Tag: finance
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Home Prices Are Falling in Canada’s Most Expensive Cities – But It’s Still Not Enough
Canada’s housing market is showing signs of softening, especially in its most expensive cities, but for many buyers, affordability is still out of reach. New data and expert analysis suggest that even with slight price declines, the market remains difficult to enter, particularly for first-time buyers. Prices Are Dropping – But Only Slightly Recent forecasts…
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Gas Prices Just Spiked – Here’s Why That Could Hurt Homebuyers
Canada’s housing outlook just took another unexpected turn. After months of cooling inflation and expectations that mortgage relief was on the way, a sudden surge in gas prices is now threatening to reverse that trend and put pressure back on borrowers. According to BMO Capital Markets, gas prices jumped roughly 21% in March, marking the…
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Ontario Announced an $8.8B Housing Deal – New Homes Could Be Up to $200K Cheaper
Ontario just made one of its biggest housing moves in years – and it could directly impact home prices across the province. A new $8.8 billion partnership between the federal and Ontario governments aims to cut construction costs, reduce taxes, and accelerate housing supply, announced on March 30, 2026. Thinking about buying?👉 Find out what you qualify…
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Canada’s Household Debt Crisis: Now 2nd Highest in the OECD
Canada’s household debt problem is no longer just a concern. It is now among the worst in the developed world. New data from the Organisation for Economic Co-operation and Development (OECD) shows Canada has climbed to 2nd place among OECD countries for household debt relative to GDP, sitting at approximately 103% of GDP. Only Switzerland ranks higher. This puts…
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Canadian Banks Now Relying on Home Sales to Recover $7B in Losses
Canada’s housing downturn is beginning to show up in a new and concerning way. According to a recent report from Better Dwelling, Canadian banks are increasingly relying on selling homes from delinquent borrowers to recover losses, with billions now tied to distressed real estate. New data suggests this trend is accelerating quickly. Banks Now Expecting…
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Ontario Housing Forecast Cut Again as New Construction Slows
Ontario’s housing market is facing another setback. New projections released alongside the province’s latest budget show that homebuilding expectations have been revised downward once again, raising further doubts about whether Ontario can meet its ambitious housing targets. Housing Targets Continue to Slip Back in 2022, the provincial government pledged to build 1.5 million homes by…
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TD Just Slashed Its 2026 Canada Housing Forecast – Prices Now Expected to Fall
Canada’s housing outlook for 2026 has taken a sharp turn. A new report from TD Economics now expects both home sales and prices to decline this year, reversing earlier forecasts that called for a strong rebound. TD Now Expects Sales and Prices to Decline in 2026 TD Economics is forecasting a weaker housing market than previously expected,…
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Ontario Removes HST on New Homes for One Year in Major Housing Affordability Push
The Ontario government is introducing a major, time-limited tax break aimed at cooling affordability pressures and stimulating new home construction across the province. Premier Doug Ford announced that the province will temporarily eliminate the 13% Harmonized Sales Tax (HST) on new homes for eligible buyers over a one-year period, starting April 1, 2026. The move…
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Bank of Canada Warns the Next 5 Years Could Be Turbulent
Canada’s economic outlook is entering a new phase of uncertainty, and it could have direct implications for the housing market. In a recent address, Carolyn Rogers of the Bank of Canada warned that the country is facing long-term structural changes that will be difficult to manage and could reshape the economy for years to come.…
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Canadian Housing Market Facing Largest Correction Since the 1990s, Warns BMO
Canada’s housing market may be deeper into a downturn than many realize. According to new insights from BMO Capital Markets, the current correction is shaping up to be the largest since the 1990s, with little indication that conditions will improve in the near term. Even more concerning, when adjusted for inflation, home prices in Canada…
Canada Housing Market 