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...

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...

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...

‘Financialization’ of housing is not the problem – in fact, we need more of it Jay-Ann Gilfoy is president and chief executive of Meridian, Ontario’s largest credit union. I’ve been thinking a lot lately about two hard, but related truths: the indisputable fact that a...

Trudeau says new housing-based long-term infrastructure plan coming this fall NDP Leader Jagmeet Singh says he'll introduce legislation to ban some for-profit housing Prime Minister Justin Trudeau told Canada's mayors Friday that his government will roll out a new...

Canadian consumer debt hits all-time high, reaching $2.32 trillion in Q1 2023: TransUnion Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023. In a new...

The rising cost of housing in Canada is all about supply – by Bob Mussett There is a tremendous amount of conversation swirling around the shortage of rental accommodation and the increasing costs to rent.  Both are results of the same issue. We have a supply problem....

N.S. funded 954 new affordable rental units in last 5 years. Experts say this is far from enough Housing crisis is increasing demand for lower-cost rentals Michael Kabalen walks through a construction site that will soon be a neighbourhood of affordable rental units,...

Households now owe more than Canada's entire GDP, housing agency warns Households in other countries are paying down debt, but that's not the case in Canada Canadian households are more in debt than those in any other G7 country, and the amount they owe is now more...

For Immediate Release May 15, 2023 New survey shows fixed term leases support affordable rental housing The majority of fixed term leases go to first-time renters accessing rental housing in Nova Scotia. That’s one of the findings of a new survey conducted by the...