Housing Costs
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HRM staff report recommends 9.7% property tax hike to address revenue shortfallCouncillor Cathy Deagle-Gammon, vice-chair of the Audit and Finance Standing Committee, says she's received a lot of feedback from the public and they'll consider all options.CanadaNov 27, 2023
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Canadians not delaying major life events despite rising inflation: pollAs Canadians are battling inflation, a recent CIBC poll found that while up to 61 per cent have done some form of cost-cutting, few will postpone major life events.CanadaSep 22, 2023
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Mayors say housing crisis is ‘dire,’ ‘desperate.’ Is Ottawa doing enough?The mayors of Calgary and London, Ont., said they are welcoming federal funding programs dedicated to the building of new housing units, but added more needs to be done.CanadaSep 17, 2023
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B.C. pledges development charge reform as housing crisis persistsIndustry critics say community amenity contributions, negotiated with developers to pay for things like daycares and parks, are adding to the already high cost of housing.PoliticsSep 1, 2023
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Canadian home prices have stabilized. Will incomes ever catch up?The report calculated the minimum annual income needed to buy an average home in 10 of Canada's major cities and looked at how that amount rose between June and July 2023.ConsumerAug 16, 2023
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Investors owned 20 to 30% of homes in some provinces in 2020: StatCanHouses used as an investment were mainly owned by individuals living in the same province as the property.ConsumerFeb 3, 2023
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Penticton, B.C. Chamber ‘disappointed’ with development cost charges increaseThe Chamber says the decision could have a significant and long-term impact on the local economy.EconomyOct 24, 2022
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Can Metro Vancouver’s new mayors turn the tide on housing? Experts say not so fastIncoming mayors and councillors need to do more than promise boosting supply and cutting red tape, experts warn, as housing prices continue to skyrocket.PoliticsOct 22, 2022
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$1M in extra costs added to Habitat for Humanity Okanagan build since pandemic'In the time since we started the Lake Country project, our costs have gone up by $1 million,' says Danielle Smith of Habitat for Humanity Okanagan of a home project begun in 2020.MoneySep 20, 2022
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Skyrocketing house prices force Okanagan family to leave B.C. for AlbertaThe median price for a two-bedroom rental in Kelowna is $2,300 a month, according to a Canadian Rent Report by Zumper, a housing rental company.CanadaJun 28, 2022
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