Highlights / housing

Economy, International, Society

Canada: Among the most overpriced city housing in world

Several international rankings have consistently placed Canadian cities at or near the top of “best cities” in the world on a variety of criteria including things like safety, livability, education opportunities etc. However, a new ranking has also just listed» 

Economy

Canadian home sales edge higher in August

Home sales in Canada increased for the sixth consecutive month in August, growing by five per cent year-over-year, according to statistics released Monday by the Canadian Real Estate Association (CREA). Home sales were up in most of the country’s largest markets,» 

Economy, Society

Toronto housing prices- no bursting bubble in sight

As housing prices continue to rise quickly across Canada, Toronto remains the hottest market with no end in sight. Literally for years experts have been saying the “bubble” will burst soon and prices will drop.  There’s been no sign of» 

Indigenous, Politics

Ottawa unveils new agreement to address Arctic housing crisis

Prime Minister Justin Trudeau says the federal government has reached a new housing agreement with Nunavut to help address the housing crisis across Canada’s Arctic territory. Under the 10-year agreement the federal and territorial governments will provide nearly $316 million» 

Economy, Society

Canada rental housing crisis for low and medium income earners

A new survey on how much a person has to earn to afford rent in Canada shows a near crisis. The survey says rental costs for a 2-bedroom apartment in almost all major cities in Canada are beyond was it» 

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»