Home-ownership
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Buying a home feels out of reach for 76% of non-owners, poll showsAn overpriced housing markets and the inability to save for a down payment are contributing to the housing market feeling out of reach for a majority of non-owners, a report said.ConsumerApr 11
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Canada’s next wealth divide? It’s renters versus homeowners, RBC saysHousing unaffordability in Canada is exacerbating wealth divides between renters and homeowners in the country, according to an RBC analysis.MoneyMar 14
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Habitat for Humanity and Meridian to offer financing for Fergus housing projectHabitat for Humanity Guelph-Wellington and Meridian Credit Union are partnering to help families find an affordable home with the Garafraxa Village Project in Fergus.CanadaNov 3, 2023
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Kelowna project aimed at helping first time home buyers has official groundbreakingOn Wednesday ground was broken on a construction project in Kelowna, which its developers hope will bridge the rental ownership gap for the younger demographic.CanadaOct 4, 2023
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Construction stable in Vancouver last year, but seller’s market is returning: RealtorsIn a housing supply report published Wednesday, the Canada Mortgage and Housing Corporation said work on 25,983 new units began last year, down 30 units from 2021.EconomyApr 19, 2023
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Rate hikes complicate homeownership in Winnipeg, housing market showing signs of stabilizingThe city's housing market is trending toward a more balanced state, but another interest rate hike is making it harder to buy or keep a home.EconomyDec 8, 2022
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Tory to streamline housing approval process and will use ‘strong mayor powers’Toronto Mayor John Tory said he wants a new division that will streamline housing approval process to be up and running by early 2023.PoliticsOct 26, 2022
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Can’t buy a home? Here’s how to build your wealth outside the housing marketHousing has long been a go-to path to building wealth. But as the market slows and remains difficult to access, experts say there are options outside real estate.EconomyOct 8, 2022
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Homeownership rates on the decline in Canada, especially among young adults: dataHomeownership rates have declined from the high seen in 2011, Statistic Canada reported on Wednesday, with the situation especially bleak for young millennials.MoneySep 21, 2022
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Rent-to-own a path to homeownership for some, but not a ‘magic solution’: expertsAs the federal government is pushes rent-to-own as a path to homeownership for Canadians, some experts warn it's not the silver bullet to housing affordability some might imagine.MoneyAug 31, 2022
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