Tag: economy
-
Calgaryâs Living Wage Rises to $26.50 an Hour as Cost of Living Surges
Calgaryâs 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 Albertaâs minimum wage, underscoring growing affordability pressures for workers and families…
-
Calgaryâs Living Wage Jumps To $26.50 Per Hour, Report Shows
Calgary may still be considered one of Canadaâs more âaffordableâ 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.…
-
Lethbridge Home Prices Jump Nearly 15 Percent In One Year – September 2025 Update
Lethbridgeâs 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…
-
Canadian Insolvencies Hit Highest June Since 2010 as Bankruptcies Surge
Canadaâs 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. Whatâs…
-
Canadaâs Long-Term Unemployment Hits Highest Level in 27 Years as Labour Force Shrinks
Canadaâs 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 Juneâs gains. Even more concerning, the long-term unemployment rate has climbed to its highest level since 1998, while youth unemployment is…
-
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…
-
Bank of Canada Holds Interest Rate at 2.75% Amid Global Trade Uncertainty (July 2025 Update)
The Bank of Canada has announced it is holding its key policy interest rate steady at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. This decision comes in response to persistent global trade tensions, rising cost pressures, and slower economic growth both in Canada and abroad. đ Why Is the…
-
GTHAâs âInvisible Poorâ: Middle-Income Households Squeezed by Housing Crisis
A new report by CivicAction warns that middle-income households in the Greater Toronto and Hamilton Area (GTHA), including essential workers like nurses, teachers, and personal care workers, are being financially squeezed out of the region due to unsustainable housing costs. Who Are the âInvisible Poorâ? The term âinvisible poorâ refers to middle-income earners making between…
-
Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
-
Alberta Is Now the Only Province That Hasn’t Raised Its Minimum Wage This Decade
Alberta hasnât increased its minimum wage since 2018, making it the only province in Canada that hasnât made at least one adjustment in the 2020s. In fact, if youâre under 18, wages actually went down. The province introduced a youth minimum wage of $13/hour in 2019 for students working 28 hours a week or less.…
Canada Housing Market 