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Toronto Home Sales Jump 9.4% in June: What It Means for Buyers, Sellers & Landlords

  The GTA market just posted its strongest month of the year. Here's what the numbers actually mean if you're buying, selling, or renting out property in Ontario. 6,770 GTA home sales, June $1,058,658 Average selling price -5.4% MLS HPI, year-over-year The Toronto Regional Real Estate Board (TRREB) reported 6,770 home sales across the Greater Toronto Area in June 2026, up 9.4% from June 2025 and up 1.4% from May on a seasonally adjusted basis. That's the clearest sign yet that the slow start to 2026 is behind us — at least on the demand side. New listings tell the other half of the story. Only 17,282 new listings hit the market in June, a 12.9% drop from a year earlier, while active listings fell 13.5% year-over-year to 27,329. Buyers have less to choose from than they did last summer, even as more of them are shopping. A Market That's Quietly Tightening The sales-to-new-listings ratio — a key gauge of who holds the upper hand — climbed to about 39.2%, up from 37.2% in ...
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CRA 2025: New TFSA Limits, Adjusted Tax Brackets, and More!

 

The Canada Revenue Agency (CRA) has announced several key updates for 2025 that will impact taxpayers across the country. Here's a brief overview of the most notable changes:


New TFSA Limits

Starting January 1, 2025, Canadians will be able to contribute an additional $7,000 to their Tax-Free Savings Account (TFSA), bringing the total contribution room to $102,000 for those who have maximized their contributions since the program's inception in 2009. This increase is indexed to inflation and aims to provide more flexibility for savings and investment.


Adjusted Tax Brackets

In response to inflation, the CRA has adjusted the federal tax brackets for 2025. The new brackets are as follows:

  • 0 to $57,375: 15%
  • $57,375 to $114,750: 20.5%
  • $114,750 to $177,882: 26%
  • $177,882 to $253,414: 29%
  • Above $253,414: 33%

These adjustments are designed to ensure that taxpayers are not pushed into higher tax brackets solely due to inflation.


Other Updates

  • The basic personal amount (BPA) has been increased to $16,129, allowing individuals to earn this amount without paying federal income tax.
  • The Canada Pension Plan (CPP) benefits will see a 2.7% inflation adjustment, providing a slight increase in payments.

These changes reflect the CRA's ongoing efforts to adapt to economic conditions and support Canadians in managing their finances effectively.




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