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Saskatchewan is facing a housing supply issue, with some experts saying if no new homes are added to the market, supply will run out in one and a half months. This issue is affecting everyone, including students. “For the university crowd and the Sask Polytech crowd that are coming back …
Read More »Renters under pressure: When will the fever break in the hot rental market? – National
Ask the average renter and they can tell you: Canadian rents have soared in recent years. The latest data from Rentals.ca and Urbanation shows the average asking rent for all property types in May rose above $2,200 for the first time. That’s up 9.3 per cent year over year, the …
Read More »Rents dwarf minimum wage in every province. Rising interest rates aren’t helping – National
Pressure from higher interest rates and a lack of affordable housing means renters living on minimum wage in almost every neighbourhood across Canada are falling behind, a new report shows. A Canadian Centre for Policy Alternatives (CCPA) analysis released Tuesday evaluates housing markets in Canada by “rental wage” — the …
Read More »Increasing vacancy rate in Kelowna best path to improving housing affordability: City
Descrease article font size Increase article font size Groundbreaking for a new apartment building which is expected to bring some relief to Kelowna’s tight rental market is scheduled for Wednesday. The building will be located at the former Building Blocks daycare at Gordon Drive and Lawrence Avenue. PC Urban Properties …
Read More »Renters in Hamilton are facing the toughest market since 2002: CMHC report – Hamilton
The rental market in Hamilton is as tough today as it has been in two decades with those seeking accommodation facing some of the lowest vacancy rates, rising prices and dwindling affordability, according to Canada’s housing agency. Canada Mortgage and Housing Corp.’s latest annual rental market report revealed the vacancy …
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 — …
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