Tag: real estate
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Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
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Toronto Moves Forward on Citywide Upzoning for Sixplexes
Toronto is one step closer to legalizing sixplexes in residential neighbourhoods, after the city’s Planning and Housing Committee voted in favour of expanding multiplex permissions to allow five- and six-unit dwellings across low-rise areas. If adopted by full council later this month, this change would allow detached houses across the city to be redeveloped or…
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Downtown Calgary Adds 1,100 New Homes Through Office Conversions
Calgary is making big moves to tackle its housing needs while breathing new life into its downtown core. The city just approved 10 new office-to-residential conversion projects, which will bring 1,100 new homes and an estimated 2,000 new residents into the heart of the city. This latest round of development is part of Calgary’s broader…
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This Is How Much It Costs to Rent Across Canada Right Now
Rents across Canada are still high, but prices have cooled compared to last year’s record-breaking highs. According to the June 2025 Rentals.ca Rent Report (in partnership with Urbanation), the average asking rent in May was $2,129, down 3.3% from May 2024, when rents peaked at $2,202. 📉 National Snapshot, Rents Dip but Stay Elevated Long-Term…
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Edmonton Home Prices Are Up $80K in Just Two Years
Over the past two years, Edmonton’s housing market has seen a dramatic increase in home prices—rising by nearly $80,000. While other major Canadian cities continue to struggle with affordability, Edmonton is quickly becoming one of the most talked-about real estate markets in the country. 📈 How Much Have Edmonton Home Prices Gone Up? In May…
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How Wildfires Are Reshaping Canada’s Real Estate Market in 2025
As wildfires continue to make headlines across Canada in 2025, their influence is being felt beyond the forests and evacuation zones. Increasingly, the housing market is responding to these environmental challenges. From shifting buyer preferences to changing insurance premiums, wildfires are quietly reshaping the way Canadians buy, sell, and insure their homes. Here’s what homeowners…
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Toronto Real Estate Market Update – June 2025
The Toronto housing market is stabilizing in June 2025 as high interest rates, rising inventory, and shifting buyer demand cool what was once Canada’s hottest real estate scene. While some property types are seeing modest price declines, Toronto real estate remains expensive and competitive in key neighborhoods. 📊 Toronto Housing Prices – June 2025 According…
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Why Nearly 1 in 3 Canadians Are Retiring with Mortgage Debt
Nearly 30% of Canadians approaching retirement in 2025 will still carry mortgage debt. Discover why retirement is changing – and how downsizing, delayed homeownership, and rising costs are reshaping plans.
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Alberta Housing Prices Are Climbing- But Why Are Sales Dropping in 2025?
The Alberta housing market is experiencing a unique blend of rising home prices and declining sales activity, according to the latest reports from WOWA and New Homes Alberta. As of April 2025, market data shows that while prices are increasing, buyer activity has slowed significantly, leading to higher inventory levels and changing dynamics across the…
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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…
Canada Housing Market 