Quebec agrees to delay dismantling of homeless encampment in east Montreal
The dismantling of a homeless encampment this week in Montreal's east end has been averted — for now.
The dismantling of a homeless encampment this week in Montreal's east end has been averted — for now.
The historic Saint-Vincent-de-Paul federal prison, built in 1873 in Laval, Que., could become housing after Canada opened it up for development.
The federal government announced that it has reached an agreement with Quebec to provide an additional $92 million for housing construction.
The average salary needed to buy a home keeps inching down in cities across Canada, according to the latest data.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September.
Average asking rents declined nationally on a year-over-year basis for the first time in more than three years in October, said a report out Thursday.
Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.
Conservative Leader Pierre Poilievre has written to the provinces' premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.
Housing experts argue widespread adoption of government-supported affordable housing, the growth of alternative models like co-operatives and co-housing, and the increased use of advanced building techniques could all play a role in improving Canada's housing system.
Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction, half a dozen economists and realtors told Reuters.
Statistics Canada's latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what's owned by Canada's richest families.