LOS ANGELES—The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month—the longest such stretch on records going back to 1999. Existing home sales fell 7.7 percent last month from October to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors said…
Foreign Investors Banned From Buying Canadian Homes Starting Jan. 1
As of Jan. 1, 2023, foreign investors will be banned by the Canadian government from purchasing non-recreational residential property. The federal government announced the full details Wednesday for new regulations that have been finalized as part of the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which was passed on June 23 and…
BC’s New Housing Legislation, Passed With Little Debate, Worries Strata Owners
Two bills pushed through with little debate by B.C. Premier David Eby’s NDP government during the last few days of the legislative session in November are intended to solve the province’s housing shortage and affordability problems, including high rental costs. However, the new laws have many owners of condos and other strata housing worried. Bill…
San Diego County Eliminates Policy Against Illegal Drug Activity in Taxpayer-Funded Housing
The San Diego County Board of Supervisors voted 4–0—with Supervisor Jim Desmond absent—Dec. 13 to eliminate its zero-tolerance policy against those engaging in illegal drug activity in taxpayer-funded housing. Doing so supports the county’s vision of a “just, sustainable, and resilient future for all, specifically those communities in San Diego County that have been historically…
Ford Government Under Scrutiny for Greenbelt Development Deals
Ontario Premier Doug Ford and Housing Minister Steve Clark are facing allegations that they provided insider information to developers ahead of opening a portion of Ontario’s Greenbelt to development. Green Party Leader Mike Schreiner filed a complaint with the Integrity Commissioner Nov. 28. NDP MPP Marit Stiles submitted a request to the Auditor General on…
Slump in Canadian Home Prices Slows: Reports
The average home price in Canada is down to about $645,000 from a dramatic peak of over $800,000 in February, according to the Canadian Real Estate Association (CREA). But the drop in prices is slowing and sales are picking up. It could be the beginning of the end for the market downturn, say analysts. “Sales…
Ontario Passes Housing Bill, Commits to 1.5 Million New Homes in Next Decade
The Ontario provincial government passed Bill 23 on Nov. 28, a controversial housing bill that will set a goal of the construction of 1.5 million new homes in the next 10 years. The More Homes Built Faster Act was introduced last month to address the province’s housing crisis. The bill will remove development charges for…
Gove Threatens to Defund Failing Housing Associations in Wake of 2-Year-Old’s Death
The Secretary of State for Levelling Up, Housing, and Communities, Michael Gove, has threatened to cut off the funding to failing housing associations in the wake of the death of Awaab Ishak. Awaab, who was 2 years old, died in December 2020 and at an inquest last week a coroner ruled that his death had…
Senators Pass Liberal Dental Benefit for Kids, Housing Benefit for Renters
Senators have passed a bill that will allow low- and middle-income families to access government money to help care for their kids’ dental care, starting as early as Dec. 1. The dental benefit was a compromise between the Liberals and NDP, as part of the supply-and-confidence agreement that will see the New Democrats support the…
Alberta Premier Instructs Ministers to Focus on Inflation and ‘Affordability Crisis’
Alberta premier Danielle Smith has sent a mandate letter to several ministers asking them to prioritize tackling issues related to inflation and the “affordibility crisis.” “I ask you to keep the inflation and affordability crisis top of mind,” said the letter sent on Nov. 9. “Affordability is the primary challenge facing Albertans today, and as…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`