Tag: Canada affordability crisis
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Canadian Homeowners Have Lost Nearly 20% of Home Value Since 2022 Peak
Canada’s housing market downturn has now erased a significant portion of the gains seen during the pandemic-era housing boom. According to recent housing market analysis and benchmark price data, many Canadian homeowners have seen home values fall nearly 20% from peak levels reached in early 2022 as higher interest rates and weaker buyer demand continue…
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A $50K Salary In 1980 Could Be Equivalent To Roughly $250K Today
A growing conversation around affordability and generational wealth is gaining attention online after comparisons showed how far a middle-class salary once stretched compared to today. According to inflation calculators and historical economic data, a $50,000 salary in 1980 could be roughly equivalent to earning around $250,000 annually today depending on the inflation measure used. The…
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Canada Has Fallen From 2nd To 19th In Global “Best Countries” Ranking Since 2016
Canada has dropped to 19th place in the latest global “Best Countries” rankings published by U.S. News & World Report – a major decline from its 2nd place ranking in 2016. The rankings evaluate countries across a wide range of categories, including: Canada received an overall score of 69.5 out of 100 in the latest…
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Canada’s Federal Debt Could Reach $2.9 Trillion by 2030
Canada’s federal debt is projected to reach nearly $2.9 trillion by 2030, according to a new analysis highlighted by the Fraser Institute following the federal government’s latest fiscal update. The projection comes as the federal government forecasts another large deficit this year, with additional deficits expected over the coming years. Canada Is Projecting Another Major…
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4.5 Million Canadians Are Now Living Below The Poverty Line
Canada’s cost-of-living crisis is still showing up in the data. New Statistics Canada numbers show that 11.0% of Canadians lived below the poverty line in 2024, representing approximately 4.5 million people. That is almost unchanged from 2023, when the poverty rate was 11.1%. The data suggests that while inflation has cooled from its peak, many…
Canada Housing Market 