3 h. ago Canada’s housing market is ‘cracking’ under Trump’s trade war: report

The sharpest pullback in people getting into the housing markets has been in southern Ontario and British Columbia, RBC economist Robert Hogue said.

Economics

6 h. ago Mortgage rates at 3% or lower the magic number to reignite Canada’s housing market

Many potential homeowners don't have a lot of wiggle room when it comes to what they are comfortable paying

Events

49 h. ago High morgtage payments, downpayments keep buyers out of housing market: Survey

“Like sucking the oxygen out of a room, rising housing costs in Canada leave little left for consumers to spend in the overall economy"

Other

49 h. ago High morgtage payments, downpayments keep buyers out of housing market: Poll

“Like sucking the oxygen out of a room, rising housing costs in Canada leave little left for consumers to spend in the overall economy"

Other

52 h. ago Trump ahead of Carney meeting: Why is U.S. ‘subsidizing’ Canada?

Donald Trump appears to have one question for Mark Carney. The U.S. President is set to meet Canada’s freshly elected prime minister at the White House on Tuesday for the first meeting between both leaders. And it appears that Trump wants to know why his country is “subsidizing” Canada to the tune of $200 billion […]

Transport

60 h. ago 1 in 3 Canadians say down payments are blocking homeownership

TORONTO and MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) — As rent prices outpace inflation and wages lag, one-in-three (32%) Canadians say saving for a down payment is the biggest barrier keeping them out of the housing market, according to a new survey from CPA Canada and BDO Debt Solutions. Another 30 per cent of Canadians […]

Other

3 d. ago More Canadians are holding back on buying homes amid recession fears

Rising concerns about Canada plunging into a recession are deterring prospective homebuyers, according to a new report.The BMO Financial Group released its latest Real Financial Progress Index on Monday, revealing that many Canadians are taking a "wait and see" approach as the possibility of Canada descending into an economic recession increased from 60 per cent to 74 per cent from March to April 2025."Canada's housing market remained under pressure heading into the spring, with sales and prices both weakening further," said Robert Kavcic, senior economist at BMO Capital Markets."There is some clear underlying weakness as inventory builds and investors remain absent. Suffice it to say, homebuyers are losing confidence and motivation, especially in areas of B.C. and Southern Ontario."The BMO survey examined how concerns about the economy have impacted prospective homebuyers' decisions.It found that over two-thir...

Other

4 d. ago How Mark Carney’s first White House visit could shape Canada’s economic future

Tuesday's meeting could provide insights into Trump's plan for what was once one of the most stable and friendly bilateral relationships in the world

Transport

6 d. ago Canada is further tightening immigration rules to combat housing crisis

The nation's new prime minister, Mark Carney, has announced the Liberal government;s plan to cap the number of international students and temporary foreign workers further.This step will help "ease strains" on housing in Canada.Carney shared several updates during a press conference on Friday morning:Federal trade barriersFederal barriers to internal trade will be removed by July 1 to "unleash the full potential of Canada.""We will work with provinces, territories and indigenous groups to identify projects that are in the national interest, projects that will connect Canada, deepen our ties with the world, and grow our economy for generations," he said."We'll make the Canadian government a catalyst for these projects, not an impediment, and we'll always be guided by our condition."Housing in CanadaMany housing initiatives were also announced, including establishing a plan called "Build Canada Homes,"&n...

Other

8 d. ago Doug Ford, Tim Houston defend decision to not help federal Tories during election

'I think the Conservative Party of Canada was very good at pushing people away,' said Houston

Politics

9 d. ago Opinion: Calgary is Canada’s housing engine, and we need to do more

You’ve likely heard that Calgary is growing at a record pace. As Calgarians, you likely feel it — when you take your kids to the leisure centre or when you’re driving or training to work, our city feels “busier.” That’s because 91,000 net new people moved to Calgary in the past year, and 83,000 the […]

Other

1 week ago Trading card hobby in Canada impacted by mounting trade war centred around U.S.

MISSISSAUGA — The international trade war started by U.S. President Donald Trump has complicated collecting trading cards in Canada. Several facets of the hobby have been impacted by the shifting web of tariffs between Canada, China, and the United States, with distributors, retailers, resellers, auction houses and collectors riding the highs and lows. Jeff MacDougall, […]

Economics

1 week ago Why experts say federal election housing platforms are varying degrees of unrealistic

From the Liberal plan to double the pace of homebuilding to the Conservative plan to build 2.3 million homes over next five years, policies fall short

Politics

1 week ago Housing still a top priority for voters in upcoming federal election

More than half of Canadians said that a party or candidate's housing policies will influence their vote

Politics

1 week ago Canada’s national housing strategy remains ‘under construction’

Robert McLister: Any improvements in housing affordability in recent years have happened despite the government's plan

Society

2 w. ago Here's the salary you need to earn to afford a home in Toronto right now

It may be one of the worst times in years to try and sell a home in Toronto, but conversely, those in the market to buy a property may be able to land themselves somewhat of a deal (relative to the city's infamously ludicrous prices, that is).Prices are finally starting to erode in the face of a terribly stagnant market, most notably in the condo sector, where fewer units are changing hands than ever in the last three decades.According to the latest data from the Toronto Regional Real Estate Board (TRREB), the average price of the typical GTA condo fell 2.6 per cent from March 2024 to the month prior, while the average price of a home of any type is down a similar 2.5 per cent over the same period.Sales have dropped a staggering 23.1 per cent year-over-year, while active listings have shot up 88.8 per cent, giving buyers the advantage of choice and negotiating power.As such, along with a Bank of Canada mortgage rate cut in March, the annua...

Other

2 w. ago How a business on the border line is seizing opportunity in a trade war

As trade tensions between Canada and the United States simmer, one small company operating on the border may be seeing opportunity in the uncertainty.

Economics

2 w. ago Federal report offers dystopian outlook on what Canada will become by 2040

In a future Canada imagined by the federal government's policy researchers, the dream of building a better life through hard work and education is all but dead.A new foresight report warns that by 2040, upward social mobility could become a relic of the past, with wealth and opportunity increasingly inherited rather than earned.The scenario outlines a country where rising inequality, inaccessible housing, and a broken promise of meritocracy leave younger generations disillusioned, disconnected, and doubtful that effort alone can improve their lives.According to the report released in early 2025 by Policy Horizons Canada — the Government of Canada's in-house think tank that has a mandate to "empower" the federal government with "a future-oriented mindset and outlook to strengthen decision making" — six shifts are driving this decline, based on the trajectory the country is currently following."Society increasingly resembles an aristocracy&...

Culture

2 w. ago Unpacking the Bank of Canada’s pause: FP Video talks to the economists

Watch analysis on Canada's energy outlook, the housing market and more

Other

3 w. ago Borrowers left waiting for more relief after Bank of Canada holds

The benchmark prime rate stuck at 4.95%

Other