Category: ontario
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Canadians Are Spending Less Time With Friends – Especially Working Adults, Says StatCan
A new report from Statistics Canada reveals a concerning trend in Canadian social life: face-to-face friendships are declining, particularly among working-age adults. In 2022, only 19.3% of Canadians reported seeing friends on an average day, compared to 47.9% in 1986. The most dramatic drop occurred among those aged 25 to 64, whose likelihood of seeing a friend fell from 42% to just 14% over…
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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…
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Toronto Reaches Highest Temperature in Nearly a Decade
Toronto shattered a nearly 10-year temperature record today as a dangerous heat wave continues to grip the city. According to Environment Canada, temperatures soared to 36°C at 4 p.m., the hottest Toronto has been since July 13, 2016. This extreme heat has already triggered warnings, power outages, school closures, and disrupted transit – impacting residents…
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One-Third of Canadian Renters Say They Don’t Plan to Buy a Home
As affordability trends begin to shift slightly in Canada’s housing market, a significant number of renters remain hesitant, or straight up uninterested, in making the leap to homeownership. According to Royal LePage’s 2025 Canadian Renters Report, approximately one-third of renters across the country have no plans to purchase a home. While falling rents and softer…
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Canada Needs to Double Home Construction to Restore Affordability by 2035, Says CMHC
CMHC: 4.8 Million New Homes Needed to Close Canada’s Affordability Gap In a newly released report, the Canada Mortgage and Housing Corporation (CMHC) says that Canada must double its current pace of housing construction to restore affordability levels last seen in 2019. That means building between 430,000 and 480,000 homes per year– both in the…
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Toronto Now One of the Least Affordable Housing Markets in the World, Report Finds
Toronto has been ranked among the least affordable cities globally in the latest Global Cities Index by Oxford Economics. Experts say that without bold, immediate policy reform, the housing crisis will continue to push families and first-time buyers out of the market. Toronto Residents Spend More on Housing Than Almost Anywhere According to the 2025…
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Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
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Toronto Moves Forward on Citywide Upzoning for Sixplexes
Toronto is one step closer to legalizing sixplexes in residential neighbourhoods, after the city’s Planning and Housing Committee voted in favour of expanding multiplex permissions to allow five- and six-unit dwellings across low-rise areas. If adopted by full council later this month, this change would allow detached houses across the city to be redeveloped or…
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Canadians Now Owe $1.85 for Every $1 They Earn
Feeling like your paycheck disappears the second it hits your account? You’re not alone. According to new data from Statistics Canada, Canadians now owe $1.85 in debt for every $1 of disposable income. That number reflects how fast household debt is rising across the country compared to how slowly incomes are growing. Debt Growth Is…
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GTA Active Listings Reach 31,000 in May- Highest in Nearly 25 Years
The Greater Toronto Area (GTA) just hit a historic real estate milestone. In May 2025, active listings reached 30,964, the highest end-of-month count recorded since at least August 2002, according to the Toronto Regional Real Estate Board (TRREB). This 25-year high signals a major shift in the region’s housing landscape—one that heavily favors buyers. 📊…
Canada Housing Market 