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OAS Payments Are Bigger This July — Here's How Much More You'll Get

  July 21, 2026 If you or someone in your family collects Old Age Security, the deposit landing later this month is larger than the last one. Here's exactly why, and what the new numbers look like. Old Age Security payments went up 1.2% for the July-to-September 2026 quarter — the largest of the four scheduled increases so far this year. Combined with earlier adjustments, that puts OAS 2.3% higher than it was in July 2025. OAS amounts are reviewed every January, April, July, and October to track the Consumer Price Index. When the cost of living rises, the payment rises with it. When it falls, the payment simply holds steady — OAS is protected from ever decreasing. The new maximum monthly amounts Age Group April–June 2026 July–September 2026 Monthly Increase 65 to 74 $743.05 $751.97 +$8.92 75 and older $817.36 $827.17 +$9.81 Seniors 75 and up sit higher because of the permanent 10% top-up the federal government added to that age group's OAS back in July 2022. That bump applies...
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Toronto Real Estate: A January Surge in Home Sales

 

In a remarkable turn of events, the Greater Toronto housing market witnessed a 37% surge in home sales during the month of January. This impressive growth comes as a beacon of hope for both buyers and sellers, signaling a dynamic shift in the real estate landscape.

Key Highlights:

  1. Sales Momentum: A staggering 4,223 homes changed hands last month, marking a substantial 22.9% month-over-month increase from December. The allure of lower borrowing costs, particularly associated with fixed-rate mortgages, enticed buyers back into the market.

  2. Tightening Market: While new listings saw a 6.1% increase compared to January 2023, they failed to keep pace with the surging demand. As a result, the market has become tighter than it was a year ago.

  3. Across Housing Categories: The sales surge was not limited to specific housing typesTownhouses led the charge with a remarkable 54.5% annual increase, closely followed by semi-detached homes at 42.9%.

  4. Average Home Price: Despite the robust sales activity, the average home price experienced a slight dip. It dropped one percent from the same time last year, settling at $1,026,703. This figure also represents a 5.4% decrease from the final month of 2023.

  5. Looking Ahead: TRREB President Jennifer Pearce remains optimistic. If inflation cools off as predicted by the Bank of Canada, resulting in lower interest rates, more buyers are likely to re-enter the market. This includes those currently grappling with high rents, eagerly seeking their first home.

The Greater Toronto housing market’s resilience and adaptability continue to shape the city’s real estate narrative. As we move forward, all eyes remain on the evolving dynamics, ready to seize opportunities in this dynamic landscape. 

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