{"id":75940,"date":"2026-06-05T13:32:10","date_gmt":"2026-06-05T13:32:10","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/75940\/"},"modified":"2026-06-05T13:32:10","modified_gmt":"2026-06-05T13:32:10","slug":"more-ontario-homes-selling-at-a-loss-many-airbnbs-still-empty-for-world-cup-and-the-home-of-the-week-canadian-real-estate-news-for-the-week-of-june-5","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/75940\/","title":{"rendered":"More Ontario homes selling at a loss, many Airbnbs still empty for World Cup and the Home of the Week: Canadian real estate news for the week of June 5"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

The home of the week is an industrial but welcoming family home in Toronto’s Roncesvalles neighbourhood.Tenzin Chosang\/Tenzin Chosang\/ Tenzi Films<\/p>\n

This week: Why more Ontario homes are selling at a loss or under duress, and the World Cup Airbnb boon that hasn\u2019t come. Plus, a first-of-its-kind development might have a harder time finding renters, and one property worth a look.<\/p>\n

Take our business news and investing quiz<\/a><\/p>\n

Falling flatAhead of the World Cup, many short-term rentals are surprisingly vacantOpen this photo in gallery:<\/a><\/p>\n

The FIFA frenzy was supposed to be a boon for tourism in Toronto and Vancouver, but many Airbnb hosts are finding the opposite.Jennifer Gauthier\/Reuters<\/p>\n

Thinking of escaping the World Cup chaos and making a pretty penny by renting out your place on Airbnb or VRBO? Think again. The tournament was supposed to be a boon for short-term rental owners in Toronto and Vancouver, but as Emma Bolzner reports, many Airbnb hosts are finding their properties shockingly vacant<\/a>. \u201cWhen I started looking into whether there has been an influx in short-term rentals and hotel bookings, I was surprised to learn the promised rush hadn\u2019t come,\u201d Emma told me. \u201cInstead, many short-term rental hosts have not had any bookings at all.\u201d<\/p>\n

Shelby Lim had hoped to get up to $1,500 a night for her unit near the stadium in Vancouver, but the lack of bookings \u2013 even with prices lowered to $500 \u2013 is leaving her perplexed. \u201cI have bookings all the way up to the day before FIFA starts. Then, I start being booked solid again in July,\u201d she said. She\u2019s not alone, with other hosts suspecting the market is flooded and hotel groups blaming FIFA, in part, for booking and then cancelling thousands of hotel rooms ahead of the tournament.<\/p>\n

It\u2019s a sharp contrast compared to the finale of Taylor Swift\u2019s Eras Tour in Vancouver, which sent hotel prices skyrocketing and sold rooms out months in advance of the singer\u2019s three shows in December, 2024. Are Swifties more dedicated than soccer fans? \u201cNo comment,\u201d Emma laughed. But short-term rental hosts and hotels caught in an unexpected slump are certainly hoping they can shake it off before kick-off.<\/p>\n

DataMore Ontario homes sold at a loss in 2025Open this photo in gallery:<\/a><\/p>\n

Homeowners in the province are increasingly selling at a loss or under duress, according to new data.Fred Lum\/the Globe and Mail<\/p>\n

If you\u2019re a homeowner selling in Ontario, you\u2019re more likely to be doing it at a loss \u2013 or under duress. The share of homes sold in power of sale has grown exponentially since 2022<\/a>, from 578 to 2,979 in 2025, according to new data from Teranet Inc., the private company that manages all registration of property titles in the province. That 415-per-cent increase is a major sign of turmoil in the market, one which Teranet manager Karan Malhotra attributes to pandemic-related unemployment and interest rate hikes to combat inflation.<\/p>\n

And as Shane Dingman reports, many of those who sold their homes of their own volition haven\u2019t seen their fortunes improve, either. More are selling at a loss, and it greatly depends on when you bought your home. Those who purchased at the peak of prices in 2022 are the worst off, with 36.6 per cent of sales coming below the original purchase price in 2025, five times as many as for homes bought just two years earlier in 2020. <\/p>\n

Though Malhotra hasn\u2019t crunched the numbers for this year yet, he expects the stress on homeowners to grow as more mortgages come up for renewal at higher rates this year. \u201cThe factors are not dying down; I think it\u2019s more doubling up now. It will get more expensive to survive from a household and funds management perspective in 2026,\u201d he said. Read Shane\u2019s full story here.<\/a><\/p>\n

This week\u2019s lowest fixed and variable mortgage rates in Canada<\/p>\n

Rates shown are the lowest available for each term\/type and category (insured vs. uninsured) as of market close on Thursday, June 4<\/a>.<\/p>\n

Rental A landmark Vancouver development is opening, but will renters want to live in it?Open this photo in gallery:<\/a><\/p>\n

The first phase of the Squamish Nation’s Sen\u00e1kw project will add roughly 1,400 rental units, but whether they can fill them is another question.Alison Boulier\/The Globe and Mail<\/p>\n

For the last few years, I\u2019ve been watching three massive towers appear at the mouth of Vancouver\u2019s False Creek on my morning commute and during walks around the seawall. Sen\u00e1kw, owned by the Squamish Nation<\/a> and built on a parcel of reserve land, has been touted as a key to economic prosperity for the Nation that will create much-needed housing and help bring rents further down. But now that the first phase of roughly 1,400 units is almost complete<\/a>, whether people will want to live there is another story.<\/p>\n

Salmaan Farooqui has followed the project, which drew some blowback for its size and scale in the heart of Kitsilano, from afar for years, and got the chance to visit in March. \u201cWhen I arrived in Vancouver to report on this, I immediately noticed that the buildings really do stand out, with their bright orange trigons and the sheer height of the towers,\u201d he told me. \u201cThe developers believe they have something special with the location and the amenities offered in the building,\u201d Salmaan said.<\/p>\n

However, the new units may not be exactly what some renters are looking for. They\u2019re mostly relatively small bachelors and one-bedrooms, units that have seen some of the largest drops in prices and demand in recent years. And Sen\u00e1kw\u2019s starting rents ($2,275 for a one-bedroom and $3,505 for a two-bed) are close to or slight above the city\u2019s average market prices. Beyond whether the injection of supply will indeed lower rents, Salmaan thinks \u201cthe bigger question is whether Sen\u00e1kw will be able to fill all these units right away.\u201d You can read the full story here<\/a>, and for now, I\u2019ll keep looking up at the towers to see how many lights come on.<\/p>\n

Design cornerAnalog is back \u2013 and it\u2019s by designOpen this photo in gallery:<\/a><\/p>\n

This reading nook was converted from a TV alcove, part of a growing trend towards reducing technology in our homes.COLIN PERRY\/Supplied<\/p>\n

When I was a child, the 1999 Disney film Smart House warned of the harm a fully-automated home could bring, a comical and seemingly far-fetched premise at the time. But now that technology has infiltrated nearly every aspect of our lives, more people are trying to make their homes into analog retreats<\/a> from the world\u2019s digital overwhelm \u2013 and it\u2019s hard to deny the appeal.<\/p>\n

Instead of smart-home systems and voice-controlled everything, there has been a shift towards spaces designed for quiet contemplation and connection with nature. And it doesn\u2019t require a lot of room or even a big budget: reading nooks that catch the morning light, craft rooms and computer-free writing desks are popular, but curtains to absorb sound and diffuse light can also do the trick. From rugs to reduce echo and separating charging stations from sleeping areas, here\u2019s how designers say you can create a home that helps you unplug<\/a>.<\/p>\n

Home of the WeekA sleek, kid-friendly home for maximalists at heartOpen this photo in gallery:<\/a><\/p>\n

The main floor is filled with pops of red and a cold-rolled steel wall that became a magnetic place for three boys to play.Tenzin Chosang\/Tenzin Chosang\/ Tenzi Films<\/p>\n

134 Geoffrey St., Toronto \u2013 Full gallery here<\/a><\/p>\n

You don\u2019t have to sacrifice high-design when you have a family, and this two-storey in Toronto\u2019s Roncesvalles neighbourhood<\/a> proves it. Designer Tracey-Jane Beckley and her husband used industrial materials and clean lines to create an eclectic \u2013 not sterile \u2013 space that can withstand all the wear-and-tear of their boys. \u201cWe are maximalists,\u201d said Beckley. \u201cHaving three kids, you\u2019re not a minimalist. We needed places to put knick-knacks, toys, art. We\u2019re very into \u2018stuff.\u2019\u201d<\/p>\n

Despite the high-contrast appearance, creative built-in storage and whimsical details make the sleek home welcoming. Floor-to-ceiling windows illuminate the main floor of the three-bedroom, two-bath, where pops of red \u2013 including lights built from repurposed fire extinguishers \u2013 delight in the kitchen and living area. The seemingly mundane storage pegs in the entry hall is actually the pattern of viruses from the classic video game Dr. Mario, and a wall of cold-rolled steel panels running into the basement is a magnetic place where the boys loved to play or create their own art galleries. Beckley\u2019s favourite room? The downstairs bathroom, where a taupe-pink tile band adds flair to the space that was hers alone.<\/p>\n

\n What do you think is the asking price for the property?\n <\/p>\n

a. $1,688,000<\/p>\n

b. $1,898,000<\/p>\n

c. $2,088,000<\/p>\n

d. $2,388,000<\/p>\n

\n b. The asking price is $1,898,000.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The home of the week is an industrial but welcoming family home in…\n","protected":false},"author":2,"featured_media":75941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3128,902,903,904,1637,484,16124,48,137,906],"class_list":["post-75940","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-ac-community","tag-aud-growth","tag-aud-headline","tag-aud-url","tag-newnewsletter","tag-noastack","tag-realestate-roundup","tag-toronto","tag-yesapplenews","tag-yessnap"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/75940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=75940"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/75940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/75941"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=75940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=75940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=75940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}