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The Great Return: Why Remote Work Is Fading for Many Canadians

  Over the past few years, remote work reshaped how Canadians lived and worked, offering flexibility, reduced commuting stress, and a better work–life balance. But that era is shifting. A growing number of employers across Canada are signalling that remote options—once seen as a permanent fixture—are gradually disappearing. Several factors are driving this change. Many companies argue that in‑person collaboration boosts creativity, strengthens team culture, and improves productivity. Some leaders also believe that physical presence helps with mentorship and career development, especially for younger employees who entered the workforce during the pandemic. Economic pressures are also playing a role. With businesses navigating uncertainty, some executives feel that having employees on‑site provides more oversight and operational stability. At the same time, commercial real estate vacancies have pushed organizations to make use of the office space they’re already paying for. For w...
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Toronto Housing Market: Sales Dip, Prices Climb After Sluggish Period


Toronto’s real estate landscape is showing signs of a turnaround as we transition into spring. After a year of subdued sales activity, the market is witnessing renewed vigor. Here’s a snapshot of the recent developments:

Sales Activity:

  • February Sales Decline: Greater Toronto area home sales dipped in February, breaking a two-month streak of gains. Despite this, the market remains resilient.
  • Buyer Competition: Last month, competition between buyers started to re-emerge. Listings are attracting more attention, and buyers are increasingly competing with each other.
  • Regaining Confidence: Prospective homebuyers are regaining confidence, even as borrowing costs rise due to interest rate hikes by the Bank of Canada. Unlike last year, when the market was sluggish, buyers are now actively participating.

Price Trends:

  • Average Home Price: In March, the average home price in the Toronto area reached $1,108,606, surpassing the average list price for the first time since May 2022.
  • Still Below 2022 Peak: Despite the recent uptick, prices remain far from their 2022 peak. Detached homes, semi-detached properties, townhouses, and condos all saw price adjustments.
  • Composite Benchmark Price: The composite benchmark price for March was $1,118,500, reflecting a 16.2% year-over-year drop but an increase on a month-over-month basis.
  • Sales Volume: March concluded with 6,896 sales, up from 4,765 in February, although still down nearly 37% from March 2020.

The Toronto housing market is in transition. While prices are recovering, buyers are approaching the market more cautiously. As we head into spring, all eyes are on how this delicate balance between supply, demand, and affordability will evolve.


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