In the face of urgent discussions about the pressing need for 1.5 million new homes, Ontario witnessed a slowdown in housing growth over the last year compared to 2020.
When it comes to renting in Ontario, "rent control" is a term that frequently pops up. But what does it mean, how does it work, and does it apply to your place?
Groups representing rental operators in Ontario have indicated that many landlords are contemplating a shift from long-term rental agreements to short-term leases.
A recent study sponsored by the Ontario Real Estate Association (OREA) highlights that student loan debt is a significant hurdle for recent graduates aspiring to own a home, often leading them to move back in with their parents.
Canadian homeowners experienced a slight relief in the second quarter of the year, with homeownership costs easing, mainly due to higher household incomes.
Critics argue this ban encroaches on tenants' rights and that electric transportation devices are environmentally friendly and essential for many in the community.
Canada is in the midst of a housing crisis characterized by low rental availability and an increase in short-term rentals. Small landlords are leaving the rental business due to the broken system.
Many homeowners are starting to feel the pressure of higher interest rates, especially as fixed-rate mortgages need to be renewed. Housing affordability is at its worst, especially for people buying a home for the first time.
The ongoing housing market tumult, driven by the Bank of Canada's efforts to curb inflation causing mortgage rates to surge, has significantly impacted the rental market.