Following a report by the Canada Mortgage and Housing Corporation (CMHC) saying Vancouver and Toronto have the slowest approval times for building new homes, Conservative Leader Pierre Poilievre pledged to speed up the process of building homes in Canada. “Slow permits mean higher prices. Higher prices mean Canadians can’t afford to put roof over head,” Mr….
Poilievre Pledges to Speed Up Housing Approval Following CMHC Report on Slow Times for Toronto, Vancouver
Should You Rent in Retirement?
Some people rent in retirement because they don’t have much choice; they can’t afford to own homes. But financial planners say renting can make more sense than owning in some circumstances, even for retirees who can afford the costs of homeownership. Renting offers flexibility as well as freedom from all the chores and expenses of…
Buying or Renting? The Old Question Is Back
September 2, 2022
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AnalysisBusiness & MarketsBusiness ColumnistshousinginflationmortgageOpinionreal estate marketrecessionrenting
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Commentary Every young person moving into adulthood faces the great question of whether to buy or rent their primary residence. That question just became much more complicated. The ratio between the two just expanded to the greatest gap since 2008, and it does not favor buying. Mortgage rates have made buying completely unaffordable even for…
Friend Wants to Be a Tenant
Dear Dave, I own a duplex that has an opening for a tenant, and an old college buddy wants to rent the apartment. He has always been a good friend, but I’m a little worried about the possible effects on our friendship if business is brought into the picture. Do you have any advice? —Justin…
Renters Struggle to Find Shelter During Hot Housing Market
May 31, 2021
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Californiahousinghousing marketLocal NewsOrange CountypandemicpovertyRegional-Local Newsrentersrentingrenting marketSouthern CaliforniaUS
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California’s housing and rental markets have been soaring throughout the COVID-19 pandemic, creating competition for renters trying to secure an affordable home. The struggle to find shelter continues for some Orange County residents, who say tough competition and economic hardships are making it nearly impossible to nab a rental. “We’re going to be homeless,” Orange County…
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