affordability Archives - Mortgage Rates & Mortgage Broker News in Canada

Cranes are seen above a condo development

Home construction must double over next decade to restore 2019 affordability: CMHC

June 19, 2025 No Comments

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.

A new report suggests Canadian renters continue to face affordability challenges

Affordability challenges still plague renters despite falling prices: report

June 19, 2025 No Comments

A new report suggests Canadian renters continue to face affordability challenges even as asking rent prices have fallen this year, while those considering the leap to home ownership are taking a wait-and-see approach.

Houses for sale in a new subdivision in Airdrie, Alta.

Ottawa’s GST rebate on new homes would save typical first-time buyer $27K: PBO

June 11, 2025 No Comments

An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa’s latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.

estate cottages and townhouses under construction

Ottawa has to allow home prices to fall to make housing more affordable, experts say

May 24, 2025 2 Comments

Housing experts are pushing back against a federal cabinet minister’s recent claim that home prices don’t need to go down in order to restore housing affordability.

Metro Vancouver housing figures underscore massive gap in affordable units

April 28, 2025 No Comments

The latest housing report from Metro Vancouver underscores the significant gap between current affordable rentals and the number of units required to prevent more people from falling into homelessness, the head of the BC Non-Profit Housing Society said as the district released its data Friday.

Carney pledges to cut GST for first-time buyers of homes under $1M

March 20, 2025 7 Comments

Prime Minister says move will save Canadians up to $50,000 and boost housing supply amid affordability crisis

Home affordability improves, but still challenging for many Canadians: RBC report

December 21, 2024 No Comments

Home affordability in Canada is improving, according to a new RBC Economics report, but strains remain.

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

Housing unaffordability still rising despite billions in government measures: PBO

December 12, 2024 No Comments

The number of Canadians in need of affordable housing is still rising despite billions in federal spending to tackle housing affordability, the parliamentary budget officer said in a new analysis published Thursday.

European housing solutions to affordability crisis

What European housing models could do for Canada’s affordability problems

November 3, 2024 No Comments

Housing experts who have long promoted moving new home construction from suburbs to urban centres are calling for a similar approach to policy, saying several ideas currently percolating on the fringes of society in Canada have proven successful elsewhere and deserve a more central place in the national conversation.

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