Better Dwelling

Better Dwelling stands out as the largest independent housing news source in Canada, a title we've achieved in just a short period. We offer a fair and data-focused viewpoint aimed at helping millennials navigate the intricate matters related to housing — an issue that affects everyone. Despite being relatively new, our audience has expanded rapidly, demonstrating the demand for data-driven journalism in Canada.

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Canada’s Inflow of Millionaires Falls 70%, No Longer In The “Safe 8” - Better Dwelling

2 days ago | betterdwelling.com | Stephen Punwasi

Canada’s reputation as a stable destination for wealth is quickly fading. H&P and New World Wealth (NWW) data shows the number of millionaires looking to migrate to a new country sharply increased in 2025. Despite the increase, Canada will see its net flow of HNWIs plunge, a sign its quality of life proposition is weakening.
Canadian Rents Fall, But Still Up To 90% Higher In Cities

2 days ago | betterdwelling.com | Stephen Punwasi

Canadian rental prices eased last quarter, but they have a long way to go to normalize after the surge. Statistics Canada (Stat Can) data shows the asking price for a 1-bedroom apartment rental saw a substantial drop in Q1 2025. While the drop was sharp, it offered little relief compared to the growth seen since 2019—with cities still up to 90% higher post-decline. Today we’re looking at rents from Stat Can’s relatively new Canadian Housing Statistics Program (CHSP).
Canadians Are Leaving For Good In Record High Volumes

4 days ago | betterdwelling.com | Stephen Punwasi

Canada’s temporary population boom may be over, but its long-term resident outflow is just beginning. Statistics Canada (Stat Can) data shows emigration—the act of citizens or permanent residents permanently leaving—jumped higher in Q1 2025. Canadians left in the second-highest Q1 volume on record—a trend that’s only gained momentum since the pandemic. Emigration is when a Canadian or permanent resident leaves the country permanently.
Canada Is Now Building 2 Homes Per Person Added To the Population

1 week ago | betterdwelling.com | Stephen Punwasi

Canadian new home starts are slowing—but not as fast as population growth. In Q1 2025, builders broke ground on more than two homes for every person added. If the current trend persists, the average household size will hit a record low by next year. That’s a far cry from the alarm raised by Canada’s state-owned mortgage insurer this week, which claimed housing starts need to rise 9x to restore 2019 affordability… by 2035. Whatever they’re smoking, don’t try crossing the border with it.
Canadian Population Growth Stalls, BC and Ontario Make Rare Contraction

1 week ago | betterdwelling.com | Stephen Punwasi

Canadian real estate soared on runaway population growth—but that fuel is running low. Statistics Canada (Stat Can) data shows the population stalled in Q2 2025, marking one of the slowest quarters on record. It’s uncharted territory for BC and Ontario, where home prices soared based on the myth of perpetual growth—yet both provinces are now shrinking. Canadian Population Growth: Quarterly change in thousands. Source: Statistics Canada; Better Dwelling.
Canadian Government Purge? Public Sector Loses 21k Jobs In A Month

2 weeks ago | betterdwelling.com | Stephen Punwasi

Canada’s job market just lost one of its biggest crutches: public sector hiring. After years of driving job growth—expanding at twice the pace of the private sector—the public workforce abruptly contracted in May. New data from Statistics Canada’s Labour Force Survey (LFS) shows a sharp pullback, raising questions about recent job gains. While the hiring boom is often credited to federal policymakers, the lion’s share of public sector employees work for municipal governments.
Canadian Real Estate Prices Rose 7x Faster Than Wages Since 1981

2 weeks ago | betterdwelling.com | Stephen Punwasi

Canadian real estate doesn’t just feel out of reach—there’s quantitative evidence. A new Statistics Canada (Stat Can) study shows that real wages have only seen modest growth from 1981 to 2024. When compared to the surge in real home prices, it becomes clear this generation isn’t just exaggerating—home prices have grown nearly 7x faster than wages. Canadian wage growth has been modest—to say the least.
Canadian Unemployment Soars, Driven By Immigration More Than Tariffs

3 weeks ago | betterdwelling.com | Stephen Punwasi

Canada’s economy was dealt another blow last month, and it wasn’t due to tariffs. Statistics Canada (Stat Can) data shows the unemployment rate climbed aggressively in May, hitting a new multi-year high. Despite the narrative of tariff-induced job losses, the country managed to add a few thousand jobs. Rising unemployment continues to be driven by an aggressive immigration strategy, which added four workers for every job last month.
All In? Canadian Bank Loans For Real Estate Development Double In One Year

3 weeks ago | betterdwelling.com | Stephen Punwasi

Canada’s banks are suddenly warming up to real estate development loans. Bank of Canada (BoC) data shows chartered bank loans to builders and developers doubled in less than a year, after decades of modest growth. The sudden shift aligns closely with taxpayers getting involved in the market, de-risking lenders. Short of a catastrophic blow to the economy, taxpayers are unlikely to be on the hook for many loan defaults. However, households will incur a significant cost even if these loans perform.
Bank of Canada Won’t Cut In June, Government Policies May Boost Inflation: BMO

3 weeks ago | betterdwelling.com | Stephen Punwasi

Canada’s central bank will hold rates in June despite the economy’s rising headwinds, according to BMO. In a report to investors, the bank warns accelerating core inflation is now above 3%—not just above the Bank of Canada’s (BoC) target rate, but also above its upper tolerance range. Slowing economic factors may bring down inflation eventually, and government policies may reinforce inflation—but until then, the BoC is expected to remain cautious.