Canada Housing
- Housing starts in Canada fall 7% in March from previous month, CMHC says - National | Globalnews.caglobalnews.ca Housing starts in Canada fall 7% in March from previous month, CMHC says - National | Globalnews.ca
The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 242,195 units in March compared with 260,047 in February.
> The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 242,195 units in March compared with 260,047 in February.
- Landlords have been fined 11 times in 4 years for bad faith evictions. That's far too low, say experts
There are no consequences for landlords who break the rules. This will not end well, unless something changes dramatically - and soon.
- Mississauga city council decides against fourplexes, move 'very concerning': federal minister
cross-posted from: https://lemmy.ca/post/7083978
> Mississauga city council voted down a proposal on Wednesday that would have allowed fourplexes across the city but it decided instead to ask staff to consult on the feasibility of the idea and report back. > > In a tie vote, council defeated the motion moved by Ward 2 Coun. Alvin Tedjo and seconded by Ward 5 Coun. Carolyn Parrish. The motion, which aims to address what is widely referred to as the "missing middle" of housing availability, called on the city to allow four units "as of right" in Mississauga. A fourplex is a residential building with four separate dwelling units.
archive link: https://web.archive.org/save/https%3A%2F%2Fwww.cbc.ca%2Fnews%2Fcanada%2Ftoronto%2Fmississauga-fourplexes-vote-motion-defeated-1.6993400
- Statistics Canada says Canada’s inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada’s target range.
Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.
Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase.
The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%.
https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1
- Should you rent or buy in the Greater Toronto Area?www.cp24.com Should you rent or buy in the Greater Toronto Area?
The Bank of Canada’s most recent interest rate hike may have some homeowners in Toronto recalculating their finances while renters wonder what this means for their future monthly payments.
(Phil Tsekouras / CTV News)
- Average asking price for Canadian rental unit hits record high in June: Rentals.cawww.cp24.com Average asking price for Canadian rental unit hits record high in June: Rentals.ca
The average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes and population expansion, according to a new report by Rentals.ca and Urbanation.
(Sammy Hudes / The Canadian Press)
- The 30% benchmark for affordable housing is tough. Here’s what it can afford the average worker in different parts of the GTAwww.thestar.com The 30% benchmark for affordable housing is tough. Here’s what it can afford the average worker in different parts of the GTA
As of June, the average one-bedroom rental costs about $2,200 across Ontario and more than $2,500 in Toronto.
As of June, the average one-bedroom rental costs about $2,200 across Ontario and more than $2,500 in Toronto. (By Manuela Vega/Toronto Star)
- Here's how the last BoC rate hike affected home sales in different marketswww.ctvnews.ca Here's how the last BoC rate hike affected home sales in different markets
An analysis of early housing market reports shows the Bank of Canada's last interest rate increase affected buyers differently across the country, with home sales falling in some cities while rising in others.
An analysis of early housing market reports shows the Bank of Canada's last interest rate increase affected buyers differently across the country, with home sales falling in some cities while rising in others. (Michael Lee/CTV News)
- It’s time for landlords to provide air conditioning, advocates say
Ontario is getting hotter. What can cities do to keep residents safe as temperatures rise?
(by Justin Chandler/TVO)
- Toronto police are squatting on land meant for affordable housingbreachmedia.ca Toronto police are squatting on land meant for affordable housing ⋆ The Breach
Under John Tory, Toronto’s police ducked austerity and blocked housing. A Mark Saunders mayoralty would've emboldened the force even more
Under John Tory, Toronto’s police ducked austerity and blocked housing. A Mark Saunders mayoralty would’ve emboldened the force even more (by Jay Cockburn/Breach Media)
- Toronto's housing market has cooled down significantly this summer but we'll see if it lastswww.blogto.com Toronto's housing market has cooled down significantly this summer but we'll see if it lasts
In a city where tiny semi-detached homes that require a full gutting are being listed for $1 million, places with only two bedrooms are going for $...
(Becky Robertson/blogTO)
- N.S. government announces 24 new affordable housing units in New Minas
The construction is expected to start in early 2024 (Nicola Seguin/CBC News)
- Construction labour shortage will make housing supply gap worse, experts saywww.theglobeandmail.com Construction labour shortage will make housing supply gap worse, experts say
The job vacancy rate in construction is at a record high with around 80,000 vacancies in the industry
(ROSA SABA / The Canadian Press)
- Homeownership Costs Declined In Q1 But “Full-Blown Affordability Crisis” Remainsstoreys.com Homeownership Costs Declined In Q1 But "Full-Blown Affordability Crisis" Remains
A combination of falling home prices and the temporary pause in interest rate hikes lowered homeownership costs in Q1 2023.
- As housing costs soar, some financial analysts advise to scrap the 30% rule
'The benchmark doesn't apply anymore,' says financial advisor Bruce Sellery (Maryse Zeidler/CBC News)
- Tenants worried about Hamilton apartment getting sold form co-op to buy building
The tenants have a year to make a 20% down payment on the $5.25M building (Bobby Hristova/CBC News)
- Kitchener, Waterloo reach for the sky as 26 new towers proposed in two massive projectswww.therecord.com Kitchener, Waterloo reach for the sky as 26 new towers proposed in two massive projects
Revised redevelopment plans would transform almost 18 hectares of commercial land into housing for an estimated 9,300 people
- Pierre Poilievre: Yes, Justin Trudeau deserves blame for sky-high housing costsnationalpost.com Pierre Poilievre: Yes, Justin Trudeau deserves blame for sky-high housing costs
The truth is that costs are worse than ever and worse than elsewhere
