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No, house prices don't just go up forever.
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Vancouver's boom is over, but a supply shortage could keep prices up.
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OTTAWA — The federal government is looking at creating a new benefit to help low-income Canadians who struggle to pay the rent each month. Multiple sources say officials want to establish a new housin...
The country is experiencing massive floor-space inequality.
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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It was a tumultuous year.
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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.
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As house prices grow higher, questions about foreign buyers' role grow louder.
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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).
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A shortage of housing is behind the rise in home prices, real estate industry says.
Skyrocketing home prices dominated the headlines in 2016, and it's no surprise that housing unaffordability remains the news of the day as we wrap up the year. Affordability has hit an eight-year low in the third quarter of 2016.
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If a bank can trust a lender, so can the government, she said.
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B.C.'s home loan program pushes in the opposite direction of federal Liberals.
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The Bank of Canada has started using visual aids to scare people off of borrowing more.
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.
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Something happened in Toronto's housing market over the past year that really shouldn't happen in a free market. As home prices shot through the roof, the number of homes being built in the city dropped dramatically. Vancouver seems to be experiencing a similar problem. So what's going on here? Why is the supply of housing not keeping up with demand, even though there is so much money to be made? The answer, according to a growing number of experts, is that local policies and public opposition to development are killing off home construction, causing home prices to skyrocket.
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Lax ownership reporting rules are making property a magnet for money laundering.
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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.
Canadians are a little more sour than usual on the housing market these days.
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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.
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In a market where you need your parents' help to buy a house, only those whose parents own a house can buy.
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Loosen restrictions and let more homes be built, industry says.
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Canada risks falling behind if it doesn't develop its human resources, report argues.
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Foreign buyers aren't the major factor driving up house prices, Evan Siddall says.
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Follows earlier rate hikes by TD, RBC.
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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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Toronto and Vancouver are joining an elite club of cities where many can't afford to buy housing.
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.
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First-time homebuyers in Canada, you’re going to have to scale back your ambitions. Mortgage site Ratehub has crunched the numbers to see what the federal Liberals’ new mortgage rules will mean for ho...
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It's just a "stress test," not a prediction.
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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?
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.