City faces urgent need for new rental buildings
While purpose-built rentals are needed badly, research firm Urbanation reports only two such projects - totalling 798 units - began construction last quarter.
Source: canada.com
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Justin Trudeau Is Shifting Some of the Blame for Eye-Popping Housing Costs in Canada
(Bloomberg) -- Canadian Prime Minister Justin Trudeau heaped some of the blame for skyrocketing housing costs on high interest rates and inaction by other levels of government, signaling a more defensive tone on an issue where his main political rival has hit him hard.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Ra
Source: yahoo.com
Ontario family with two years' rent can't find home in GTA
A Canadian family offering to pay rent for the next two years in advance can't find a place to live in a suburb north of Toronto. Adrian Ghobrial reports on the rental housing crisis that has demand soaring and prices skyrocketing.
Source: ctvnews.ca
Interest rate hikes have returned. But don't expect home prices to drop
Two straight interest rate hikes from the Bank of Canada are expected to cool the national housing market but experts say not to expect price drops.
Source: q107.com
Interest rate hikes have returned. But don't expect home prices to drop - National
Two straight interest rate hikes from the Bank of Canada are expected to cool the national housing market but experts say not to expect price drops.
Source: globalnews.ca