affordability crisis

When Bob Dugan surveys the future of Canada's housing market, he doesn't see the rosy picture many long for. "I'm actually worried that affordability is going to deteriorate rather than improve unless we can do something about it,"…

TORONTO — Ontario introduced measures Thursday that would allow for more housing to be built beyond urban boundaries and in rural areas as projections suggest its target of building 1.5 million homes by 2031 is falling out of reach. The…

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales fell 42.5 per cent in March from a year ago and were 28.4 per cent below the 10-year seasonal average. Last month's sales totalled 2,535 compared with 4,405 sales…

The  Canada Green Building Council (CAGBC), Canadian Urban Transit Association (CUTA), Pembina Institute, Canada’s Building Trades Unions, and RESCON have issued the following statements in response to the federal government’s Budget…

The Federal Government has unveiled 2023 Budget. Below is a brief recap from the Ontario Construction Secretariat that includes an economic overview and additional information about the Clean Technology and Clean Hydrogen Investment Tax…

TORONTO — Real estate observers say a new mortgage code of conduct promised in the federal budget will be handy for Canadians facing financial difficulties, but they still feel the economic plan was lacking needed housing affordability…

TORONTO — Ontario's financial services watchdog is proposing changes to guidance offered to mortgage agents and brokerages in an effort to deter deceptive and fraudulent mortgage activity. The Financial Services Regulatory Authority of…

VANCOUVER — Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report on Tuesday. The province…