Tag: housing affordability Canada
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Here’s What $1M Homes Look Like Across Canada – January 2026
The 1M benchmark used to guarantee a luxury property in most of Canada. In 2026, it often represents the starting point in some regions and a waterfront dream home in others. National home prices have been driven by higher construction costs, limited inventory, interprovincial migration, and the ongoing urban to rural shift. Here’s a province by province look…
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Canadian Incomes Improved, But Most Households Expect Life to Get Worse in 2026: MNP
January 19, 2026 Despite recent gains in income, Canadians are entering 2026 with growing pessimism about their financial future. New survey data from MNP’s Consumer Debt Index shows that most households expect rising costs, worsening housing affordability, and mounting economic pressure in the year ahead. While some Canadians are actively adjusting their finances, a large…
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Even $100,000 Earners Are Being Priced Out of Ontario’s Housing Market
Earning a six-figure salary was once considered a clear path to homeownership. Today, even Canadians making $100,000 per year are struggling to afford a home in Ontario’s largest markets. A new analysis from real estate brokerage Zoocasa shows that households earning $100,000 annually can afford the average home in just four of Canada’s 18 major…
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Canada’s Housing Correction May Be Entering a Second Phase, New Data Suggests
Canada’s housing market ended 2025 on weaker footing than the year before, raising concerns that the correction is not finished. New data from the Canadian Real Estate Association (CREA) shows home prices fell sharply in December, alongside declining sales and one of the strongest late-year surges in listings on record. Rather than signaling stabilization, the…
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Where Is the Canadian Housing Market Headed in 2026? Seven Key Trends Economists Are Watching
As Canada moves into 2026, the housing market remains in a prolonged reset rather than a sharp rebound or collapse. According to a range of economists, analysts, and housing experts cited by The Globe and Mail, the next phase of the market will be shaped by slower population growth, rising supply, changing affordability dynamics, and…
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Canadian Rental Vacancies Are Rising, But Rents Still Outpace Wages: CMHC
Canada’s rental market is showing early signs of relief on supply, but affordability remains firmly out of reach for many tenants. New data from the Canada Mortgage and Housing Corporation (CMHC) shows rental vacancy rates climbed sharply in 2025, reaching their highest level in four years. Despite this increase, rents continue to rise faster than…
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Why Toronto and Vancouver Could Lag the Rest of Canada’s Housing Market in 2026
Canada’s housing market is heading into 2026 in a more balanced, but uneven, position after a year marked by economic uncertainty, shifting immigration levels, and changing global trade dynamics. According to Royal LePage president and CEO Philip Soper, it was not interest rates or employment that weighed most heavily on housing activity in 2025, but…
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Canada Housing and Interest Rate Forecasts for 2026: What Economists Expect Next
As 2026 begins, Canada’s housing market appears to be settling into a period of gradual recovery rather than a sharp rebound. After several turbulent years marked by rapid rate hikes, falling sales, and uneven price corrections, economists now expect a more balanced environment defined by lower interest rates, cautious buyers, and restrained price growth. Rate…
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Canadian Mortgage Arrears Hit a 5-Year High
Canadian mortgage arrears climbed to their highest level in five years in October 2025, according to new data from the Canadian Bankers Association (CBA). At the same time, Canada’s largest banks are holding fewer mortgages overall, a rare contraction that suggests lenders are actively reducing exposure as borrower stress builds. While headline arrears rates remain…
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Canadian Housing Market Update – December 2025: Rate Cuts Fail to Revive Home Sales
November was widely expected to be a turning point for Canada’s housing market. After two consecutive interest rate cuts from the Bank of Canada, borrowing costs fell to levels many buyers had been waiting for. Instead, new data shows home sales declined across most of the country, reinforcing the idea that lower rates alone are…
Canada Housing Market 