Canada Housing

Budget Fails To Address Key Housing Affordability Issues – Again

YPNextHome | Posted 03.27.2017 | Canada Business

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.

It's A Different Kind Of Spring Season This Year In Real Estate

YPNextHome | Posted 03.23.2017 | Canada Business

Spring has sprung, and while spring season is normally an occasion to celebrate, with days growing longer, weather getting warmer and real estate heading into busy season, everything feels a little different this year. Canada's real estate markets are dealing with myriad of issues.

Debating The Supply And Demand Crunch In GTA New Low-Rise Homes

YPNextHome | Posted 03.06.2017 | Canada

By Wayne Karl Bryan Tuckey was on fire. Speaking at the Toronto Real Estate Board's (TREB) recent Market Year in Review & Outlook 2017 event, Tuckey ...

Double-Digit Price Increases, Limited Supply Await GTA Homebuyers In 2017

YPNextHome | Posted 02.03.2017 | Canada Business

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.

Top 10 Reasons Canada Needs A National Housing Plan

Rachel Gray | Posted 01.31.2017 | Canada Politics
Rachel Gray

Given the tenor of hate and division that surrounds us, here's an invitation to focus on something positive, and something achievable; something that will bring benefit to communities across the country, and build better health outcomes for all Canadians.

Hamilton Real Estate Has Finally Made It To The Big Time

YPNextHome | Posted 01.09.2017 | Canada Business

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.

Vancouver Ends 2016 With Drop In Home Sales, Rise in Prices

CP | The Canadian Press | Posted 01.05.2017 | Canada British Columbia

It was a tumultuous year.

How Weak Housing Supply Is Worsening Housing Affordability

Murtaza Haider | Posted 01.03.2017 | Canada Business
Murtaza Haider

The slump in new housing construction in the GTA, which is the worst observed in the past 15 years, can be addressed if one were to understand the fundamental axioms of urban economics. The land is a heterogeneous good whose fertility (profitability) varies widely over space. The provision of low productivity land in undesirable remote places does not qualify as land supply.

Ottawa Is Flirting With A Policy Disaster

Will Dunning | Posted 12.23.2016 | Canada Business
Will Dunning

The objective of that policy is to reduce mortgage lending. It means that a potential home buyer who can comfortably afford the costs of buying a home (based on their actual mortgage interest rate, which will usually be less than three per cent) might not be able to get financing, because of a new, very high "stress-test" hurdle (using an interest rate that is currently 4.64 per cent, and far above actual market rates).

Don't Want More Debt? You 'Don't Live In Real World,' Clark Says

The Huffington Post Canada | Emma Paling | Posted 12.20.2016 | Canada British Columbia

If a bank can trust a lender, so can the government, she said.

Micro Condos Are Still Trending In Canada

YPNextHome | Posted 12.13.2016 | Canada

Housing costs continue to soar in Canada's priciest real estate markets -- in spite of provincial and federal action to slow housing activity in Toronto and Vancouver. This has left many hopeful home buyers priced out of the average detached home market. Even larger condo units are picking up speed in price.

Poverty Is The Expensive Root Of Many Illnesses In Canada

Gary Bloch | Posted 12.12.2016 | Canada Politics
Gary Bloch

But the biggest barrier to ending poverty is the political orthodoxy we have lived by for the past 40 or more years, grounded in austerity: That good government is small government, that social programs must shrink and that taxes are evil. It is over this period that we have seen the most dramatic rise in poverty rates and income inequality, with a concentration of wealth in the top 1 per cent. It's time for a rethink.

Another Apology Is Needed From Kathleen Wynne

Marvin Ross | Posted 12.08.2016 | Canada Politics
Marvin Ross

How long does it take the Ontario Government from the time they decide a program is needed until they actually finalize implementation? It sounds like a joke but it isn't and it is one issue raised in the 2016 Ontario Auditor General's report. The answer is close to three decades provided there are no further missteps and/or delays.

Can Ottawa Deliver On National Housing Strategy?

YPNextHome | Posted 11.29.2016 | Canada Politics

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.

Top 10 Places To Invest In Canada

YPNextHome | Posted 11.23.2016 | Canada Business

With search terms such as "How to move to Canada" and "How to become a Canadian citizen" skyrocketing on Google during and after the election, Canada is on Americans' radar now more than ever. Now might be a good time to buy investment real estate.

What Should Canada's National Housing Strategy Look Like?

YPNextHome | Posted 11.16.2016 | Canada Politics

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?

The Sorry State Of Canadian Housing

Dan S. Barnabic | Posted 11.16.2016 | Canada Business
Dan S. Barnabic

Notwithstanding foreign buyers, surcharges and tightening qualification measures, it is quite evident that Ottawa has been complacent in allowing foreign buyers to buy up the roofs over our heads. Indeed, with little else to sell, our economy has depended on it.

Ontario's Urban Growth Shouldn't Be An Either-Or Proposition

Murtaza Haider | Posted 11.04.2016 | Canada Politics
Murtaza Haider

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.

Building A National Housing Strategy Is Easier Said Than Done

YPNextHome | Posted 11.01.2016 | Canada Business

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.

NIMBYs Should Say 'Yes' To Development In Their Backyard

YPNextHome | Posted 10.25.2016 | Canada Business

If you're lucky enough to own a small slice of the GTA's pricey property pie, you could find yourself among those vehemently opposed to any new development in their neighbourhood. After all, established Toronto hot spots like The Annex, Bloor West Village and Mount Pleasant are full, right? But here's the problem.

Housing Must Be Seen As A Basic Human Right

Zarah Tinholt | Posted 10.25.2016 | Canada British Columbia
Zarah Tinholt

Recognizing housing as a fundamental human right could be viewed as a dangerous proposition for many who treat housing as a business. It opens the door for lawsuits against both businesses and governments who fail to take the issue seriously.

Why Now May Be The Best Time To Lock-In Your Mortgage

Tim Paziuk | Posted 10.19.2016 | Canada Business
Tim Paziuk

While the federal government is trying to rein in some of the borrowing that's taking place by making it more difficult to borrow, every one of us should take heed -- interest rates will rise. I believe the most important thing individuals should be doing is locking in their mortgages (ideally for five years).

Could This Be The Vancouver Housing Market's Last Hurrah?

YPNextHome | Posted 10.19.2016 | Canada British Columbia

Nationally, real estate markets remain healthy, with home values showing modest to strong price appreciation in almost every Canadian city. New measures introduced by the federal finance ministry on October 3, designed to cool the housing market, have led to a decline in sales in Vancouver.

Honeymoon Over For Seller's Market When New Mortgage Rules Hit

Samantha Brookes | Posted 10.06.2016 | Canada Business
Samantha Brookes

The long-running seller's market will slowly become a buyer's market due to lack of affordability, which in turn could result in decreased housing prices -- as people will no longer be able to afford homes in what were previously known as "hot markets."

Housing Plan Can Help End Hidden Crisis Of Women's Homelessness

YWCA Toronto | Posted 10.05.2016 | Canada Impact
YWCA Toronto

Women's homelessness is a significant, yet often hidden, crisis facing this country. Research shows that for every person who is absolutely homeless, there are at least three more who fall into the hidden homelessness category.