In February 2025, Canadian home sales experienced a significant decline, with transactions dropping 9.8% compared to January. This marks the largest monthly decrease since May 2022, bringing sales to levels not seen since November 2023. On an annual basis, sales fell by 10.4% compared to February 2024.

In February 2025, Canada's housing market experienced a notable slowdown, with the seasonally adjusted annual rate (SAAR) of housing starts decreasing by 4% to 229,030 units, down from 239,322 units in January. citeturn0search1 This decline erased the modest 3% gain observed in the previous month.

The Bank of Canada (BoC) recently reduced its overnight rate by 0.25 percentage points to 2.75%. While this move was intended to stimulate borrowing and economic activity, it has led to unexpected consequences for mortgage costs, particularly affecting those with fixed-rate mortgages.

Canada's newly appointed Prime Minister, Mark Carney, is collaborating with Vancouver real estate mogul Bob Rennie, known as the "Condo King," to attract foreign investment for rental housing. The proposed plan involves the Canada Mortgage and Housing Corporation (CMHC) providing financial backing to foreign investors who commit to renting out properties for 25 years. Rennie stated, "I'm working with Carney... to allow foreign buyers to buy [properties], they have to rent it out for 25 years, and it will show the world we are open for business."

Hudson's Bay Company (HBC), Canada's oldest retailer, has announced plans to liquidate most of its stores, echoing the downfall of Eaton's in the late 1990s. This decision affects 74 out of 80 Hudson's Bay stores, along with all three Saks Fifth Avenue and 13 Saks Off 5th locations across Canada.

Hudson's Bay Company (HBC), Canada's oldest retailer, has announced plans to liquidate most of its stores, echoing the downfall of Eaton's in the late 1990s. This decision affects 74 out of 80 Hudson's Bay stores, along with all three Saks Fifth Avenue and 13 Saks Off 5th locations across Canada.

Salt stains on hardwood floors can be a common problem during the winter months, especially in areas where roads and sidewalks are treated with salt to combat snow and ice. While salt helps to keep surfaces safe, it can also leave unsightly and damaging stains on your beautiful hardwood floors. The good news is that with the right cleaning methods and prevention strategies, you can keep your floors looking pristine all year round. In this article, we will explore simple and effective ways to clean salt stains from hardwood floors and provide tips on how to prevent them from forming in the first place.

Toronto is taking steps to address its housing challenges by proposing to defer development charges (DCs) for certain condominium projects that have stalled. This initiative targets multi-unit ownership housing developments that submitted a complete Site Plan Application by March 1, 2025, and allocate between 5% and 10% of their units to affordable housing.

Canada's population is aging rapidly, with seniors projected to make up nearly one-quarter of the population by 2040. This demographic shift presents significant challenges in ensuring appropriate housing for older Canadians. Many seniors prefer to "age in place," remaining in their current homes and communities. However, this choice often requires home modifications and access to support services to accommodate changing needs. Unfortunately, home care services are often underfunded and face staffing shortages, making it difficult for seniors to receive necessary assistance at home.

As winter sets in and the temperature drops, many of us start relying more heavily on our gas stoves to keep our homes warm and cook our meals. However, you might notice that your gas stove seems less efficient than usual during these colder months. The flame may appear weaker, cooking times may increase, and your energy bills might rise. Understanding why your gas stove works differently in cold weather is important for both saving money and ensuring your stove runs optimally. In this article, we’ll explore the reasons behind your gas stove’s reduced efficiency during winter and offer simple solutions to fix it.

In 2023, Cadillac Fairview, a major Canadian property developer, extended a $200 million loan to Hudson's Bay Company (HBC) to support the retailer during financial difficulties. This move aimed to maintain HBC as an anchor tenant in Cadillac Fairview's shopping centers, ensuring continued customer traffic and stability within these retail environments.

Canada's housing market, which had been showing signs of strength, is now experiencing a significant downturn due to escalating trade tensions with the United States. In February, national home sales dropped nearly 10% from January, marking the most substantial monthly decline since May 2022. This decrease reflects growing economic uncertainty as potential buyers hesitate to make significant financial commitments amid the trade conflict.

As the colder months roll in, many homeowners often overlook the importance of protecting their appliances from the potential damage caused by freezing temperatures. One of the most vulnerable appliances in your home during the winter is your washing machine. If you live in a region that experiences extreme cold, taking proper precautions to shield your washing machine from the effects of freezing weather can prevent costly repairs and extend its lifespan. The cold weather can lead to freezing of pipes, hoses, and other components of the washing machine, which could cause leaks or permanent damage. This guide will show you how to safeguard your washing machine from the harm that low temperatures can bring.

In February 2025, home sales in the Greater Toronto Area (GTA) dropped by 27.4% compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB). A total of 4,037 homes were sold, down from 5,562 in February 2024.

Rocket Mortgage, a major U.S. online mortgage lender, has announced its plan to exit the Canadian market by June 27, 2025. This decision underscores the challenges non-bank financial institutions face in penetrating Canada's mortgage sector, which is predominantly controlled by the country's major banks.

As winter rolls in, many homeowners find themselves relying on extension cords to power outdoor lights, space heaters, and other appliances. However, the cold weather brings with it unique challenges when it comes to using extension cords safely. While extension cords are a convenient way to extend power to places where outlets are scarce, improper use, especially during the winter months, can lead to serious risks, including electrical shocks, fires, and equipment damage. Ensuring that you are using extension cords correctly is essential to protect your home and loved ones during the colder months.

Canadian wages are experiencing notable growth, surpassing historical averages, according to recent analyses. BMO Capital Markets highlighted that average hourly wages in February 2025 increased by 3.8% compared to the previous year, with total annual growth of aggregate hours worked moving 0.5% higher, resulting in an overall pay rise of 4.3%.

Average asking rents across Canada have fallen for the fifth consecutive month, reaching $2,088 in February. This 4.8 per cent year-over-year decline is the largest since April 2021.

As the winter months set in, many homeowners rely on electric baseboard heaters to keep their homes warm and comfortable. These heaters are often a popular choice because they are easy to install and provide consistent heat. However, there are times when these heaters might stop working properly, leaving you in the cold during the chillier months. Whether it’s a sudden drop in heat output, strange noises, or uneven warmth, a malfunctioning electric baseboard heater can be frustrating.

A custom-built home in Toronto has hit the market for $7.7 million, offering a range of luxurious amenities that are sure to impress potential buyers. The property, located in one of the city's most desirable neighborhoods, stands out not only for its size and modern design but also for its high-end features, which include a private gym, an elevator, and even a heated driveway with parking space for 10 vehicles.

At a price of $2.5 million, potential homeowners in Canada are faced with an intriguing decision: would they prefer a sleek, modern waterfront condo in downtown Toronto, or a spacious bungalow tucked away in a scenic Mississauga ravine?

Winter can be a challenging season for homeowners, especially when it comes to maintaining outdoor features like lighting. The cold, snow, and ice can cause significant wear and tear on outdoor lighting systems, leaving them damaged or even completely unusable by the time spring arrives. Outdoor lighting not only enhances the beauty of your property but also provides safety and security. Therefore, it's important to take measures to protect your outdoor lights from the harsh winter elements.

In February 2025, home sales in the Greater Toronto Area (GTA) dropped by 28.5% compared to January, totaling 4,326 units, according to the Toronto Regional Real Estate Board (TRREB). citeturn0news4 This decline follows a 12.4% increase in January, indicating a sudden shift in the market.

A stunning new luxury condo at the Ritz-Carlton in downtown Toronto has recently hit the market for a whopping $23 million. Located directly across from the iconic CN Tower, the condo offers an unmatched view of the city’s skyline, making it one of the most exclusive and expensive properties in the area. This breathtaking residence isn't just about location; it’s a carefully curated space, designed to appeal to those with a taste for the finer things in life.

During the winter months, frozen pipes are a common issue for homeowners, especially those with pipes located in unheated areas like garages. When temperatures drop below freezing, the water inside pipes can freeze and cause the pipes to burst, resulting in costly damage. Thawing frozen pipes in your garage is crucial to prevent further damage and ensure that your home’s water supply continues to function properly. However, it’s important to thaw the pipes safely to avoid causing cracks or bursts in the plumbing. This guide will walk you through the steps to thaw frozen pipes in your garage without causing damage.