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In its first budget since winning Manitoba’s provincial election last October, the NDP government faces plenty of speculation and expectations. Prior to Tuesday’s budget, the government has suggested that it may extend the province’s fuel-tax holiday — a temporary suspension of the 14-cents-a-litre tax, which was put in place Jan. …
Read More »Shift to faster payment system in Canada years behind schedule – National
By Staff The Canadian Press Posted April 1, 2024 7:24 am 1 min read Descrease article font size Increase article font size Trains aren’t the only place Canada lags on high-speed rail, as the effort to bring in a faster payment system, known as the Real-Time Rail, is years behind …
Read More »Flair Airlines is now Canada’s lone low-cost carrier. Can it rise to the moment?
The recent demise of Lynx Air leaves Flair Airlines alone holding the banner for ultra-low-cost carriers in the Canadian airspace. Heading into the busy summer travel season when airlines make much of their money, some experts say travellers booking tickets across Canada will have to weigh cheap airfare against the …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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