affordability crisis

VANCOUVER — The Real Estate Board of Greater Vancouver says the typically slow conditions it sees in November were even more sluggish last month as home sales dropped 53 per cent from a year ago and 15 per cent from October.The B.C.…

OTTAWA — A new report by Canada Mortgage and Housing Corp. says government alone can't solve the country's housing affordability challenges.The scale of the problem is so large that the private sector must be involved, says the report…

OTTAWA – The full effects of interest rate hikes have yet to be felt – and will be ``even more powerful'' than many anticipate, said former Bank of Canada governor Stephen Poloz Thursday in a speech about ways Canada can chart a path…

OTTAWA – Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada governor Tiff Macklem.At a House of Commons committee meeting Wednesday, Conservative…

VICTORIA – The British Columbia government has introduced sweeping changes to boost the housing supply, and while local governments say they want to do their part, they're concerned about effects the laws will have on their communities.…

OTTAWA — Recent homebuyers with variable-rate mortgages will find the adjustment to higher interest rates more painful, said Bank of Canada senior deputy governor Carolyn Rogers.Speaking before the networking group Young Canadians in…

TORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising interest rates and economic uncertainty.…

TORONTO — Ontario is planning to extend further ``strong mayor'' powers to the leaders of Toronto and Ottawa, and is reviewing the role of regional governments, in new legislation the opposition decries as antidemocratic.The bill…

OTTAWA – Canada's annual inflation rate held steady in October, but economists say it's trending in the right direction.In its latest consumer price index report, Statistics Canada said the country's annual inflation rate was 6.9…