Mandeep Toor's blog

Ontario’s housing market is showing troubling signs. A Fraser Institute analysis, featured in The Globe and Mail around July 25, 2025, highlights a sharp drop in housing starts—with important implications for housing affordability and market dynamics in the province.(fraserinstitute.org)

Key Numbers: A Sluggish Start to 2025

• Only 27,368 new homes broke ground in the first half of 2025, representing a:

  • 25% decline compared to H1 2024.

  • 35% drop from the same period in 2023. That’s even lower than the tumultuous pandemic year of 2020, which saw 33,588 housing starts.

• From 2022 to...

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Canada needs housing fast—but one technical change from CMHC could delay new projects hitting the market.

What changed?
CMHC’s MLI Select program (which helps finance multi-unit rental projects) now requires stricter surety bonds. These bonds are like financial guarantees to ensure a project will be completed.

Why it matters:

• Developers who build in-house may struggle to qualify.

• Contractors need to prove bonding capacity before being hired.

• Sub-trades, many of whom have never dealt with bonds, now face stricter entry barriers.

When...

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Ottawa’s foreign homebuying ban is grabbing headlines again as developers and city leaders urge changes to help boost new housing supply and support jobs. Critics say the ban was a quick political fix but could have long-term consequences for affordability and future growth in Canada’s housing market. Should Ottawa consider targeted exemptions for new home construction? The debate continues.

#CanadaHousing #RealEstate #ForeignHomebuyers #Ottawa #HousingCrisis #PolicyDebate

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️ NEW PODCAST EPISODE OUT NOW!

Topic: "If Neither Party Is Ready to Close – Who (If Anyone) Is Legally at Fault?"

This episode is a clear example of how crucial intentions are — even beyond paperwork or verbal agreement. Intentions speak through actions, especially when no one is saying anything.

We explore a real-world scenario highlighting the importance of understanding roles, responsibilities, and timing during a real estate closing.

Courtesy of James R.G. Cook, featured in Real Estate Magazine (REM).
This podcast is for educational purposes only and...

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"Is a recession on the horizon? We asked ChatGPT and 6 other AI chatbots the tough question everyone’s wondering… and their answers might surprise you! "

Watch the full video to see what each AI predicted about the economy’s future.

Do you think a recession is coming? Drop your thoughts below!

#AI #ChatGPT #EconomyUpdate #Recession2025 #MarketTrends #RealEstateMarket #FinanceTalk

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Buying a home is one of the biggest decisions you'll ever make—and while it's true that it's not an overnight process, many buyers unintentionally make it longer than it needs to be.

Whether you're a first-time buyer or on your second or third property, avoiding the following 8 common mistakes can help you close faster, reduce stress, and get the keys to your dream home sooner.

Here’s what to steer clear of if you want a smooth and efficient home-buying experience:

1. Waiting Too Long to Hire a Real Estate Agent

Many buyers start by browsing listings,...

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By popular demand, we’re breaking down the Listing Agreement (the Seller Representation Agreement Authority to Offer for Sale) in plain language so you can fully understand your rights and obligations as a seller in Ontario.

This standardized form from the Ontario Real Estate Association (OREA) outlines all the important details you need to know, including:

The terms of service & commission structures

Types of representation (e.g. multiple representation)

Brokerage authority to market your property

Seller warranties & indemnification

...

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By popular demand, we’re here to help you understand the Agreement of Purchase and Sale in Ontario — without the confusing legal jargon!

This standardized form (OREA Form 100) is a crucial part of every real estate transaction in Ontario and lays the groundwork for both buyers and sellers to successfully navigate the sale process.

Here’s what it covers:
Purchase price & deposit
Irrevocable dates & completion dates
Chattels & fixtures
Rental items & taxes
Title searches & property inspections
Insurance & document handling

And remember — this form...

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The June 2025 real estate outlook reveals a complex but insightful snapshot of the Canadian housing market. From the ripple effects of global trade wars and rising oil prices to shifting tariffs, these economic forces are continuing to impact affordability, mortgage trends, and regional housing stability across the country.

In Ontario, softening job numbers and consumer uncertainty are contributing to a more cautious buyer pool. Meanwhile, mortgage rate dynamics remain a key driver, with many homeowners facing renewal pressures, while new buyers...

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When it comes to pricing a home, most people focus on the usual suspects — square footage, architectural style, location, and age. While these technical factors are undeniably important, there's a missing piece many overlook: the human factor.

Real estate isn’t just numbers and comps — it’s emotions, motivations, and timing. Buyers fall in love. Sellers hesitate. Financial pressures, family plans, and lifestyle changes all play a huge role in what a property is actually worth on the open market.

To truly understand a home’s value, we need more than...