Category: East Coast
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Markets Are Watching March 2027 for Canada’s Next Rate Hike
Canada’s interest rate outlook may be shifting again, and that could matter for buyers, sellers, and anyone watching mortgage rates. According to a May 12, 2026 report from The Wall Street Journal, financial-market participants are now eyeing March 2027 as a possible timing for the next Bank of Canada rate increase, based on the central…
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RBC Says Canada’s Spring Housing Market Still Hasn’t Taken Off
Canada’s spring housing market is still struggling to build momentum, according to a new update from RBC Economics. While spring is usually one of the busiest seasons for real estate, RBC says the market has not seen a clear demand boost yet. Instead, buyers and sellers remain cautious, and conditions continue to vary widely across…
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Canadian Home Prices Could Stay Near $700K for Years
Canada’s housing market may not be heading for a major crash or a major rebound anytime soon. According to the Canadian Real Estate Association (CREA), the national average home price is forecast to stay close to the $700,000 range through 2027, suggesting the market could remain largely stagnant for years. Home Prices Expected to Rise…
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Nearly 1 in 6 Canadian Millennials Still Live With Their Parents
Canada’s housing affordability crisis is creating a major generational divide, with new data showing Millennials are far more likely to live with their parents than previous generations were at the same age. According to Statistics Canada data highlighted by Better Dwelling, 16.3% of Canadian Millennials aged 25 to 39 lived with their parents in 2021,…
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Toronto Home Sales Just Saw Their Biggest Jump in 9 Months
Toronto’s housing market may be showing early signs of renewed activity, with new data showing GTA home sales posted their strongest increase in months. According to the Toronto Regional Real Estate Board (TRREB), 5,946 homes sold across the GTA in April 2026, marking a 7% increase compared to April 2025. Reuters reported that this was…
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A $110K Salary May No Longer Be Enough To Buy A Home In Toronto
A six-figure salary used to feel like a major financial milestone. But in some of Canada’s biggest housing markets, even earning around $110,000 a year may no longer be enough to comfortably buy a home. That is especially true in places like Toronto and Vancouver, where home prices remain high, mortgage qualification rules are strict,…
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Canada’s Aging Population Could Create a Major Housing Shift by 2030
Canada’s housing market may be heading for a major demographic shift. As the country’s population ages, more homes could eventually move through the market because of downsizing, inheritance, estate sales, or seniors transitioning into different types of housing. But the shift may not happen quickly. According to CMHC, many older Canadians are staying in their…
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4.5 Million Canadians Are Now Living Below The Poverty Line
Canada’s cost-of-living crisis is still showing up in the data. New Statistics Canada numbers show that 11.0% of Canadians lived below the poverty line in 2024, representing approximately 4.5 million people. That is almost unchanged from 2023, when the poverty rate was 11.1%. The data suggests that while inflation has cooled from its peak, many…
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Building Homes in Canada Is Still Getting More Expensive
The cost of building homes in Canada continues to rise, adding pressure to an already strained housing market. New data shows that residential construction costs are still increasing, creating further challenges for developers and limiting the pace of new housing supply. Construction Costs Continue to Rise Recent data from Statistics Canada shows that residential construction…
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Canada Announces $2B Plan to Tackle Housing Shortage
The federal government has announced a new set of housing measures aimed at tackling Canada’s ongoing affordability crisis and increasing housing supply. The latest policy updates focus on making it easier to build multi-unit housing while addressing key bottlenecks in the construction sector. New Focus on Multi-Unit Housing The government is introducing measures to support…
Canada Housing Market 