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Construction

Huron County councillors push for expedited housing results

Cory Bilyea, Local Journalism Initiative Reporter May 20, 2022

WINGHAM ADVANCE TIMES HURON COUNTY – Several county councillors spoke up after a presentation by Tim Welch, principal of TWC Consulting Inc, regarding the Huron County Housing Renewal Plan, commenting on how this critical initiative needs…

Real Estate

Housing crisis in Ontario worse than ever, Gen Squeeze says

Morgan Sharp, Local Journalism Initiative Reporter May 18, 2022

CANADA'S NATIONAL OBSERVER House prices and rents in Ontario have become more unaffordable in the past two years than in any other recent two-year period anywhere in the country, according to a new report from Generation Squeeze.…

Real Estate

Inflation sets fresh three decade high at 6.8% in April with little sign of cooling

Craig Wong – THE CANADIAN PRESS May 18, 2022

OTTAWA – The cost of nearly everything at the grocery store continued to climb higher to help push the annual inflation rate to a fresh three-decade high in April and economists warn prices could continue to heat up.Statistics …

Real Estate

Bruce County launches affordable housing toolkit

Pauline Kerr, Local Journalism Initiative Reporter May 16, 2022

THE WALKERTON HERALD TIMES BRUCE COUNTY – Staff have been working with a consulting firm to develop the affordable housing toolkit.Phase one of the toolkit was launched May 5. It's a web-based document that provides pertinent…

Real Estate

BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from…

The Canadian Press May 12, 2022

MONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said…

Construction

Promise tracker: What the Ontario parties are pitching on the campaign trail

The Canadian Press May 11, 2022

TORONTO – A running list of election promises announced by the Progressive Conservatives, NDP, Liberals and Greens in Ontario since late March: Progressive Conservatives May 9: Increase disability support payment rates by five per…

Real Estate

RioCan REIT sees demand for retail space soar as it reports first quarter profit

Tara Deschamps – THE CANADIAN PRESS May 11, 2022

TORONTO – RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation.Jonathan Gitlin, the real estate company's chief…

Real Estate

Municipal tax rate twice the inflation rate as city delivers its latest budget

Timothy Schafer, Local Journalism Initiative Reporter May 10, 2022

THE NELSON DAILYInflation and wage cost pressure have left the city with no choice but to raise municipal taxes by twice the average annual amount.The city will be bumping its annual taxation figure by a full four per cent, nearly…

Real Estate

OREA Calls on Provincial Parties to Prioritize Housing Policies

Building May 9, 2022

According to the Ontario Real Estate Association, with the Canadian dream of home ownership on life support in Ontario, Ontario REALTORS are calling on all political parties and candidates running in the 2022 Ontario election to…

Real Estate

Ontario NDP, Tories promise to boost housing supply through differing measures

Holly McKenzie-Sutter and Allison Jones – THE CANADIAN PRESS May 9, 2022

Ontario's New Democrats and Progressive Conservatives are both promising to build 1.5 million homes in 10 years, with housing affordability becoming one of the main election issues in a province grappling with a dearth of supply and…

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