Category: East Coast
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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…
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Canada’s Housing Market Is Now Hurting the Economy
Canada’s housing market is no longer just a real estate story, it is now having a measurable impact on the broader economy. New data suggests that falling home values and slower housing activity are beginning to weigh on consumer spending and economic growth across the country. Home Prices Remain Below Peak Levels Despite some recent…
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Bank of Canada Warns Consecutive Rate Hikes Could Return if Oil Prices Stay High
Canada’s interest rate outlook may not be as stable as it seemed just days ago. While the Bank of Canada held its benchmark rate at 2.25%, Governor Tiff Macklem is now warning that rate hikes could return if oil prices continue to surge. Rates Held – But Risks Are Rising The central bank has now held rates steady for the fourth…
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Bank of Canada Expected to Hold Rates at 2.25% on April 29, 2026
Canada’s interest rate outlook is coming into sharper focus, with economists expecting the Bank of Canada to hold its key policy rate steady. With inflation still within target and economic uncertainty lingering, the central bank is showing little urgency to either cut or raise rates in the near term. Rates Expected to Hold Around Current…
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Demand Isn’t the Problem – Here’s What’s Blocking Canada’s Housing Market
Canada’s housing market continues to face affordability challenges, but new data suggests the issue may not be a lack of demand. Instead, a growing imbalance between buyers and available housing is emerging, with many Canadians still planning to enter the market despite ongoing constraints. Buyer Demand Remains Strong Recent data shows that 23% of young…
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Real Brokerage to Acquire RE/MAX in $550M Deal
A major shakeup in the real estate industry is underway, with Real Brokerage announcing plans to acquire RE/MAX in a deal valued at $550 million. Including debt, the total transaction value is estimated at approximately $880 million, marking one of the most significant brokerage mergers in recent years. Deal Structure and Ownership Breakdown Under the…
Canada Housing Market 