Housing Affordability

• Housing affordability still strained despite improvements in 2024: report

  National Bank of Canada said in its report that the third quarter of the year marked the third consecutive improvement in housing affordability.

  Money

  Nov 13
  
• Bank of Canada official warns about dangers of ‘tinkering’ with mortgage rules

  The Bank of Canada's Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time.

  Money

  Nov 6
  
• Advertisement
• As homeownership plummets, young Canadians are moving in with family: poll

  Some 26 per cent of Canadians aged 18 to 34 own a home today, down from 47 per cent in 2021, according to new Scotiabank polling released Tuesday.

  Money

  Oct 29
• Advertisement
• Canada’s condo supply is surging — and it’s not just in Toronto

  Re/Max Canada said in its national condo outlook released Wednesday that listings in this segment of the market have 'soared' in recent months, opening a door to first-time buyers.

  Money

  Oct 9
• Not all young Canadians have given up buying a home. Here’s why

  The majority of young Canadians still feel homeownership is an achievable goal, according to new polling released Tuesday from Royal LePage.

  Money

  Oct 1
• Big city housing starts near highest levels in 34 years. Is it enough?

  Canada's homebuilders picked up the pace in the first half of 2024, but CMHC warns it won't be enough to restore affordability amid a booming population.

  Economy

  Sep 26
• Ottawa to expand 30-year amortizations, raise insured mortgage cap

  Finance Minister Chrystia Freeland announced proposals Monday to expand the availability of 30-year amortizations and to raise the price cap for insured mortgages.

  Money

  Sep 16
• Homebuying outranks wedding planning for Canadian youth, RBC survey says

  Many Canadian youth are prioritizing saving for a home over other expenses and milestones like travelling or getting married, a new RBC survey shows.

  Money

  Aug 21
• Advertisement
• Liberal plan for 30-year mortgage amortizations kicks in. Here’s who qualifies

  Some first-time homebuyers will now be able to extend amortizations on their insured mortgages out to 30 years. Here's what experts say about the affordability impact.

  Money

  Aug 1
• Advertisement
• Canada’s average rents just saw their biggest drop in 3 years

  The latest rent report from Urbanation and rentals.ca for June shows the average asking rents across all property types fell 0.8 per cent from May, down to an average of $2,185.

  Money

  Jul 9