A Toronto rental building near Yonge and Bloor could be replaced with a 69-storey, 814-unit tower. Toronto has approved 117 rental demolitions in five years, and tenants call it demoviction. Progress, or eviction with a permit? Source: CTV News Toronto Gary A. McGowan | Keller Williams Realty Centres, Brokerage #TorontoRentals #Demoviction #HousingCrisis

ew condo sales in the GTA hit a September record low of 129 units, while new townhomes and houses beat the 10-year average with the same HST rebate. Builders want the rebate rules changed so more condos qualify. Save the condos, or let the market decide? Source: BILD, Altus Group Gary A. McGowan | Keller Williams Realty Centres, Brokerage #TorontoCondos #TorontoRealEstate #NewHomes

A Mississauga mayoral candidate wants to permanently freeze property tax increases for seniors, but the increases build up and get collected when the home is sold or transferred. BC's deferment program now charges prime plus 2%, compounding monthly, on new deferrals. Fair to seniors, or a bill for the kids? Sources: Toronto Star, candidate's published platform, Government of BC Gary A. McGowan | Keller Williams Realty Centres, Brokerage #PropertyTax #CanadianRealEstate #Seniors

Urbanation says investors bought about 45% of new GTA condos last quarter in bulk, at an average 40% discount, and are turning them into rentals. Sales are 78% below normal, and they're the only ones buying. Villain, or the only one willing to buy? Sources: Urbanation via Financial Post, Toronto Star Gary A. McGowan | Keller Williams Realty Centres, Brokerage #TorontoCondos #TorontoRealEstate #CondoMarket

CREA cut its sales forecast again as September home sales fell 2.3%, but the industry is still pitching pent-up demand. It's real. It just doesn't have a mortgage. Pent-up demand: real, or Realtor spin? Sources: CREA, STOREYS Gary A. McGowan | Keller Williams Realty Centres, Brokerage #CanadianRealEstate #HousingMarket #RealEstateTruth

Toronto condos are selling at deep discounts, so developers stopped building. CMHC says just 156 condo units were started in the city in the first half of 2026, compared to about 7,000 in a typical year. Buy now, or wait for a crash that may never come? Sources: CMHC Fall 2026 Housing Supply Report via STOREYS, Desjardins, Toronto Star Gary A. McGowan | Keller Williams Realty Centres, Brokerage #TorontoCondos #TorontoRealEstate #FirstTimeHomeBuyer

Canada's foreign buyer ban expires January 1, 2027, and Ottawa is still reviewing what comes next. Some economists say let it expire. Others point to Australia, where foreign buyers can purchase new homes but not existing ones. With thousands of unsold new condos sitting empty, should foreign buyers be let back in for new builds only? Even before the ban, Statistics Canada found non-residents owned only about 2 to 6% of homes. Let them back in, or keep the door shut? Tell me in the comments. Sources: Bloomberg, MoneySense, Statistics Canada Gary A. McGowan | Keller Williams Realty Centres, Brokerage #CanadianRealEstate #ForeignBuyers #Housing

Developers are quietly selling unsold Toronto condos in bulk to investment firms at big discounts, and those deals never show up on the market. Now a platform is offering those discounts to regular buyers. But you have to sign an NDA before you even see the building. Their reason? To protect the people who already paid more. Same building, two prices. Fair business, or rigged? Tell me in the comments. Source: Toronto Star Gary A. McGowan | Keller Williams Realty Centres, Brokerage #TorontoCondos #TorontoRealEstate #CondoMarket

700 comments on my heat pump rebate video split into two camps: "it's a Brookfield cash grab" and "heat pumps don't work in a Canadian winter." Here's what's true on both, and why you shouldn't rip out your furnace. Sources: BC Hydro, CBC News, Canadian Press #HeatPump #CanadianRealEstate #Homeowners