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Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes after …
Read More »Ontario to launch audits of six municipalities’ housing finances
Ontario’s minister of municipal affairs and housing is moving forward with audits of six municipalities to see if there will be any “potential or perceived” financial hits from a provincial housing law. Municipalities have been raising concerns about a housing law, that, in part, freezes, reduces and exempts fees developers …
Read More »‘We are being ignored:’ older women in Ontario struggle with rising cost of housing
Katherine Goodes has always enjoyed her own company, but at the age of 67 she’s going to be moving in with three strangers to help make ends meet. Goodes, who has worked for decades as an editor in the education sector, doesn’t have significant savings, her monthly government support cheques …
Read More »Housing market showing signs of tightening: Toronto real estate board – Toronto
Toronto’s housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday. April’s average price tumbled 7.8 per cent to $1,153,269, but was roughly four …
Read More »Danforth GO station: Toronto MPP questions lack of affordable housing in Metrolinx sale – Toronto
The Ontario government is under the microscope after allowing the sale of public land to a private buyer without assurances of affordable housing components. On March 8, Metrolinx finalized the sale of their property on 8 Dawes Rd., south of Danforth Avenue, to development company Marlin Spring. With discussions dating …
Read More »‘A drop in the bucket’: New support for tenants forced from B.C. tower, but is it enough? – BC
Residents of a Vancouver Island apartment complex that’s been declared unsafe to live in for the second time in four years got a small piece of good news Thursday — but some say newly-offered supports won’t go far to helping them out of a crisis. Tenants of RidgeView Place in …
Read More »This Halifax woman makes about $50,000 a year – but still can’t find a home
Rae-Leigh MacInnes is tired of not having a place to call home. The 44-year-old is a registered massage therapist and earns about $50,000 a year, but has been homeless for months as she has been unable to secure permanent housing. “I keep trying, every day,” MacInnes told Global News. Read …
Read More »Buyers return to Toronto housing market as prices climb after sluggish period: TRREB
TORONTO — The Toronto Regional Real Estate Board says competition between buyers returned to the market last month as the average home price in the area ticked above the average list price for the first time since May 2022. The Ontario board found Wednesday that the average price of a …
Read More »Nova Scotia rent supplement threshold change means people need to pay more to get help – Halifax
A quiet change to a federal-provincial housing supplement means Nova Scotians will have to pay more of their income on housing in order to qualify for government help. Previously, people who spent 30 per cent or more of their pre-tax income on rent or housing costs could qualify for the Canada-Nova …
Read More »Kitsilano resident questions if bias involved in recent removal of homeless camp – BC
Days after East Vancouver residents questioned why tents in a west side park were addressed so quickly, a Kitsilano resident is raising similar concerns about whether an income-related bias exists in terms of how encampments in public parks are dealt with. Growing up on the west side, Alex Trottier said …
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