Tag: finance
-
Homes Under $500,000 Are Making A Comeback In Ontario, But There’s A Catch
Affordable homes are becoming more common across Ontario’s housing market, but the improvement is being driven largely by one segment: condominiums. A new report from the Municipal Property Assessment Corporation (MPAC) found that homes valued under $500,000 now make up nearly one-quarter of Ontario’s housing market, marking a notable increase from just a few years…
-
Toronto’s Condo Crash May Not Bottom Until 2028, TD Warns
Toronto’s condo market continues to struggle through one of its deepest and longest downturns in decades, with some economists warning the correction could continue for years. A new report from TD Economics projects Greater Toronto Area condo prices may not begin a sustained recovery until 2028. The bank estimates prices could ultimately fall between 25%…
-
Ontario’s HST Rebate Is Helping Boost New Home Sales In The GTA, Industry Says
Ontario’s new HST rebate appears to be giving the Greater Toronto Area’s struggling new home market a much-needed boost. New data released by the Building Industry and Land Development Association (BILD) shows new home sales remained stronger than expected in May, marking the second consecutive month that low-rise home sales outperformed their 10-year average. Industry…
-
CMHC Says Development Charges Can Add Over $100K to New Homes
New homes in Canada are expensive for many reasons, from land costs and labour shortages to financing, materials, and taxes. But one cost is getting more attention from housing experts: development charges. According to Canada Mortgage and Housing Corporation, development charges can add $40,000 to more than $100,000 to the cost of a new home…
-
Building More Social Housing in the Toronto Area Could Give the Economy a $50B Boost, Report Says
Building more social housing in the Greater Toronto and Hamilton Area could create major economic benefits while helping address one of the region’s biggest affordability challenges. According to a new report covered by the Toronto Star and TorontoToday, constructing roughly 22,000 new social housing units in the GTHA by 2050 could add nearly $50 billion…
-
Ontario Housing Starts Could Fall Near 20-Year Lows in 2026
Ontario’s housing supply problem could get worse before it gets better. According to CMHC’s 2026 Housing Market Outlook, overall housing starts in Ontario are projected to fall to near two-decade lows in 2026, largely because of very weak condominium pre-construction sales. That could create a major challenge for affordability, especially in a province already struggling…
-
Toronto Mortgage Delinquencies Are Up 45% as Renewal Pressure Continues
Toronto homeowners are showing increased signs of mortgage stress as Canada continues working through one of the biggest mortgage renewal cycles in years. According to CMHC’s Spring 2026 Residential Mortgage Industry Report, the national 90-plus day mortgage delinquency rate increased to 0.24% in Q4 2025, up from 0.21% one year earlier. CMHC said the increase…
-
Canadian Household Debt Is Becoming Even More Concentrated in Mortgages
Canadian household debt continues to climb, but new data suggests the bigger issue may be where that debt is concentrated. According to Statistics Canada data highlighted by Better Dwelling, Canadian household debt reached $3.24 trillion in March 2026, with mortgage debt making up nearly three-quarters of the total. Household Debt Hit $3.24 Trillion Canadian households…
-
Canada Now Has Nearly 20,000 Vacant New Homes With Hundreds Of Thousands More Coming
Canada’s housing market is seeing a major buildup of unsold newly built homes, raising new questions about affordability, demand, and whether the homes being constructed actually match what Canadians can afford. According to recent data highlighted by Better Dwelling and Statistics Canada, Canada hit a new record in April 2026 with nearly 20,000 completed but…
-
Canadian Mortgage Rates Could Climb as Bond Yields Hit Highest Level Since 2010
Canadian mortgage borrowers may be facing renewed rate pressure, even as underlying inflation shows signs of cooling. According to BMO commentary highlighted by Better Dwelling, long-term Government of Canada bond yields have climbed to their highest level since 2010, raising concerns that borrowing costs could remain elevated or move higher. Long-Term Bond Yields Hit a…
Canada Housing Market 