Tag: Toronto housing affordability
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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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Toronto Rents Just Hit Their Lowest Level in Nearly 4 Years
Toronto’s rental market is continuing to cool, with new data showing prices have dropped to their lowest level in years. According to a new report from Rentals.ca and Urbanation, average asking rents in Toronto have fallen to their lowest level since May 2022, marking a 46-month low. Rents Continue to Decline Across Toronto The latest…
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How Much Do You Need to Earn to Afford a Home in Toronto vs Halifax vs Calgary?
The question of housing affordability is on every Canadian’s mind. Whether you’re considering a move across the country or wondering how your city stacks up, income requirements vary drastically depending on the housing market. Let’s break down how much you’d need to earn to afford an average home in Toronto, Halifax, and Calgary. Toronto: Canada’s…
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Toronto’s Homeless Population More Than Doubled Since 2021, New Report Finds
By Kaley Langille | July 20, 2025 Toronto’s homelessness crisis has escalated sharply, with the number of unhoused individuals more than doubling between 2021 and 2024, according to the city’s latest Street Needs Assessment. The survey, conducted in October 2024, estimates that over 15,400 people were experiencing homelessness in Toronto-up from just 7,300 in April…
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Toronto Now One of the Least Affordable Housing Markets in the World, Report Finds
Toronto has been ranked among the least affordable cities globally in the latest Global Cities Index by Oxford Economics. Experts say that without bold, immediate policy reform, the housing crisis will continue to push families and first-time buyers out of the market. Toronto Residents Spend More on Housing Than Almost Anywhere According to the 2025…
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The Average Toronto Household Now Spend 71% of Their Income on Housing – Up from 50% a Decade Ago
Toronto’s housing market has reached a critical point, with the average household now allocating approximately 71% of its pre-tax income to cover housing costs, including mortgage payments, property taxes, and utilities. This marks a significant increase from a decade ago, when households spent around 50% of their income on housing . The Escalating Cost of…
Canada Housing Market 