The King Realty Group

The King Realty Group We are a professional Real Estate Company specializing in investing, buying and selling Real Estate

Toronto’s revamped BMO Field got its biggest FIFA World Cup test run yet as nearly 45,000 fans packed the stadium to wat...
05/12/2026

Toronto’s revamped BMO Field got its biggest FIFA World Cup test run yet as nearly 45,000 fans packed the stadium to watch Lionel Messi and Inter Miami take on Toronto FC ahead of next month’s World Cup matches. The sold-out event showcased the stadium’s major upgrades, including 17,000 temporary seats added for the tournament, with many fans praising the atmosphere, skyline views, and “real stadium” feel created by the expanded venue. While most attendees were impressed with the experience and the stability of the towering new stands, some reported longer-than-usual lines, difficult navigation around construction areas, heavy downtown traffic, and obstructed views caused by newly installed video screens. Overall, the match acted as a large-scale rehearsal for Toronto’s upcoming FIFA World Cup hosting duties, giving organizers valuable insight into crowd flow, transportation, and stadium operations before the global tournament officially begins.

Source: The Globe and Mail

Canada’s rental market continues to cool overall, with average asking rents falling 4.7% year-over-year in April to $2,0...
05/12/2026

Canada’s rental market continues to cool overall, with average asking rents falling 4.7% year-over-year in April to $2,027, marking the 19th consecutive month of annual declines, according to a report from Urbanation and Rentals.ca. In Toronto, one-bedroom rents dropped 4.7% while two-bedroom units declined 2.1%, reflecting increased supply and softer demand as more investor-owned condos enter the rental market after struggling to sell. However, larger family-sized units are moving in the opposite direction, with three-bedroom rents rising 2.3% year-over-year due to a severe shortage of larger and more affordable housing options. Experts say most new supply has focused on studios and smaller units, leaving families competing for limited larger rentals. Despite recent declines, Ontario remains one of Canada’s most expensive rental markets, and average rents are still significantly higher than pre-pandemic levels, highlighting ongoing affordability challenges even as the market gradually softens.

Source: The Star

Many Canadian retirees are putting their downsizing plans on hold as softer home prices, limited housing options, and ri...
05/11/2026

Many Canadian retirees are putting their downsizing plans on hold as softer home prices, limited housing options, and rising living costs make selling less appealing in today’s market. According to industry experts and survey data from RE/MAX Canada, a growing number of seniors are choosing to remain in larger homes because they cannot find smaller properties that suit their lifestyle needs, particularly as many newer condos were designed for investors rather than long-term living. Financial concerns are also playing a major role, with some retirees worried that falling property values could reduce the equity they planned to rely on in retirement, while Realtor fees, land transfer taxes, renovations, and moving costs can consume a significant portion of sale proceeds. Many older Canadians are also helping support younger family members through ongoing affordability challenges, further delaying retirement and relocation decisions. While experts believe a larger downsizing wave will eventually emerge as Canada’s population ages, many retirees currently feel that selling simply isn’t worth it in the current market environment.

Source: The Star

After a cautious and uneven 2025, Canada’s housing market is expected to recover gradually in 2026 and strengthen furthe...
02/04/2026

After a cautious and uneven 2025, Canada’s housing market is expected to recover gradually in 2026 and strengthen further in 2027, driven largely by pent-up demand, according to the Canadian Real Estate Association (CREA). Higher interest rates and economic uncertainty—especially around U.S. tariff threats—kept buyers sidelined longer than expected, but a mid-2025 rebound in sales offered an early signal of renewed momentum. CREA points to improving sentiment among first-time homebuyers, who have endured four years of worsening affordability and may now re-enter the market after the Bank of Canada signalled in October 2025 that rates were likely near their floor, with the policy rate currently at 2.25%. Nationally, CREA forecasts 494,512 home sales in 2026 (+5.1%) and 511,966 in 2027 (+3.5%), with the strongest rebounds expected in Ontario and British Columbia, where sales fell the most during the slowdown. Other regions, including the Prairies, Quebec, and Atlantic Canada, are projected to see steadier but more modest gains. On prices, CREA expects a measured increase, with the national average rising 2.8% in 2026 and 2.3% in 2027, keeping prices near the $700,000 mark and well below the rapid growth rates seen earlier this decade. Overall, the forecast suggests a slow, confidence-driven recovery, led by end-users rather than investors, pointing to a housing market that is stabilizing rather than overheating.

Source: Daily Hive

New condo apartment sales in the Greater Toronto and Hamilton Area plunged to just 1,599 units in 2025 — the lowest leve...
01/28/2026

New condo apartment sales in the Greater Toronto and Hamilton Area plunged to just 1,599 units in 2025 — the lowest level in 35 years, according to a new report from Urbanation, marking the fourth consecutive annual decline and a collapse of 91 per cent below the 10-year average. Sales were down 60 per cent from 2024 and 95 per cent compared to the 2021 peak, with no improvement seen in the fourth quarter, which recorded the weakest quarterly sales since 1990. Developers responded by cancelling a record 28 projects totaling 7,243 units, more than double last year’s cancellations, while launching only 10 new condo projects in all of 2025. As investors moved to the sidelines and more buyers failed to close, developers took back roughly 10 per cent of pre-sold units, pushing completed and unsold inventory to a record high of nearly 4,000 units. While some cancelled projects shifted to purpose-built rentals, condo starts fell to multidecade lows, raising concerns that today’s slowdown could trigger a severe new-condo supply shortage later this decade, with deliveries expected to drop sharply after 2026 and nearly vanish by 2029.

Source: The Star

The City of Toronto will increase funding for its rent bank program by $2.6 million in 2026, a 30 per cent boost that br...
01/19/2026

The City of Toronto will increase funding for its rent bank program by $2.6 million in 2026, a 30 per cent boost that brings the total budget to $10.8 million, Mayor Olivia Chow announced. The rent bank provides no-interest loans to eligible residents who are at risk of eviction, helping them cover rent arrears or rental deposits so they can remain housed while their finances stabilize. According to Chow, the additional funding will allow the city to prevent more than 3,000 households from facing eviction or homelessness, supporting roughly 600 more households in 2026 than in 2025. The increase comes amid ongoing affordability pressures and reflects the city’s broader focus on preventative housing supports as part of its 2026 budget.

Source: The Star

Although Toronto’s long development boom has clearly slowed — with preconstruction sales at a 30-year low and major proj...
01/16/2026

Although Toronto’s long development boom has clearly slowed — with preconstruction sales at a 30-year low and major projects being cancelled — 2026 will still deliver several notable architectural milestones due to the long lag between approvals and construction. Four projects in particular stand out: One Delisle, a 47-storey circular tower by Studio Gang, notable for its biophilic design and faithfulness to Jeanne Gang’s original concept; Forma, the two-tower redevelopment by Frank Gehry, featuring a 308-metre supertall that will become the tallest Gehry-designed building in the world; King Toronto, a bold, stacked “architectural mountainscape” by Bjarke Ingels Group, blending heritage brick with playful massing and sustainability; and Skytower at One Yonge, a 106-storey, 352-metre skyscraper by Hariri Pontarini Architects set to become the tallest building in Canada. Together, these projects signal a shift away from mass condo expansion toward fewer, more ambitious developments that will continue to define Toronto’s skyline even as the broader market cools.

Source: The Global and Mail

Canada’s real estate market has entered a “long and slow grind” toward affordability, according to BMO senior economist ...
01/14/2026

Canada’s real estate market has entered a “long and slow grind” toward affordability, according to BMO senior economist Robert Kavcic, with little momentum for a meaningful rebound in 2026. While home prices are down roughly 17% from their early-2022 peak and borrowing costs have eased, housing remains unaffordable for many because incomes have not kept pace, a process that will take years. Investors who fueled the previous boom have largely abandoned the market, immigration has been capped, and millennials are aging out of peak buying years, all contributing to subdued demand. Prices have stabilized in some cities since spring 2025, but Kavcic believes they still have further to fall, particularly in condos and rentals, where oversupply, struggling pre-construction buyers, and softer rents are creating pressure. At the same time, the scarcity of three- and four-bedroom family homes continues to support prices in that segment. With a wide gap between seller expectations and buyer bids, Kavcic expects sellers to gradually relent, leading to continued negotiations, sideways pricing, and a market defined by patience rather than optimism, where buyers proceed cautiously and only commit if they truly plan to stay long term.

Source; The Global and Mail

Toronto’s housing market ended 2025 on a clear downswing, with Greater Toronto Area home sales falling 11.2% year-over-y...
01/12/2026

Toronto’s housing market ended 2025 on a clear downswing, with Greater Toronto Area home sales falling 11.2% year-over-year to the lowest level in 25 years, as buyers stayed cautious amid economic uncertainty, trade concerns, and job security fears. December sales dropped 8.9% year-over-year, while the average selling price declined 5.1% to about $1.01 million, and the benchmark price fell 6.3%, reflecting broad-based weakness across housing types—especially townhouses (-22.5%) and condos (-11.2%). Inventory remained elevated with new listings up 10.1% in 2025, giving buyers leverage and contributing to an annual average price drop of 4.7%. Although forecasts for a 2025 rebound missed the mark, the Toronto Regional Real Estate Board says lower prices and mortgage rates have improved affordability, setting the stage for a potential recovery in 2026 if confidence returns. With the Bank of Canada expected to hold rates steady after cuts brought the policy rate to 2.25%, industry voices believe clarity on rates, trade stability, and employment could finally release pent-up demand and lift sales later this year.

Source: The Star

Despite a colder market, our team kept the momentum going.Over the last quarter of 2025, we successfully sold and leased...
01/09/2026

Despite a colder market, our team kept the momentum going.

Over the last quarter of 2025, we successfully sold and leased multiple properties—proof that strategy, consistency, and hard work still win, even in challenging conditions.

A huge thank you to our clients for the trust you place in us. Your confidence is what drives us to push harder, negotiate smarter, and deliver results when it matters most.

If you’re thinking about buying, selling, or leasing in 2026 and want a team that performs in any market, let’s talk.

Canada’s rental market is showing clear signs of increased supply, but affordability remains deeply strained. According ...
01/09/2026

Canada’s rental market is showing clear signs of increased supply, but affordability remains deeply strained. According to CMHC’s 2025 Rental Report, the national vacancy rate rose to 3.1% in October 2025, a four-year high and a 40% faster increase than rental demand, driven by both improving supply and cooling population growth following immigration caps. Surprisingly, the largest vacancy gains are occurring in historically tight markets, with Toronto reaching a 3.0% vacancy rate—its highest since the pandemic—and Vancouver climbing to 3.7%, a level not seen since 2000. Despite this shift, rents continue to rise: the average two-bedroom apartment cost $1,550 in 2025, up 5.1% year over year, far exceeding wage growth of 3.5% and the Bank of Canada’s inflation target. While rent growth has slowed slightly in Toronto and Vancouver, it has accelerated in traditionally more affordable cities like Halifax and Montreal, shrinking the cost gap between large and smaller markets. As a result, Canada has moved from a shortage-driven rental crisis to an affordability-driven one, and with a wave of new rental completions expected, the coming months may determine whether rents finally cool or remain stubbornly elevated.

Source: Better Dwelling

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