Tag: finance
-
Bank of Canada Expected To Hold Rates This Week. Here’s What It Means For Ontario Homebuyers
All eyes will be on the Bank of Canada this Wednesday as policymakers announce their latest interest rate decision, a move that could influence mortgage rates, homebuyer confidence, and the direction of Ontario’s housing market. While many prospective buyers have been hoping for another rate cut, economists overwhelmingly expect the central bank to leave its…
-
The Cheapest Places to Retire in Canada Based on Housing Costs
Retirement looks a little different for everyone, but one thing almost every Canadian retiree has in common is wanting to make their money go further. With housing remaining one of the biggest expenses for Canadians, many retirees are choosing to relocate to communities where they can buy a home for hundreds of thousands of dollars…
-
Is Now Finally a Good Time to Buy a House in Ontario?
Ontario’s housing market has looked very different in 2026 than it did just a few years ago. After years of soaring prices, intense bidding wars, and record-low inventory, buyers are finally finding themselves in a stronger position. Home prices have softened in many markets, inventory has climbed, and sellers are becoming more willing to negotiate.…
-
Calgary Is Becoming More Affordable For Homebuyers, But It Still Lags Other Alberta Cities
Buying a home in Calgary is becoming more affordable, according to a new report from Royal LePage. However, the city still trails several other Alberta markets when it comes to overall affordability. The report found that while housing costs have become more manageable over the past two years, Calgary remains outside Canada’s top 15 most…
-
70% Of Canadian Renters Say High Rent Prices Are Their Biggest Housing Challenge, New Survey Finds
Canada’s rental affordability crisis continues to weigh heavily on renters, with a new national survey finding that high rent prices remain the biggest obstacle for the vast majority of people searching for housing. According to Rentals.ca’s Spring 2026 Renter Preference Survey, 70% of Canadian renters identified rising rent prices as the single biggest challenge in…
-
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…
