WEEK OF NOVEMBER 4 2024 NEWSREEL WITH VANESSA TOPPLE
Toronto city staff announces bold plan intended to inject life into the multi residential development market....
read moreCANADIAN PERMANENT RESIDENT APPLICATIONS FALL 57%, WEAKEST MONTH IN YEARS
Canada plans to limit permanent resident visas next year, but they’re already plunging lower without restrictions. Immigration, Refugees and Citizenship Canada (IRCC) data shows permanent resident applications made a sharp drop in July. Even if the current trend stops eroding and stabilizes, the country would struggle to hit next year’s planned limits without any policy changes. A problem that policymakers would have been aware of when they decided to make the announcement. Canadian Permanent...
read moreN.S. POLITICAL PARTIES ALL TRY TO MAKE AFFORDABILITY THEIR ISSUE
In the three years since Nova Scotia’s last election, rent and mortgage payments have risen, sticker shock has become a common experience at the grocery store and homelessness has skyrocketed. Tammy Brunet is one of the many Nova Scotians who is struggling in the face of those realities, and her experiences with housing and the surging cost of living are now shaping her interest — or rather, apathy — in provincial politics. Earlier this year, Brunet’s landlord told her she had to...
read more2024 ONTARIO FALL ECONOMIC STATEMENT: DEFICIT CUT TO $6.6B, FEW NEW INITIATIVES
As the Ford government aims to advance an agenda centred around building Ontario infrastructure and jobs, officials have unveiled few new initiatives beyond what was previously announced in the 2024 budget as they slash the projected deficit by more than $3 billion. In the 2024 Ontario fall economic statement unveiled at Queen’s Park Wednesday afternoon, the government is currently set to run a $6.6-billion deficit for the 2024-2025 budget year as it’s on track to spend more than $218 billion....
read moreEDMONTON LEADS IN HOUSING METRICS
In an earlier blog this year, I discussed the Edmonton Region’s rapid and unprecedented population growth. Since writing that post, it looks like growth has accelerated and is set to surpass 2023 levels in 2024. While this influx adds pressure to services like infrastructure and education, the Edmonton Region appears to be responding effectively in one crucial area: housing. Housing Affordability As explored in another one of my past blogs, Edmonton continues to rank among Canada’s most...
read moreWEEK OF OCTOBER 28 2024 NEWSREEL WITH VANESSA TOPPLE
The Federal government once again is changing immigration policies – and this one is noteworthy....
read moreHAPPY DIWALI FROM RHB!
May the light of Diwali shine in your life and bring you peace, prosperity, and happiness. Happy Diwali from RHB!
read moreTORONTO LANDLORDS WHO EVICT TENANTS TO RENOVATE COULD REQUIRE RENOVICTION LICENCE AS EARLY AS NEXT SUMMER
Landlords who plan to evict tenants to renovate their properties may soon be required to apply for a licence and provide additional financial compensation to the tenants they are displacing. City staff released new details Wednesday of a proposed bylaw that they hope will curb illegal “renovictions” in Toronto. The bylaw, which still needs to be approved by city council, borrowed elements from a similar one developed by the City of Hamilton, which recently became the first municipality in the...
read moreVICTORIA CONDO OWNERS SEEK COMPENSATION FOR PROPERTY VALUE DROP DUE TO NEW RENTAL RULES
Owners of 22 former short-term rental units in Victoria have filed nine lawsuits against the province, arguing legislation banning short-term rentals amounts to expropriation of their units, and owners are owed compensation.The lawsuits were filed in the Supreme Court of B.C. in Victoria last week.Provincial rules banning most short-term rentals unless they are in an owner’s principal residence came into effect May 1, prompting an outcry from owners of condo units used for vacation rentals....
read moreRENTS FORECAST TO SOAR IN MAJOR CITIES AS SUPPLY ISSUES PERSIST
If there’s one thing Canadians like to talk about, it’s home prices. That’s something Erkan Yönder, now an associate professor of finance at Concordia University, noticed when he arrived in Montreal more than five years ago and opened his first Canadian bank account. “The first question I got when I came to Canada was, ‘What will happen to the house prices in Montreal?’” he says, recalling a conversation he had with a bank employee at the time. “This is my sixth year in Canada, and everybody...
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