As Ontario's housing market slows, buyers and sellers are urged to verify electrical work is properly permitted and inspected to reduce shock or fire risks. Key steps include confirming Electrical Safety Authority permits, hiring licensed electrical contractors, understanding the home's electrical capacity, assessing major electrical systems, and considering a dedicated electrical inspection. These measures help ensure safety and avoid costly surprises.
Having called Windsor home for more than 25 years, I know just how much your choice between a waterfront or inland property can shape your daily life. When helping clients, I encourage looking beyond the view: think about river access, the level of privacy you want, the character of local housing, your commute, and the amenities you’ll use most often. Each aspect can play a big part in finding a setting that truly fits your routine. My background in engineering and design has taught me to pay attention to how these details impact comfort and practicality—especially when it comes to making a home your own.
National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.
No home prices, mortgage rates, sales, listings, or affordability figures were provided for Canada, so no local market shift can be stated accurately.
The available numbers covered Canadian markets broadly and selected metros, leaving Canada without a named benchmark for qualifying income, monthly payments, or supply.
No Canada comparison appeared for current prices, MoM changes, or yearly sales activity, so a town-level affordability direction cannot be measured.
The mortgage stress-test discussion stayed general to Canada and did not specify how any borrower in Canada would qualify or pay monthly.
For Canada, the only faithful takeaway is caution: no local housing or lending detail was given to support a market-specific conclusion.
As someone who’s spent over 25 years in Windsor and now guides clients through Ontario’s condo market, I’ve seen firsthand how today’s softer market creates new opportunities—and new challenges—for buyers. While lower prices and more options might catch your eye, it’s not just about finding the right unit at the right price. Evaluating the building itself is just as crucial.
Whenever I help clients draft an offer, I always make sure it’s conditional on reviewing the Status Certificate. This isn’t just paperwork—it’s your window into the building’s reserve funds, ongoing litigation, fee structure, and the rules that will shape your experience and investment. I’ve found that comparing the reserve fund balance with the reserve fund study, and watching for repeated fee hikes above 5%, can reveal whether the building has been keeping up with maintenance or deferring costly work for future owners.
Buildings with a high concentration of investors can affect financing options, and details like transit access and retail amenities can make a big difference for both lifestyle and future resale. Looking at comparable sales within the same building is another key step I recommend to help test whether a property is truly the right long-term fit.
In this market, the real risk isn’t paying too much for a well-managed building—it’s getting lured by a low price into a poorly run one. That’s why thorough due diligence at the building level is more important than ever.
In Mid-Q3, Canada home sales slipped ~1% MoM and ~7% yearly, as economic uncertainty and higher mortgage costs weighed on market activity.
Canada’s price index was flat MoM in Mid-Q3 and ↓~3% yearly, while newly listed properties rebounded ~3% after three straight monthly declines.
The sales-to-new listings ratio eased to ~49% from ~51% in Early-Q3, moving further below its long-term avg. near 55% across Canada overall.
An economist said rising inflation risks and doubts about recent growth changed the broader backdrop, while higher bond yields pushed fixed mortgage rates upward.
At that time, markets priced in a ~60% chance of an Early-Q4 rate hike, with >1 percentage point of tightening by 2027.
Ontario may waive the 8% provincial HST on all newly built homes.
Earlier plan offered relief only to first-time buyers, funding $470M over 3 yr.
An industry leader called it a win for buyers, investors, builders.
Move followed federal commitment: first-time buyers save up to $130K under $1M.
Advocacy groups want Ontario eligibility aligned, excluding investor or non-owner-occupied homes.
Industry group also pushed land transfer rebate: $4K since 2017; wants $8K.
