Tag: housing affordability crisis
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The 2026 Inflation Reality: Food Prices Are Rising Again – What That Means for Housing Affordability
Inflation may be cooling on paper, but for many Canadians, the cost of living is rising again where it hurts most – food, rent, and housing costs. As Canada heads into 2026, new forecasts show food prices increasing once again, adding pressure to households already stretched by high rents and elevated mortgage payments. While inflation…
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Canada Cuts Housing Budget 56% Despite Crisis – PBO Warns CMHC Funding at Risk
Canada’s federal housing strategy just took another major hit. According to a new report from the Parliamentary Budget Officer (PBO), Ottawa is set to cut housing spending by 56% over the next few years, even as affordability hits historic lows. The PBO also warns that the CMHC is facing deep funding reductions that could affect…
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Ontario Condos Are One-Third Smaller Than They Used To Be – But Cost Way More
Ontario condos have gone through a major transformation over the past four decades, and not in a way most buyers would expect. New data shows that condo units across the province have shrunk roughly one-third in size since the 1970s, even as prices have climbed to record levels. The trend, often called “shrink-flation,” has become a defining feature of…
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Canadian and US Real Estate Affordability Improved, Still Near Record Lows
Housing affordability is finally showing signs of life in both Canada and the United States. A new report from BMO Capital Markets shows that falling home prices and lower borrowing costs have pushed affordability to a multi-year high in both countries. However, the bank warns that the improvement is modest and affordability remains near multi-generational lows. In…
Canada Housing Market 