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Tag Archives: money

Rental construction across Canada hit ‘record levels’ in 2023: CMHC – National

The construction of purpose-built rentals and condominiums hit “record levels” in 2023, data from the Canada Mortgage and Housing Corporation released on Wednesday shows. According to the CMHC’s Spring 2024 Housing Supply Report, purpose-built rental construction in six major markets combined to hit record levels in 2023. Rentals also accounted …

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Developer proposes new Halifax neighbourhood; plan includes 3,500 housing units – Halifax

A new high-density neighbourhood is being proposed in Halifax that would see the construction of 14 buildings with a total of 3,656 units in an area along Strawberry Hill Street and Windsor Street. City council is now reviewing a proposal for the “Strawberry Hill Future Growth Node,” which is the …

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Alberta bill to mandate return of life lease funds, but families waiting for millions feel left out

After several Alberta seniors sounded the alarm about having their life savings locked up in life leases, the provincial government said it is taking steps to protect consumers who sign up for that housing model. However, those who’ve been fighting with operators for years to get their money back say …

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Did you co-sign your kid’s mortgage? There are new tax reporting rules to know – National

If you’re part of a joint bank account or have co-signed a mortgage, you might be part of something called a “bare trust” agreement that many Canadians will have to file a tax return for in the coming weeks. Bare trusts aren’t new, but this year is the first time …

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Pension funds are Canada’s ‘crown jewels.’ Should they invest more at home? – National

Signals that Ottawa wants more domestic investment from Canadian public pension funds are being amplified by some members of the business community who argue there’s more these large pools of capital can do to boost Canada’s economy. But the pension plans themselves are pushing back against suggestions that anyone in …

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Canadian housing starts rose 14% in February, CMHC says – National

By Staff The Canadian Press Posted March 15, 2024 9:49 am 1 min read Descrease article font size Increase article font size Canada Mortgage and Housing Corp. says the annual pace of housing starts in February climbed 14 per cent compared with January. The national housing agency says the seasonally …

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Canada’s next wealth divide? It’s renters versus homeowners, RBC says – National

Persistent unaffordability in Canada’s housing market is widening the wealth divide between renters and homeowners, Royal Bank of Canada says in a new report. “Canadian renters are getting squeezed more than homeowners, making home ownership an even more distant dream,” report author and RBC economist Carrie Freestone writes. The RBC …

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Is millions in Ontario government money fixing its auto theft crisis?

It took less than four hours for the first vehicle of the year to be stolen in the Region of Peel. Around 3:10 a.m. on Jan. 1, police believe a truck was stolen from Heathbrook Avenue in Brampton, Ont. Officers haven’t closed the case, which is still ongoing. The theft …

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Ottawa’s fiscal wiggle room squeezed by rising debt costs, watchdog says – National

The Liberal government is facing a tough fiscal position heading into the 2024 budget, according to new projections from the Parliamentary Budget Officer. Ottawa is simultaneously dealing with rising debt costs and a slowing economy, both of which are fuelled by decades-high interest rates from the Bank of Canada as …

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Weddings are picking up post-pandemic — but have venues fully recovered? – National

Wedding planning can be stressful as it is, but a last-minute cancellation by a venue or vendor can only make those pre-nuptial jitters even worse. Couples in Ottawa got a shock this week after Courtyard Restaurant, a popular downtown eatery and wedding venue in the heart of the country’s capital, …

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