housing affordability Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

Fading West factory in Buena Vista, Colo.

In Canada’s housing crisis, are modular homes a cheaper and faster solution?

May 17, 2025 No Comments

When a church in Toronto’s west end was converted into affordable housing nearly 15 years ago, the group behind the project was already thinking ahead.

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.

Mortgage Digest: Why fixed rates could drop further despite rising bond yields

April 11, 2025 No Comments

Canadian bond yields have swung sharply in recent weeks, adding uncertainty to the outlook for fixed mortgage rates.

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

high housing costs are restricting population mobility in the country

Soaring housing costs limiting population mobility across Canada: CMHC

January 30, 2025 No Comments

Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in the country, as Canadians are finding that it’s too pricey to buy or rent in cities where they seek jobs.

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.

Halifax mayor says city is past the worst of its housing crisis, advocates disagree

December 17, 2024 No Comments

The worst of Halifax’s homeless crisis is over, says the city’s new mayor, who wants to see encampments closed as quickly as possible — even as homelessness advocates vigorously disagree that the situation is improving.

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.

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