Taking out a 30-year mortgage can cut your monthly payment by roughly $276 on a $600,000 loan at 4.50% compared to a standard 25-year term. That sounds like relief for anyone struggling with Canada’s housing costs. But that same decision adds around $99,000 in extra interest over the life of the mortgage, and after five years of payments, you’ll have
At the end of December 2025, there were 133,495 properties listed for sale across Canada — up 7.4% from a year earlier but still below what’s normal for that time of year. That mismatch is the first clue about why some listings sit too long while others sell in days. The national average home price sat near $653,000, and the
More than 17% of Canadians now share housing to manage rising costs, and roommate listings have surged 42% this year alone. That means more people are signing leases with friends, partners, or strangers — and most have no idea what they’re legally agreeing to. If one person misses rent, the others are on the hook for the full amount under
Detached homes made up just 18% of new housing starts in Ontario as of 2025, down from roughly 50–60% two decades ago. That shift is reshaping what Canadian families can actually buy. With land running out in cities like Toronto, Mississauga, and Vaughan, and government policy pushing density, the traditional single-family home is no longer the default option for most
Vancouver’s vacancy rate hit 3.7% in 2025 — the highest level in 30 years. Across the country, the average asking rent fell to $2,030 in February 2026, marking the 17th consecutive month of year-over-year declines. After years of near-zero vacancy and relentless rent hikes, the Canadian rental market has flipped. New units sit empty for months, landlords offer free months
In June 2026, the national average home price sat at $696,078, but that single number masks a market where five provinces posted all-time price records while others kept sliding. For buyers trying to figure out which neighbourhood is gaining ground, the national figure is close to useless. What matters is reading the local signals — the kind of construction happening,
In Ottawa, buyers now routinely review 5, 10, or even 15 listings before making an offer. That’s a complete reversal from the 2020–2022 market, when homes were snapped up in days. This shift isn’t limited to one city. Across Canada, the same pattern is emerging: more inventory, less urgency, and buyers who are taking their time to compare, negotiate, and
Two houses, same city, same square footage, built in the same decade — one sells for £350,000, the other for £550,000. That kind of gap isn’t unusual in Canada, and it’s not about the kitchen upgrade. The national average home price hit roughly £667,700 in June 2026, down 4.1% from a year earlier. But averages hide what happens at street
Rental scams hit 1 in 3 Canadian renters in 2025, and the average financial loss climbed to $2,071.60 — up 21% from two years earlier, according to Better Business Bureau data. That single figure explains why more tenants are now treating their phone camera as a protective tool, not just a convenience. Fake listings, privacy violations, and deposit disputes don’t
Up to 13 months’ rent as compensation for a bad-faith eviction. A 7-day notice period for non-payment instead of 14. And fines that have doubled to $100,000 for individual landlords and $500,000 for corporations. These aren’t proposed ideas — they’re law, with most taking effect in 2026. For anyone who owns rental property in Canada, the list of things you
Picture this: you and a friend sign a lease together for a two-bedroom apartment in Toronto. Three months in, your friend loses their job and stops paying rent. The landlord comes to you for the full amount — not half, the whole thing. Can they do that? In Ontario and most of Canada, yes. When two names are on a
A buyer who signs a contract on a newly built Canadian home between now and 2031 could save up to $130,000 in tax rebates — a figure that is pulling people who would normally default to older resale properties into the new construction market instead. That kind of saving changes the usual math about which option actually costs less over
