Quantitative aspects of current challenges
Published on August 22nd, 2025 by Storeys.com
In Burlington, ON, the cost of living continues to be a topic of concern, with recent data showing a rise in several key areas.
According to the latest figures from Statistics Canada, the Consumer Price Index (CPI) in July saw a year-over-year increase of 1.7%. This rise was driven in part by a 3% increase in shelter prices, which is a significant jump compared to the previous month.
The housing market in Burlington has been a point of interest, with Premier Doug Ford announcing an additional $1.8B in funding for the Municipal Housing Infrastructure Program. This brings the total fund to $4 billion, aiming to support affordable housing and improve the city's overall infrastructure.
However, the data also highlights challenges faced by mortgage holders. In Q2, 1/37 mortgage holders missed a credit payment, compared to 1/19 for non-mortgage holders. This disparity is a cause for concern and underscores the pressure felt by homeowners in Burlington.
The housing market struggles are not isolated to mortgage holders. A recent survey revealed that 49% of Canadian renters aged 18 to 24 are spending more than half of their after-tax income on rent. This high percentage indicates a significant burden on young renters, who are trying to navigate the city's housing market.
Moreover, the impact of tariffs on housing affordability is not insignificant. The survey also found that 28% of Canadians have reconsidered taking out a mortgage due to tariffs.
Despite these challenges, there is some good news for potential homeowners in Toronto. There was a decrease of $112 in monthly mortgage payments needed to afford a home in the city between June and July. This reduction, while modest, could provide some relief to those looking to enter the market.
Premier Doug Ford, who has been a vocal advocate for housing infrastructure funding in Toronto, continues to lead the Progressive Conservative Party in Ontario. His re-election in February 2025 has given hope to many that the government will continue to address the housing affordability issues in Burlington and beyond.
This data, first published by Storey.com, provides a snapshot of the current state of housing affordability in Burlington, ON. As the situation evolves, it will be crucial for policymakers and the community to work together to find solutions that support those most affected by these rising costs.
Read also:
- The Cost of Speech is Zero, True Strength Lies in Unity
- Beginning a Food Truck Venture: Crucial Stages to Achieve Profitability
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
- "The imperfect yet essential documentary, "Planet of the Humans," raises challenging and uncomfortable inquiries"
