Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices. New initiatives come as Liberals conclude caucus meeting in London, Ont. …
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Tax incentives, GST removal, favourable financing still on table as government hopes to ease housing pain
Housing Minister Sean Fraser says the government is still considering a wide range of potential moves to help ease the acute housing insecurity Canadians across the country are feeling. Poilievre calls current situation "fundamentally unjust and wrong" Housing Minister Sean Fraser is keeping a wide range of options on the …
Read More »With millions of mortgages coming due, finance minister expects banks ‘to work with’ Canadians
Finance Minister Chrystia Freeland says that the interests of banks, government and Canadians are aligned when it comes to the process of renegotiating millions of mortgages over the next 18 months. New mortgage charter isn't binding but Freeland believes lenders will follow it Finance Minister Chrystia Freeland expects banks will …
Read More »He slept on night buses and in a storage locker to avoid homeless shelters
After losing his home in June, John Grant Yusak headed to a Walmart parking lot in south Ottawa. That was only the beginning of his journey. John Grant Yusak spent 6 months seeking out spots to pass the night in Ottawa Three days before Christmas, John Grant Yusak was evicted …
Read More »Federal government promising a ‘renters’ bill of rights’ in upcoming budget
Prime Minister Justin Trudeau announced that his government will introduce new measures — including a new “bill of rights” — that he says will help protect those who rent their homes as part of the upcoming budget. Trudeau expected to make more pre-budget announcements in coming weeks Prime Minister Justin …
Read More »Federal government pledges $6B for housing in new infrastructure fund
The federal government is pledging billions of dollars in new money to tackle Canada's housing crisis, but much of it will only be accessible if provinces and territories agree to certain conditions, Prime Minister Justin Trudeau says. Some money only accessible if provinces, territories meet certain conditions The federal government …
Read More »Trudeau announces $2 billion to support B.C. plan to build rental homes on under-used public land
The federal government has committed $2 billion to help finance B.C. Builds, a new program aimed at constructing thousands of rental homes on underused public land, which would then be available to middle-income earners. Premier says prime minister has taken note of the province's initiatives to increase stock, affordability The …
Read More »The dirty secret of the housing crisis? Homeowners like high prices
Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says the emphasis on increasing housing supply obscures our collective addiction to ever-rising home prices. Large chunk of housing demand in Canada comes from investors If you listen to …
Read More »This single mom ran away from the daily grind — and she’s happier for it
Stephanie Moyst is working a full-time job at an insurance company and two side gigs to pay the bills. She moved away from the city for a more affordable life, and now she and her son live in a century-old heritage home. Stephanie Moyst juggled jobs for 20 years before …
Read More »Private jets, yachts and parties: Ontario landlords flaunted lavish lifestyle as business began to crumble
In a 2022 promotional video, Robby Clark stands at the bow of a yacht, arms raised to the sky as a camera circles overhead. "You can stick me in the desert with nothing and I’m going to come out owning the desert," he says. Less than two years later, his …
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