Welcome to your guide on finding accommodation in Canada! Whether you’re looking to rent or buy, settling in a new country comes with unique challenges and exciting opportunities. Here you’ll discover valuable tips to navigate the Canadian housing market, understand housing affordability, and choose the best place to call home. Let’s help you find the perfect place to start your new life in Canada with confidence.
Housing Key Terms
Canada’s national housing agency. They conduct vital housing research, help Canadians access homeownership, build affordable housing, and inform housing policy.
The ability of a household to find and secure housing without spending more than 30% of their gross pre-tax income on shelter costs. The 30% benchmark was set by CMHC. Spending more than 30% of household income can lead to financial stress and reduce funds for other essentials such as food, clothing, and healthcare.
The total income of the household before taxes are deducted.
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