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During this B.C. election, decision-makers say they're acting on climate change and conserving the environment without acknowledging that out-of-control housing costs work in direct opposition to those goals. Hundreds of thousands of people commute into and out of cities they cannot afford to live in.
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A growing contingent of Canadian families are opting for the compact condo lifestyle over the white picket fence and the sprawling suburban McMansion.
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For many Canadians, their monthly mortgage payment is their largest expense. And so, when it comes time to renew your mortgage there are many things to consider. First, you need to establish the steps...
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Is the beginning of the end for Toronto's long-running housing boom?
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I'll admit it, several years ago I had a very poor opinion of the CityPlace neighbourhood in Toronto. Back then, this neighbourhood of tall condo buildings built around Fort York Blvd and Spadina Ave was a huge construction site. It was dirty, the buildings were all under a constant state of repair, and there were no amenities nearby. Then in 2013, when Fort York Blvd opened through Bathurst St, things began to change.
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Home Capital, Canada's biggest "alternative" mortgage lender, is not a bank - which today is part of its problem because it cannot create money to lend out; it has to obtain it first by attracting dep...
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Economic forces have an uncanny way of exacting revenge. Markets arise out of need, when a buyer and seller agree that each is better off from the exchange. If there are more buyers than sellers, pric...
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"Demand has been increasing for months and supply is not keeping pace."
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By setting the bar so that new homes and buildings perform better and pollute less -- at no additional cost -- we are taking an important step toward reducing our dependence on fossil fuels, and bringing construction standards in line with those being adopted across Europe and North America. The city's new policy will save us money, expand the number of jobs in green construction, and benefit our health. It's an exciting blueprint for what will become the new normal in construction in B.C. and across Canada.
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“The probability has gone from infinitesimal to possible — unlikely, but possible."
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Is Ontario's new Fair Housing Plan, comprising 16 measures designed to stabilize the real estate market while protecting homeowners' investments, actually fair? Or foul? Or is it a fail, even? Well, that depends on what part of the housing market you're in.
But confidence in personal finances is on the decline.
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"It's pretty clear that the government is investing money differently."
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The rules will tackle the affordability problem buyers and renters are facing.
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The average sales price of a home in Canada reached $548,517 in March, up 8.2 per cent in a year.
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Budget 2017 earmarked a whopping $11 billion for housing and homelessness. There's no doubt this will have a big impact. However, these funds must not only build affordable housing, they must align with poverty reduction strategies and mental health and recovery initiatives if we are to truly reduce long-term homelessness.
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The entire economy - including government revenues and thereby the services offered by these governments - depends on wild property speculation. And everyone is praying that it can somehow be maintained.
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By the time the public realizes it's a bubble, it's already over.
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"A little bit of air has been let out of the bubble."
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The time and money spent on a long commute should give pause for thought.
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Buying a house can be a great investment, but finding the cash to do so can be hard. The Home Buyers’ Plan (HBP), a program offered by the Government of Canada, is one way to help you make the big mov...
Toronto may be suffering an "undersupply" of rental units, thanks to soaring house prices.
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But a number of cities saw house prices fall last month.
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The cure for irrationality may be a mortgage rate hike.
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We've all seen news headlines over the last few years describing properties that sell for "$400,000 above asking!" These headlines make it seem like houses are selling for much more money than they ar...
The high cost of housing is the most common reason cited for millennials wanting to sell their home.
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There are still more expensive places than Toronto. Just not many.
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It's all gone too far, too fast, they say.
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Condos have soared past the half-million-dollar mark.
Stopping 100-per-cent rental rate hikes could come with its own problems.
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After two years of major cuts to AccèsLogis, the Quebec Liberals announced yesterday that its 2017-2018 budget will restore funding to social housing to its previous levels (3000 units per year). While we are happy that AccèsLogis -- the only program that allows for the construction of social housing in Québec -- was not cut further this year, our delight stops there.
Money laundering through real estate feeds poverty and worsens inequality, Transparency International says.