housing

Finance Minister Chrystia Freeland says the government is making some changes to mortgage rules to help more Canadians to purchase their first home. She says the changes will come into force in December and better reflect the housing market. The price cap for insured mortgages will be boosted for the first time since 2012, moving to $1.5 […]

NDP Leader Carla Beck says if her party forms government, it would introduce a number of policies to help those grappling with the cost of housing. Beck is promising new rules on how much landlords can increase rents per year while giving landlords some protection against late or missed rental payments from social service clients. […]

The federal government has added 56 properties to a new public lands bank of locations that are suitable for long-term leases so developers can build housing, a move the Housing Minister says will help boost the supply of homes Canadians can afford.  Sean Fraser made the announcement Sunday in Halifax just ahead of a three-day […]

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July climbed 16 per cent compared with June. The national housing agency says the seasonally adjusted annual rate of housing starts in Canada for July was 279,509 units, up from 241,643 in June. The increase came as the annual pace of urban […]

Rents are still rising in Canada but the year-over-year pace of growth has slowed, according to a new report. The data from Rentals.ca and Urbanation says asking rents for all residential property types averaged $2,201 in July, up 5.9 per cent from last year. The year-over-year increase is the slowest rise since early 2022, while […]

Canada’s premiers are wrapping up the summer meeting of the Council of the Federation today. The premiers of the 10 provinces and three territories have been in Halifax for their three-day gathering hosted by Nova Scotia Premier Tim Houston. A statement from the premiers says key priorities that have been discussed include housing, affordability and […]

Canada’s premiers will be in Halifax today to begin three days of scheduled meetings in Nova Scotia’s capital. Nova Scotia Premier Tim Houston, who is the current chair of the Council of the Federation, is hosting the event in the city’s downtown core. Houston told reporters after a cabinet meeting Thursday that premiers will be […]

 The Chhokar family has lived in Moose Jaw since 1971 and managed nearly 200 rental units since 1994, and wants to add more housing, which could support the community’s many international students.   Businessman JC Chhokar has been working with city administration since September 2023 to develop a new housing block at 1345 and 1351 […]

Sarah Ritchie in Ottawa A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes. Just shy of half the respondents to Leger’s latest survey said they had a negative opinion of the federal budget, which was presented last […]

The federal government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1.  The Canadian Home Builders’ Association has advocated for longer amortization periods, saying five more years would help with affordability and […]