Canada housing Financial News

21.09 / 22:19

Canada housing Grocery prices Can Ottawa make a dent in housing, grocery prices? What a new bill would do

The Liberal government is looking to spur the construction of new rental stock and increase competition in industries like Canada’s heavily concentrated grocery sector as part of a new bill aimed at improving affordability for Canadians facing a cost of living crisis.

16.09 / 13:47

Housing Canada housing housing crisis Affordability Time GST removal on rental builds won’t lower prices any time soon, experts say

The federal government’s removal of GST for rentals in Canada is a welcome step to create more housing affordability but its impact on rents likely won’t be felt any time soon, experts told Global News.

14.09 / 15:03

Immigration Canada housing housing crisis international students NOT Canada on pace to build fewer — not more — homes by 2030 target: CMHC

Canada’s housing supply gap has shrunk marginally since last year, but the Canada Mortgage and Housing Corporation (CMHC) projects the country will still be short 3.45 million homes by 2030 in order for housing to be affordable for most Canadians.

05.09 / 18:43

interest rate Bank of Canada Canada housing Canada housing market housing market Home prices fall As interest rate decision looms, here’s what to expect in the fall housing market

Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday.

05.09 / 18:43

inflation Interest rates interest rate Housing Bank of Canada Canada housing Bank of Canada faces political pressure to hold rates. But will it matter?

Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging the central bank to halt interest rate hikes ahead of its next rate decision Wednesday.

31.08 / 18:51

Interest rates interest rate Bank of Canada Canada housing Canada housing market Bank of Canada rate housing market Why some Canadians are ‘pooling their resources’ to afford a home

As rising interest rates are boxing many individual buyers out of Canada’s housing market, brokerage Royal LePage says in a new report that Canadians are increasingly teaming up with family and friends just to afford a home.

17.08 / 01:25

Canada housing Canada housing market Construction Should Ottawa build homes again? ‘Conversations’ happening, minister says

As pressure mounts on the federal government to take a more active role in filling the housing supply gap, the minister in charge of the portfolio is exploring new — and potentially old — approaches to getting homes built.

15.08 / 14:41

Canada housing Canada housing market housing market Home prices rate hikes ‘Back to the sidelines?’ How rate hikes affected July’s housing market

A slowdown in homebuying activity is giving Canada’s housing market time to build up inventory, according to the country’s real estate association.

15.07 / 13:49

Real Estate inflation Interest rates Canada housing Canada housing market Canada News housing market Looking to buy a cottage this summer? Here’s where prices are dropping

As the weather heats up in Canada, cottages prices are cooling down, but sticky inflation and soaring interest rates are dampening plans for prospective first-time buyers, real estate experts say.

04.07 / 23:13

Real Estate inflation Canada housing Canada News Wealth gap between rich and poor widens at fastest pace on record in Canada

The wealth gap between the rich and poor in Canada widened at the fastest pace on record in the first quarter of 2023 compared with the year before, according to Statistics Canada, amid high inflation and declining real estate values.

30.06 / 10:55

Canada housing Costs Homebuilding costs have surged 51% since the pandemic began

The cost of homebuilding in Canada has soared since the start of the COVID-19 pandemic, a new RBC report shows, just as the country is attempting to aggressively scale up housing supply amid a growing population.

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