Tag: affordable housing
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This Alberta City Was Just Named Canada’s Most Affordable Place To Buy A Home
As housing affordability continues to challenge buyers in Canada’s largest cities, one Alberta community has claimed the title of the country’s most affordable place to purchase a home. A new report from Royal LePage ranked Lethbridge, Alberta, as Canada’s most affordable city for homeownership based on the percentage of household income required to cover mortgage…
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Canada’s Plan To Buy Unsold Condos Is Sparking Debate Over A Potential Developer Bailout
The federal government’s plan to purchase thousands of unsold condominiums in British Columbia is generating both support and criticism as Canada’s housing slowdown continues. Prime Minister Mark Carney recently announced a partnership with the Government of British Columbia to convert more than 2,200 vacant condominium units into affordable housing. Supporters say the plan could quickly…
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CMHC Says Development Charges Can Add Over $100K to New Homes
New homes in Canada are expensive for many reasons, from land costs and labour shortages to financing, materials, and taxes. But one cost is getting more attention from housing experts: development charges. According to Canada Mortgage and Housing Corporation, development charges can add $40,000 to more than $100,000 to the cost of a new home…
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Building More Social Housing in the Toronto Area Could Give the Economy a $50B Boost, Report Says
Building more social housing in the Greater Toronto and Hamilton Area could create major economic benefits while helping address one of the region’s biggest affordability challenges. According to a new report covered by the Toronto Star and TorontoToday, constructing roughly 22,000 new social housing units in the GTHA by 2050 could add nearly $50 billion…
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Desjardins Says Some Canadian Cities Have Become “Impossibly Unaffordable”
A new housing affordability warning from Desjardins is drawing attention across Canada after the bank suggested some major cities have entered what it calls “impossibly unaffordable” territory. According to the report, homeownership in cities like Vancouver and Toronto is increasingly moving out of reach for average households as housing costs continue to far outpace incomes.…
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Canadians Are Now Spending Over 60% of Their Income on Housing in Some Cities
Housing affordability in Canada is reaching new extremes, and in some cities, it’s no longer just a stretch, it’s becoming unsustainable. New data suggests that in major urban centres, many households are now spending more than 60% of their income on housing costs, far above what experts consider affordable. What “Affordable Housing” Is Supposed to…
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Canada Needs 3.5 Million Homes – Why Backyard Suites May Be the Fastest Housing Solution
As Canada’s housing affordability crisis continues to strain households, urban planners and policymakers are increasingly turning their attention to one overlooked solution – secondary suites. Basement apartments, garden suites, and laneway homes could add thousands of new housing units across Canadian cities without requiring large-scale new developments or major infrastructure expansion. Housing experts say these…
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Cheapest Cities to Live in British Columbia in 2026
British Columbia is one of Canada’s most desirable places to live, from ocean views to mountain towns, but it’s also one of the most expensive. In late 2025, the average home price in BC was approximately $965,914, significantly above the national average and among the highest in Canada. However, not all parts of the province…
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What You Can Buy In Toronto At Different Budgets Right Now
Whether you are a first-time buyer or moving up the property ladder, here is a breakdown of what different budgets currently buy across the city as of February 15, 2026. This guide covers condos, townhomes, and detached homes so you can see how far your budget goes in today’s market. Click on the links to…
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Canadian Building Investment Hits Record – But Homeownership Isn’t Growing
January 25, 2026 Canadian building investment just surged to an all-time high, but a closer look at the data suggests the apparent construction boom is being driven by a very narrow segment of the market. New figures from Statistics Canada show investment is overwhelmingly concentrated in corporate-owned rental developments, particularly in Ontario, raising questions about…
Canada Housing Market 