Housing Crisis

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Canada's Real Estate Must Be About People, Not Speculators

When people's incomes are locked into making mortgage payments or rent, small businesses and local economies suffer. High mortgages mean little flexibility, and not much left over for other life purchases. The consequence: big chunks of cash flow to Bay Street instead of Main Street. There is no question that the province needs to take action now to combat speculation, increase supply and decrease demand.
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We Couldn't Escape B.C.'s Spreading House Nightmare

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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Can You Afford Your Mortgage In 2016?

Many Canadians are opening up their January credit card statements, reeling from the holiday hangover and newly acquired debt they racked up last month. It sure adds up quickly: gifts, some travel, a few nice dinners over the holidays. What would happen if credit card interest rates doubled? How many of us would fall behind in our credit card payments? It sounds horrible but rest assured it is unlikely. But it is far more likely to happen with our mortgage rates. Could you afford your home in 2016 if interest rates rise?
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Saskatoon's Housing Crisis Is a Health Emergency

Despite a strong economy, Saskatchewan has a deficit in access to safe and affordable housing. The Saskatoon Housing Initiatives Partnership performed a "point-in-time" count of people without a home on a given night and found 405 people. The number from these counts has steadily increased. What's especially disturbing is that 45 of the homeless individuals in this year's count were children. Across Canada, an estimated 235,000 people will experience homelessness in the course of a year, with 35,000 homeless on any given night. Beyond those who are homeless, many Canadians struggle to maintain the housing they have.
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Let's Make Affordable Housing a Federal Election Issue

There are 235,000 Canadians who experience homelessness in the course of a year. And 1.6 million more Canadians are at risk of losing their homes according to CMHC. All this misery while study after study shows that it is cheaper for the public purse to house someone than leave them on the street, moving in and out of shelters, emergency hospital rooms and even jails in some cases. I think we all understand intuitively the importance of having decent shelter. A home anchors a person, anchors a family.
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How to Build Better Suburbs

Agrihoods can also be potentially profitable, partly by attracting buyers and appreciating property values. Agritopia is not only self-sustaining, but actually generates revenue by selling produce to upscale restaurants and chefs.