AGENT LICENSE ID
M08000389
BROKERAGE LICENSE ID
10419
Victoria Smith
Mortgage Broker
Office:
Phone:
Address:
381 Richmond Road, Ottawa, Ontario, K2A 0E7
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BLOG / NEWS Updates
CMHC: Fall 2025 Housing Supply Report
Highlights
Combined housing starts across Canadas 7 key census metropolitan areas (CMAs) in the first half of 2025 were just a few units below 2024 levels and near all-time highs. However, this overall stability masked sharp regional differences. Gains in Calgary, Edmonton, Montral and Ottawa were offset by declines in Toronto, Vancouver and Halifax.
Ground-oriented construction including single-detached, semi-detached and row homes saw a modest growth, driven by lower mortgage rates unlocking demand in more affordable markets. In higher-cost centres, like Toronto and Vancouver, affordability remained strained and homebuyers cautious amid economic uncertainty.
Condominium apartment starts declined in most key markets as slower presales led to project delays and cancellations. Meanwhile, purpose-built rental starts surged, bolstered by government support and a shift among developers toward the rental market.
Active and new listings, which represent the other key component of housing supply, were either stable (Edmonton and Montral) or rising (Vancouver, Toronto, Calgary, Ottawa and Halifax). Combined with strong housing completions, they have contributed to an increase in the overall supply in Canadas key markets.
Ongoing construction slowdowns in select CMAs pose risks to future housing supply, workforce retention and affordability. In the context of trade tensions, economic uncertainty and slower population growth, we expect combined starts across the 7 major CMAs to recover only gradually, with modest improvement by 2027.
CMHC
TD: Market uncertainty leaves Canadians divided, expert advice becomes a key resource in navigating mortgage decisions
A new TD survey reveals how todays increasingly complex market is shaping the way Canadians approach one of lifes biggest financial decisions: their mortgage. While the majority of Canadians feel informed about the mortgage process, the survey shows that economic volatility, rate unpredictability, and tariff pressures are prompting many to rethink their strategies, highlighting that expert guidance is a vital tool to navigate the challenges of todays environment.
Canadians are navigating interest rate uncertainty
While the Bank of Canada has held rates steady in recent months, Canadians remain divided on where rates could head next. The survey found that 32 per cent expect rates to rise, 27 per cent anticipate a decrease, and 29 per cent believe theyll remain unchanged. This lack of consensus reflects the challenges Canadians face when making long-term financial decisions in a rapidly shifting landscape.
With so much uncertainty around what comes next, Canadians are thinking carefully about how best to approach their mortgage, says Patrick Smith, VP, Product Management, Real Estate Secured Lending at TD. Expert advice can help bring clarity to that complexity, so Canadians can make confident, informed choices aligned with their needs and long-term goals.
Economic pressures add even more complexity
Beyond rate expectations, Canadians are increasingly aware of how broad economic shifts may influence their homeownership goals. Tariffs, in particular, are playing a key role in how Canadians make decisions about their mortgage. According to the survey, nearly a third (29 per cent) of Canadians say that tariffs have caused them to reassess their mortgage strategy.
The survey also found:
31 per cent say that tariffs have impacted their borrowing capacity;
28 per cent agree that tariffs have caused them to reconsider taking out a mortgage;
28 per cent agree that tariffs have impacted which mortgage lender they are choosing or plan to choose.
https://stories.td.com/ca/en/news/2025-08-20-market-uncertainty-leaves-canadians-divided-2c-expert-advice-b
BMO Survey: Gen Z and Millennials Face Challenges Raising a Family Amid Rising Financial Pressures
Top factors influencing decisions on whether to have children include financial stability and finding the right partner.
Nearly nine-in-ten find balancing the emotional and financial demands of parenthood challenging.
The latest BMO Real Financial Progress Index reveals seven-in-ten Gen Z (70%) and Millennials (69%) want to have children but worry doing so would negatively affect their financial security. While 81% of Canadians say being a parent brings joy and fulfillment to their lives, over half (53%) of parents admit having children compromised their financial security.
The BMO survey examines how the financial and emotional challenges related to raising children in the current economic environment are shaping parenting decisions and found:
Family Defining Decisions: Financial stability (44%) is the top consideration influencing Canadians decision on whether to have children, followed by finding the right partner (34%), the ability to be fully present for their child(ren) (27%), mental and physical health (24%) and career goals and/or prospects (17%). Over a third (35%) would reconsider their decision not to have children if there was less of a negative effect on their finances.
Family Size Aspirations: On average, aspiring parents want two children, but that number rises to three if financial constraints are removed.
Emotional Toll of Parenthood: 89% say balancing the emotional and financial demands of parenthood is challenging and over half (55%) regularly feel overwhelmed by their familys financial responsibilities a sentiment felt most profoundly among Gen Z (72%) and Millennials (72%).
Keeping Up with the Jones: Over three quarters (76%) admit there is pressure for parents to keep up with other families by spending more than they should.
Long-Term Implications: 86% report that everyday childcare costs including daycare, after-school programs, and school supplies, negatively affect their ability to save for long-term goals such as higher education or homeownership.
https://newsroom.bmo.com/2025-08-13-BMO-Survey-Gen-Z-and-Millennials-Face-Challenges-Raising-a-Family-Amid-Rising-Financial-Pressures
