Category: ontario
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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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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)…
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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…
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Dreamy Waterfront Townhome for Sale in Lagoon City – The Venice of Ontario
Live the Waterfront Lifestyle for Under $500K If you’ve been dreaming of a serene, turn-key waterfront retreat without the million-dollar price tag, this stunning townhome in Lagoon City might just be the one. Listed at $474,900, this 3-storey gem is nestled in the heart of Brechin, Ontario – a hidden gem known as the “Venice…
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GTA Condo Prices Expected to Drop Another 10% in 2025, Says TD Economics
Condo prices in the Greater Toronto Area (GTA) are poised for another year of decline, according to a new report from TD Economics. The report, authored by economist Rishi Sondhi, forecasts that resale condo prices in the GTA will fall by an additional 10% in 2025, marking a continued correction from their peak in Q3…
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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…
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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…
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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…
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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…
Canada Housing Market 