Tag: finance
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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…
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The Median Age To Buy A Home In Ontario Is 40, Report Shows
How old are first-time buyers in Ontario in 2025? See the latest median age, how Ontario compares nationally, why buyers are getting older, city-level “years to save” benchmarks, and practical tips to buy sooner. The quick answer Ontario vs Canada: who’s buying, and when? How long are people saving before they buy? Why this matters:…
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Calgary’s Living Wage Rises to $26.50 an Hour as Cost of Living Surges
Calgary’s living wage has officially increased to $26.50 per hour, according to the latest Living Wage Alberta report for 2024/2025. The new rate reflects the rising cost of daily essentials across the city, including transportation, child-care, groceries, and housing. The updated estimate is now more than $10 higher than Alberta’s minimum wage, underscoring growing affordability pressures for workers and families…
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Why Ontario’s HST Rebate Could Change The Market – What Buyers Need To Know
Housing prices and mortgage rates have pushed many Ontarians out of the market over the past two years. But a new provincial policy aims to make buying a home (especially a pre-construction home) more attainable by offering a new HST rebate structure that reduces the tax burden on buyers. If you’re a first-time buyer in Ontario or planning…
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Calgary’s Living Wage Jumps To $26.50 Per Hour, Report Shows
Calgary may still be considered one of Canada’s more “affordable” major cities, but new data shows the cost of living is rising quickly. According to a recent update from the City of Calgary Living Wage Network (via UrbaCalgary), residents now need to earn at least $26.50 per hour to maintain a basic, reasonable standard of living in the city.…
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Calgary Set To Lead Canada’s Real Estate Market In 2026, PwC/ULI Report Says
A new PwC Canada and Urban Land Institute report names Calgary the top market to watch in 2026, as capital shifts from condos to purpose-built rentals and modular housing gains momentum. Here’s what buyers, investors, and developers should know.A new PwC Canada and Urban Land Institute report names Calgary the top market to watch in…
Canada Housing Market 