Tag: finance
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Rentals.ca Just Dropped Their December 2025 Rent Report – Here’s What You Need To Know
Rentals.ca and Urbanation have released their December 2025 national rent report, and the numbers point to a cooling rental market across much of Canada. From declining average rents to shifting demand and big differences across provinces, here’s a breakdown of the key trends renters and investors should be watching. National Overview Rents Fall to Lowest…
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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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How Much Do You Need to Earn to Afford a Home in Toronto vs Halifax vs Calgary?
The question of housing affordability is on every Canadian’s mind. Whether you’re considering a move across the country or wondering how your city stacks up, income requirements vary drastically depending on the housing market. Let’s break down how much you’d need to earn to afford an average home in Toronto, Halifax, and Calgary. Toronto: Canada’s…
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Canadians Would Pay 75% More Interest With 40-Year Mortgages, Says PBO
Canada is once again debating longer mortgage amortizations as a way to fix housing affordability. But a new analysis from the Parliamentary Budget Officer (PBO) warns the idea may create more problems than it solves. While a 40-year mortgage lowers monthly payments, borrowers end up paying 75% more interest over the life of the loan. The report…
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Vancouver’s First-Time Homebuyer Age Has Exploded to 46 in 2025
New data shows first-time buyers in Vancouver are no longer in their 20s or early 30s, most are getting keys in their mid-40s. First-Time Buyer Ages: The New Reality According to a 2025 global affordability study by Bloom Holding, first-time homebuyers in Vancouver, BC now typically buy their first home around age 46, far older…
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Ontario Condos Are One-Third Smaller Than They Used To Be – But Cost Way More
Ontario condos have gone through a major transformation over the past four decades, and not in a way most buyers would expect. New data shows that condo units across the province have shrunk roughly one-third in size since the 1970s, even as prices have climbed to record levels. The trend, often called “shrink-flation,” has become a defining feature of…
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Canadian Mortgage Arrears Climb To Highest Level Since 2020
Canada’s major banks are facing rising borrower stress once again. New data from the Canadian Bankers Association (CBA) shows mortgage arrears have climbed to a 5 year high as of September. The increase comes at a time when the total number of mortgages is shrinking, meaning each delinquent borrower now carries more weight in the…
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Toronto Mortgage Payments Now Eat Up More Than 110% Of Family Income
A new report from the Fraser Institute paints a stark picture of homeownership in Ontario. To buy a typical home in Toronto, a family earning the median after-tax income would need to spend 110.2% of that income on monthly mortgage payments, even after making a 20% down payment. In simple terms, the average family in…
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7 Tiny Lifestyle Changes That Could Save You $10,000 On Your Mortgage
Small financial tweaks and mortgage hacks that could save Canadian homeowners thousands. These 7 tiny changes can cut interest, shorten your amortization, and reduce monthly stress.
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Rentals.ca November Rent Report Shows Canada Rents Falling For 13th Month
Canada’s rental market continued its cooling trend this fall, with October marking the 13th straight month of year-over-year rent declines, according to new data from Rentals.ca and Urbanation. While rents are still elevated compared to pre-pandemic levels, the pace of decline is slowing, suggesting the market may be nearing a floor. National Rent Trends Show Slower Declines…
Canada Housing Market 