Tag: housing market
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A $110K Salary May No Longer Be Enough To Buy A Home In Toronto
A six-figure salary used to feel like a major financial milestone. But in some of Canada’s biggest housing markets, even earning around $110,000 a year may no longer be enough to comfortably buy a home. That is especially true in places like Toronto and Vancouver, where home prices remain high, mortgage qualification rules are strict,…
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Demand Isn’t the Problem – Here’s What’s Blocking Canada’s Housing Market
Canada’s housing market continues to face affordability challenges, but new data suggests the issue may not be a lack of demand. Instead, a growing imbalance between buyers and available housing is emerging, with many Canadians still planning to enter the market despite ongoing constraints. Buyer Demand Remains Strong Recent data shows that 23% of young…
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B.C.’s Housing Market Among Weakest in Canada as Sales and Demand Decline
British Columbia’s housing market is showing significant signs of weakness in 2026, with new data pointing to declining sales, falling demand, and ongoing affordability challenges. A recent outlook from TD Economics has identified B.C. as one of the weakest housing markets in the country, alongside Ontario. Sales Activity Remains Well Below Normal Market activity has…
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More Than Half of Canadians Say They’re Not Living in Their Ideal Home, New Report Finds
A new report suggests a growing gap between what Canadians want in a home and what they can actually afford. According to a recent study from Century 21 Canada, more than half of Canadians say they are not living in their ideal home, with affordability emerging as the biggest barrier preventing people from upgrading or…
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Rents Are Falling Across Canada – Except in These Provinces
Canada’s rental market is cooling overall, but new data shows the trend isn’t the same everywhere. While rents are declining across most of the country, a handful of provinces are still seeing prices rise, highlighting a growing regional divide in Canada’s housing market. According to the latest report from Rentals.ca and Urbanation, average asking rents…
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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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Vancouver Home Prices Rise Slightly as Inventory Hits 13-Year High
Canada’s housing market is showing mixed signals once again, this time in one of the country’s most expensive regions. New data from Greater Vancouver Realtors shows that home prices increased slightly in March, marking the first monthly gain in a year. However, the broader picture suggests the market remains under pressure, with weak demand and…
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Nearly 75% of GTA Neighbourhoods Saw Homes Sell Below Asking in March
Homebuyers across the Greater Toronto Area may be gaining more negotiating power as new data shows a sharp slowdown in competition. A recent report from Wahi found that nearly 75% of GTA neighbourhoods saw homes sell below asking price in March, signaling one of the weakest housing markets in years. Buyer Competition Hits 4-Year Low…
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Canadians Are Now Spending Over 60% of Their Income on Housing in Some Cities
Housing affordability in Canada is reaching new extremes, and in some cities, it’s no longer just a stretch, it’s becoming unsustainable. New data suggests that in major urban centres, many households are now spending more than 60% of their income on housing costs, far above what experts consider affordable. What “Affordable Housing” Is Supposed to…
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Home Prices Are Falling in Canada’s Most Expensive Cities – But It’s Still Not Enough
Canada’s housing market is showing signs of softening, especially in its most expensive cities, but for many buyers, affordability is still out of reach. New data and expert analysis suggest that even with slight price declines, the market remains difficult to enter, particularly for first-time buyers. Prices Are Dropping – But Only Slightly Recent forecasts…
Canada Housing Market 