Category: alberta
-
Canadians Falling Behind on Mortgages and Loans, Says Equifax
A recent Equifax Canada report reveals a significant increase in mortgage and loan delinquencies across Ontario, highlighting growing financial strain among homeowners. In the first quarter of 2025, Ontario’s 90+ day mortgage delinquency rate rose to 0.24%, marking a 71.5% increase compared to the same period in 2024. This surge is attributed to homeowners facing…
-
Up to $50K in Savings: New GST Rebate for First-Time Canadian Home Buyers (2025)
If you’re a first-time home buyer in Canada, you may be eligible for a major new rebate that could save you up to $50,000 on your new home. On May 27, 2025, the federal government introduced the First-Time Home Buyers’ GST Rebate (FTHB GST Rebate)—a game-changing measure designed to make homeownership more affordable and accessible…
-
Inside the Airbnb Crackdowns: How New Rules Are Reshaping Canadian Housing
From Vancouver to Toronto, strict short-term rental laws are changing how Canadians buy, rent, and invest in real estate. If you’ve ever dreamed of turning a spare unit into passive income, you may want to check your local bylaws. In 2025, cities across Canada have implemented major crackdowns on Airbnb and other short-term rental (STR)…
-
85% of Canadians Now Living Paycheque to Paycheque, Says H&R Block Survey
Rising costs of living put increasing pressure on household finances across Canada A new survey from H&R Block Canada reveals a sobering financial reality for many Canadians: 85% of respondents say they are living paycheque to paycheque in 2025, a steep increase from 60% reported in a similar study conducted in 2024. The findings underscore…
-
Canadian Household Debt Surpasses $3 Trillion, Fueled by Mortgage Growth
Debt is rising twice as fast as in 2019 – with mortgages driving the surge Canadian households have officially crossed a new milestone: total credit market debt exceeded $3 trillion for the first time in the fourth quarter of 2024, according to Statistics Canada. Despite high interest rates and weak home sales, borrowing remains strong…
-
Former Calgary Real Estate Agent Charged in $1.9M Investment Fraud Scheme
At least 16 victims allegedly misled by high-interest real estate loan scam A former Calgary real estate agent is facing serious fraud charges after allegedly scamming 16 investors out of nearly $2 million through a series of short-term, high-interest “real estate investments.” According to a Calgary Police Service news release issued May 8, 2025, the…
-
How Canada’s Latest Inflation Report Is Changing Rate Cut Expectations
Expectations for a June interest rate cut by the Bank of Canada have cooled significantly following the release of April inflation data. While headline inflation fell to 1.7%, the Bank’s preferred core inflation measures rose above 3%, challenging the case for an immediate policy move. Just one week ago, markets placed the odds of a…
-
Canadian Housing Affordability: Which Cities Are Still Under $500K in 2025?
With rising interest rates and home prices creeping up in certain markets, many Canadians are asking:“Is it still possible to buy a home under $500,000 in 2025?” The answer is yes. While prices in Vancouver and Toronto continue to push past the million-dollar mark, other cities across the country still offer affordable homeownership options—especially for…
-
How Much Income You Need to Buy a Home in Canada in 2025
Thinking about buying a home in Canada? You’ll need to make more than you might think. With higher interest rates and new stress test rules, the income needed to qualify for a mortgage in Canada has shifted dramatically. Recent updates from Nesto.ca break down exactly what you need to know, from how much you need…
-
The New First-Time Buyer Incentives in Canada in 2025 (And What They Really Mean)
🚨 Big News for First-Time Home Buyers in 2025 Buying your first home in Canada just got a little easier. In 2025, the federal and some provincial governments are rolling out new and improved incentives to help first-time buyers overcome today’s biggest challenges: saving for a down payment, affording monthly mortgage payments, and competing in…
Canada Housing Market 