1 week ago Canada needs to build homes in record numbers for a decade to drive down prices

Canada must deliver 3.2 million net new housing units by 2035 to close the country's supply gap, according to a new updated analysis by the Government of Canada's Parliamentary Budget Officer (PBO).That works out to about 290,000 net new homes per year — a pace the country has never sustained. Net new takes into account the homes that have been demolished to make way for new additional homes.The report comes as household formation surges and then slows. After hitting a record 482,000 new households in 2024, the PBO projects a sharp decline in 2025 and 2026 due to recent federal policies curbing immigration. Household formation is expected to remain well below the historical average of 176,000 per year until 2030.On the construction side, the PBO expects a short-term boost, with completions averaging 256,000 units annually over the next three years. But beyond that, housing starts are forecast to fall back to historical norms, with about 2.5 million new units delivered ...

Economics

2 w. ago Parliamentary Budget Officer says Canada not expected to meet housing target in the next decade

Canada needs 3.2 million homes, 700,000 less than what is currently projected to be built, and what is needed, analysis says

Events

2 w. ago Canada not expected to meet housing target in the next decade, Parliamentary Budget Officer says

Canada needs 3.2 million homes, 700,000 less than what is currently projected to be built, and what is needed, analysis says

Events

3 w. ago Little new in Epstein files given to Congress, top House Democrat says

The ranking Democrat on the House Oversight Committee on Saturday criticized the Justice Department’s initial release of files from the investigation into sex offender Jeffrey Epstein, saying it consisted mostly of materials that had already been made public. Rep. Robert Garcia (D-California) said in a statement that the “overwhelming majority” of the roughly 33,000 pages […]

Other

3 w. ago House expected to get first batch of Epstein files from Justice Department

The Justice Department is expected to send a first trove of documents from its investigation into sex offender Jeffrey Epstein to the House Oversight Committee on Friday. The committee, chaired by James Comer (R-Kentucky), said earlier this week it would publicly release redacted versions of the documents but did not specify when that would happen. […]

Events

3 w. ago Canada to drop many retaliatory tariffs in olive branch to Trump

Canada will remove its retaliatory tariffs on a long list of U.S. products that comply with the existing North American trade deal, seeking to lower tensions with the White House. Prime Minister Mark Carney is expected to announce the decision Friday after a meeting with his cabinet. The government will change its tariff policy to […]

Economics

3 w. ago U.S. DOJ to hand Epstein files over to Congress starting Friday

Court records will be turned over to the Republican-led House Oversight Committee, which subpoenaed the files earlier this month.

Culture

3 w. ago Justice Department to begin giving Congress files from Epstein probe: Lawmaker

WASHINGTON — The Justice Department has agreed to provide to Congress documents from the Jeffrey Epstein sex trafficking investigation, a key House lawmaker said Monday in announcing a move that appears to avert, at least temporarily, a potential separation of powers clash. The records are to be turned over starting Friday to the House Oversight […]

Events

3 w. ago Taxman looks to impose mandatory oaths, fines on those who lie to CRA

New measures were announced Friday, and are expected to be tabled once the House resumes Sept. 15

Economics