Canada needs 300,000 new rental units to avoid gap quadrupling by 2026: report
Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday.

Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday.
The Canadian real estate market has been sluggish since last year, when prospective buyers started putting off plans to purchase homes as the Bank of Canada aggressively hiked interest rates eight consecutive times. But realtors see many edging toward a purchase once more.
As average home prices begin to stabilize in Canada, a new report is showing where Canadians are paying some of the lowest homeownership costs. CTVNews.ca has put together a list of homes currently on the market in these areas.
From single parents on the hunt for a place to raise their children to millennials just wanting a rental that won't cost most of their salary, these are stories of how Canadians are being priced out from coast to coast.
The Canadian Real Estate Association says homes sales in February dropped 40 per cent compared with a year ago.
As economic conditions make it harder to qualify for a mortgage, Canadians are increasingly looking to alternative lenders, particularly amid interest rates. CTVNews.ca looks at why Canadians are seeking private lenders and the potential benefits and risks attached to them.
You can live like American royalty in the capital kingdom of Washington, D.C. For just US$26.5 million.
Two national housing groups are calling on the Northwest Territories to declare a state of emergency for housing Indigenous people, particularly women and girls.
As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new report released by Mortgage Professionals Canada on Tuesday.
Even with a much cooler housing market, 2023 may still present opportunities for both buyers and sellers in Canada, one real estate broker says.
Regardless of whether or not the country sees a recession in the near future, it’s still a good idea to create a financial action plan to help mitigate your risks. Personal finance contributor Christopher Liew shares some practical tips to help you and your family prepare.
From the rivers, valleys, and natural beauty of Saguenay, Que., to the bustling bayside city of Saint John, N.B., contributor Christopher Liew highlights the cities that offer Canadians the best value on their real estate investment.
Keeping up with a monthly mortgage payment is becoming more difficult by the year. When combined with increasing inflation rates, owning a home has caused some Canadians to struggle with making their payments. Contributor Christopher Liew shares some practical, simple tips to help you pay your mortgage so you don't find yourself falling behind.
Many Canadians are questioning whether or not it's the right time to purchase real estate. Contributor Christopher Liew breaks down the factors to keep in mind if you plan on shopping for real estate in the near future.
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher Liew offers some strategies to consider if you can’t afford the housing market yet.
Prices have been easing slightly recently, but affording a mortgage is still a very difficult task for many Canadians. How much of a mortgage can you afford? Contributor Christopher Liew breaks it down in an exclusive column for CTVNews.ca.
Amid a series of interest rate hikes recently implemented by the Bank of Canada, some homeowners may be concerned about keeping up with their mortgage payments. For those who are worried about being able to afford their home, experts say there are a number of tools available to help, including mortgage deferrals and debt restructuring.
Canadian landlords were asking for less money in January than they were in December, but significantly more than they'd charged at this time last year, according to a recently released report.
Many Canadians have continued to see an increase in their rental rates in 2023. In an column on CTVNews.ca, personal finance contributor Christopher Liew explains how to calculate how much rent you can afford.
Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said.
A new report by rental platform Zumper on median rent prices in Canada shows that Vancouver continues to be the most expensive city the country.
Finding an affordable place to live in the territories, where housing has long been a challenge, is getting even harder, the Canada Mortgage and Housing Corporation suggested in a report released in December. In Yellowknife, the report said, the growing senior population, urbanization and strong labour market has pressured the housing supply.
With Canada's already-hot rental market expected to come under even more pressure in 2023, experts say tenants should guard against 'renoviction' by educating themselves about their rights.
New data shows that the average monthly cost to rent a home in Canada rose to a record $2,024 in November, and experts say the trend does not show signs of stopping soon.
Applications are now open for low-income renters looking to access the one-time top-up to the Canada Housing Benefit that will see those eligible receive an additional $500. Here's what you need to know.