Tag: finance
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Canadian Wealth Inequality Is Growing as Rich Households Buy Stocks and Lower-Income Households Take on Mortgage Debt
Canadian household wealth increased last year, but new data suggests the gains were not evenly shared. According to Statistics Canada data highlighted by Better Dwelling, average household net worth rose in Q4 2025. However, the biggest gains went to the wealthiest households, while lower-wealth households took on mortgage debt at a much faster rate. Household…
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A $110K Salary May No Longer Be Enough To Buy A Home In Toronto
A six-figure salary used to feel like a major financial milestone. But in some of Canada’s biggest housing markets, even earning around $110,000 a year may no longer be enough to comfortably buy a home. That is especially true in places like Toronto and Vancouver, where home prices remain high, mortgage qualification rules are strict,…
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Bank of Canada Expected to Hold Rates at 2.25% on April 29, 2026
Canada’s interest rate outlook is coming into sharper focus, with economists expecting the Bank of Canada to hold its key policy rate steady. With inflation still within target and economic uncertainty lingering, the central bank is showing little urgency to either cut or raise rates in the near term. Rates Expected to Hold Around Current…
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Toronto Rents Just Hit Their Lowest Level in Nearly 4 Years
Toronto’s rental market is continuing to cool, with new data showing prices have dropped to their lowest level in years. According to a new report from Rentals.ca and Urbanation, average asking rents in Toronto have fallen to their lowest level since May 2022, marking a 46-month low. Rents Continue to Decline Across Toronto The latest…
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Ontario Mortgage Violations Are Up 50% – Here’s What That Means for Buyers
Ontario’s mortgage industry is facing increased scrutiny, with new data showing a sharp rise in violations and enforcement actions. A new report from Financial Services Regulatory Authority of Ontario reveals that mortgage-related violations are up 50% year-over-year, as regulators crack down on questionable practices across the industry. Mortgage Industry Under the Microscope According to the…
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B.C.’s Housing Market Among Weakest in Canada as Sales and Demand Decline
British Columbia’s housing market is showing significant signs of weakness in 2026, with new data pointing to declining sales, falling demand, and ongoing affordability challenges. A recent outlook from TD Economics has identified B.C. as one of the weakest housing markets in the country, alongside Ontario. Sales Activity Remains Well Below Normal Market activity has…
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Rents Are Falling Across Canada – Except in These Provinces
Canada’s rental market is cooling overall, but new data shows the trend isn’t the same everywhere. While rents are declining across most of the country, a handful of provinces are still seeing prices rise, highlighting a growing regional divide in Canada’s housing market. According to the latest report from Rentals.ca and Urbanation, average asking rents…
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Ontario New-Home Sales Surge After HST Rebate – But Is This a Real Recovery?
Ontario’s new-home market is suddenly seeing a surge in activity – at least according to recent headlines. Following the rollout of the province’s HST rebate on new construction, reports suggest buyers are jumping back into the market, with developers pointing to renewed momentum across multiple communities. But is this actually a turning point for the…
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Rent Prices in Canada Just Hit a 3-Year Low – Here’s What’s Happening
Canada’s rental market is showing a major shift, with new data revealing that asking rents have dropped to their lowest level in nearly three years. According to a new report from Rentals.ca and Urbanation, the average asking rent in Canada fell to $2,008 in March, marking a 35-month low. Rent Prices Continue to Decline Nationwide…
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Canadians Are Now Spending Over 60% of Their Income on Housing in Some Cities
Housing affordability in Canada is reaching new extremes, and in some cities, it’s no longer just a stretch, it’s becoming unsustainable. New data suggests that in major urban centres, many households are now spending more than 60% of their income on housing costs, far above what experts consider affordable. What “Affordable Housing” Is Supposed to…
Canada Housing Market 