Tag: housing affordability Canada
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Canada’s Housing Market Has Now Seen Its Largest Price Correction In History
Canada’s housing market has experienced one of the most dramatic booms in history, and according to new data, it’s now experiencing its largest correction on record. New figures from the Bank for International Settlements (BIS) show national home prices have fallen significantly since peaking in early 2022. Once inflation is factored in, prices have dropped…
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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…
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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…
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Canadian Housing Starts Fell 6% in May as Supply Concerns Continue
Canada’s housing construction pulled back in May, raising fresh questions about whether the country is building enough homes to improve affordability. According to Reuters, citing new data from Canada Mortgage and Housing Corporation, Canadian housing starts fell 6% in May from the previous month. The seasonally adjusted annualized rate dropped to 261,377 units, down from…
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Canada Now Has Nearly 20,000 Vacant New Homes With Hundreds Of Thousands More Coming
Canada’s housing market is seeing a major buildup of unsold newly built homes, raising new questions about affordability, demand, and whether the homes being constructed actually match what Canadians can afford. According to recent data highlighted by Better Dwelling and Statistics Canada, Canada hit a new record in April 2026 with nearly 20,000 completed but…
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A $50K Salary In 1980 Could Be Equivalent To Roughly $250K Today
A growing conversation around affordability and generational wealth is gaining attention online after comparisons showed how far a middle-class salary once stretched compared to today. According to inflation calculators and historical economic data, a $50,000 salary in 1980 could be roughly equivalent to earning around $250,000 annually today depending on the inflation measure used. The…
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Brampton Now Has Canada’s Highest Mortgage Delinquency Rate
New data suggests more homeowners in Brampton are falling behind on mortgage payments as financial pressure continues building across parts of the Greater Toronto Area. According to data from Equifax Canada highlighted by The Globe and Mail, Brampton now has the highest mortgage delinquency rate in Canada at approximately 0.6% – nearly three times the…
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Canadian Wealth Inequality Is Growing as Rich Households Buy Stocks and Lower-Income Households Take on Mortgage Debt
Canadian household wealth increased last year, but new data suggests the gains were not evenly shared. According to Statistics Canada data highlighted by Better Dwelling, average household net worth rose in Q4 2025. However, the biggest gains went to the wealthiest households, while lower-wealth households took on mortgage debt at a much faster rate. Household…
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Canada’s Aging Population Could Create a Major Housing Shift by 2030
Canada’s housing market may be heading for a major demographic shift. As the country’s population ages, more homes could eventually move through the market because of downsizing, inheritance, estate sales, or seniors transitioning into different types of housing. But the shift may not happen quickly. According to CMHC, many older Canadians are staying in their…
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4.5 Million Canadians Are Now Living Below The Poverty Line
Canada’s cost-of-living crisis is still showing up in the data. New Statistics Canada numbers show that 11.0% of Canadians lived below the poverty line in 2024, representing approximately 4.5 million people. That is almost unchanged from 2023, when the poverty rate was 11.1%. The data suggests that while inflation has cooled from its peak, many…
Canada Housing Market 