By Gazette Staff
August 22nd, 2025
BURLINGTON. ON
Storeys.com
By the numbers:
$112
—
The decrease in monthly mortgage payments needed to afford a home in Toronto between June and July.
49%
—
The share of Canadian renters aged 18 to 24 that are spending more than half of their after-tax income on rent.
28%
—
The percentage of Canadians who say tariffs have caused them to reconsider taking out a mortgage.
1.7%
—
The year-over-year rise in the Consumer Price Index in July, with shelter prices up 3%.
$1.8B
—
The amount of additional funding Premier Doug Ford announced Ontario will be investing in the Municipal Housing Infrastructure Program, bringing the fund’s total to $4 billion.
1/37
—
The share of mortgage holders that missed a credit payment during Q2, compared to 1/19 for non-mortgage holders.
This data was first published by Storey
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What percentage of seniors on fixed incomes are paying more than 50% of their incomes on rent? We are not in a position to move to paying even more and yet the waiting list for affordable senior housing in Burlington is now at 8 to 10 years. Most seniors on the list will live in poverty and die before their names come up for social housing. This is despicable!