Tag: housing affordability ontario
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Ontario Housing Starts Could Fall Near 20-Year Lows in 2026
Ontario’s housing supply problem could get worse before it gets better. According to CMHC’s 2026 Housing Market Outlook, overall housing starts in Ontario are projected to fall to near two-decade lows in 2026, largely because of very weak condominium pre-construction sales. That could create a major challenge for affordability, especially in a province already struggling…
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How People in Their 20s Are Actually Buying Homes Right Now
How 20-somethings in Ontario are actually buying homes in 2025: co-signers, multigenerational living, moving outside the GTA, duplex investing, and buying with friends. Backed by the latest stats.
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As Canada’s Housing Market Sees Gradual Recovery, Ontario Home Prices Will Remain Under Pressure: RBC Report
Canada’s housing market is showing signs of a gradual recovery in the second half of 2025, but Ontario home prices are expected to remain under pressure until at least early 2026, according to a new RBC Economics report. The report highlights a significant shift in supply-demand conditions in Ontario, with more homes for sale than at any point since June 2010. This…
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Home Prices Projected to Rise 63% by 2035: Why Canada Must Build 32,000 More Homes a Year
A 63% price jump in just over a decade? That’s the reality we’re staring down- unless we act fast. According to recent projections, Canadian home prices are on track to increase by 63% between 2024 and 2035, which breaks down to an average annual growth rate of 5%. To put that in perspective, that’s more…
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The Average Toronto Household Now Spend 71% of Their Income on Housing – Up from 50% a Decade Ago
Toronto’s housing market has reached a critical point, with the average household now allocating approximately 71% of its pre-tax income to cover housing costs, including mortgage payments, property taxes, and utilities. This marks a significant increase from a decade ago, when households spent around 50% of their income on housing . The Escalating Cost of…
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New Data Shows Ontario’s First-Time Homebuyers Are Now 40 Years Old
If you’re thinking it’s taking longer to break into the Ontario housing market, you’re not alone- and the stats back it up. The median age of first-time homebuyers in Ontario has jumped from 36 to 40 over the past decade, according to a recent Teranet report, a clear sign of how affordability struggles are reshaping…
Canada Housing Market 