2 h. ago TRREB: More Interest Rate Cuts and a Trade Deal Would Further Improve Home Sales

TORONTO, July 04, 2025 (GLOBE NEWSWIRE) — Ownership housing affordability continued to improve in June 2025. Average selling prices and borrowing costs remained lower than last year’s levels. However, despite some month-over-month momentum, many would-be homebuyers remained on the sidelines due to economic uncertainty.  “The GTA housing market continued to show signs of recovery in […]

Economics

41 h. ago Comox councillor steps forward as leadership candidate for B.C. Greens

Jonathan Kerr, a family doctor by profession, is touting past work on affordable housing and the recruitment of physicians in Comox.

Politics

4 d. ago Homelessness in Ottawa has reached a record high. What can be done about it?

The total number of homeless people in Ottawa is projected to increase by 58 per cent by 2035 if additional investments aren’t made in housing.

Sport

7 d. ago Opinion: Gregor Robertson on jumping back into politics and his new role

Opinion: Partnering with the private sector and other levels of government is essential for Ottawa to deliver affordable housing, says Canada's new housing minister.

Politics

7 d. ago Failed New Zealand scheme is cautionary tale for Carney’s homebuilding agency: report

KiwiBuild had a goal of building 100,000 affordable housing units in a decade. It completed just 2,389 units by 2024

Transport

8 d. ago Calgary's new Varsity fire station integrates affordable housing, daycare

The Varsity station has had a 55 per cent increase in fire calls and a 35 per cent increase in medical rescue calls

Events

9 d. ago Report says hoping for Canadian housing prices to plummet is not realistic

Canada must dramatically increase the pace of home construction — nearly doubling current annual housing starts — to address the country's deepening housing affordability crisis, according to a new report from the Canada Mortgage and Housing Corporation (CMHC).In its updated annual analysis of Canada's housing supply shortage, CMHC estimates that the country needs to build between 430,000 and 480,000 housing units annually until 2035, up from the current trajectory of about 250,000 units per year. The aim is to restore affordability to levels last seen in 2019, prior to the pandemic-driven housing boom.The federal Crown corporation has shifted its modelling framework to a rolling 10-year horizon, abandoning its earlier 2030 benchmark, which it now considers unrealistic due to the lengthy timelines needed for land use approvals and construction."Restoring affordability to levels last seen two decades ago isn't realistic, especially after the pos...

Economics

1 week ago Rick Seymour: If we want strong national defence, we must support military families

Canada needs to provide better housing, improved access to health care and more reliable, affordable child care for the families of those who serve

Events

1 week ago Here's the minimum salary required to afford a home in Toronto right now

Even with a record 32,000-plus homes up for sale in and around Toronto and few of them actually changing hands, housing affordability in the region is still deteriorating, suggesting that the present market lull is likely to continue.Based on the most recent average house and condo prices in May, along with present interest rates, the market experts at Ratehub.ca have calculated how much a household would need to earn each year to float the standard mortgage in cities across Canada, including in T.O.And, to people living elsewhere in the world (or even the country) where real estate prices are far lower and incomes are higher, the figure may be shocking.Between April and May of this year, the mean price across housing types rose by a slight $2,500 in Toronto, per the firm's data, from $1,009,400 to $1,012,800. This makes the typical monthly mortgage bill in the city $1,968, some $12 more than just a month earlier.In total, at a lending rate of ...

Other

1 week ago Canada must double home construction over 10 years for affordability: CMHC

The Canada Mortgage and Housing Corp. says the goal to reach 2004-level affordability is no longer possible, but it is achievable to hit 2019 levels.

Other

3 w. ago ‘Scant progress’ offloading federal office space for affordable housing: AG

Auditor General Karen Hogan found Public Services and Procurement Canada reduced only two per cent of its office footprint between 2019 and 2024.

Other

3 w. ago Gray: Ottawa is building affordable housing for older artists

Finances can be precarious for creative people, particularly as they age. A unique partnership aims to offer them an equally creative solution.

Culture

4 w. ago Jack Mintz: Canmore’s new ‘livability tax’ will make house prices even harder to live with

As has been shown in Vancouver, vacancy taxes don't increase housing supply or affordability

Economics

4 w. ago Opinion: Affordability requires abundance. We need more housing

Opinion: We need to be building far more new, multi-family, market homes to ease the affordability crisis in the future

Other

4 w. ago Ford remains popular, but half think Ontario is ‘on the wrong track’: Leger poll

Trade war leadership has boosted premier's popularity, but skepticism remains on housing, affordability and health care

Other