In order to pay for a typical Ontario home, families earning the local median income need to devote more than 50% of their after-tax earnings to monthly mortgage payments if they live in the province’s 14 urban centers – and that share rises to more than 110% if they...
Cutting capital gains taxes on houses, cutting millions in consulting fees, and cutting out talk about property tax hikes. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 21-25. Hit and Miss: Right Words, Wrong...
The average Canadian family spent 42.3% of its income on taxes in 2024, according to a new study published by the nonpartisan Fraser Institute. The percentage spent on taxes is greater than the 35.5% allocated to housing, food and clothing combined. Last year, the...
Housing starts for the nationwide Canadian market totaled 214,155 units in March, down 3.3% from 221,405 units in February. According to Canada Mortgage and Housing Corporation (CMHC), housing starts were down 12.5% year-over-year in centers with a population of...
The average Canadian family spent 43% cent of its income on taxes in 2023, according to new data from nonpartisan think-tank Fraser Institute. Last year, the average Canadian family earned an income of $109,235 and paid in total taxes equaling $46,988. This level of...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
