Tag: politics
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Canada Has Fallen From 2nd To 19th In Global “Best Countries” Ranking Since 2016
Canada has dropped to 19th place in the latest global “Best Countries” rankings published by U.S. News & World Report – a major decline from its 2nd place ranking in 2016. The rankings evaluate countries across a wide range of categories, including: Canada received an overall score of 69.5 out of 100 in the latest…
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Canada’s Federal Debt Could Reach $2.9 Trillion by 2030
Canada’s federal debt is projected to reach nearly $2.9 trillion by 2030, according to a new analysis highlighted by the Fraser Institute following the federal government’s latest fiscal update. The projection comes as the federal government forecasts another large deficit this year, with additional deficits expected over the coming years. Canada Is Projecting Another Major…
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Nearly 1 in 6 Canadian Millennials Still Live With Their Parents
Canada’s housing affordability crisis is creating a major generational divide, with new data showing Millennials are far more likely to live with their parents than previous generations were at the same age. According to Statistics Canada data highlighted by Better Dwelling, 16.3% of Canadian Millennials aged 25 to 39 lived with their parents in 2021,…
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Canadian Wealth Inequality Is Growing as Rich Households Buy Stocks and Lower-Income Households Take on Mortgage Debt
Canadian household wealth increased last year, but new data suggests the gains were not evenly shared. According to Statistics Canada data highlighted by Better Dwelling, average household net worth rose in Q4 2025. However, the biggest gains went to the wealthiest households, while lower-wealth households took on mortgage debt at a much faster rate. Household…
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Canada’s Aging Population Could Create a Major Housing Shift by 2030
Canada’s housing market may be heading for a major demographic shift. As the country’s population ages, more homes could eventually move through the market because of downsizing, inheritance, estate sales, or seniors transitioning into different types of housing. But the shift may not happen quickly. According to CMHC, many older Canadians are staying in their…
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4.5 Million Canadians Are Now Living Below The Poverty Line
Canada’s cost-of-living crisis is still showing up in the data. New Statistics Canada numbers show that 11.0% of Canadians lived below the poverty line in 2024, representing approximately 4.5 million people. That is almost unchanged from 2023, when the poverty rate was 11.1%. The data suggests that while inflation has cooled from its peak, many…
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Renovation Scams on the Rise in Ontario as Warmer Weather Approaches, Police Warn
Homeowners across Ontario are being urged to stay alert as renovation scams begin to increase heading into spring. Hamilton Police Service has issued a warning about a rise in aggressive contractors and door-to-door scams, with fraud cases reported throughout the winter and expected to increase as temperatures rise. Door-to-Door Scams Target Homeowners According to police,…
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Canada’s Household Debt Crisis: Now 2nd Highest in the OECD
Canada’s household debt problem is no longer just a concern. It is now among the worst in the developed world. New data from the Organisation for Economic Co-operation and Development (OECD) shows Canada has climbed to 2nd place among OECD countries for household debt relative to GDP, sitting at approximately 103% of GDP. Only Switzerland ranks higher. This puts…
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Ontario Removes HST on New Homes for One Year in Major Housing Affordability Push
The Ontario government is introducing a major, time-limited tax break aimed at cooling affordability pressures and stimulating new home construction across the province. Premier Doug Ford announced that the province will temporarily eliminate the 13% Harmonized Sales Tax (HST) on new homes for eligible buyers over a one-year period, starting April 1, 2026. The move…
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Bank of Canada Warns the Next 5 Years Could Be Turbulent
Canada’s economic outlook is entering a new phase of uncertainty, and it could have direct implications for the housing market. In a recent address, Carolyn Rogers of the Bank of Canada warned that the country is facing long-term structural changes that will be difficult to manage and could reshape the economy for years to come.…
Canada Housing Market 