Tag: economy
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Canadians Just Pushed HELOC Debt to $179B – Highest Since 2019
Canadians may not be buying as much real estate right now, but they are borrowing against the homes they already own. New Statistics Canada credit data shows home equity line of credit (HELOC) balances rose again in October 2025, pushing total outstanding HELOC debt to roughly $179.5 billion – the highest level since 2019. The…
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The 2026 Inflation Reality: Food Prices Are Rising Again – What That Means for Housing Affordability
Inflation may be cooling on paper, but for many Canadians, the cost of living is rising again where it hurts most – food, rent, and housing costs. As Canada heads into 2026, new forecasts show food prices increasing once again, adding pressure to households already stretched by high rents and elevated mortgage payments. While inflation…
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Canadian Families Expected to Pay $1,000 More for Groceries in 2026, New Report Warns
Canadian households should brace for another year of rising food costs, with the latest Canada’s Food Price Reportforecasting that grocery bills will climb again in 2026. The annual report – released by Dalhousie University alongside researchers from universities nationwide – estimates that the average family of four will spend an additional $1,000 next year just to buy the…
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Canadian Home Sales Rise Again in October as Market Momentum Builds: CREA November 2025 Report
Canadian home sales edged up again in October 2025, marking six increases in the past seven months. Here’s what the latest CREA housing market report reveals about sales, prices, inventory, and what buyers and sellers can expect heading into 2026.
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Calgary’s Living Wage Rises to $26.50 an Hour as Cost of Living Surges
Calgary’s living wage has officially increased to $26.50 per hour, according to the latest Living Wage Alberta report for 2024/2025. The new rate reflects the rising cost of daily essentials across the city, including transportation, child-care, groceries, and housing. The updated estimate is now more than $10 higher than Alberta’s minimum wage, underscoring growing affordability pressures for workers and families…
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Calgary’s Living Wage Jumps To $26.50 Per Hour, Report Shows
Calgary may still be considered one of Canada’s more “affordable” major cities, but new data shows the cost of living is rising quickly. According to a recent update from the City of Calgary Living Wage Network (via UrbaCalgary), residents now need to earn at least $26.50 per hour to maintain a basic, reasonable standard of living in the city.…
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Lethbridge Home Prices Jump Nearly 15 Percent In One Year – September 2025 Update
Lethbridge’s average final sale price hit $437,313 in September 2025, up 14.7 percent year over year. See the breakdown by property type, inventory and months of supply, plus how the city compares across Alberta. Source: Alberta Real Estate Association monthly statistics for Lethbridge, September 2025. Alberta Realtor By Property Type Row homes and apartments posted…
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Canadian Insolvencies Hit Highest June Since 2010 as Bankruptcies Surge
Canada’s debt crisis is intensifying as consumer insolvencies reached their highest June total in 15 years, according to new data from the Office of the Superintendent of Bankruptcy (OSB). The 11,464 filings in June 2025 mark a 3.3% increase from last year and highlight a growing shift toward more severe forms of debt relief. What’s…
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Canada’s Long-Term Unemployment Hits Highest Level in 27 Years as Labour Force Shrinks
Canada’s job market is showing signs of deeper trouble despite strong hiring earlier in the summer. New data from Statistics Canada reveals the country lost 41,000 jobs in July 2025, wiping out much of June’s gains. Even more concerning, the long-term unemployment rate has climbed to its highest level since 1998, while youth unemployment is…
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Young Albertans Under the Most Pressure in Canada to Buy Homes, Says Wahi
Young Canadians are feeling the heat when it comes to homeownership, and according to a new 2025 survey, Albertans are feeling it the most. A July 24th news release from digital real estate platform Wahi, in partnership with the Angus Reid Forum, revealed that 41% of Albertans feel pressure to buy a home, the highest…
Canada Housing Market 