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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Canada’s debt charges are ballooning as Freeland tables a gloomy fall economic statement
The cost to service the federal government's sizeable debtload will spike in the years ahead — and those public debt charges will eat up much more of Ottawa's revenue than they have in recent years, according to Finance Minister Chrystia Freeland's fall economic statement, tabled today. Freeland's document suggests Canada …
Read More »Ontario has a rental housing enforcement unit. It investigates a fraction of cases and fines even fewer
According to data obtained by CBC Hamilton, on average per year the Rental Housing Enforcement Unit receives over 18,400 calls, opens 1,500 cases and investigates around 200 cases. But a Hamilton tenant hopes she can find justice with the unit, despite its track record. A Hamilton tenant fighting a renoviction …
Read More »Why Canada’s ban on foreign buyers hasn’t made homes more affordable
A year-old foreign buyers ban aimed at making housing affordable for Canadians had too many exemptions and was more of a political manoeuvre, according to critics. They say it’s clear housing remains out of reach for too many in Canada, and it's time to look at strategies that have worked …
Read More »Divorcing couples under more pressure with higher housing costs and tough choices to make
Divorce brings many challenges, including finding new accommodations under duress. The high cost of housing is making that part of the process that much harder for couples going their separate ways, according to real estate and family law professionals. Soon-to-be-ex-spouses left with difficult decisions as they seek new living arrangements, …
Read More »What’s the most expensive home you could afford?
Use this tool to calculate the most expensive home you could buy based on your income and passing the mortgage “stress test." Use this tool to see the most expensive home you could afford. The numbers are based on what banks are typically willing to lend. If you're buying with …
Read More »Minister tasked with tackling Canada’s housing crisis says Ottawa considering a cap on international students
The federal government is considering a cap on the number of international students to ease the pressure on the housing market, says the man now tasked with tackling Canada's housing crisis. Housing affordability one of the main issues as cabinet meets for three days in P.E.I. Liberal cabinet retreat focuses …
Read More »Affordable-housing buyers already owned homes, civil suits claim
Built with a $53-million low-interest loan from the province to help middle-income families achieve the dream of home ownership, Victoria's 135-unit Vivid condominium building was supposed to be a new model for affordable housing. But court documents obtained by CBC show a very different side to the story. B.C. Housing …
Read More »The government proposed a renters’ bill of rights. Will it help?
The federal government's proposed measures to protect renters from low vacancy rates, high prices and other significant challenges might not be enough, according to some housing experts. But others see it as a start that could evolve into something more helpful for tenants. Such measures would include a national standard …
Read More »Family evicted from townhouse awarded $27.7K to be paid by the buyer after sale falls through
The would-be purchaser was ordered to pay compensation of 12 months' rent even though they weren’t able to complete the subject-free sale because their financing didn’t come through. They also lost a $30,000 deposit. Tenant Resource Centre says ending a tenancy is a ‘drastic step’ that should not be taken …
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