Here’s how much you need to earn to afford a home in Canada’s major cities

Here’s how much you need to earn to afford a home in Canada’s major cities

The income Canadians need to afford a home fell between August and September across all major housing markets except one, according to Ratehub’s latest affordability report.

Ratehub, an online financial comparison platform, ranked 13 of Canada’s cities according to housing affordability by calculating the minimum annual income needed to buy an average home with a 10 per cent down payment, a 25-year amortization, $4,000 in annual property taxes and a monthly heating bill of $150.

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Food bank visits rise to 2.3M a month as grocery costs go up, report says

Food bank visits rise to 2.3M a month as grocery costs go up, report says

A new report from Food Banks Canada says the number of Canadians struggling with food insecurity continues to grow, as food bank visits hit a new record of more than 2.3 million in March.

The non-profit organization’s latest HungerCount report, released Wednesday, says the cost-of-living crisis and economic pressures are weighing heavily on nearly 10 million Canadians experiencing food insecurity.

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Canadians quickly falling behind on their mortgages: Benchmark Canada

Canadians quickly falling behind on their mortgages: Benchmark Canada

Canadians have a reputation for paying their mortgages on time, but more homeowners are falling behind, a potential warning sign for the country’s housing market.

Canada has the second-lowest mortgage arrears rate in the G7, but the share of homeowners who fell seriously behind on payments has doubled from its 2022 low, according to Benchmark Canada.

That’s the steepest rise in the G7.

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If low-income Canadians are earning more, why are food banks busier than ever?

If low-income Canadians are earning more, why are food banks busier than ever?

Despite low-earning Canadians’ disposable income rising in the last decade, food bank usage has reached record numbers; though counterintuitive, there might be a measurable explanation for this.

According to data from the food professor’s, or Sylvain Charlebois’, agri-food lab at Dalhousie University, the lowest-earning 20% of households’ disposable income has actually increased by 43% in the last decade.

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Canadian housing policy wants you to live in shoebox condos in the middle of nowhere

Canadian housing policy wants you to live in shoebox condos in the middle of nowhere

Jane Jacobs was wrong. So suggests the drift in government housing policy toward community-killing high-rises. The urbanist who fought for low-rise living in townhouses and apartment blocks didn’t believe livable communities existed high in the sky. Today’s decision-makers beg to differ.

Passé are eyes on the street, as is economically mixed and human-scaled density, defined by street-centric neighbourhoods where residents easily walk to local shops, entertainment, transit and civic spaces.

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1 in 3 food banks, shelters forced to turn away people due to demand: survey

1 in 3 food banks, shelters forced to turn away people due to demand: survey

Even as more Canadians turn to them for help, food banks and shelters say they’re struggling to keep up with a new survey showing some are having to turn people away.

The State of Food Charity in Canada, produced by the National Network of Non-Profits and conducted by Ipsos, shows 89 per cent of non-profits across the Second Harvest network saw an increase in demand for food in the past year.

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FINLAYSON: Carney’s ‘500,000’ housing starts target more fantasy than reality

FINLAYSON: Carney’s ‘500,000’ housing starts target more fantasy than reality

The Carney government says it wants housing starts in Canada to double to 500,000 per year within the next several years.

At first glance, it’s an odd goal for the government to embrace. More than four-fifths of the existing residential housing stock in Canada consists of “market housing” — units constructed by developers and homebuilders guided by market-based signals. These signals include housing demand and business objectives such as making a profit, keeping the firm’s workers employed, etc.

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More GTA tenants falling behind on rent as housing costs outpace incomes

More GTA tenants falling behind on rent as housing costs outpace incomes

Across the GTA, organizations that support people struggling to pay rent say demand for assistance is reaching unprecedented levels, as rising housing costs and stagnant incomes leave more households behind.

Data from Ontario’s Landlord and Tenant Board shows applications to evict tenants for non-payment of rent (L1s) have been steadily increasing, rising from 37,690 L1 applications in 2022-23 to 41,386 in 2023-24 and 45,435 in 2024-25 — an increase of about 20 per cent in three years.

These eviction for non-payment filings now account for roughly half of all applications received by the board.


The GTA voted Liberal last election.

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Canadian Rents Surged 20%, But the BoC Can’t Explain How It Started

Canadian Rents Surged 20%, But the BoC Can’t Explain How It Started

Rental prices in Canada have been driven by more than just population growth. A new Bank of Canada (BoC) research paper breaks down the factors that can explain the recent surge in 1 bedroom rents from 2020 to 2026. They found that financing costs made a big contribution to higher rents, especially when rates began rising. However, the researcher still couldn’t determine what drove the initial surge at the start of 2020, before the drivers we all accept as the reason, began to appear.

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Toronto and Vancouver ranked among the weakest real estate markets in the world.

Toronto and Vancouver ranked among the weakest real estate markets in the world.

Toronto went from the strongest real estate market in the world to one of the weakest in a span of four years, with a new report finding housing prices in the city have fallen by around 30 per cent since peaking in 2022.

UBS, a global wealth management firm, published its annual Global Real Estate Bubble Index on Monday, tracking residential prices across 23 cities worldwide, like Amsterdam, Dubai, New York City, and Tokyo.

The report delved into housing price trends, what kind of housing bubble risk these cities are facing, how long it takes to buy a 650-square-foot apartment on an average income, and how the cost of homeownership compares to rent for comparable homes.

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Nearly 1 in 4 Canadian households live in unaffordable housing, StatCan says

Nearly 1 in 4 Canadian households live in unaffordable housing, StatCan says

Housing affordability just worsened for a growing share of Canadians, new data from Statistics Canada shows.

Nearly one in four (23.2 per cent) Canadian households were living in unaffordable housing in 2024, compared to 22 per cent in 2022, Statistics Canada said in a report on Monday.

Statistics Canada defined households living in “unaffordable” housing as those that spent 30 per cent or more of their income on shelter costs

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The Corporate Takeover of Canada’s Apartments Is Worse than You Think

The Corporate Takeover of Canada’s Apartments Is Worse than You Think

Driving around Herongate in Ottawa, I saw the usual signs of a low-income neighbourhood: social housing, worn apartment buildings, modest townhomes. I parked at the plain, low-rise community centre and followed the handwritten “Tenants Meeting →” signs on the cinder-block walls, carried along by lively chatter that led me to a room full of people. Residents had gathered because they were being evicted from their homes. One hundred and five families were at risk—more than 500 people.

The space was packed: elders, parents, young people, children, able-bodied and disabled alike. Later, I would learn that 93 percent of the community was racialized, with roots in Africa, the Arab world, and Asia. This was the most diverse neighbourhood I had ever visited in the city, and its residents were being displaced by Timbercreek—a financial firm dressed up as a landlord, with close to $12 billion under management.


I agree Canada’s rental property market is being exploited, but the Walrus is so left it ruins an important story by crying Capitalist racism at every turn rather than speak to real causes like the LPC’s exploitation of immigration policy.

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