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The new NDP government wants to know if the measures have done anything to improve affordability.
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A simple Google search of "political promises in Canadian real estate market" gives you an idea of where our minds are at this election. The sentiment is pretty clear. Canadians want to know what our next provincial government is going to do about the simmering B.C. real estate market?
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Budget 2017 proposes to invest more than $11.2 billion over 11 years in a variety of initiatives designed to build, renew and repair Canada's stock of affordable housing, and help ensure that Canadians have affordable housing that meets their needs. But so far it fails to address key market-related issues - again.
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Tight supply and strong demand will dominate the GTA market this year, resulting in double-digit home price growth, according to the Toronto Real Estate Board. While this forecast may be good news for existing homeowners, it might be the last thing prospective homebuyers in Toronto want to hear.
Prospective homebuyers face a growing list of challenges -- from skyrocketing prices in Vancouver and Toronto, to soft conditions in Alberta, to another round of mortgage rule changes. But there are some good reasons 2017 is still a good year to buy a home in Canada.
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Yes, thanks to insane prices and eroding affordability in Toronto, Hamilton - just 60 kilometres away - has been quietly building a reputation of its own as an up-and-coming real estate market.
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Canadians spoke loud and clear. They want a strong, collaborative national housing strategy to facilitate housing for those most in need, address the unique challenges facing indigenous peoples, eliminate homelessness, make housing more affordable and improve data collection, analysis and research.
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There's less than one week to go until the federal government tables its national housing strategy report on November 22, following months of consultations with the provinces and territories, industry experts and everyday Canadians. What will, or should, our national housing strategy look like?
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A balanced growth policy that respects and promotes sustainable development along with supplying more affordable shelter for families will help to ensure that the GTA grows while maintaining its competitive advantage in the global marketplace.
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The next several weeks are crucial in Canada's housing market. Ottawa's Let's Talk Housing initiative wrapped up consultations in late October, and is now working toward tabling the results on Nov. 22. But for anyone expecting a full-on housing policy on that date -- best not hold your breath.
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As many as 21 in total have the potential to be shut down. If residents of the east side are forced to move into more expensive neighbourhoods just in order to find a school for their children, homeowners may be forced to turn into renters as they arrive outside the comfort zone of their financial capabilities.
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City planners and developers need to realize that building a good mixture of home types for people of different incomes and ages, with amenities for people at all stages of their life, is what make a stable, healthy, vibrant city, and one where people want to, and are able to, stay and thrive.
When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.
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There's no tax quite as popular as a tax on someone else. But will the people still be on board once the bills come in for collecting the Vancouver vacancy tax, or when the foreign investment tax has to morph to catch the money coming into the country? Or if housing prices are unaffected? Or if housing prices plunge and Canadian homeowners owe more than their home is worth?
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Our landlords, who are realtors themselves and own two other investment properties in the capital region, handed us a letter that said "the time has come" to sell our house. It's a nice turn of phrase; as if the decision was made by happy circumstance, by the wind, by the cosmos. A fortuitous augury in their soup bones, say -- rather than a deliberate resolution by two human beings with rational faculties to kick a family of four out of their home because they can make a busload of cash.
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Before you opt out of the real estate game entirely, give some thought to the following considerations. Sound financial planning, a realistic budget and a few good habits will go a long way to ensuring your mortgage is affordable.
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The CRTC's rules were designed to allow independent ISPs to sell blazing-fast fibre Internet services to customers in the marketplace. Experts believe that will help make fibre available to millions of Canadians who would otherwise could not afford these important but very expensive services.
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Owning a home with someone also comes with some strings attached, so it is very important to know exactly how it can change your life both as a primary residence and also as an investment property. Being stuck on a mortgage that you no longer want can have a great impact on your financial freedom.
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The belief that people are trapped in their first home due to lack of available options in Vancouver just isn't true. The benchmark prices for condos and townhomes here are now rising at the same rate, after years of plateau. Fears of not being able to move up to a larger condo or townhouse are unfounded.
Encouraging Canadians to enter into an exceptionally inflated housing market where two houses are being built for every new person added to the working-age population may well lead to catastrophic results once the market goes into correction -- as it did in the United States in 2008, when that country's ownership rate reached 69 per cent.
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We've heard the complaints: it's tough to buy a home in Canada. But just how difficult is it? Depends entirely on where you live. Toronto-based website Rentseeker in February generated an infographic...
Overhauling our current, regressive approach would be a positive step in addressing poverty and income inequality, and ensuring a sustainable health care system for now, and future generations.
To help ensure that Internet users' voices are heard, your team at OpenMedia.ca have put together a question-by-question readers' guide to the CRTC's Choicebook survey. We hope you find it useful, and encourage you to take a few moments to prevent the CRTC from going in the wrong direction.
One night not long ago I was about to take in my daily dose of The Daily Show with Jon Stewart after work, when I was forced to deal with a new popup window on the CTV website -- CTV and other Bell Media websites are the only legal websites you can use to watch this and many other shows. But a popup appeared...
Last fall, a group of over 35 leading innovators and entrepreneurs joined OpenMedia.ca in sending a letter to Industry Minister James Moore. Our letter called for several actions to be taken to fix our broken cell phone market. Minister Moore has now replied.
Good things happen when Canadians speak out! For months, tens of thousands of citizens from right across Canada have stood up to demand the government take action for authentic choice in our broken wireless market.
Canadians have been speaking out for wireless choice and affordability for years now and, after years of telecommunications policy neglect, it looks like the government is finally starting to listen. It's heartening to see the government finally starting to reflect what Canadians have been saying for a long time now.
Ensuring Canada has an accessible, affordable, surveillance-free, and open Internet is essential for our economy, culture, and global competitiveness. Minister James Moore has the power to take on Canada's entrenched Big Telecom giants. Here are 10 actions Minister Moore should take to leave a lasting positive legacy for Canadian Internet users.
Canada's Big Three telecom giants are sounding increasingly desperate as their expensive ad campaign fails to connect with Canadians -- and now it looks like they're taking that desperation out on their employees. It's disappointing, although not surprising, that Big Telecom is resorting to strong-arming its employees into participating in their floundering campaign.
Judging by the remarkable grassroots response from Canadians, it's clear that Big Telecom has totally misjudged the national mood. They're wasting millions on misleading propaganda and expensive ads that almost nobody believes. Canadians are uniting against the lies of Big Telecom in a big way, and the results have been spectacular.
Canada's Big Three telecom giants are sounding increasingly desperate these days -- they're running expensive ads against foreign investment (read: Verizon). So what is Big Telecom really afraid of? Big Telecom's worst nightmare is seeing home-grown Canadian innovators finally have an equal platform to compete against their tired, bloated bureaucracies.