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COVID-19 Likely to Usher in “Decade of the Home”: Accenture Survey
People's refocus on their local community in light of the COVID-19 pandemic will be long-term, bringing about the "decade of the home" and forcing retailers and consumer goods companies to tailor their products and services to drive a more…
Uneven rebound poses risk for entire economy, Bank of Canada governor says
OTTAWA – The slower rebound facing women, youth and low-wage workers could pose a threat to a broader economic recovery from the COVID-19 pandemic, Canada's top central banker said Thursday in a push to find ways to even out an uneven path…
About $1 billion of mortgage payments deferred each month during pandemic: CMHC
OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday.The calculation, released in CMHC's annual residential mortgage industry report, is…
Innovation districts like Melbourne’s could help chart our course out of crisis
ShutterstockIn the face of the global health and climate crises, we look at our cities both anxiously and hopefully. We deviate from our normal patterns of behaviour to avoid close physical contact and suffer associated emotional and…
Bank of Canada warns of uneven recovery despite better than expected bounce back
OTTAWA – The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.In a statement, the…
Annual pace of housing starts increased in August: CMHC
The trend in housing starts was 213,144 units in August 2020, up from 204,597 units in July 2020, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…
Liberals extend commercial rent relief program for last time
OTTAWA – An underused program to give hard-hit small businesses a break on their rent is getting one more month of service, but without any of the changes critics say are needed to prevent stores from permanently closing their doors.On…
Toronto considering ambitious homeless housing plan in wake of COVID 19 pandemic
Toronto is considering an ambitious new plan to combat homelessness as the COVID-19 pandemic continues to exacerbate the issue.In a draft report developed by the Shelter, Support and Housing Administration in conjunction with United…
The coronavirus pandemic is pushing Canadians out of cities and into the countryside
Rural communities are seeing population growth as people leave the city during the pandemic.
(Shutterstock)
It’s starting to sound trite, but COVID-19 has radically changed the way many people live and work. Six months into this pandemic,…
Vancouver home prices rose in August amid above average sales rate
VANCOUVER — Metro Vancouver home sales hit 3,047 in August at a benchmark price of $1.04 million, as the housing market continued its recovery from the COVID-19 pandemic.The number of homes sold last month was nearly 20 per cent…