affordability crisis

OTTAWA – Inflation in Canada finally appears to have peaked, but it nonetheless remains too high to dissuade the Bank of Canada from raising interest rates significantly in September, economists say.The year-over-year inflation rate…

OTTAWA – Canada's year-over-year inflation rate slowed to 7.6 per cent in July, with the deceleration largely driven by a decline in gas prices even as prices for food, rent and travel continued to rise.Economists had pointed to the…

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts.The housing agency says the seasonally adjusted annual rate of housing starts…

Ontario Premier Doug Ford said Monday he's planning to expand so-called strong mayor powers to municipalities other than Toronto and Ottawa as a way to get more housing built.Municipal Affairs and Housing Minister Steve Clark…

TORONTO — When Meaghan Hines moves into a rental apartment ahead of her fifth year at the University of Waterloo in Ontario it will be a massive relief.After months of searching, the biology student thought she finally found a place in…

The Ontario Home Builders' Association (OHBA) and the Building Industry and Land Development Association (BILD) released their top policy recommendations in a five-point plan for consideration by the provincial government for its new…

TORONTO – Ontario is proposing to give the mayors of Toronto and Ottawa veto powers over bylaws that conflict with provincial priorities, such as building housing.Municipal Affairs and Housing Minister Steve Clark introduced the…

The City of Toronto announced the Missanabie Cree First Nation and EllisDon Community Builders as the development partner for the first Housing Now Indigenous-led site for Indigenous seniors.“The City is committed to supporting…

TORONTO – The moderation of the Greater Toronto Area's housing market intensified last month as the region's real estate board found July sales fell 47 per cent from the same time last year and 24 per cent from this past June.…

VANCOUVER – The Real Estate Board of Greater Vancouver says last month's home sales were down a whopping 43 per cent from last July and 23 per cent from this past June.Sales in the region totalled 1,887 last month and were 35.2 per…