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Tla-o-qui-aht First Nations celebrate grand opening of new housing complex
On February 7, the Honourable Seamus O'Regan, Minister of Indigenous Services, along with the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for the Canada Mortgage and Housing…
First Nations boil water issues ‘enormously complicated’: Morneau
Finance Minister Bill Morneau says the "enormously complicated'' effort to end all drinking-water advisories in First Nations communities isn't being held back by a shortage of money.In response to a university student's question…
CMHC reports annual pace of housing starts in Canada slowed in January
The Canada Mortgage and Housing Corp. said the annual pace of housing starts slowed in January, dropping less than was expected for the start of the year.The federal housing agency said the seasonally adjusted annual rate came in at…
Young buyers still seek home ownership in Quebec: survey
The Association des professionnels de la construction et de l'habitation du Québec (APCHQ), the Québec Federation of Real Estate Boards (QFREB) and the Fonds immobilier de solidarité FTQ released the results of a survey conducted by the…
Democrats seek Green New Deal to address climate change
Democrats including Rep. Alexandria Ocasio-Cortez of New York are calling for a Green New Deal intended to transform the U.S. economy to combat climate change and create thousands of jobs in renewable energy.The freshman lawmaker is…
Banking regulator defends stress test, open to change when warranted
Canada's financial regulator hit back at criticisms of its stress test for uninsured mortgages, which has made it harder for borrowers to qualify and weighed on national home sales, but said it is open to changes when warranted.…
Housing markets vulnerable despite easing overvaluation: CMHC
While overvaluation has eased in Toronto and Victoria, Canada's overall housing market remains vulnerable for the tenth quarter in a row, according to the most recent Housing Market Assessment (HMA) released by Canada Mortgage and Housing…
Trudeau denies report his office pressured attorney general to help SNC-Lavalin
Prime Minister Justin Trudeau is denying that his office told former attorney general Jody Wilson-Raybould to help SNC-Lavalin avoid a criminal prosecution.The Quebec engineering and construction giant has been facing legal trouble over…
Trade issues, oil slump and lower spending have slowed growth: BoC deputy
The effects of U.S. trade unknowns, lower oil prices and weaker housing and consumer spending are behind the recent deceleration in economic growth, a Bank of Canada deputy governor said in a speech Wednesday.To help the economy get…
Toronto real estate board calls on Ottawa to revisit mortgage stress test
Canada's largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto's once red-hot housing…