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The Iron Ring and Canada's housing crisis: There's a lesson here
The Iron Ring and the housing crisis: There's a lesson here
Some of the most effective regulations in North America were not born in committee rooms or policy papers. They emerged from catastrophe. Canada learned that lesson with devastating clarity. It's also a lesson relevant in today's urban growth policies.
No turnaround in sight for housing starts: CMHC
The pace of homebuilding in Canada continues to slow with no near-term signs of a turnaround, Canada Mortgage and Housing Corp. said on Monday. "We expect new construction to continue trending lower going forward," CMHC deputy chief economist Tania Bourassa-Ochoa said.
Pandemic condo buyers are now 'bleeding cash'
Francesca Parc and her partner thought they’d lucked out when their offer to buy a $520,000 two-bedroom Toronto-area condo was accepted. If the couple were to sell the condo today, they estimate they’d lose $70,000 to $100,000.
CREA looks to raise dues to offset shrinking membership
For the next eight weeks, Canadian Real Estate Association (CREA) CEO Janice Myers will be campaigning for an increase in Realtors’ annual financial commitments, as the trade organization feels the pressure of inflation and a declining membership.
Investors sue after collapse of Reid's Heritage Properties
The collapse of private real estate investment company Reid’s Heritage Properties has left 182 creditors owed a combined $94.3-million, and pushed some investors into financial ruin.
Toronto seeking partner on tiny homes. There’s a catch
Toronto officials are inviting organizations to submit proposals for its Micro Shelter Pilot Project, which aims to establish a tiny homes community. Providers say the pilot presents a significant barrier as it requires applicants to bring forward their own land.
Zoning is becoming a real estate skill
OPINION: Across Canada, new zoning rules are opening the door to missing-middle housing. Buildings ranging from duplexes to small apartment buildings are now allowed on single-home lots. This shift is changing what buyers expect from a real estate agent.
Northern housing must be built as an integrated ecosystem
COLUMN: For Canada's North, the parallels between the role of housing policy now and in the post-war era should give pause. The building boom following WWII established many of the chronic housing, health and economic challenges northerners face today.
Nova Scotia's 2% temptation for young mortgage shoppers
Nova Scotia just rolled out a pilot program in which qualified first-time buyers can get a mortgage through a credit union with just a two per cent down payment. That’s a measly $8,708 on N.S.’s $435,387 average home price.
Home insurers raise prices in response to extreme weather
Canada’s home insurance safety net is starting to fray at the edges as the costs of extreme weather continue to rise. Raising premiums above the rate of inflation – sometimes steeply above – has been a common response.
Renters look to Maritimes, Prairies in search of better value
Renters are looking for housing beyond Canada’s largest urban centres. New figures from RentCafe, a rental listings and apartment search platform, have Moncton topping the national rankings for renter-interest, followed by Halifax, Saskatoon and Regina.
We have a kid and we’re still renters – by choice
OPINION: After having their son, Bryce Leung and Kristy Shen still rent – not just their home, but their car. By renting their home and using car-sharing services, they come out ahead financially – and invest that money in the stock market.
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