Category: ontario
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The Average Toronto Household Now Spend 71% of Their Income on Housing – Up from 50% a Decade Ago
Toronto’s housing market has reached a critical point, with the average household now allocating approximately 71% of its pre-tax income to cover housing costs, including mortgage payments, property taxes, and utilities. This marks a significant increase from a decade ago, when households spent around 50% of their income on housing . The Escalating Cost of…
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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…
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New Data Shows Ontario’s First-Time Homebuyers Are Now 40 Years Old
If you’re thinking it’s taking longer to break into the Ontario housing market, you’re not alone- and the stats back it up. The median age of first-time homebuyers in Ontario has jumped from 36 to 40 over the past decade, according to a recent Teranet report, a clear sign of how affordability struggles are reshaping…
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Own a Piece of Ontario History: Clonmel Castle in Port Dover Hits the Market for $3.9M with Development Approvals in Place
Step into a rare investment opportunity unlike anything else in Southern Ontario. Nestled on nearly 3 acres of manicured grounds, the historic Clonmel Castle is now on the market for $3.9 million—offering development approval for 12 luxury condo units in one of Ontario’s most charming lakeside towns, Port Dover. Originally built in 1929, this 10,000+…
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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…
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Landlords Offering Free Rent and Other Incentives to Attract Tenants in Canada’s Evolving Rental Market
As Canada’s rental market undergoes significant changes, landlords are increasingly offering incentives such as free rent, complimentary Wi-Fi, and other perks to attract tenants. This trend is particularly evident in major urban centers like Toronto, where competition among property owners has intensified due to rising vacancy rates and an influx of new rental units. The…
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First-Time Home Buyer in Canada? 2025 Programs, Grants, and Loopholes You Need to Know
Entering the Canadian housing market as a first-time home buyer in 2025 presents both opportunities and challenges. With various programs, grants, and tax incentives available, understanding these options can significantly ease the financial burden of purchasing your first home. Below is a comprehensive guide to the key initiatives you should be aware of. 1. Home…
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Canada’s Rental Prices Drop: March 2025 Rent Report & Trends
Canada’s Rental Market Sees Fifth Consecutive Monthly Decline The March 2025 Rentals.ca Rent Report reveals a continued decline in average asking rents across Canada. In February, rents dropped 4.8% year-over-year, bringing the average rent down to $2,088, the lowest since July 2023. This trend reflects a major shift from February 2024, when rents had surged…
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New HST Rule Could Mean Huge Taxes for Canadian Airbnb Hosts When Selling Their Homes
If you’re renting out your home on Airbnb or similar platforms, you might face a major tax bill when you decide to sell. A recent ruling from the Tax Court of Canada says that homeowners who frequently rent their properties for short-term stays will be hit with a 13% HST when they sell. This could…
Canada Housing Market 