WEEK OF NOVEMBER 18 2024 NEWSREEL WITH VANESSA TOPPLE
Owners, managers and business leaders in the province of PEI, which has some of the strictest rent control laws in Canada, is seeing their housing crisis worsen and has now put out a report detailing the issues and how investments priorities are changing the housing industry....
read moreCANADIAN BUILDING INTENTIONS IMPROVE, BUT INFLATION KILLED REAL GROWTH
Canadians are getting used to spending more and getting less, even when it comes to building permits. Statistics Canada (Stat Can) data shows total building permits made monthly progress in September, nearing new highs in seasonally-adjusted nominal terms. Before getting too excited, this growth was almost exclusively driven by state stimulus which tends to have an inflationary impact. Inflation-adjusted data shows the real dollar value peaked earlier this year and has slid in recent months....
read moreLIBERAL GOVERNMENT’S IMMIGRATION CAP WON’T FIX THE SYSTEM
If you want to know how messed up the Trudeau Liberals have made Canada’s immigration system, consider this: Between September 2024 and December 2025, 4.9 million visas for foreign students, visitors, tourists and temporary workers will expire. The problem is, there is no way to make sure anyone leaves the country. A high percentage of them won’t leave on their own. A recent examination by the Organization for Economic Cooperation and Development (OECD) found that Canada had far and away the...
read moreMAYOR CHOW PROPOSING BIG CHANGE THAT WOULD SEE BUILDINGS GO UP ALL OVER TORONTO
Mayor Olivia Chow has proposed a major change to the process of how housing is built in Toronto, one that would allow a new generation of buildings to pop up on major streets across the city. Chow is looking to implement sweeping as-of-right zoning on Toronto’s avenues that would allow for drastic changes in the city’s built form. Toronto’s development scene has been dominated by tall towers in recent years, but Chow’s new push to change zoning regulations could result in a more Parisian style...
read moreIS IT A TENANT’S RIGHT TO CHARGE AN EV AT THEIR RENTAL?
An Ottawa man feels it’s his right to charge his car overnight at his apartment building since electricity is included in his rent, but his landlord disagrees. Joel Mac Neil says he has been charging his electric vehicle (EV) at his apartment building, the Park West, with no issues for three years, until now. “I should be allowed to do this and I don’t have to hide,” Joel Mac Neil said. “I have every right to do this and charge here.” On Oct. 7, he says the...
read moreWEEK OF NOVEMBER 11 2024 NEWSREEL WITH VANESSA TOPPLE
With the BC elections finally over, we jump to the other coast to see how the Nova Scotia election is shaping up....
read moreTRUMP ELECTION WIN WREAKS HAVOC WITH RATE-CUT EXPECTATIONS GLOBALLY
Central bankers the world over are gauging whether their worst fears over Donald Trump will come to pass following his resounding return to the U.S. presidency. Trump has promised levies on U.S. imports that would upend global trade, tax cuts that would further stretch the federal budget and deportations that could shrink the pool of cheap labour. That poses two main risks: Slower economic expansion around the world and faster inflation at home that would make the United States Federal...
read moreOCTOBER JOBS NUMBER COMES IN BELOW EXPECTATIONS
Here are five things you need to know this morning: Canada adds half as many jobs as expected: There’s more evidence this morning that Canada’s economy is slowing, coming in the form of Statistics Canada’s monthly reading on jobs. The data agency says the economy added 14,500 new jobs in October. That’s a slowdown from the more than 47,000 in September and about half the 28,000 that economists were anticipating. It’s the weakest jobs number in seven months and brings the rolling 12-month tally...
read moreVANCOUVER WAS ORDERED TO BUILD 1,405 AFFORDABLE RENTALS OVER THE PAST YEAR. ONLY 313 WERE COMPLETED
Vancouver fell short of meeting the province’s housing targets for the last year, mostly due to a failure to meet the goal for affordable rentals, according to a report coming to city council. B.C. passed the Housing Supply Act last September, giving the province the authority to set a minimum number of net new units to be completed by municipalities over a five-year period. In Vancouver, the target set for the first year, from Oct. 1, 2023 to Sept. 30, 2024, was 5,202 units. In that...
read moreTORONTO REPORT RECOMMENDS FEE REDUCTIONS, OTHER STEPS TO CREATE NEW RENTALS
Of that total, the city would commit to build 7,000 rental homes through its own resources. The staff report is titled Build More Homes: Expanding Incentives for Purpose-Built Rental Housing. Among the recommendations, the city is proposing a new purpose-built rental homes incentive to move rentals through the pipeline and into construction. The program, developed in partnership with all orders of government, will advance the city’s own targets of 41,000 affordable rental homes, targets under...
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