Tag: ontario housing market
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Canadian Housing Starts Fell 6% in May as Supply Concerns Continue
Canada’s housing construction pulled back in May, raising fresh questions about whether the country is building enough homes to improve affordability. According to Reuters, citing new data from Canada Mortgage and Housing Corporation, Canadian housing starts fell 6% in May from the previous month. The seasonally adjusted annualized rate dropped to 261,377 units, down from…
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What the Bank of Canada’s Latest Rate Hold Means for Housing
The Bank of Canada has held interest rates steady again, leaving many Canadian homebuyers wondering whether mortgage relief is actually coming this year. On June 10, 2026, the Bank of Canada held its target for the overnight rate at 2.25% for the fifth consecutive meeting. The Bank Rate remains at 2.5%, while the deposit rate…
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Building More Social Housing in the Toronto Area Could Give the Economy a $50B Boost, Report Says
Building more social housing in the Greater Toronto and Hamilton Area could create major economic benefits while helping address one of the region’s biggest affordability challenges. According to a new report covered by the Toronto Star and TorontoToday, constructing roughly 22,000 new social housing units in the GTHA by 2050 could add nearly $50 billion…
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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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Toronto Mortgage Delinquencies Are Up 45% as Renewal Pressure Continues
Toronto homeowners are showing increased signs of mortgage stress as Canada continues working through one of the biggest mortgage renewal cycles in years. According to CMHC’s Spring 2026 Residential Mortgage Industry Report, the national 90-plus day mortgage delinquency rate increased to 0.24% in Q4 2025, up from 0.21% one year earlier. CMHC said the increase…
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Canadian Household Debt Is Becoming Even More Concentrated in Mortgages
Canadian household debt continues to climb, but new data suggests the bigger issue may be where that debt is concentrated. According to Statistics Canada data highlighted by Better Dwelling, Canadian household debt reached $3.24 trillion in March 2026, with mortgage debt making up nearly three-quarters of the total. Household Debt Hit $3.24 Trillion Canadian households…
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Canadian Mortgage Rates Could Climb as Bond Yields Hit Highest Level Since 2010
Canadian mortgage borrowers may be facing renewed rate pressure, even as underlying inflation shows signs of cooling. According to BMO commentary highlighted by Better Dwelling, long-term Government of Canada bond yields have climbed to their highest level since 2010, raising concerns that borrowing costs could remain elevated or move higher. Long-Term Bond Yields Hit a…
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Canadian Home Prices Are Near Record Highs in All but 2 Provinces
Canada’s national housing market may look like it has gone through a major correction, but new data suggests that most provinces have barely seen prices pull back from record highs. According to Canadian Real Estate Association (CREA) data highlighted by Better Dwelling, home prices rose in nearly every province in April 2026. While the national…
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Canada Hits Worst Insolvency Levels Since The Financial Crisis – Here’s What It Could Mean For Canadians
Canada is seeing its highest insolvency levels since the 2009 financial crisis, according to new data from the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) and the Office of the Superintendent of Bankruptcy (OSB). More than 37,000 Canadians reportedly filed for insolvency during the first three months of 2026 alone – averaging roughly 17…
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TD Says GTA Condo Market Is Facing a Potential 1990s-Style Meltdown
Canada’s largest condo market is continuing to face mounting pressure, and a new outlook from TD Economics suggests the downturn may last much longer than many buyers and investors expected. According to TD Economics, the Greater Toronto Area condo market is experiencing one of its weakest periods in years, with falling prices, collapsing sales activity,…
Canada Housing Market 