Ottawa Housing Market is Mad Sus 🏡💸

Ottawa Housing: No Cap, It's Expensive AF

Aight, listen up, fam. If you're dreaming of owning a spot in Ottawa, you better stack that bread. The average home price is sitting at around $631,200 as of April. To even think about getting a mortgage, you need to be pulling in at least $134,300 a year. That's wild, right? And it's only getting worse; it went up from March's $133,350 and February's $133,600. Like, who's even making that kind of skrilla?

Ratehub.ca did the math, and they're saying even with a 10% down payment, a 25-year plan, and factoring in taxes and heating, it's still a major flex to afford a house here. Mortgage rates are chillin' at 4.38%, but the stress test rate is at 6.38%. So, basically, they're making sure you can handle the heat if things get spicy with the market. Ottawa's not alone in this struggle either; other cities are feeling the pinch, but some are getting a slight break. Still, it's all about those home prices being too high. No cap.

Algonquin College: Budget Cuts Are Messing Things Up

In other news, Algonquin College is phasing out the AAADD program (Adult Assistance for Adults with Developmental Disabilities). This program has been helping adults with developmental disabilities since '97, giving them skills for school and life. But now, the college is saying they can't afford it anymore, which is a big L. They're claiming to focus on programs that will boost their cred and cut programs that they aren't getting bread from.

The program is ending on April 30, 2026, so current students can still finish, but no new peeps are getting in. The college is throwing around some big numbers, saying they're gonna lose millions in the next few years because fewer international students are enrolling, and tuition fees are frozen. They already made cuts earlier this year, like pausing some programs and closing a campus. It's a whole mess, and it's hitting students and staff hard. They're saying they're trying to help everyone find other options, but it's still a major blow to the community, for real.