Tag: canada
-
Canada to put a cap on temporary residents for the first time
In a significant policy shift, Prime Minister Justin Trudeau’s administration is set to introduce caps on temporary residents entering Canada for the first time this fall, aiming to address the country’s housing crisis and mitigate inflation. Presently, temporary residents, including students, asylum seekers, and temporary workers, comprise approximately 2.5 million individuals or about 6.2% of…
-
You need to make $214k/ year to afford an average home in Toronto according to a new study
Achieving home ownership remains a significant milestone for many individuals, yet the reality of purchasing a home in Canada is becoming increasingly difficult due to rising prices, particularly in metropolitan areas such as Toronto. A study by Ratehub.ca offers insights into the required income for home ownership in various Canadian cities as of February 2024,…
-
Canada slips to 15th place in the World Annual Happiness Report, with Canadians under 30 “very unhappy”
In the latest release from the 2024 World Happiness Report, Canada finds itself at the 15th position globally, revealing a subtle, yet significant shift in the nation’s overall happiness quotient. Despite Canada’s reputation for high quality of life and general contentment among its population, a deeper dive into the data uncovers a disturbing trend among…
-
Canadian leaders are under fire for calling $1700/month 330sqft micro apartments “affordable housing”
Deputy Prime Minister Chrystia Freeland is facing criticism on social media for her recent comments promoting a new apartment complex in British Columbia as an affordable housing solution for low to middle-income earners in Canada. Freeland highlighted the Hudson House apartment building, which offers 227 units funded through the government’s Apartment Construction Loan program, in…
-
Toronto is now the 2nd most expensive city to rent in Canada
Toronto has recently risen to become the second most expensive city for renters in Canada, trailing only behind Vancouver. Despite slight decreases in the average rental prices for one- and two-bedroom apartments in Toronto compared to the previous month and year, the city has managed to surpass Burnaby, B.C., in terms of rental costs, amidst…
-
Here’s what you can get for under $600/month rent in Toronto
Online discussions, especially on Reddit, have spotlighted unique rental listings in Toronto and Ontario, such as shared rooms and beds in kitchens. These listings underscore the tough realities of the current housing market, reflecting the pressing issues many face in finding affordable living spaces in the region. Here are 6 recent listings in Toronto $600…
-
Toronto Surpasses Housing Goals and Secures $114 Million Boost from Ontario
In a significant achievement for housing development, Toronto has exceeded its 2023 housing targets, earning a commendable $114 million from Ontario’s Building Faster Fund, announced by Premier Doug Ford on February 22. The city not only met but surpassed its goal by initiating 31,656 new constructions last year, a remarkable 51% above the target of…
-
Bank of Canada to slash interest rates in half by end of 2025, predicts Desjardins
In a move anticipated to bring significant financial relief to Canadians, the Bank of Canada is gearing up to initiate a series of interest rate reductions starting this spring. According to Desjardins Group, this strategic adjustment aims to alleviate the economic strain experienced by many, marking a shift towards more accommodating monetary policy. Desjardins Group’s…
-
10 fun FREE things to do in Toronto this winter
Looking for something fun to do in Toronto that won’t break the wallet? Despite Toronto’s reputation for being one of the most expensive cities in Canada, especially when it comes to finding a place to live, there’s still plenty of fun to be had that won’t strain your finances. In this guide, we’ve put together…
-
Here’s What $1M Homes Look Like Across Canada
Although $1 million may fall below the average home price in major Canadian real estate markets such as Toronto and Vancouver, this budget can offer an exceptional range of properties in many other cities across the country. From coast to coast, a $1 million budget can provide access to a diverse selection of properties, such…
Canada Housing Market 