Browsing Tag

homeowners

Unprecedented construction needed in B.C. to offset record immigration: Report

The Canadian Press Mar 29, 2023

VANCOUVER — Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report on Tuesday.The province…

Real Estate

Some young Canadians are downsizing their homes to cut back on their expenses

Noushin Ziafati - The Canadian Press Mar 28, 2023

Last month, Chelsea Hunt and her husband concluded that the cost of living had skyrocketed to a point where they could no longer afford to stay in their apartment and needed to move.``We were living paycheque to paycheque,'' the…

Real Estate

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…

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…

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