Counting it out: Insights based on the data
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In a recent article published by Gazette Staff on August 22nd, 2025, we delve into the latest housing and economic developments in Ontario and Canada. The piece, first published by Storey, is based in Burlington, ON.
Premier Doug Ford announced that Ontario will be investing an additional $1.8B in the Municipal Housing Infrastructure Program, bringing the fund's total to $4 billion. This investment aims to improve housing infrastructure across the province. However, the specific organization receiving the additional funds was not explicitly named in the provided search results.
The Consumer Price Index (CPI) saw a 1.7% year-over-year increase in July, with shelter prices up 3%. This rise in housing costs is a concern for many, especially as mortgage payments continue to impact households.
In Q2, 1/37 of mortgage holders missed a credit payment, compared to 1/19 for non-mortgage holders. The monthly mortgage payments needed to afford a home in Toronto decreased by $112 between June and July, offering some relief to homebuyers in the city.
Despite this, the percentage of Canadians who say tariffs have caused them to reconsider taking out a mortgage is 28%. This indicates that economic uncertainty continues to impact homeownership decisions.
Another significant finding is that 49% of Canadian renters aged 18 to 24 are spending more than half of their after-tax income on rent. This high proportion underscores the need for affordable housing options for younger generations.
As we navigate these economic challenges, it's crucial to stay informed about the latest developments. This article provides a snapshot of the current housing and economic landscape in Ontario and Canada, offering insights into the issues that matter most.
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