Tag: politics
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Best Canadian Towns to Retire Without Going Broke – 2025 Guide
Retirement in Canada doesn’t have to mean financial stress or sacrificing your quality of life. Across Canada, there are affordable towns and cities offering retirees a blend of manageable living costs, solid healthcare access, scenic surroundings, and great community life. These picks are based on real data: housing prices, seniors’ infrastructure, and cost-of-living indices for…
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Bank of Canada Holds Interest Rate at 2.75% Amid Global Trade Uncertainty (July 2025 Update)
The Bank of Canada has announced it is holding its key policy interest rate steady at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. This decision comes in response to persistent global trade tensions, rising cost pressures, and slower economic growth both in Canada and abroad. 🔍 Why Is the…
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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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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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Alberta Tax Savings to Start in July 2025 Under New Income Bracket Shift
Starting next month, around two million Albertans will begin to see the effects of a new personal income tax system that the Alberta government says will help families better manage rising living costs. The new tax structure includes the introduction of an 8% tax bracket on the first $60,000 of income, which will not only…
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Canadians Are Spending Less Time With Friends – Especially Working Adults, Says StatCan
A new report from Statistics Canada reveals a concerning trend in Canadian social life: face-to-face friendships are declining, particularly among working-age adults. In 2022, only 19.3% of Canadians reported seeing friends on an average day, compared to 47.9% in 1986. The most dramatic drop occurred among those aged 25 to 64, whose likelihood of seeing a friend fell from 42% to just 14% over…
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Up to $50K in Savings: New GST Rebate for First-Time Canadian Home Buyers (2025)
If you’re a first-time home buyer in Canada, you may be eligible for a major new rebate that could save you up to $50,000 on your new home. On May 27, 2025, the federal government introduced the First-Time Home Buyers’ GST Rebate (FTHB GST Rebate)—a game-changing measure designed to make homeownership more affordable and accessible…
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Canada Needs to Double Home Construction to Restore Affordability by 2035, Says CMHC
CMHC: 4.8 Million New Homes Needed to Close Canada’s Affordability Gap In a newly released report, the Canada Mortgage and Housing Corporation (CMHC) says that Canada must double its current pace of housing construction to restore affordability levels last seen in 2019. That means building between 430,000 and 480,000 homes per year– both in the…
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Calgary Still Short 42,000 Homes Despite Record-Breaking Construction Efforts
Calgary may be leading Canada in housing starts, but it’s still nowhere near closing its housing gap. According to the city’s chief housing officer Reid Hendry, Calgary is on track to be short 42,000 housing units by the end of 2025, despite building more new homes than ever before. The update comes from Hendry’s latest…
Canada Housing Market 