by Kevin Russell | Jun 30, 2023 | News
Canada’s Bank Regulator Moves To Tighten Credit As Impaired Loans Surge Canada’s bank regulator is growing increasingly concerned about a risk event. This morning the Office of The Superintendent of Financial Institutions (OSFI) raised the Domestic stability buffer...
by Kevin Russell | Jun 30, 2023 | News
Are Canadian Governments a Vampire in Housing Affordability? A new study of Vancouver, Kelowna and Saanich confirm government costs consume as much as 29 per cent of an apartment purchase price and 33 per cent of average rent. A similar Ontario-based study finds...
by Kevin Russell | Jun 30, 2023 | News
Development levies threaten the viability of rental projects Recent fee increases would have killed massive new rental project in South Vancouver, says developer One of Vancouver’s largest-ever rental projects broke ground June 15, but the scale of the project would...
by Kevin Russell | Jun 30, 2023 | News
Canadian Households Dedicate A Record Share of Income To Debt Payments Canadians went on a record debt binge, and are now left with one of the worst hangovers in history. Statistics Canada (Stat Can) data shows the household debt service ratio (DSR) surged to a new...
by Kevin Russell | Jun 10, 2023 | News
The Bank of Canada’s decision to hike rates on Wednesday will put additional pressure on Canada’s already tight rental market, experts say. The BoC’s surprise 25-basis-point hike has pushed the overnight lending rate to 4.75 per cent and will indirectly cause shelter...
by Kevin Russell | Jun 10, 2023 | News
Halifax going after millions in federal funding to speed up housing starts HRM hoping to get more than $73 million over four years HALIFAX, N.S. — Halifax is going all in on an application for its share of $4 billion in federal housing accelerator funding. At a...
