Tag: news
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41 Percent of Canadian Home Builders Have Laid Off Workers – Many Don’t Plan to Rehire
Canada needs to build 5.8 million homes by 2030 to restore affordability, according to CMHC, yet residential construction is now moving backward. A new report from the Canadian Home Builders’ Association (CHBA) shows: ✅ 41% of builders in Canada have laid off workers❌ Most do not plan to rehire them In key markets, the number is even higher: This marks the lowest level…
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Canadian Insolvencies Hit Highest June Since 2010 as Bankruptcies Surge
Canada’s debt crisis is intensifying as consumer insolvencies reached their highest June total in 15 years, according to new data from the Office of the Superintendent of Bankruptcy (OSB). The 11,464 filings in June 2025 mark a 3.3% increase from last year and highlight a growing shift toward more severe forms of debt relief. What’s…
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Canada’s Long-Term Unemployment Hits Highest Level in 27 Years as Labour Force Shrinks
Canada’s job market is showing signs of deeper trouble despite strong hiring earlier in the summer. New data from Statistics Canada reveals the country lost 41,000 jobs in July 2025, wiping out much of June’s gains. Even more concerning, the long-term unemployment rate has climbed to its highest level since 1998, while youth unemployment is…
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Where Are Canadians Moving? Top Migration Trends in 2025
Canada’s internal movement is shifting fast. As housing prices skyrocket and job markets evolve, we’re seeing clear direction in who’s moving, and why. From U‑Haul data to federal migration stats, here’s the latest. 🔍 Migration Trends Shaping Canada in 2025 ✅ Alberta Remains the Biggest Magnet ✅ Nova Scotia and PEI See a Migration Turnaround…
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2025 Ontario Property Tax Rates by City: What Homeowners Need to Know
Property taxes in Ontario can vary significantly depending on where you live. Even with the same home value, someone in Toronto may pay thousands less than a homeowner in Windsor or Thunder Bay. Understanding your city’s tax rate helps you plan smarter, especially if you’re buying or budgeting in 2025. Example: Home assessed at $700,000…
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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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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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‘Raising the Bar’: Calgary to Build Western Canada’s Two Tallest Towers
A pair of ambitious new hotel-residential towers is poised to dramatically reshape Calgary’s skyline. The $1.2-billion real estate project, featuring the JW Marriott Calgary and W Calgary, will include Calgary’s next two tallest skyscrapers, making them among the tallest buildings in Western Canada. Calgary’s Skyline Reimagined The two mixed-use towers will rise 69 and 62…
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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…
Canada Housing Market 