Industry groups urge government to prioritize purpose-built rentals to tackle housing deficit
Posted: Feb 14th, 2023In: ConstructionNewsA new report by the Building Industry and land Development Association (BILD) and the Federation of Rental-housing Providers of Ontario (FRPO) has warned of a concerning shortage of rental housing in the Greater Toronto Area[...]
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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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RioCan REIT sees demand for retail space soar as it reports first quarter profit
Posted: May 11th, 2022In: ConstructionNewsTORONTO – RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation. Jonathan Gitlin, the real estate[...]
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New non resident property taxes in Nova Scotia forcing tough decisions on homeowners
Posted: Apr 22nd, 2022In: ConstructionNewsHALIFAX – Michelle Keall says she is considering selling her home in Nova Scotia because of the provincial government’s new tax on non-resident property owners imposed to ease the housing shortage. “I feel like I’m[...]
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Nova Scotia’s finance minister defends two new taxes on non-resident property owners
Posted: Apr 15th, 2022In: ConstructionNewsTwo new taxes targeting non-resident property owners are necessary to help Nova Scotians gain access to housing at a time when vacancy rates are extremely low, Finance Minister Allan MacMaster said Friday. But it’s still[...]
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Nova Scotia Realtors question whether tax on non residents will ease housing shortage
Posted: Apr 10th, 2022In: ConstructionNewsHALIFAX – New tax measures aimed at non-resident property owners announced in Tuesday’s Nova Scotia budget are sending the wrong message, Realtors in the province say. As of Friday, non-residents who buy a property and[...]
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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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