadians understand what’s ahead and how early preparation can soften the transition.

WHY 2026 WILL BE A CRITICAL RENEWAL YEAR

The Canadian mortgage market is entering a period of accelerated renewal volume. Many homeowners secured five-year fixed mortgages during the peak of the pandemic’s low-rate environment. Those terms

now expire in 2026, setting up what industry analysts have called a “renewal wave.”

Key expectations for 2026 include:

• Payment increases for many fixedrate borrowers who initially locked in at historically low rates.

• More variability in payment changes depending on mortgage type, term, and amortization.

• Pressure on household budgets, especially for families already balancing inflation and rising living costs.

• A more competitive lending environment, as financial institutions adjust their offerings to attract renewing borrowers. In short, 2026 will not be business as usual for renewals, and homeowners should begin preparing long before their renewal date arrives.

WHAT THIS MEANS FOR HOMEOWNERS

For most Canadians renewing next year, the financial picture will look different from the one they locked in five years ago. Monthly payments may rise, and the overall cost of borrowing will likely be higher than what they have become accustomed to.

However, there’s also an opportunity. A renewal is not just the end of a term, it’s a moment to rethink your mortgage strategy, compare options and align your

“

” However, there’s also an opportunity. A renewal is not just the end of a term, it’s a moment to rethink your mortgage strategy, compare options and align your financing with your goals. Whether your priority is lowering payments, becoming mortgage-free sooner, or unlocking equity, 2026 can be a chance to reset your path.

financing with your goals. Whether your priority is lowering payments, becoming mortgage-free sooner, or unlocking equity, 2026 can be a chance to reset your path.

HOW AN UNBIASED MORTGAGE BROKER/AGENT HELPS CANADIANS GET AHEAD OF RENEWAL STRESS

Here’s how Brokers and Agents, (such as ours at Homewise) are a great place to go when mortgages are up for renewal:

1. Early Renewal Planning

They help you map out your renewal strategy months in advance. No last-minute scrambling, just clarity and control.

2. Rate Shopping Across Lenders

Instead of accepting your lender’s first offer, they compare options from a network of institutions to find terms that best fit your financial situation.

3. Personalized Advice

They take the time to understand your goals. Should you switch to a shorter or longer term? Consider variable? Adjust amortization? They help you make informed, confident decisions.

4. Strategic Timing

If rates improve leading into 2026, they help you lock in at the right moment. If waiting could benefit you, we provide guidance tailored to your timeline.

5. Stress-Test Planning

They help you model what different payment scenarios could look like, so even if payments rise, you’re ready.

WHAT HOMEOWNERS SHOULD DO NOW

To navigate the 2026 renewal wave smoothly, consider taking these steps today:

• Confirm your renewal date and set a reminder at least six to 12 months ahead.

• Review your financial goals are you looking to lower payments, speed up mortgage freedom or free up equity?

• Assess your current mortgage details, including rate, amortization and remaining balance.

• Connect with a mortgage advisor early, not weeks before renewal, four to six months.

• Build a conservative budget, preparing for the possibility of higher payments.

A little preparation now can mean thousands saved later.

THE BOTTOM LINE

2026 will be a defining year for Canadian homeowners as the renewal wave arrives. While many will face higher costs, those who plan strategically have the chance to turn a difficult moment into a financially empowering one. Renewal doesn’t have to be stressful. With the right support, it can be an opportunity for savings and strong financial decisions.

Jesse Abrams is Co-Founder at Homewise, a mortgage advisory and brokerage firm. thinkhomewise.com

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HOPEFUL HOMEBUYERS

ARE BEING LEFT BEHIND

MIKE COLLINS-WILLIAMS

This year’s federal budget, while framed as a step toward improving housing attainability, ultimately leaves many hopeful homebuyers and the broader housing industry without the support they urgently need. The

government’s decision to remove the GST for first-time homebuyers was presented as a meaningful affordability measure, but the reality is far less impactful. First-time buyers make up roughly five per cent of the overall market. Offering relief to such a small segment will do little to stimulate new housing starts, save well paying jobs in the skilled trades or keep the residential construction industry afloat during one of its most severe downturns in decades.

If the goal is to get new homes built and meaningfully increase supply, the GST rebate must be broadened. Restricting it to firsttime buyers overlooks the reality that many Canadians are currently living in homes that are either too big or too small for their needs, which creates bottlenecks throughout the housing continuum. Older adults who want to downsize, for example, are often unable to move because the financial penalties are simply too

high. Expanding the GST exemption to all homebuyers, whether they are entering the market for the first time or moving to a more appropriate home, would free up much-needed family-sized housing and help restore balance across the market. Young families are also being overlooked. Many Millennials and members of Gen Z entered the market by purchasing small condos, often the only homes they could afford at the time. Now, as they plan

“

” The federal government cannot allow this sector to shrink beyond recovery. It must step in with policies that stimulate housing starts now.

to start families, these households are ready to move into appropriately sized homes. Yet they receive no support under the current GST policy. These Canadians are not firsttime buyers, but they are exactly the type of move-up buyers needed to keep the housing ladder functioning. When they cannot move, the entire system slows down.

At the same time, the residential construction industry is facing an unprecedented crisis. Well-paying, highly skilled jobs are being lost every week. Once these workers leave the industry, Canada risks losing them for good. When the market eventually rebounds, who will be left to build the homes governments continue to promise?

The federal government cannot allow this sector to shrink beyond recovery. It must step in with policies that stimulate housing starts now, not stand back with a wait and see approach. An across-the-board GST rebate would directly reduce costs, encourage new investment and keep workers on the job during the downturn. It would also generate

important downstream economic benefits such as supply-chain activity, employment and increased local spending. And the idea that broad GST relief would significantly reduce government revenue does not hold up, because when nothing is being built, there is no GST being collected anyway.

Canada needs policies that support the full housing continuum, not just a very small portion of it. A universal GST rebate for all new homebuyers would help free up inventory, support growing families, stabilize the construction workforce and ensure that when demand returns, the capacity to build remains in place. The housing crisis calls for bold action and partial measures will not be enough.

Mike Collins-Williams, RPP, MCIP, is CEO West End Home Builders’ Association. westendhba.ca.

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THAT DEFINED 2025 THE HOUSING CONVERSATIONS ADVICE |

ELECHIA BARRY-SPROULE

Housing remained one of the most closely watched issues in 2025. Across the Greater Toronto Area (GTA), the conversations around affordability, supply, and the evolution of our neighbourhoods took centre stage. TRREB’s 2025

Annual Highlights brings these pieces together, illustrating how our advocacy, innovation and collaboration helped shape the region’s dialogue about the future of housing.

ADVOCATING FOR PRACTICAL HOUSING SOLUTIONS

This year saw meaningful progress on initiatives that can expand housing choice and improve affordability. Zoning reform continued to advance, creating opportunities for a more

diverse range of housing options. Modern construction technologies such as prefabricated and modular building, gained traction as efficient, cost-effective tools to accelerate housing delivery. At the same time, discussions around development charges, fees, and taxes underscored the growing consensus that unnecessary barriers must be reduced. Together, these shifts support communities that offer more options for people at every stage of life.

BRINGING THE HOUSING PICTURE INTO FOCUS

Residents want to understand what drives the cost and availability of housing in their communities. A major theme this year was the need for clearer, more meaningful insight into the factors that shape affordability, supply and neighbourhood growth. TRREB responded by emphasizing deeper analysis and accessible explanations. When the picture is clearer, it becomes easier to understand how policy decisions, market conditions and construction activity all contribute to the changes unfolding across the region.

“

SUPPORTING COMMUNITY STABILITY AND AFFORDABLE HOMEOWNERSHIP

Housing is ultimately about stability, opportunity and belonging. In 2025, TRREB continued its five-year, $500,000 commitment to Habitat for Humanity GTA, helping families build a secure foundation for affordable homeownership. This partnership reflects a core belief: That strong communities grow when families have a place to call home.

WORKING TOGETHER FOR BETTER OUTCOMES

The progress we made this year through practical advocacy,

” This year saw meaningful progress on initiatives that can expand housing choice and improve affordability.

strengthened partnerships and a commitment to clearer information, helped shape the broader housing landscape in 2025. These efforts reflect a shared goal: To ensure the GTA remains a region where people can build their lives with stability, opportunity and connection.

You can explore the full set of initiatives and accomplishments on TRREB’s 2025 Annual Highlights page at trreb.ca.

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visionaspirational An

by MARIAM ABOUTAAM

As the year winds down, I love taking a moment to reflect on what we’ve accomplished. A standout highlight of 2025 was completing a model townhome that truly resonated with visitors. Seeing their excitement and hearing how buyers wanted to incorporate its elements into their own homes was incredibly rewarding. The experience was made even sweeter when we were honoured with Best Model Home at the Ontario Home Builders’ Association Awards of Excellence.

This home became a canvas to merge elevated design with realworld functionality, proving that luxury can coexist with comfort and livability. Designed with balance in mind, it blends formality and warmth throughout.

KEEPING CLIENTS TOP OF MIND

From the outset, I envisioned clients who are well-travelled, designsavvy and love entertaining. That vision guided every choice, resulting in a carefully curated mix of high-

low furnishings, bold silhouettes, playful textures and a classic colour palette.

Inspired by European elegance, the interior was designed to feel collected, cultured and timeless reinterpreted for modern living. The colour story unifies these influences: Layered blues from deep navy to teal, dramatic aubergine and soft pastel pinks, all grounded by warm walnut, brass accents and ivory tones. Walnut anchors the design with tradition and depth.

In the open-concept kitchen and breakfast area, a dramatic range wall framed by an arched alcove of full slab Statuario marble contrasted with a subtle plaster finish, becomes the architectural focal point. Curved forms are repeated throughout in archways, furniture silhouettes and feature walls, establishing a harmonious flow from one room to the next.

A custom teal stain developed with our kitchen manufacturer, paired with rich wood floors and cabinetry detailed with brass inlay, enhances the model’s timeless aesthetic. This space exemplifies how luxury can be thoughtfully integrated into a preconstruction home.

INNOVATION AND REFINEMENT

Years of experience, European design inspiration and advancements from our vendor partners helped us elevate what buyers expect from a new home. Improved technologies – from

appliances to plumbing to porcelain materials that beautifully mimic natural marble cost-effectively –make achieving a high-end, custom look more accessible.

This model home demonstrates what thoughtful architecture,

innovative materials and intentional space planning can achieve. It strikes a balance between current trends and enduring style, inspiring homeowners and shows just how extraordinary a pre-construction home can be.

An award-winning in-house designer, Mariam Aboutaam is Director, Sales and Marketing, Interior Design at Kylemore, Markham, Ont., a builder known for master-planned communities and luxury homes. kylemoreliving.com.

FIND YOUR NEXT HOME

The

BRAMPTON

1. Bristol place 199 Main St, North, Brampton

2. Duo condos Malta ave & Steeles Ave

CALEDON

3. Mayfield Collection 2256 Mayfield Road. Mayfieldcollection.ca

ETOBICOKE

4. Curio Condos 801 The Queensway marlinspring.com

5. Humberwood Heights 50 Humberwood Blvd. tributecommunities.com

6. Arcadia District Bloor & Kipling arcadiadistrict.com

7. Kül Condos 875 The Queensway kulcondos.com

MARKHAM/ UNIONVILLE

8. Panda Markham 8200 Warden Ave. lifetimedevelopments.com

9. Gallery Towers at Downtown Markahm 162 Enterprise Blvd. downtownmarkham.ca

10. Highmount 4077 Hwy. 7 highmountbykingdom.com

MISSISSAUGA

11. Birch at Lakeview Village Lakeshore & Dixie Rd. branthaven.com

12. Artform Condos 86 Dundas St. E. emblemdevcorp.com

13. Exhale Condominiums Lakeshore Rd. East & Dixie Rd. exhalelakeshore.ca

14. Westport 28 Ann Street westportcondos.ca

NORTH YORK

15. Central Park Sheppard Ave. East & Leslie St. amexon.com

16. Yonge City Square 4050 Yonge St. yongecitysquare.com

PICKERING

17. Vupoint Kingston Rd. & Liverpool Rd. tributecommunities.com

OSHAWA

18. U.C. Tower 2425 Simcoe St N,Oshawa tributecommunities.com

TORONTO

19. Lawrence Hill Urban Towns Don Mills & Lawrence lawrencehillurbantowns. com

20. 489 Wellington St. W. 489 Wellington St. W. lifetimedevelopments.com

21. 500 Dupont St. 500 Dupont St. lifetimedevelopments.com

22. Artistry Condos 292 Dundas St. W. tributeartistrycondos.ca

23. Panda Condos Yonge & Dundas. lifetimedevelopments.com

24. 36 Eglinton Ave. W. 36 Eglinton Ave. W. lifetimedevelopments.com

25. Linx Condominiums Danforth & Main tributecommunicties.com

26. Y&S Condos 2161 Yonge St. tributecommunities.com

27. 50 at Wellesley Station

50 Wellesley St. East pureplaza.com

28. No. 1 Yorkville 1 Yorkville Ave. pureplaza.com

29. Theatre District Residences Adelaide & Widmer pureplaza.com

30. Bijou on Bloor 2450 Bloor St. West pureplaza.com

31. The Briar on Avenue 368 Briar Hill Ave. pureplaza.com

32. One Seventy Spadina & Queen St. West pureplaza.com

33. King West & Charlotte King St. West & Charlotte pureplaza.com

34. Forest Hill Private Residences

2 Forest Hill Rd. foresthillresidences.com

35. Oscar Residences 500 Dupont St. W. at Bathurst oscarresidences.com

36. Kingside Residences Kingston Rd. & Danforth altreedevelopments.com

37. Allure Condominiums 250 King St. East emblemdevcorp.com

38. XO Condos King & Dufferin lifetimedevelopments.com

39. 225 Jarvis Street Condos Dundas St. East & Jarvis amexon.com

40. 101 Spadina Spadina & Adelaide 101spadina.com

41. The Residences of Central Park Sheppard Ave. East & Leslie centralparktoronto.com

42. The Dawes at Main Street Danforth & Main St. thedawes.com

43. Birchaus Birchcliffe Village on Kingston Road birchausresidences.com

44. Knotting Hill 4000 Eglington Ave. W knottinghillcondominiums.com 45. 429Walmer Forest Hill Village 429walmer.ca

46. Park Avenue Place 1 & 2 Jane St. & Rutherford Rd. solmar.ca

FIND YOUR NEXT HOME

The latest properties in the Southwestern Ontario Area to

BURLINGTON

1. Affinity Condos Plains Rd. E. & Filmandale Rd. rosehavenhomes.com

2. Millcroft Towns Appleby Line & Taywood Dr. branthavenmillcroft.com

3. North Shore North Shore Blvd. & Plains Rd. nationalhomes.com

FORT ERIE

4. Discoverie Condos Signature Communities discoveriecondos.ca

GUELPH

5. Gordon Square III Gordon St & Clair Rd E tricar.com

HAMILTON

6. The Design District 41 Wilson Street emblemdevcorp.com

7. Corktown 225 John Street South corktown.condos

NIAGARA REGION

8. Lusso Urban Towns Martindale Rd. & Grapeview Dr. lucchettahomes.com

OAKVILLE

9. The Greenwich Condos at Oakvillage Trafalgar Rd. & Dundas branthaven.com

10. Synergy McCraney St. E. & Sixth Line branthaven.com

11. Upper West Side at Oakvillage 351 Dundas St. E. upperwestsidecondos2.ca

12. Greenwich Condos at Oakvilage Trafalgar Rd. & Dundas St. branthaven.com

13. Villages of Oakpark Dundas & Trafalgar ballantryhomes.com

STONEY CREEK

14. Casa Di Torre 980 Queenston Rd. branthaven.com

15. On The Ridge Lormont Blvd. & Chaumont Drive liveontheridge.ca