
Toronto real estate demand faces a new headwind—a shrinking population. Statistics Canada (StatCan) estimates the population of the Toronto CMA contracted in 2025, marking the only non-pandemic contraction in the region’s history. Young adults are fleeing to other provinces (or countries), leaving fewer families behind. The result is a stark demographic flip, where 1 in 6 residents are seniors, outnumbering children. Though we give the kids 1:1 odds in a fight.
And …
‘A perfect storm:’ New home construction in the GTA to decline for next 2 years amid economic uncertainty, report says
New home construction in the Greater Toronto Area is set to decline for the next two years amid higher building costs, weaker demand and more unsold homes, a new housing forecast states.
The Canada Mortgage and Housing Corporation published their report on Tuesday, saying that new home construction is set to decline through 2028, but the impact will vary regionally with Toronto and Vancouver most impacted.