Toronto and Vancouver residents must make at least $40 per hour working a full-time job if they hope to reasonably afford a two-bedroom apartment within the city, suggests a new report by an Ottawa-based think tank. The Canadian Centre for Policy Alternatives (CCPA) published a report on July 18 studying the gap between Canada’s minimum wage…
Toronto, Vancouver Residents Must Make at Least $40 per Hour to Reasonably Afford 2-Bedroom Apartment, Report Suggests
Cory Morgan: If Canada Is to Catch Up on the Rapidly Growing Housing Shortage, Governments Need to Get out of the Way
Commentary Canada’s housing affordability challenges are about to get a whole lot worse soon. While the Canadian government has set immigration targets at 500,000 people per year, anticipated new home construction is expected to fall short of national needs by 100,000. Governments at all levels need to address this issue before it becomes a full-blown…
Homebuyers Hope ‘Patience Pays Off’ as Prices Drop, Recession Predictions Loom
Andrew Hamilton and his wife bid farewell to their home in Toronto’s Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky. With no available homes meeting their needs or price range, the couple opted to temporarily use the equity they got from selling…
Decade Target of 1.5 Million More Ontario Homes Unlikely, Say Experts
An Ontario task force that called for 1.5 million houses to be built in the province in the next ten years is on the right track but unlikely to hit its targets, say real estate experts. The task force was headed by Jake Lawrence, CEO and Group Head of Global Banking and Markets at Scotiabank….
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