Highlights/housing

Economy, Society

Young Canadians priced out of home buying

A new report basically confirms what a lot of young Canadians already know. They can’t afford to buy a home. The report by Sutton Eaves and Dr. Paul Kershaw of UBC’s School of Population and Public Health shows that house» 

Indigenous

Inadequate shelter services in Arctic Canada imprison Inuit women in cycle of violence: study

Eye on the Arctic brings you stories and newsmakers from around the North The lack of women’s shelters, transition lodging and second-stage housing services is keeping Inuit women trapped in an ongoing cycle of violence, says a report from Canada’s» 

Economy, Society

It’s expensive to rent housing in Canada

A national review of average rents has come out showing the average costs of rental housing in cities across Canada. The rental listing site PadMapper puts out its report monthly. As we near the end of the year, Toronto Ontario, Canada’s» 

Economy

Home sales go up in June but remain well below last year’s levels

Home sales across Canada rose by 4.1 per cent in June compared to May, suggesting the housing market is starting to lift from the cooling effect of the new federally mandated stress-test on mortgage applicants, according to the organization that» 

Society

Housing affordability worsened in first quarter

A report by the Royal Bank of Canada found that housing became less affordable in Canada in the first three months of 2018. The figures reflect the total, before tax family income needed to pay for mortgage payments, property taxes» 

Immigration & Refugees

Toronto can’t accommodate more asylum seekers, says mayor

The mayor of Toronto, John Tory, says his shelter system cannot handle new waves of refugee claimants looking for somewhere to live. “Right now, we’re saying, we have a problem and we need help,” Tory said at a news conference.» 

Economy

March home sales plunge, average prices down too

The number of homes sold in March plunged nearly a quarter and the average price of a Canadian home sold last month was just over $491,000, a 10-per-cent drop in the past year, according to the latest market survey released» 

Economy, International, Society

Excessive house prices Canada: Who’s to blame?

Fingers pointed at foreign investment, but is it justifiable? The skyrocketing house prices in Canada, especially in two major cities, have been hot topics of discussion in Canada, and indeed in business and real estate circles around the world. The» 

Economy

Foreign buyers are small portion of home and condo owners in Canada: CMHC

Foreign buyers own less than five per cent of the housing in the Greater Toronto and Greater Vancouver areas but they tend to buy more expensive and newer properties, particularly when it comes to condos, than the average Canadian homeowner,» 

Economy

Average rent for 2-bedroom apartment in Canada hits $989 in October

As Canada’s rental vacancy rates decreased over the past year, the average monthly rent for a two-bedroom apartment in Canada was pushed up to $989 in October, a rise of 2.7 per cent in the past 12 months, according to»