Housing

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Ottawa Is Flirting With A Policy Disaster

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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Canada Has A Housing Shortage. So Why's It Punishing Homebuyers?

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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Poverty Is The Expensive Root Of Many Illnesses In Canada

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.
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Another Apology Is Needed From Kathleen Wynne

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.