by Kevin Russell | Jul 13, 2024 | News
VIDA Launches $300M Fund to Combat Canada’s Affordable Housing Crisis HALIFAX, NS, July 8, 2024 /CNW/ – Canada is facing a critical shortage of affordable apartments and those that exist are vanishing faster than new ones can be built. VIDA announced today...
by Kevin Russell | Jul 13, 2024 | News
Will unlocking public land to developers effectively create affordable housing? High land acquisition costs pose significant barriers that Ottawa plans to overcome with long-term leases In a landmark move outlined in its 2024 federal budget, the Canadian government...
by Kevin Russell | Jul 13, 2024 | News
Canadian Mortgage Borrowers To Reduce Consumption Even After Rate Cuts: BoC Canada’s sharp and unexpected rate hikes will continue to produce damage, even after rate cuts. A new staff research note from the Bank of Canada (BoC) shows the overnight rate is much higher...
by Kevin Russell | Jul 5, 2024 | News
More rental housing development needed despite recent rise: RBC economist Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill...
by Kevin Russell | Jul 5, 2024 | News
Canadian Households Now The Third Most Indebted In The World Canadian households are more indebted than they think. A new report from Quebec-based Desjardins’ shows households recently accumulated a world class amount of debt. In fact, households borrowed so much that...
by Kevin Russell | Jul 5, 2024 | News
Canadian Mortgage Arrears Rate To Rise 50% In 2024: Fitch One of the world’s largest credit rating agencies sees a bumpy road for Canadian mortgages. Fitch Ratings’ latest Global Housing & Mortgage Outlook shows the mortgage arrears rate rising modestly in Canada...
