Toronto’s housing plan could take years to improve affordability for renters: experts
Posted: Dec 20th, 2022In: ConstructionNewsToronto’s recently approved housing plan is a good step forward but it could take years before the increase in supply makes renting more affordable in the city, urban planners and experts say. Toronto city council[...]
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Renting increased by three times the rate of home ownership in last decade: RBC
Posted: Dec 12th, 2022In: ConstructionNewsTORONTO – Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the past[...]
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Does the budget address N.B.’s affordable housing shortage?
Posted: Mar 29th, 2022In: ConstructionNewsSaint John, New Brunswick skyline (photo: Wikimedia Commons) RIVER VALLEY SUN New Brunswick Finance and Treasury Board Minister Ernie Steeves tabled an $11.3 billion budget on Tuesday, March 22, focusing on tax cuts and relief[...]
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Housing minister, municipal governments at odds over B.C. housing supply report
Posted: Mar 25th, 2022In: ConstructionNewsVANCOUVER – A municipal government report that says British Columbia is building enough homes to match the province’s population growth has drawn sharp criticism from the housing minister. The Union of B.C. Municipalities (UBCM) report[...]
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Average rents in Canada up 4.4% year over year
Posted: Feb 25th, 2022In: ConstructionNewsThe average rent for all Canadian properties listed on Rentals.ca in January was $1,807 per month, up 4.4 per cent annually and 1 per cent monthly, according to the Rentals.ca and Bullpen Research & Consulting[...]
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National rental price up 3% from last year, while vacancy rates hold steady: CMHC
Posted: Feb 18th, 2022In: ConstructionNewsCanadian tenants faced another year of affordability challenges as rents crept up nationally and were particularly high in Vancouver and Toronto. The findings from Canada Mortgage and Housing Corp.’s annual rental market report released Friday show the[...]
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GTA New Condo Sales Soar to Near Record High in 2021: Urbanation
Posted: Feb 3rd, 2022In: ConstructionNewsUrbanation Inc., released its year-end 2021 Condominium Market Survey results, showing Greater Toronto Area (GTA) new condominium apartment sales totaling 30,844 units in 2021, increasing by 69% over 2020 (18,282 units) and narrowly missing the[...]
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Toronto Area Condo Rental Market Tightens in Q4
Posted: Jan 31st, 2022In: ConstructionNewsAccording to the Toronto Regional Real Estate Board (TRREB), condominium apartment rental transactions dipped in Q4 2021 compared to the same period in the previous year. This drop was due to an even greater year-over-year[...]
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