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Posted by: Michael Greene
Canada’s Housing Gap 2035 – What You Need to Know The latest report from the Parliamentary Budget Officer (PBO) sheds light on the country’s housing crisis—and the numbers aren’t encouraging. Despite government efforts to slow demand through reduced immigration targets, Canada is still projected to be short nearly 700,000 homes by 2035. Let’s break it […]
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Canadian Economy Tariff Impact Hits Growth Statistics Canada’s Q2 GDP numbers show the Canadian economy tariff impact was stronger than expected, with the economy shrinking by -1.6% at an annualized rate. That’s worse than what most experts predicted, driven mainly by a sharp 26.8% drop in exports. Business investment also weakened, especially in equipment spending, […]
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A consumer proposal credit report shows a note in the legal/public records section indicating the proceeding type and dates. It won’t haunt your credit forever—but it can feel that way if old notes linger on your file. If you’ve completed your proposal and are ready for a mortgage renewal or new credit, you deserve a […]
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The mortgage industry supports Habitat for Humanity in a powerful new partnership aimed at tackling Canada’s housing affordability crisis. Mortgage Professionals Canada (MPC) has pledged $100,000 and volunteer support to help build 10 homes across the country. This collaboration unites two organizations committed to improving access to affordable housing. It also gives mortgage brokers a […]
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A Big Boost for Ontario Businesses Ontario’s manufacturing sector is getting a much-needed lifeline. Premier Doug Ford has announced a $1 billion emergency loan program to help companies in the auto, steel, and aluminum industries. These businesses have been hit hard by U.S. tariffs. This is the first step in the province’s $5 billion Protect […]
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The Air Canada flight attendants dispute is quickly escalating, and it could affect thousands of travelers this week. Negotiations between Air Canada and the Canadian Union of Public Employees (CUPE) — representing about 10,000 flight attendants — have reached a breaking point. Here’s a simple breakdown of what’s happening, what it means for your travel […]
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The Greater Toronto housing market roared back to life in July, recording its busiest month in four years. After months of hesitation and economic anxiety, buyers finally jumped back in—but for how long? According to the Toronto Regional Real Estate Board (TRREB), sales jumped 10.9% year-over-year, with 6,100 homes changing hands. It’s a remarkable shift—but […]
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Let’s be candid: If you bought a home during the pandemic rush, especially in one of Canada’s “boomtowns,” you might be feeling the pressure today. A growing number of homeowners are finding themselves in a tough spot — owing more on their mortgage than what their home is currently worth. What happened? When COVID-19 hit, […]
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Looking for extra income, space for loved ones, or a creative way to add housing? Prefab backyard homes might be the solution you’ve been waiting for. With faster build times, lower costs, and growing government incentives—this once “alternative” idea is now going mainstream. Let’s break down why prefab homes and secondary suites are on the […]
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The Canadian government wants to help people buy new homes by giving a GST rebate, which means buyers get some tax money back. But, there’s a big question: How much will it cost? The government says $3.9 billion over five years, but another group thinks it’ll be about $2 billion. That’s a big difference! What Are Canada’s […]
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