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.
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.
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.
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A tiny home in Brockville, Ont. that was built by at-risk youth sits empty in front of the building it was constructed in, waiting to find a permanent location.
Andrew Melchers, left, and Heather Brisebois discuss their options on a final destination for the tiny home. (Nate Vandermeer/CTV News Ottawa)
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.
While most markets are seeing home prices drop, not all regions are reporting the same level of decline. Here are some homes for sale in markets with the largest decreases in average home prices year-over-year.
(Visionary Visuals / Robert Kasowski, Open Door Property, Re/Max Escarpment Realty)
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.
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.
A woman in southern Ontario is making a plea to the public and kicking off a "long shot" search for her wedding dress after her father accidentally donated it earlier this year.
The new asylum seeker agreement between Canada and the United States will not deter migrants from trying to cross into Canada outside official ports of entry, Quebec immigration advocacy groups say.
New research has uncovered the stories of 19 members of the Canadian Expeditionary Force, who were involved in consensual relationships but were arrested and tried for what was then known as gross indecency.
After a day of meetings on Parliament Hill, U.S President Joe Biden and Prime Minister Justin Trudeau announced updates on various cross-border issues. CTVNews.ca breaks down Biden's first presidential visit to Canada, as it happened.
Short-term rental company Airbnb says it will pull listings that don't have a proper permit from the Quebec government. The San Francisco-based company made the announcement eight days after a fatal fire destroyed an Old Montreal building that housed illegal rentals.
Prime Minister Justin Trudeau's teenage daughter and son, Ella-Grace and Xavier, 'no longer access TikTok,' the father of three told reporters during a joint press conference with U.S. President Joe Biden in Ottawa on March 24.
Staring down a possible indictment, a defiant Donald Trump is hoping to put on a show of force Saturday as he holds the first rally of his 2024 presidential campaign in a city made famous by deadly resistance against law enforcement.
The Iran-backed Houthi rebels in Yemen said they were imposing severe restrictions starting Saturday on U.N. and other humanitarian flights arriving in the capital, Sanaa.
The Taliban government is trying to take charge of more Afghan embassies abroad, a spokesman said Saturday, amid their continued international isolation because of restrictions on women and girls.
Iran-backed fighters were on alert in eastern Syria on Saturday, a day after U.S. forces launched retaliatory airstrikes on sites in the war-torn country, opposition activists said. The airstrikes came after a suspected Iran-made drone killed a U.S. contractor and wounded six other Americans on Thursday.
Pope Francis on Saturday updated a 2019 church law aimed at holding senior churchmen accountable for covering up sexual abuse cases, expanding it to cover lay Catholic leaders and reaffirming that vulnerable adults and not just children can be victims of abuse when they are unable to freely consent.
Vice President Kamala Harris will try to deepen and reframe U.S. relationships in Africa during a weeklong trip that is the latest and highest profile outreach by the Biden administration as it moves to counter China's growing influence.
This past week, Parks Canada opened up its reservation system for the 2023 season, offering places to stay, hikes to take and national historic sites to visit across the country. According to three experts, here's where to travel this summer.
Japanese chef Tomoya Kawada has achieved a feat no other restaurateur has before; he's created the world's only three-Michelin-star Chinese restaurant in a non-Chinese-speaking city.
United States President Joe Biden is staying in Ottawa on his short trip north of the border, but the catering team from the National Arts Centre plans to take him on a cross-country culinary tour Friday evening.
Pride nights, held annually for several years by National Hockey League teams to show support for the LGBTQ2S+ community, are in the spotlight following several high-profile incidents this season.
Germany and the European Union announced Saturday that they have reached an agreement in their dispute over the future of cars with combustion engines, allowing the registration of new vehicles with such engines even after 2035 provided they use climate-neutral fuel only.
Utah's sweeping social media legislation passed this week is an ambitious attempt to shield children and teens from the ill effects of social media and empower parents to decide whether their kids should be using apps like TikTok or Instagram.
A new survey conducted by Research Co. found that the majority of Canadians support tying speeding tickets to income, otherwise known as ‘progressive punishment.’
The making of the hugely popular BBC car show 'Top Gear' has been halted following a crash during filming in December that left co-presenter Andrew 'Freddie' Flintoff with serious injuries, the broadcaster said late on Thursday.
California lawmakers on Thursday will vote on whether to allow penalties on oil companies for price gouging at the pump, a first-in-the-country proposal aimed at stopping the kind of spikes last summer that caused some drivers pay up to US$8 per gallon as the industry reaped super-sized profits.
CTV W5 speaks with members of the comedy industry, including Russell Peters, for a wide-ranging look at how political correctness and 'cancel culture' has changed the world of stand-up comedy.
A former contestant on the long-running television game show 'Family Feud' has been charged with first-degree murder and home invasion in the slaying of his estranged wife in western Illinois.
Greece on Friday welcomed the return of ancient artifacts from the Acropolis, furthering a campaign to press the British Museum to hand back a collection of sculptures taken from the ancient site in Athens more than 200 years ago.
Hershey Co. is looking to reduce 'trace' amounts of lead and cadmium in its chocolate, chief financial officer Steve Voskiul told Reuters on Wednesday, after Consumer Reports found that some dark chocolate bars had potentially harmful levels of the heavy metals.
A growing number of Muslim doctors and psychologists are trying to bridge the gap between faith leaders and worshippers with eating disorders, who say they face marginalization when trying to access support within their own communities, as well as in the public health system.
For the first time, autism is being diagnosed more frequently in Black and Hispanic children than in white kids in the U.S., the Centers for Disease Control and Prevention said Thursday.
U.S President Joe Biden and Prime Minister Justin Trudeau have announced updates on a number of cross-border issues, after a day of meetings on Parliament Hill.
Prime Minister Justin Trudeau says he accepts Han Dong's decision to leave the Liberal caucus after an allegation he spoke to a Chinese diplomat about delaying the release of two Canadians.
Prime Minister Justin Trudeau's teenage daughter and son, Ella-Grace and Xavier, 'no longer access TikTok,' the father of three told reporters during a joint press conference with U.S. President Joe Biden in Ottawa on March 24.
Gordon Moore, the Intel Corp. co-founder who set the breakneck pace of progress in the digital age with a simple 1965 prediction of how quickly engineers would boost the capacity of computer chips, has died. He was 94.
