Tag: RBC housing affordability
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A $110K Salary May No Longer Be Enough To Buy A Home In Toronto
A six-figure salary used to feel like a major financial milestone. But in some of Canada’s biggest housing markets, even earning around $110,000 a year may no longer be enough to comfortably buy a home. That is especially true in places like Toronto and Vancouver, where home prices remain high, mortgage qualification rules are strict,…
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How Far Have GTA Home Prices Fallen Since 2022? | GTA Real Estate Trends 2025
Toronto home prices have dropped sharply since their 2022 peak. Here’s a data-driven look at how far GTA prices have fallen for condos, townhomes, and detached homes.
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New Data Shows Ontario’s First-Time Homebuyers Are Now 40 Years Old
If you’re thinking it’s taking longer to break into the Ontario housing market, you’re not alone- and the stats back it up. The median age of first-time homebuyers in Ontario has jumped from 36 to 40 over the past decade, according to a recent Teranet report, a clear sign of how affordability struggles are reshaping…
Canada Housing Market 