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homeowners

Advocates say Nova Scotia budget neglects affordable housing crisis

The Canadian Press Mar 24, 2023

HALIFAX — Housing advocates in Nova Scotia say the provincial budget neglects people struggling with affordability and those on the edge of experiencing homelessness.The government's budget, tabled Thursday, allocates $21.6 million to…

Construction

Ontario budget shows lower projections for new home construction

Allison Jones - The Canadian Press Mar 24, 2023

TORONTO — Projections in Ontario's budget for housing starts show the province's target to build 1.5 million homes in 10 years slipping further out of reach with each passing year.Nearly 100,000 homes were built in the province in 2022,…

Real Estate

Nova Scotia keeping rent cap until end of 2025, but higher increases to be allowed

Lyndsay Armstrong - The Canadian Press Mar 23, 2023

HALIFAX — The Nova Scotia government will extend a cap on rent hikes, but it plans to ease the restriction at the end of the year to allow increases of up to five per cent.The amendments announced Wednesday by Service Nova Scotia…

Real Estate

Inflation in Canada continues to slow, reaffirming BOC’s rate pause

The Canadian Press Mar 21, 2023

OTTAWA – Canada's annual inflation rate continued to slow last month, reaffirming the central bank's decision to hold its key interest rate steady.In its latest consumer price index report released Tuesday, Statistics Canada said…

Real Estate

Deflated Tri Cities real estate sales and listings continue into February

Patrick Penner, Local Journalism Initiative Reporter Mar 16, 2023

By Patrick Penner, Local Journalism Initiative ReporterTRI-CITIES DISPATCHDeflated Tri-Cities property sales and listings continued in February, according to monthly statistics released by the Real Estate Board of Greater Vancouver…

Real Estate

Canadian home sales drop 40 per cent in February compared with year ago

Brett Bundale and Tara Deschamps - The Canadian Press Mar 15, 2023

February's home sales plummeted 40 per cent from a year ago to levels not seen since before the pandemic as new listings and prices also dropped in what one economist called ``hints of a bottoming process.''The plunge in sales came as…

Construction

CMHC says annual rate of housing starts climbed 13 per cent in February

The Canadian Press Mar 15, 2023

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February.The national housing agency says the seasonally adjusted annual rate of housing starts for the second month of the year…

Real Estate

Three strategies to help fix housing supply

Nevena Dragicevic Mar 14, 2023

The causes and solutions to Canada’s housing crisis have been endlessly debated in recent years. But at the core of the challenge is a supply issue - there simply isn’t enough housing to meet demand. According to the Canadian Housing and…

Building

As Fed looks to hike interest rates higher, Rogers says BoC can carve its own path

Nojoud Al Mallees – THE CANADIAN PRESS Mar 9, 2023

OTTAWA – Canada faces its own set of economic challenges and its central bank is setting interest rates accordingly, Carolyn Rogers said as the Bank of Canada and U.S. Federal Reserve appear to be charting different paths.In a…

Real Estate

Signs of stability in Fraser Valley for home buyers and sellers

Building Mar 9, 2023

House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since…

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