Browsing Tag

Affordability

Parc-Extension in Montreal is a neighbourhood in transition with dire consequences for low-income families. Andrés Salas, Author provided Alessandra Renzi, Concordia University; Aaron Vansintjan, Birkbeck, University of London; Emanuel…

Real Estate

CBRE predicts record $50 billion investment for commercial real estate this year

Ian Bickis - The Canadian Press Feb 25, 2020

TORONTO — Canada could see a record-breaking $50-billion worth of investment in commercial real estate this year as economic tailwinds and immigration policies support the booming sector, according to a report by CBRE, but it says the…

Construction

Federal Government Invests in Affordable Rental Housing in London

Building Jan 13, 2020

The federal government is investing over $130 million for the construction of two multi-residential buildings comprising of 420 units, located at 495 Talbot St and 110 Fullarton St in London."Through the National Housing Strategy,…

Real Estate

KPMG Reports Owning a Home is Becoming Unachievable for Millennials

Building Dec 12, 2019

Soaring house prices and rising personal debt are making it impossible for many millennials to ever afford a home, according to a new poll commissioned by KPMG in Canada.The KPMG Millennials and Retirement poll finds that while…

Real Estate

Growing population, declining mortgage rates speed up B.C. housing recovery

Dirk Meissner – THE CANADIAN PRESS Nov 25, 2019

VICTORIA – Housing sales in British Columbia are climbing faster than anticipated after a downturn, but a rebound won't be as inflamed as the sellers' market two years ago, says a report released Monday by Central 1 Credit Union.…

Real Estate

Tory plan to ease mortgage stress test rules may increase debt, raise prices

Aleksandra Sagan – THE CANADIAN PRESS Sep 24, 2019

Conservative leader Andrew Scheer's pledge to extend mortgage amortization maximums for some homebuyers and loosen a contentious stress test would likely lead to more debt and higher property prices, some experts say.''Oh my god,…

Building

Governments of Canada to Invest $394.2M in Housing Affordability in Nova Scotia

Building Aug 21, 2019

The federal and provincial governments have reached a bilateral agreement to prioritize affordable housing under the National Housing Strategy (NHS) for families, Indigenous communities and vulnerable Canadians in Nova Scotia.This…

Real Estate

Rent Affordability for Low-Income Canadians Worse Than Mid-July: Rentals.ca Report

Building Aug 21, 2019

The August National Rent Report, produced by Rentals.ca and Bullpen Research & Consulting, shows affordability for low-income Canadians looking for a place to rent is worse than reported in mid-July by the Canadian Centre For Policy…

Real Estate

Study says rents in most cities are unaffordable for lower income earners

Jordan Press - The Canadian Press Jul 18, 2019

OTTAWA — A minimum-wage worker could afford to rent in just a few neighbourhoods in Canada, suggests a new analysis of the country's rental market that also raises questions about a promised federal rent-supplement program.The report…

Real Estate

Details of the First-Time Home Buyer Incentive announced

Building Jul 11, 2019

This week, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), announced the details of the First-Time Home Buyer Incentive,…

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