AI news brief
The accidental landlords, the Home of the Week and more top real estate stories
Globe and Mail - Business - 2026-08-21
AI Summary
National home sales have increased for the fourth consecutive month in July, with the home price index also seeing a slight rise, indicating potential market stabilization. In the Greater Toronto Area, Ajax has emerged as the top city for renters due to higher supply and stability, though affordability remains a concern. Meanwhile, some young condo owners are becoming "accidental landlords" as they rent out their units due to declining resale values and rising costs, often at a financial loss.
Key takeaways
- National home sales rose for the fourth straight month in July.
- Ajax is the best GTA city for renters based on supply and stability.
- Young condo owners are becoming accidental landlords due to market conditions.
What this could mean for homebuyers
Mortgage news can affect fixed rates, variable-rate expectations, affordability, and buyer timing. Use this article as context, then compare today's rates or ask the AI Mortgage Advisor how it applies to your situation.