Tag: finance
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GTA Residents Now Need to Earn $27.20 Per Hour to Live Comfortably, Report Says
A new report shows GTA residents need $27.20 per hour to afford housing and essentials. Ontario’s minimum wage of $17.60 falls far short.
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41 Percent of Canadian Home Builders Have Laid Off Workers – Many Don’t Plan to Rehire
Canada needs to build 5.8 million homes by 2030 to restore affordability, according to CMHC, yet residential construction is now moving backward. A new report from the Canadian Home Builders’ Association (CHBA) shows: ✅ 41% of builders in Canada have laid off workers❌ Most do not plan to rehire them In key markets, the number is even higher: This marks the lowest level…
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House Rich, Cash Poor: Why So Many Canadians Are Stuck in Their Dream Home
Many Canadians are “house rich but cash poor” in 2025. Here’s why so many homeowners are struggling to afford everyday life despite sitting on hundreds of thousands in home equity.
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Atlantic Canada Housing Market Update 2025: Prices Rise in Halifax and Newfoundland, Drop in Cape Breton
Atlantic Canada’s real estate market is showing mixed results in 2025.Some cities are booming, while others are cooling down. According to Mortgage Professional America (MPA Magazine, September 2025), prices are up in Halifax and Newfoundland, but down in Cape Breton. Halifax-Dartmouth: Prices Up 5.8% Halifax remains one of the most in-demand cities on the East Coast.…
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How to Buy a House With Bad Credit in Canada (2025 Guide)
Think your bad credit is the end of your homeownership dreams? Think again. While it’s definitely more challenging, buying a house with bad credit in Canada is possible, especially in 2025, where alternative lending options and first-time buyer programs are expanding. If you’re working on rebuilding your financial profile but want to get into the market…
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Canadian Insolvencies Hit Highest June Since 2010 as Bankruptcies Surge
Canada’s debt crisis is intensifying as consumer insolvencies reached their highest June total in 15 years, according to new data from the Office of the Superintendent of Bankruptcy (OSB). The 11,464 filings in June 2025 mark a 3.3% increase from last year and highlight a growing shift toward more severe forms of debt relief. What’s…
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Top Canadian University Cities Where Buying Beats Renting
Looking for a smarter housing choice while studying in Canada? In some college towns, buying a home is actually cheaper than renting. This can be a game-changer for students, parents, and investors looking to make the most of their money. Below are the top Canadian university cities where mortgage payments are lower (or almost the same)…
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These Canadian Cities Have the Best ROI for Basement Apartments in 2025
Turning unused space into a legal basement suite remains one of the most affordable and effective entry points into the rental market. For Canadian investors, it’s a classic house-hacking strategy that can offset your mortgage, generate steady rental income, and boost resale value. In 2025, several cities stand out with strong rent-to-price ratios, high tenant…
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Younger Canadians Feel Homeownership Pressure as Strong as Marriage or Starting a Family
A new national survey reveals that many younger Canadians view buying a home as just as important – and just as pressured – as other major life milestones like marriage or having children. First-Time Homebuyer Frustration According to the 2025 Homebuying Pressure Point Survey by Wahi and the Angus Reid Forum, 54% of millennials and…
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Rent-to-Own Programs in Canada: What’s Legit & What’s Sketchy (2025 Guide)
As housing affordability continues to challenge Canadians, rent‑to‑own homes Canada arrangements have gained popularity, especially for first‑time buyer help Canada. These programs promise a pathway to ownership without the hefty upfront down payments. But how do they actually work in 2025, and which options are legitimate versus risky? ✅ How Rent-to-Own Works in Canada Typically structured as…
Canada Housing Market 