Toronto’s real estate market remains a hot topic as homeowners grapple with elevated interest rates and persistent inflation. A recent Mercer survey reveals that Canadian employers, including those in the GTA, are planning to maintain salary increase budgets at 2025 levels for the upcoming year. This means average merit raises are projected at 3.0%, with total salary increases (including promotions and cost-of-living adjustments) averaging 3.3%.
While some sectors like chemicals and high-tech anticipate slightly higher increases, others such as consumer goods and energy project lower figures. With 66% of organizations acknowledging the economy’s impact on compensation decisions, and promotion activity expected to slow, GTA residents face continued financial pressure. AI’s impact on hiring remains limited for now. For a deeper dive into the numbers and sector-specific projections, read the full article on MPAMag.com.
Read the original story here: https://www.mpamag.com/ca/mortgage-industry/industry-trends/canadian-employers-hold-pay-gains-as-mortgage-stress-lingers-into-2026/560885
