Investor home owners looking for a tax break on losses wait for CRA’s tap on the door Letters asking about profitability from the CRA to landlords looking for tax relief on losses are nothing new, says tax specialist There are hundreds of thousands of rented homes...

What's driving the battery fires with e-bikes and scooters? As firefighters battled a five-alarm fire at a supermarket in the Bronx earlier this month, New York City officials gathered beside what they said was the cause of the fire: the blackened shell of what was...

Atlantic Provinces’ Spending Growing Faster Than Own Source Revenues HALIFAX — Increased spending, inflation, and higher interest rates on debt are all contributing to budget imbalances in Atlantic Canada, according to the latest report from the Atlantic Provinces...

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...

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...

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...

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...