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Real Estate
Canadian young adults who live alone are more likely to struggle with unaffordable housing, study …
One in five young adults live in unaffordable housing and spend 30 per cent or more of their pre-tax income on housing costs.
(Shutterstock)
Kate Choi, Western University and Sagi Ramaj, University of TorontoCanada is experiencing a…
Advocates say Nova Scotia budget neglects affordable housing crisis
HALIFAX — Housing advocates in Nova Scotia say the provincial budget neglects people struggling with affordability and those on the edge of experiencing homelessness.The government's budget, tabled Thursday, allocates $21.6 million to…
Ontario budget shows lower projections for new home construction
TORONTO — Projections in Ontario's budget for housing starts show the province's target to build 1.5 million homes in 10 years slipping further out of reach with each passing year.Nearly 100,000 homes were built in the province in…
Nova Scotia keeping rent cap until end of 2025, but higher increases to be allowed
HALIFAX — The Nova Scotia government will extend a cap on rent hikes, but it plans to ease the restriction at the end of the year to allow increases of up to five per cent.The amendments announced Wednesday by Service Nova Scotia…
Canada needs 300,000 new rental units to avoid gap quadrupling by 2026: report
TORONTO — Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday.In order to reach the optimal vacancy rate of three per cent, the…
Canadian home sales expected to pick up in spring but inventory still lags
TORONTO — With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home.Long hours…
Inflation in Canada continues to slow, reaffirming BOC’s rate pause
OTTAWA – Canada's annual inflation rate continued to slow last month, reaffirming the central bank's decision to hold its key interest rate steady.In its latest consumer price index report released Tuesday, Statistics Canada said…
Technology and fraud in real estate: part of the problem and the solution
Fraud in the real estate industry is on the rise in Canada at an alarming rate. This can be attributed to a variety of factors, but one of the most prominent is how quickly the world has evolved to be increasingly digital - which has…
Annual average rents rise 9.7% in Canada: National Rent Report
The average asking rent for all property types in Canada rose 9.7 per cent year over year in February, to $1,984, according to the Rentals.ca and Urbanation latest National Rent Report.This is the first time since June that average…
P.E.I. housing pinch major issue as parties campaign ahead of April 3 vote
CHARLOTTETOWN — A lack of affordable housing on Prince Edward Island has some questioning whether the province is running out of room for those who want to call it home, making dwindling real estate one of the major issues in the upcoming…