Housing

Homes are pictured in Vancouver, Tuesday, April 16, 2019. Councillors in Vancouver have unanimously backed a motion from Mayor Kennedy Stewart to hike the city’s empty homes tax to five per cent of a property’s assessed value, effective next year. THE CANADIAN PRESS/Jonathan Hayward

Vancouver council hiking empty homes tax to 5 per cent of assessed value in 2023

City hiking empty homes tax to five per cent of a property’s assessed value, effective next year

 

A tradesperson stands atop a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. THE CANADIAN PRESS/Darryl Dyck

Census shows apartment growth, but supply remains the main issue in B.C.: experts

Apartments in buildings with 5 or more storeys, make up 10.9 per cent of all dwellings in B.C.

 

Nearly 8,500 homes were declared vacant or underused in Vancouver after the submission deadline passed for the debut of the city’s empty homes tax. THE CANADIAN PRESS/Darryl Dyck

Vancouver mayor aims to increase empty homes tax to fund affordable housing

Decision to triple the empty homes tax rate in 2020 has brought in about $32 million

 

A firefighter on a ladder truck directs water on a four-alarm fire burning at a single room occupancy (SRO) hotel, in Vancouver, B.C., Monday, April 11, 2022. Vancouver’s fire chief says some people remained unaccounted for as crews fought a fire inside a four-storey residential building in the city’s Gastown neighbourhood. THE CANADIAN PRESS/Darryl Dyck

Officials working to find housing for 144 people displaced by fire in Vancouver

Buildings included housing for some of the city’s lowest-income residents

A firefighter on a ladder truck directs water on a four-alarm fire burning at a single room occupancy (SRO) hotel, in Vancouver, B.C., Monday, April 11, 2022. Vancouver’s fire chief says some people remained unaccounted for as crews fought a fire inside a four-storey residential building in the city’s Gastown neighbourhood. THE CANADIAN PRESS/Darryl Dyck
The Canada Mortgage and Housing Corp says the annual pace of construction on new homes picked up in July. A worker is seen working on a construction project at UBC in Vancouver, Tuesday, April 23, 2019. THE CANADIAN PRESS/Jonathan Hayward

Budget 2022: Feds add measures to curb speculation as housing supply gets $10B boost

Plans rely heavily on cooperation with other levels of government and on the private sector

The Canada Mortgage and Housing Corp says the annual pace of construction on new homes picked up in July. A worker is seen working on a construction project at UBC in Vancouver, Tuesday, April 23, 2019. THE CANADIAN PRESS/Jonathan Hayward
Copies of the 2022 federal budget are seen in the media lockup, ahead of the tabling of the federal budget, in Ottawa, on Thursday, April 7, 2022. THE CANADIAN PRESS/Justin Tang

Budget 2022: Liberals devote $4.3 billion to Indigenous housing needs

Budget also addresses ongoing search for unmarked graves at the former sites of residential schools

Copies of the 2022 federal budget are seen in the media lockup, ahead of the tabling of the federal budget, in Ottawa, on Thursday, April 7, 2022. THE CANADIAN PRESS/Justin Tang
The Canadian Real Estate Association reported that the national average home price hit $713,500 in December, up almost 18 per cent from the same month one year earlier. File photo

Canada’s housing ministers meet as MPs ready for more hearings on pace of price gains

Low mortgage rates and consumer demand for larger spaces outstripping supply

The Canadian Real Estate Association reported that the national average home price hit $713,500 in December, up almost 18 per cent from the same month one year earlier. File photo
The downtown Vancouver skyline is seen at sunset, as houses line a hillside in Burnaby, B.C., on Saturday, April 17, 2021. Home sales across Metro Vancouver remained well above the 10-year average in September, but the Real Estate Board of Greater Vancouver says prices haven’t climbed as sharply. THE CANADIAN PRESS/Darryl Dyck

Home demand still outstrips supply in Metro Vancouver but price hikes slow: report

Composite benchmark price for all residential properties in Metro Vancouver just under $1.2 million

The downtown Vancouver skyline is seen at sunset, as houses line a hillside in Burnaby, B.C., on Saturday, April 17, 2021. Home sales across Metro Vancouver remained well above the 10-year average in September, but the Real Estate Board of Greater Vancouver says prices haven’t climbed as sharply. THE CANADIAN PRESS/Darryl Dyck
Liberal Leader Justin Trudeau makes a campaign stop in Hamilton, Ont., on Tuesday, Aug 24, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Real estate industry worried Liberal housing plan won’t alleviate supply issues

‘It’s like saying, ‘come on in my store it’s 100 per cent off, but I don’t have any inventory’

Liberal Leader Justin Trudeau makes a campaign stop in Hamilton, Ont., on Tuesday, Aug 24, 2021. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. Parliament’s budget watchdog says the government is falling short of its aim of vastly expanding Canada’s affordable housing stock despite a spending ramp-up in the hundreds of millions of dollars. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s housing strategy having ‘limited’ impact on housing need, watchdog says

Government is falling short of its aim to vastly expand Canada’s affordable housing stock

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. Parliament’s budget watchdog says the government is falling short of its aim of vastly expanding Canada’s affordable housing stock despite a spending ramp-up in the hundreds of millions of dollars. THE CANADIAN PRESS/Sean Kilpatrick
Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan

RBC CEO wants policy-makers to tackle lack of housing supply pushing up prices

New mortgage stress rules come into effect on June 1

The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada warns of rising risks from household debt, and a hot housing market

Many households have taken on large mortgages compared with their income

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick

NDP promises foreign buyers’ tax, half a million new homes to cool housing market

Market watchers say a countrywide tax on non-resident homebuyers amounts to a ham-fisted approach

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick
A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts posts 21.6 per cent increase in March

CMHC says the six-month moving average of the monthly seasonally adjusted annual rates was 273,664 in March

A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., Saturday, May 12, 2018. An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021. THE CANADIAN PRESS/Darryl Dyck

Wood products pricing surge expected to persist, raising 2021 house, renovation costs

Lumber prices have added as much as $30K to the construction cost of a typical 2,500-square-foot house

Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., Saturday, May 12, 2018. An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021. THE CANADIAN PRESS/Darryl Dyck
A man walks past an affordable housing complex, being constructed in Charlottetown’s Hillsborough Park area, on Saturday, February 29, 2020. Seven provinces have signed on to a federal rent assistance program created as part of the national housing strategy, three more than the Liberals have announced, newly released documents show. THE CANADIAN PRESS/Andrew Vaughan

More provinces sign up for rent benefit as Liberals set up promised housing council

Indigenous housing providers are pushing for the government to finally unveil a plan

A man walks past an affordable housing complex, being constructed in Charlottetown’s Hillsborough Park area, on Saturday, February 29, 2020. Seven provinces have signed on to a federal rent assistance program created as part of the national housing strategy, three more than the Liberals have announced, newly released documents show. THE CANADIAN PRESS/Andrew Vaughan
Houses under construction in Toronto on Friday, June 26, 2015. Canada Mortgage and Housing Corp. says the annual pace of housing starts increased in October. The national housing agency says the seasonally adjusted annual rate of housing starts rose to 214,875 units last month compared with 208,715 in September. THE CANADIAN PRESS/Graeme Roy

CMHC says annual pace of housing starts climbed higher in October

The seasonally adjusted annual rate of housing starts rose to 214,875 units last month

Houses under construction in Toronto on Friday, June 26, 2015. Canada Mortgage and Housing Corp. says the annual pace of housing starts increased in October. The national housing agency says the seasonally adjusted annual rate of housing starts rose to 214,875 units last month compared with 208,715 in September. THE CANADIAN PRESS/Graeme Roy
CMHC president Evan Siddall speaks to the Canadian Club of Toronto in Toronto on June 1, 2017. THE CANADIAN PRESS/Nathan Denette

New tools, ideas needed to speed up housing strategy funding, CMHC president says

The COVID-19 pandemic has made housing affordability an even bigger issue

CMHC president Evan Siddall speaks to the Canadian Club of Toronto in Toronto on June 1, 2017. THE CANADIAN PRESS/Nathan Denette
Niagara region housing prices climb as buyers leave Toronto in search of space

Niagara region housing prices climb as buyers leave Toronto in search of space

Niagara region housing prices climb as buyers leave Toronto in search of space

Niagara region housing prices climb as buyers leave Toronto in search of space