Tag: news
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Ontario’s Housing Budget Cuts Explained: What Buyers, Renters, and Investors Lose in 2026
Ontario’s housing market has been under intense pressure for years, with skyrocketing home prices, limited rental supply, and growing affordability challenges. Now, budget cuts at the federal level are adding a new layer of complexity, sparking confusion and concern among homebuyers, renters, and investors alike. This article breaks down the housing budget cuts affecting Ontario…
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The Great Canadian Shift Away From Big Cities Is Accelerating
Canada’s long-running shift toward big-city living appears to have hit a turning point. New population estimates from Statistics Canada (StatCan) show urbanization stalled in 2025 for the first time in decades, as both residents and newcomers increasingly bypass the country’s largest and most expensive metropolitan areas. The data suggests the migration toward smaller cities, towns,…
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Canadian Rental Vacancies Are Rising, But Rents Still Outpace Wages: CMHC
Canada’s rental market is showing early signs of relief on supply, but affordability remains firmly out of reach for many tenants. New data from the Canada Mortgage and Housing Corporation (CMHC) shows rental vacancy rates climbed sharply in 2025, reaching their highest level in four years. Despite this increase, rents continue to rise faster than…
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Why Alberta Is Still Canada’s Top Migration Magnet Heading Into 2026
Despite higher interest rates and a slower national housing market, Canadians are still moving to Alberta in large numbers heading into 2026. For buyers and renters priced out of Ontario and British Columbia, Alberta continues to stand out as one of the few provinces offering a rare mix of affordability, job opportunities, and lifestyle. This…
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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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Canadian Families Expected to Pay $1,000 More for Groceries in 2026, New Report Warns
Canadian households should brace for another year of rising food costs, with the latest Canada’s Food Price Reportforecasting that grocery bills will climb again in 2026. The annual report – released by Dalhousie University alongside researchers from universities nationwide – estimates that the average family of four will spend an additional $1,000 next year just to buy the…
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Calgary Risks Losing $129 Million In Housing Funding After Rezoning Repeal
Calgary may lose up to $129 million in federal housing funding after city council voted to repeal citywide rezoning, according to a new internal email from the Canada Mortgage and Housing Corporation (CMHC). The federal government has reportedly paused further payments until it receives clarity on the city’s long-term zoning direction. The potential funding freeze…
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Calgary’s Living Wage Rises to $26.50 an Hour as Cost of Living Surges
Calgary’s living wage has officially increased to $26.50 per hour, according to the latest Living Wage Alberta report for 2024/2025. The new rate reflects the rising cost of daily essentials across the city, including transportation, child-care, groceries, and housing. The updated estimate is now more than $10 higher than Alberta’s minimum wage, underscoring growing affordability pressures for workers and families…
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Calgary’s Living Wage Jumps To $26.50 Per Hour, Report Shows
Calgary may still be considered one of Canada’s more “affordable” major cities, but new data shows the cost of living is rising quickly. According to a recent update from the City of Calgary Living Wage Network (via UrbaCalgary), residents now need to earn at least $26.50 per hour to maintain a basic, reasonable standard of living in the city.…
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GTA Residents Now Need to Earn $27.20 Per Hour to Live Comfortably, Report Says
A new report shows GTA residents need $27.20 per hour to afford housing and essentials. Ontario’s minimum wage of $17.60 falls far short.
Canada Housing Market 