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Real Estate
Inflation sets fresh three decade high at 6.8% in April with little sign of cooling
OTTAWA – The cost of nearly everything at the grocery store continued to climb higher to help push the annual inflation rate to a fresh three-decade high in April and economists warn prices could continue to heat up.Statistics …
Ontario Liberals and NDP offer different rent control promises
TORONTO — Ontario's Liberals and New Democrats are both pledging to reintroduce rent control, taking slightly different tacks on the policy they say would help lifelong renters and would-be homeowners alike.Progressive Conservative…
CREA reports home sales down in April as mortgage rates rise
Increasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday.The association found the number of homes sold dropped by 25.7 per cent to 54,894…
Bruce County launches affordable housing toolkit
THE WALKERTON HERALD TIMES
BRUCE COUNTY – Staff have been working with a consulting firm to develop the affordable housing toolkit.Phase one of the toolkit was launched May 5. It's a web-based document that provides pertinent…
Canada Mortgage and Housing Corp. reports annual rate of housing starts rose in April
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of new home construction in April rose eight per cent compared with March.The housing agency says the seasonally adjusted annual rate of housing starts in April was 267,330…
Rents will continue to rise this year in most Canadian cities: Rental Market Report
According to the fourth annual Rentals.ca Rental Market Predictions Report, despite the enactment of housing programs and policies at federal, provincial and municipal levels, rents in many Canadian cities will continue to rise in 2022.…
‘I’ll never be able to afford property’: Housing costs key issue for Ontario…
TORONTO — When Thiago Lang and his wife began searching for a Greater Toronto Area home last year, they spent most weekends viewing about 15 properties and weekdays placing up to five bids — often over asking — on houses that sold for…
Higher interest rates push homes sales in B.C. back toward normal: association
VANCOUVER — The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down ``a path to normalizing,'' although it estimates a balanced market is at least a year away.The…
BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from…
MONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said…
Co-op housing could help solve Canada’s affordability crisis, advocates say
Ayanna Inniss believes the co-op movement could be part of the solution to this country's housing affordability crisis.The Edmonton-area woman still remembers the ``soul destroying'' experience of looking for affordable housing 20 years…