Tag: finance
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East Coast Real Estate Market Update – August 2025
Atlantic Canada Remains One of the Country’s Most Resilient Housing Markets While much of Canada faces slower sales and cooling prices, the East Coast real estate market continues to hold strong as of August 2025. Driven by affordability, interprovincial migration, and lifestyle appeal, key cities like Halifax, Moncton, Charlottetown, and St. John’s are still seeing…
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2025 Ontario Property Tax Rates by City: What Homeowners Need to Know
Property taxes in Ontario can vary significantly depending on where you live. Even with the same home value, someone in Toronto may pay thousands less than a homeowner in Windsor or Thunder Bay. Understanding your city’s tax rate helps you plan smarter, especially if you’re buying or budgeting in 2025. Example: Home assessed at $700,000…
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The New First-Time Buyer Incentives in Canada in 2025 (And What They Really Mean)
Buying your first home in Canada just got a little easier. In 2025, the federal and some provincial governments are rolling out new and improved incentives to help first-time buyers overcome today’s biggest challenges: saving for a down payment, affording monthly mortgage payments, and competing in high-cost markets. If you’re feeling overwhelmed by real estate…
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GTHA’s ‘Invisible Poor’: Middle-Income Households Squeezed by Housing Crisis
A new report by CivicAction warns that middle-income households in the Greater Toronto and Hamilton Area (GTHA), including essential workers like nurses, teachers, and personal care workers, are being financially squeezed out of the region due to unsustainable housing costs. Who Are the ‘Invisible Poor’? The term “invisible poor” refers to middle-income earners making between…
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Alberta Tax Savings to Start in July 2025 Under New Income Bracket Shift
Starting next month, around two million Albertans will begin to see the effects of a new personal income tax system that the Alberta government says will help families better manage rising living costs. The new tax structure includes the introduction of an 8% tax bracket on the first $60,000 of income, which will not only…
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Up to $50K in Savings: New GST Rebate for First-Time Canadian Home Buyers (2025)
If you’re a first-time home buyer in Canada, you may be eligible for a major new rebate that could save you up to $50,000 on your new home. On May 27, 2025, the federal government introduced the First-Time Home Buyers’ GST Rebate (FTHB GST Rebate)—a game-changing measure designed to make homeownership more affordable and accessible…
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Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
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Canadians Now Owe $1.85 for Every $1 They Earn
Feeling like your paycheck disappears the second it hits your account? You’re not alone. According to new data from Statistics Canada, Canadians now owe $1.85 in debt for every $1 of disposable income. That number reflects how fast household debt is rising across the country compared to how slowly incomes are growing. Debt Growth Is…
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Bank of Canada Expected to Hold Rates at 2.75% This Wednesday- More Cuts Likely in 2025
Canada’s central bank is widely expected to hold interest rates at 2.75% this Wednesday, with economists predicting at least two more cuts before the end of 2025. According to a recent Reuters poll, over 75% of economists surveyed (20 out of 26) believe the Bank of Canada (BoC) will keep rates steady as it waits…
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Up to $50K in Savings: New GST Rebate for First-Time Canadian Home Buyers (2025)
If you’re a first-time home buyer in Canada, you may be eligible for a major new rebate that could save you up to $50,000 on your new home. On May 27, 2025, the federal government introduced the First-Time Home Buyers’ GST Rebate (FTHB GST Rebate)—a game-changing measure designed to make homeownership more affordable and accessible…
Canada Housing Market 