Toronto and Vancouver residents must make at least $40 per hour working a full-time job if they hope to reasonably afford a two-bedroom apartment within the city, suggests a new report by an Ottawa-based think tank. The Canadian Centre for Policy Alternatives (CCPA) published a report on July 18 studying the gap between Canada’s minimum wage…

With housing prices in Canada’s major cities already holding at steady highs, one of Canada’s largest real estate firms is predicting that aggregate home prices in the Greater Toronto Area (GTA) will climb by another 11 percent in the final quarter of 2023. Royal LePage said in a housing-price forecast published on July 13 that it’s…

Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year. The real estate brokerage says it now expects the aggregate price of a home in Canada in the fourth quarter of this year…