A Montreal-based investment firm just made a move that should have every buyer, seller, and investor in the GTA paying attention. Jesta Group is acquiring more than 1,000 Toronto condo units. Total deal size: $500 million. The plan is to convert them into rentals. I sat down with my favourite mortgage broker, Dion Beg from Kanga Mortgage, to unpack what this actually means, because the headline only tells you about 10% of the story. The math no one is running Let's start with what we know. If...

The TRREB April 2026 Market Watch is out, and the numbers tell a different story than most people are expecting. Sales are up 7% year over year. Just under 5,900 homes sold across the Toronto Regional Real Estate Board. New listings are down. Average sale price sits at roughly $1,051,000, down about 5% from a year ago. So far, nothing too dramatic. But dig one layer deeper and the surprise shows up. Townhouses Took The Hit, Not Detached Most people assume detached homes get hit first when the...

The Bank of Canada held the policy rate steady at 2.25% today. That's now a year and a half at the same rate, going back to October 2024. Sounds boring on the surface. It isn't. Tiff Macklem and his team also signalled that rate hikes are back on the table if oil prices keep climbing. Bond yields started moving up the same morning, which means fixed mortgage rates are already shifting before the headlines catch up. If you're buying, refinancing, closing on a pre-construction condo, or self...