Kelly Singh Advocates for Fourplex Housing in Mississauga Amid Housing Crisis Kelly Singh, a 32-year-old resident of Mississauga, expresses concern about the changing landscape of her community due to Canada’s housing crisis. As housing prices in the Greater Toronto Area continue to rise, Singh has observed her friends and neighbors, who grew up in Mississauga, …
Home sales in Canada experienced a decline in September as listings saw a rise, according to the Canadian Real Estate Association (CREA). CREA also adjusted its sales and price forecast accordingly. National home sales dropped by 1.9% between August and September, with listed properties increasing by 6.3% month over month. New listings have risen by …
The Liberal government has introduced Bill C-56, known as the Affordable Housing and Groceries Act, in an effort to address the affordability crisis facing Canadians. The bill includes measures to stimulate the construction of new rental properties and increase competition in the grocery sector. Finance Minister Chrystia Freeland announced that the bill would provide a …
The removal of GST for rentals in Canada by the federal government is a positive step towards increasing housing affordability. However, experts believe that its impact on rents will not be immediate. Prime Minister Justin Trudeau recently announced the removal of the five per cent tax, a promise that was initially made during the Liberal …
According to a new survey released by Re/Max Canada on Tuesday, Canada’s housing market could experience a slowdown this fall as potential buyers and sellers wait to see what the Bank of Canada does with interest rates. The report suggests that home prices will remain stagnant from August until the end of the year due …
Two Premiers Urge Bank of Canada to Halt Interest Rate Hikes Ontario Premier Doug Ford and British Columbia Premier David Eby have both sent letters to Bank of Canada Governor Tiff Macklem, urging the central bank to halt interest rate hikes leading up to its next rate decision on Wednesday. Premier Ford expressed concern over …
As interest rates continue to rise, many individual buyers are being priced out of Canada’s housing market. In response to this, brokerage firm Royal LePage has released a report indicating that Canadians are increasingly turning to family and friends to afford a home. The report, based on an online survey conducted by Leger in August, …
This article is the fifth installment of the “New Roots” series, which examines the impact of evolving migration patterns and affordability challenges on communities in Canada since the COVID-19 pandemic. In this installment, Michelle Schiewe, a 48-year-old day trader and single mother, is preparing to leave her beloved community of Revelstoke, British Columbia. Revelstoke, with …
The federal cabinet is set to discuss the possibility of revisiting the national housing strategy and holding a national housing summit with other levels of government and the private sector to address the growing housing crisis in the country. This topic is being discussed at the cabinet retreat in Charlottetown, as the Liberals plan to …
The federal government is facing increasing pressure to address the housing supply shortage in Canada. As opposition leader Pierre Poilievre criticizes the government for unaffordable housing, the minister in charge of the housing portfolio is exploring new approaches to tackle the issue. The rising levels of immigration and the impact of rising interest rates have …