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 that it is...

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...

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...

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...

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...

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...

Rent control not the solution to N.S. housing crisis Anybody who says, as NDP Leader Claudia Chender did in her submission (Homes within reach for all Nova Scotians, June 7), that more rent control is the solution to the housing crisis, simply does not know what...

Worried over water capacity, Stewiacke considers halting development Town officials were in Calgary during a major water main break A development boom in Stewiacke, N.S., could be put on hold for upwards of a year as council seeks assurances the town's water system...

N.S. is offering land for affordable housing. Some say there is a catch Of 10 projects, 2 dropped out, 1 under construction, others waiting for approvals Larry Thomas walks to the edge of a piece of forest in Hammonds Plains, where he'd hoped by now to see shovels in...

Court ruling prevents Dartmouth landlords from moving family out to move daughter in Security of tenancy, housing crisis cited as key reasons by small claims court adjudicator Property owners in Dartmouth, N.S., can't move a family out of the duplex it has rented for...