Tag: #TorontoRealEstate
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Here’s the Minimum Salary Needed to Afford a Home in Toronto Right Now
Despite record listings and slowing sales, housing affordability in Toronto continues to worsen, according to a new report by Ratehub.ca. Based on May 2025 average home prices and current mortgage rates, a household would need to earn $206,500 annually to afford a typical home in the city. Toronto Home Prices Still Among the Highest in…
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Average Asking Rents for Two-Bedroom Apartments Across Canada – June 2025 Update
A new dataset from Statistics Canada and the Canada Mortgage and Housing Corporation (CMHC) provides a fresh look at average asking rents across Canada. The first quarter of 2025 reveals key differences between Canada’s largest cities and smaller, more affordable markets- many of which are experiencing rapid rent inflation. Canada’s Most Expensive Rental Markets In…
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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…
Canada Housing Market 