affordability crisis

LANGFORD, B.C. — The Victoria-area city of Langford is offering a helping hand to those who have a dream of owning their own home by providing a five per cent down payment on their purchase.Langford is facing a housing affordability…

HALIFAX – A temporary rent cap will be legislated as part of a wide-ranging government plan to address Nova Scotia's lack of affordable housing.The Progressive Conservative government introduced a plan Wednesday that also includes…

The Canadian Real Estate Association says September home sales edged up on a month-over-month basis for the first time since March.The association said Friday that home sales for the month amounted to 48,949, their second-highest…

The Quebec Professional Association of Real Estate Brokers (QPAREB) has released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of September, based on the real estate brokers’…

Toronto Regional Real Estate Board says the market kicked off the fall selling season with an 18 per cent year-over-year decrease in homes sold in September and a 34 per cent drop in new listings.The board revealed Tuesday that…

Home sale activity remains elevated across Metro Vancouver’s housing market while the pace of homes being listed for sale continues to follow long-term averages.The Real Estate Board of Greater Vancouver (REBGV) reports that…

The Ontario Real Estate Association (OREA) is calling on the Government of Ontario to cut red tape and build on the successful More Homes, More Choice Act, 2019 by ending Ontario's exclusionary single-family zoning rules in high-demand…

For the past several years, the strain of financial stress has left Safiya Mayers with depression, anxiety, fatigue, aching muscles, weight fluctuations and chest pains.The 25-year-old facilities coordinator in Toronto said she…

Canada Mortgage and Housing Corporation (CMHC) says home price acceleration, alongside continued overvaluation, as home prices further detach from fundamental factors, such as labour income, has created a high degree of vulnerability in…