Tag: housing affordability Canada
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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…
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Ottawa Area Dominates List of Most Affordable Housing Markets
A new report suggests that some of Ontario’s most affordable housing markets are not in the province’s largest cities, but instead clustered around the Ottawa region. According to recent data, seven of the top 10 most affordable housing markets in Ontario are located in Ottawa and the surrounding Ottawa Valley, highlighting a growing regional divide…
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Ontario New-Home Sales Surge After HST Rebate – But Is This a Real Recovery?
Ontario’s new-home market is suddenly seeing a surge in activity – at least according to recent headlines. Following the rollout of the province’s HST rebate on new construction, reports suggest buyers are jumping back into the market, with developers pointing to renewed momentum across multiple communities. But is this actually a turning point for the…
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Rent Prices in Canada Just Hit a 3-Year Low – Here’s What’s Happening
Canada’s rental market is showing a major shift, with new data revealing that asking rents have dropped to their lowest level in nearly three years. According to a new report from Rentals.ca and Urbanation, the average asking rent in Canada fell to $2,008 in March, marking a 35-month low. Rent Prices Continue to Decline Nationwide…
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Ontario Announced an $8.8B Housing Deal – New Homes Could Be Up to $200K Cheaper
Ontario just made one of its biggest housing moves in years – and it could directly impact home prices across the province. A new $8.8 billion partnership between the federal and Ontario governments aims to cut construction costs, reduce taxes, and accelerate housing supply, announced on March 30, 2026. Thinking about buying?👉 Find out what you qualify…
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Canada Is Building More Homes, But Why Does It Still Feel Impossible to Buy?
Canada’s housing supply is growing, and on the surface, that should be good news for buyers. More homes typically mean more options, more competition among sellers, and eventually more affordable prices. But the reality is more complicated. While new construction is increasing, much of the supply being added to the market is not what most…
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Canada Housing Market 2026: Are Rate Cuts Over? Mortgage Rates Could Rise 75 Basis Points
After months of optimism around falling interest rates, a new narrative is emerging across Canada’s housing market and it could catch buyers and homeowners off guard. Financial markets are now pricing in the possibility that the Bank of Canada may not only delay rate cuts, but could raise interest rates again in 2026. For a…
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Canada’s $658K Housing Wake-Up Call: What Falling Home Prices Mean for Homeowners
Canada’s housing market is entering a new phase in 2026. After years of rapid price growth, the national benchmark home price has declined to $658,300, marking the eighth consecutive month of falling values. For millions of homeowners, this shift is a reminder that real estate markets can move in both directions. While Canada is not facing…
Canada Housing Market 