MISSISSAUGA MAYOR-ELECT WANTS TO WORK WITH FORD GOVERNMENT ON URGENT HOUSING NEEDS
The mayor-elect of Mississauga says she wants to work with Ontario Premier Doug Ford’s government to build more homes and plans to strike a panel to speed up the building approval process in her city. Carolyn Parrish, a former long-time Liberal MP, was elected Monday in a competitive mayoral by-election that centred around the city’s housing needs – which she says are urgent. “It’s got to be done fast, because we’re losing people every day,” she said in an interview Tuesday. Mississauga, which...
read moreWEEK OF JUNE 10 2024 NEWSREEL WITH VANESSA TOPPLE
The government loudly proclaimed the launch of another program intended to address affordable housing, they also quietly made changes to another program – why? ...
read moreAS MORE IMMIGRANTS MAKE SASK. HOME, PRESSURE ON THE RENTAL MARKET IS HURTING AFFORDABILITY
Shafqat Nabi and Aisha Jamal say that in their short time in the city, they have found Saskatoon to be a very welcoming place — but not its rental market. The couple and their twin daughters moved to Saskatoon from Qatar last month. They also visited the city last summer, and they say rents have really jumped since then. “I definitely feel there is a jump of almost 20 per cent in terms of rent, and there are a lesser number of houses available at this point of time,” Nabi said....
read moreMONTREAL TO BEEF UP INSPECTIONS FOR RENTAL UNITS
With an aging stock of rental units, Montreal aims to beef up inspections of buildings, hoping to crack down on slumlords and prevent a general degradation of living conditions. The city announced on Thursday it would spend $3 million to inspect 8,000 buildings and 130,000 apartment units over five years. A further $1.5 million over three years will be given to community groups that help tenants advocate for their rights. It’s good news for tenants living in unsafe or unsanitary conditions,...
read moreSEVEN YEARS OF NDP AND HOUSING KEEPS GETTING WORSE
After seven years under the NDP, British Columbians face an escalating housing crisis. Despite a series of big and shiny promises made since 2017, the policies implemented by David Eby’s NDP government has exacerbated the problem at a time when the government should be doing everything possible to help alleviate it. As the housing minister and now Premier, David Eby’s approach has been filled with empty announcements and a lack of results. British Columbia now has the highest rental costs in...
read moreCOURT RULING PREVENTS DARTMOUTH LANDLORDS FROM MOVING FAMILY OUT TO MOVE DAUGHTER IN
Property owners in Dartmouth, N.S., can’t move a family out of the duplex it has rented for 13 years in order to move their daughter in. A small claims court adjudicator said it would be inappropriate to disrupt the living arrangements for the family of six. In his decision last month, Darrel Pink noted factors including how long the tenants have lived there and the shortage of housing alternatives. A lawyer who represents tenants said the decision sets a precedent and sends a strong...
read moreWEEK OF JUNE 3 2024 NEWSREEL WITH VANESSA TOPPLE
Another week, another report and this one from the National Housing Council on affordable housing is less than impressive with typical recommendations....
read moreSTATISTICS CANADA SAYS ECONOMY GREW AT 1.7% ANNUALIZED RATE IN Q1
The Canadian economy expanded less than expected in the first quarter, with weak inventory growth offsetting strong consumption gains, prompting traders to boost bets on the Bank of Canada cutting rates as early as next week. Gross domestic product in the first quarter expanded at a 1.7 per cent annualized pace, Statistics Canada reported Friday in Ottawa. That’s slower than a Bloomberg survey median estimate of 2.2 per cent and the Bank of Canada’s forecast of 2.8 per cent. The statistics...
read moreCANADA SEES INVESTMENT FLIGHT AS ECONOMY SLOWS AND GOV TARGETS INVESTORS
Canada may be in the process of losing its reputation as an investment safe haven. Statistics Canada (Stat Can) released its balance of international payments for Q1 2024, reinforcing preliminary data showing investors are looking for opportunities abroad. It also revealed foreign investors are engaging in their first divestment from the country in 14 years, as the domestic economy heads towards underperforming the global average. Foreign Investors Pulled Billions Out of Canada’s Economy ...
read moreTRUDEAU WANTS TO MAINTAIN HOME PRICES WHILE PUSHING AFFORDABILITY. IS IT POSSIBLE?
The federal government is aiming to make housing affordable for younger Canadians while retaining property value for existing homeowners, Prime Minister Justin Trudeau said in an interview with the Globe and Mail. “Housing needs to retain its value,” Trudeau told The Globe and Mail’s City Space podcast last week. “It’s a huge part of people’s potential for retirement and future nest egg.” However, some experts argue that may not be easy to do. “His comments are extremely problematic,” John...
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