Category: Uncategorized
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Ontario Listings of the Week- Friday, July 19, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from stylish Toronto condos to mind blowing mansions with their own aiplane runway and tennis court. Whether you’re searching for your dream home or just love keeping up with real estate trends, our Top Listings of…
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Ontario Dominates New Ranking of Best Places to Live in Canada
Ontario continues to be a desirable place to live, as evidenced by a recent ranking where the province had seven locations featured among the top places to live in Canada. Despite some common complaints from residents, Ontario’s charm and livability have been recognized on a national level. Real estate listing site Zolo evaluated various factors…
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How Much Income You Need to Own a Home in Canada: June 2024 Update
A slight dip in interest rates in June improved home buying conditions for some Canadians, with affordability increasing in nearly half of the nation’s major markets. The latest Ratehub.ca affordability report, based on real estate data from May and June 2024, found that the required income to purchase a house lowered in six of the…
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Ontario Listings of the Week
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from stylish urban condos in Toronto to cozy countryside retreats. Whether you’re searching for your dream home or just love keeping up with real estate trends, our Top Listings of the Week is your go-to source.…
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Toronto rental prices have reached the lowest in almost 2 years.
If you’re looking to rent in Toronto, there’s some good news amid the rising cost of living. The average rental prices in the city have slid to a 22-month low as of June, according to recent data from Urbanation and Rentals.ca. This trend offers a glimmer of hope for prospective renters in Canada’s largest and…
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Canada now has one of the highest household debt levels in the world
Interest Payments Now Consume Nearly 20% of Income for Some Canadians Canada ranks third globally for household debt among advanced economies, trailing only Switzerland and Australia. This high debt burden impacts Canadians unevenly, with lower-income households bearing the brunt. Impact of Rising Interest Rates A recent study by Fédération des caisses Desjardins du Québec reveals…
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Major Developers Join Toronto’s ‘Housing Now’ Initiative to Tackle Housing Crisis
The City of Toronto’s dedicated housing agency, CreateTO, recently provided an update on the ‘Housing Now’ initiative, revealing significant involvement from some of the city’s biggest developers. This collaboration aims to address the city’s housing shortage and affordability crisis. Notable developers like KingSett Capital, Greenwin, Tridel, Kilmer-Tricon, Ellis Don, and Windmill are key players in…
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You need to earn $215k/year to afford an average home in Toronto right now
Toronto’s real estate market remains notoriously expensive, with affordability continuing to decline despite a surplus of homes on the market. A recent report by Ratehub.ca highlights the staggering income required to comfortably afford an average home in Toronto. As of May 2024, buyers need to earn an annual salary of $215,920 to cover the costs…
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1 in 5 Toronto Renters Spend Over Half Their Income on Rent, According to a New Report
Toronto’s housing market crisis is not limited to soaring home values that price residents out of ownership; renting is also becoming increasingly unaffordable. A recent report by Royal LePage reveals that nearly one in five Toronto renters now spend more than half of their monthly income on rent, highlighting the severity of the city’s affordability…
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1 in 4 Canadians may be living in poverty according to a recent report from Food Banks Canda.
A recent report from Food Banks Canada reveals that poverty in Canada may be more extensive than previously thought. The organization estimates that 25% of Canadians could fall under this category due to their inability to afford two or more essential household items. This revelation significantly exceeds the four million people reported by Statistics Canada…
Canada Housing Market 