Tag: finance
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Canada’s Cheapest Cities For Rent In 2026
Rent prices are finally falling across much of Canada, but where you live still makes an enormous difference. The average asking rent for all residential properties across Canada fell to $2,035 per month in August 2026, according to the latest National Rent Report from Rentals.ca and Urbanation. That was down 4.8% from August 2025 and…
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Toronto Needs To Build At Least 50% More Homes To Restore Affordability
Toronto home prices have fallen from their peak and rent growth has slowed, but Canada’s housing agency is warning that the recent improvement in affordability may not last. According to the Canada Mortgage and Housing Corporation, Toronto still needs to increase its annual housing construction pace by at least 50% for the next decade to…
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2026 Ontario Property Tax Rates By City: Here’s Where Homeowners Pay The Most
Property tax rates vary dramatically depending on where you own a home in Ontario. In some municipalities, the 2026 residential property tax rate is below 0.8%. In others, it is approaching or exceeding 1.8%. That can translate into thousands of dollars in difference every year for properties with the same assessed value. For example, a…
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Newfoundland Hasn’t Had This Few Homes For Sale In More Than 20 Years
Finding a home for sale in Newfoundland and Labrador is getting increasingly difficult, with housing inventory now sitting at levels the province hasn’t seen in more than two decades. There were just 2,847 active residential listings across Newfoundland and Labrador at the end of August 2026, according to the latest data from the Canadian Real…
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Calgary’s Record-Breaking Home Construction Is Actually Shrinking Its Housing Shortage
Calgary has spent the past several years building homes at a record pace, and new data suggests all that construction is actually making a measurable difference. According to the Canada Mortgage and Housing Corporation’s Fall 2026 Housing Supply Report, Calgary is one of the few major Canadian housing markets where the estimated housing supply gap…
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Canadian Household Wealth Just Hit $19.1 Trillion, But Most Financial Assets Are Owned By The Richest 20%
Canadian households are collectively wealthier than ever, but new data shows those gains are far from evenly distributed. Household net worth in Canada climbed to a record $19.1 trillion in the second quarter of 2026, according to new Statistics Canada data released September 11. That was a 2.9% increase in just three months, driven largely…
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Edmonton Is The Only Major Canadian City Without A Housing Supply Shortage
Canada may be struggling with a massive housing shortage, but one major city appears to be bucking the trend. Edmonton is currently the only large Canadian housing market with no measurable housing supply gap, according to the Canada Mortgage and Housing Corporation’s new Fall 2026 Housing Supply Report. CMHC says housing construction in Edmonton has…
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These Ontario Housing Markets Have Seen Some Of Canada’s Biggest Price Drops
Home prices are still falling across several Ontario housing markets, and some cities are now seeing among the biggest year-over-year price declines in Canada. New data from the Teranet-National Bank House Price Index shows home prices fell from a year earlier in several major Ontario markets in August 2026, with declines approaching 9% in some…
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Ottawa Condo Construction Just Fell 49% As Developers Shift To Rentals
Ottawa’s new housing market is undergoing a major shift as condominium construction falls sharply and purpose-built rental apartments take over a growing share of development. According to the Canada Mortgage and Housing Corporation’s Fall 2026 Housing Supply Report, Ottawa condominium apartment starts fell 49% year over year. At the same time, purpose-built rentals now account…
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Toronto Homes Under $1 Million Are Becoming The Most Competitive
Finding a detached home for under $1 million in the Toronto area is still possible, but buyers looking in that price range may be facing some of the strongest competition in the market. New data from the Canadian Real Estate Association and Toronto Regional Real Estate Board shows that detached homes priced below $1 million…
