Tag: housing
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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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Toronto’s New Rental Renovation Licence Bylaw Takes Effect July 31, 2025: What Landlords & Tenants Need to Know
Say goodbye to shady “renovictions.” Toronto is taking action to protect tenants and preserve affordable rentals. On November 14, 2024, Toronto City Council officially adopted the Rental Renovation Licence Bylaw, a new measure aimed at stopping bad faith evictions and keeping rental housing fair and accessible. The bylaw takes effect on July 31, 2025, and…
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Nova Scotia Needs to Double Housing Construction for the Next Decade, Says CMHC
A new report from the Canada Mortgage and Housing Corporation (CMHC) says Nova Scotia must more than double its annual housing starts over the next 10 years to restore affordability in the province. The target? Jump from about 5,400 homes per year to over 12,500 annually between 2025 and 2035. That’s a big ask, and…
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70% of GTA Homes Sold Below Asking Price in June, Report Shows
The summer real estate season kicked off on a cooler note in the Greater Toronto Area (GTA), with the majority of homes selling for less than the listed price, according to new data from Canadian real estate platform Wahi. In June 2025, 71% of all GTA home sales were below asking price. And in a…
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Toronto’s Homeless Population More Than Doubled Since 2021, New Report Finds
By Kaley Langille | July 20, 2025 Toronto’s homelessness crisis has escalated sharply, with the number of unhoused individuals more than doubling between 2021 and 2024, according to the city’s latest Street Needs Assessment. The survey, conducted in October 2024, estimates that over 15,400 people were experiencing homelessness in Toronto-up from just 7,300 in April…
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Ontario’s Most Expensive Neighborhoods: Where the Elite Reside
Ontario is home to some of the most expensive neighborhoods in Canada, attracting wealthy individuals and families from around the world. These neighborhoods offer luxurious homes, top-rated schools, and exclusive amenities that cater to the elite. If you’re looking for a high-end lifestyle, here are Ontario’s most expensive neighborhoods to consider: Forest Hill, Toronto Forest…
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Vancouver’s Rental Market Shifts: One of the City’s Largest Purpose-Built Projects Seeks Tenants
The completion of Signal, one of Vancouver’s largest purpose-built rental projects, marks a rare moment of opportunity for renters in the city’s notoriously tight housing market. But experts warn this supply surge may not last long. Developed by Intracorp Homes and Oxford Properties, the project includes two towers- 27 and 32 storeys- delivering over 500…
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GTHA’s ‘Invisible Poor’: Middle-Income Households Squeezed by Housing Crisis
A new report by CivicAction warns that middle-income households in the Greater Toronto and Hamilton Area (GTHA), including essential workers like nurses, teachers, and personal care workers, are being financially squeezed out of the region due to unsustainable housing costs. Who Are the ‘Invisible Poor’? The term “invisible poor” refers to middle-income earners making between…
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40% of Canadian Renters Are Cutting Back on Food to Afford Rent
A growing affordability crisis is forcing nearly half of Canadian renters to make heartbreaking trade-offs just to stay housed. According to the Royal LePage 2025 Canadian Renters Report, 39% of Ontario renters are now reducing their spending on food and groceries to make ends meet. The poll, conducted by Burson earlier this month, surveyed 1,854…
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One-Third of Canadian Renters Say They Don’t Plan to Buy a Home
As affordability trends begin to shift slightly in Canada’s housing market, a significant number of renters remain hesitant, or straight up uninterested, in making the leap to homeownership. According to Royal LePage’s 2025 Canadian Renters Report, approximately one-third of renters across the country have no plans to purchase a home. While falling rents and softer…
Canada Housing Market 