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Homeowners

Home sales and prices edging up as housing market ‘could get interesting,’ reports say

by Anas Siddiqui
Home sales and prices edging up as housing market ‘could get interesting,’ reports say

The housing market could soon get “interesting” as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and …

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‘Shovels in the ground’ for new Winnipeg ER within 2 years, Kinew promises as Manitoba NDP delivers 1st budget

by Akin Smith
‘Shovels in the ground’ for new Winnipeg ER within 2 years, Kinew promises as Manitoba NDP delivers 1st budget

Manitoba is facing a nearly $800-million deficit for the year ahead, as the first budget under the NDP government promises incremental progress on a number of election commitments, along with …

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Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4

by Anas Siddiqui
Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4

Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. The fourth quarter saw a continuation of …

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First-time homebuyer incentive is discontinued, says federal housing agency

by Anas Siddiqui
First-time homebuyer incentive is discontinued, says federal housing agency

The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday. The deadline for new or resubmitted applications to the program …

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Renting? You probably report lower quality of life than homeowners

by Anas Siddiqui
Renting? You probably report lower quality of life than homeowners

Renters are more likely to report a lower quality of life than homeowners, especially in Vancouver and Toronto, according to survey results over the last few years from Statistics Canada. In …

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High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

by Anas Siddiqui
High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Macklem faced multiple questions on …

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What does 2024 have in store for the Canadian economy?

by Anas Siddiqui
What does 2024 have in store for the Canadian economy?

It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing …

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Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

by Anas Siddiqui
Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached …

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Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

by Anas Siddiqui
Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for …

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Man alleged to be behind high-interest mortgage scam living large on social media

by Anas Siddiqui
Man alleged to be behind high-interest mortgage scam living large on social media

In his social media videos, Anas Ayyoub has painted a rags-to-riches story in which he says he went from having to “scavenge” for money to provide food for his family …

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