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A major fire shut down Main Street for the second time in a month this past weekend and the Point Douglas area has now lost three businesses and numerous housing units, prompting the community to voice some concerns. Over the past month, fires have hit Main Street hard and the …
Read More »A look at the ‘daunting’ costs many Ontario homebuyers face in their 1st year of ownership
New analysis is shining some light on the “daunting” costs many Ontario homebuyers face in their first year of ownership, particularly in the Toronto area. Point2 Homes released new data on Thursday looking at upfront costs and annual recurring expenses, including closing costs, the down payment, mortgage, property tax and …
Read More »Waterloo Regional Council approves 2 measures to create more affordable housing in area
Waterloo Regional Council approved two measures on Wednesday night in a bid to create new affordable housing in the area. In one measure, council approved a measure which would allow the region to enter into an agreement with the Canada Mortgage and Housing Corp. which will see new funding arrive …
Read More »Developer, Indigenous groups unveil Belleville housing project – Kingston
There is exciting news in Belleville, as plans are in motion to turn a surplus federal office building into affordable housing, in partnership with three First Nations groups. There were smiling faces all around Tuesday as a formal announcement was made about plans for a “luxury apartment complex” that will …
Read More »Feds, church group give $208K to Belleville housing project – Kingston
Ahmed Hussen, Minister of Housing and Diversity and Inclusion, and Shawn Stickler, lead pastor of the Pentecostals of Quinte, announced combined funding of over $208,000 to support the development of new affordable housing units in Belleville. The Pentecostals of Quinte church complex in Belleville is building seven housing units for …
Read More »Hoping for a steep drop in home prices next year? It’s unlikely, Royal LePage says – National
Housing prices are only forecasted to drop one per cent in 2023, according to a new market survey forecast from Royal LePage. The aggregate price of a home in Canada is set to drop just one per cent year over year from $772,900 to $765,171, the survey is projecting — …
Read More »Banff housing crisis continues as rental market tightens
The Banff housing crisis is in the middle of a seismic shift as pandemic restrictions lift and tourism sees a V-shaped bounce back to pre-COVID times. Sharon Oakley, manager of housing stability with the Town of Banff, said during the pandemic people were less comfortable sharing close quarters. Instead of having …
Read More »Ford’s controversial housing bill could have ‘major unintended consequences,’ planners warn
The experts who manage planning in cities across Ontario say they want a seat at the table as the Ford government finalizes its controversial new bill to accelerate the construction of new homes. The Regional Planning Commissioners of Ontario say in a report released this week that they have identified 21 …
Read More »New Toronto council meets for first time amid debate over ‘strong mayor’ powers, housing bill
The first day a new Toronto city council meets is normally a time of ceremony and smiles, as new councillors get introduced and statutory business gets done — but when council gets together on Wednesday for the first time since last month’s election, it might just be a more tense affair than usual. Experts say the first two-day …
Read More »Ukranians headed to Bow Valley to settle, despite cost of living and housing crisis
When Russia invaded Ukraine back in February, Kate Ostashevskaya felt powerless, but knew that doing something instead of doom-scrolling would help. So, she reached out to a Facebook friend, a virtual stranger in Ukraine who had posted about a recent bombing hitting too close to home, and asked if she’d …
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