Canada Housing Market

More Than 50% Of Non-Homeowners Losing Hope Of Buying First Home In Canada, According to MPC Survey

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Housing Affordability Crisis Grips Canada, According to (MPC) Mortgage Professionals Canada Survey Overview The housing affordability crisis in Canada is deepening, as revealed by a recent survey conducted by Mortgage Professionals Canada (MPC). The survey highlights the challenges faced by both non-homeowners and existing homeowners in the country, painting a bleak picture of the current … Read more

BC Gov Announced to Fund 3500 New Affordable Rental Homes

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BC Gov Announced to Fund 3500 New Affordable Rental Homes

In a bid to address the pressing need for affordable housing, the Province is reaching out to non-profit organizations, First Nations, municipalities, and other entities to submit proposals for the Building BC: Community Housing Fund (CHF). This initiative aims to bring new, affordable rental homes to individuals with moderate and low incomes. Expanding Access to … Read more

Devastating Blow to Canada’s Housing: 45K Construction Jobs Lost in July

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Devastating Blow to Canada's Housing: 45K Construction Jobs Lost in July

The Canadian construction sector faced a significant setback in July, shedding 45,000 jobs as indicated by the latest Labour Force Survey from Statistics Canada. This decrease of 2.8% from the previous month follows a more modest decline of 0.8% observed in June. Employment Trends In a span since January 2023, the construction employment landscape has … Read more

New Housing Crisis in Canada: Lack of Property Managers

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Why Property Managers are Essential for Canada’s Housing Market Canada is currently facing a new housing crisis that is not often discussed – a lack of property managers. As the demand for rental properties continues to rise, the number of qualified property managers is struggling to keep up. This shortage is having a significant impact … Read more

The Unprecedented Surge in Canadian Rent Prices: A Growing Predicament

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The Unprecedented Surge in Canadian Rent Prices: A Growing Predicament

Canadian renters have long bemoaned the incessant escalation of rental rates, yet the onset of July brought forth a historic pinnacle in the annals of the nation’s rental history. Freshly unveiled data from Rentals.ca and the esteemed research entity Urbanation unfurled a startling revelation: July bore witness to an average asking rent that soared to … Read more