Tag: real estate
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How Much Income You Need to Buy a Starter Home in Ontario in 2026
Buying a first home in Ontario has become more realistic than it was during the height of the pandemic housing boom, but affordability remains a major hurdle for many buyers. While home prices have moderated in several markets, higher mortgage rates continue to make qualifying for a home more challenging than many first-time buyers expected.…
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Canada’s Housing Market Outlook Just Changed. Here’s What Buyers Need To Know
Canada’s housing market outlook has shifted again. The Canadian Real Estate Association (CREA) has released its latest forecast for 2026 and 2027, painting a more cautious picture for home sales and price growth than it did just a few months ago. While affordability has improved in many parts of the country, economic uncertainty, slower population…
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Here’s How Much Your Monthly Mortgage Payment Has Changed Since Interest Rates Peaked
Mortgage rates may still feel high compared to the ultra-low rates of 2021, but borrowing costs have improved significantly from their recent peak. After the Bank of Canada aggressively raised interest rates to fight inflation, many Ontario buyers hit pause on their home search. Today, with the Bank of Canada’s policy rate sitting at 2.25%,…
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Ontario Cities Where Homebuyers Have The Most Negotiating Power Right Now
Ontario’s housing market has shifted dramatically over the past two years, and buyers are finding themselves in one of the strongest negotiating positions they’ve had in years. With inventory levels climbing, homes spending longer on the market, and more sellers accepting offers below asking price, many Ontario cities have become buyer-friendly markets. Here’s where homebuyers…
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Canada’s Housing Market Has Now Seen Its Largest Price Correction In History
Canada’s housing market has experienced one of the most dramatic booms in history, and according to new data, it’s now experiencing its largest correction on record. New figures from the Bank for International Settlements (BIS) show national home prices have fallen significantly since peaking in early 2022. Once inflation is factored in, prices have dropped…
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The Cheapest Places to Retire in Canada Based on Housing Costs
Retirement looks a little different for everyone, but one thing almost every Canadian retiree has in common is wanting to make their money go further. With housing remaining one of the biggest expenses for Canadians, many retirees are choosing to relocate to communities where they can buy a home for hundreds of thousands of dollars…
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Is Now Finally a Good Time to Buy a House in Ontario?
Ontario’s housing market has looked very different in 2026 than it did just a few years ago. After years of soaring prices, intense bidding wars, and record-low inventory, buyers are finally finding themselves in a stronger position. Home prices have softened in many markets, inventory has climbed, and sellers are becoming more willing to negotiate.…
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Ontario Cities Ranked From Cheapest To Most Expensive For Homebuyers In 2026
Ontario’s housing market looks very different than it did just a few years ago. While home prices remain elevated in many parts of the province, the correction that began in 2022 has created larger affordability gaps between Ontario’s most expensive and most affordable cities. Today, buyers willing to look beyond the Greater Toronto Area can…
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Calgary Is Becoming More Affordable For Homebuyers, But It Still Lags Other Alberta Cities
Buying a home in Calgary is becoming more affordable, according to a new report from Royal LePage. However, the city still trails several other Alberta markets when it comes to overall affordability. The report found that while housing costs have become more manageable over the past two years, Calgary remains outside Canada’s top 15 most…
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70% Of Canadian Renters Say High Rent Prices Are Their Biggest Housing Challenge, New Survey Finds
Canada’s rental affordability crisis continues to weigh heavily on renters, with a new national survey finding that high rent prices remain the biggest obstacle for the vast majority of people searching for housing. According to Rentals.ca’s Spring 2026 Renter Preference Survey, 70% of Canadian renters identified rising rent prices as the single biggest challenge in…
