Prime Minister Justin Trudeau announced a new $6 billion housing infrastructure fund in Halifax for municipalities and provinces to speed up housing-related development. And one of the conditions is that four-unit dwellings are allowed by default in municipal zoning rules, rather than being assessed on a case-by-case basis. This is the top line in a … Read more
Descrease article font size Increase article font size The federal government will top up the Canada Housing Benefit, which provides rent support to some Canadians, by $99 million, Deputy Prime Minister Chrystia Freeland says. Freeland announced the top up at a news conference in Ottawa on Tuesday. “Housing is a central challenge in Canada right … Read more
Realty firm Signature Global has posted a consolidated net profit of Rs 2.17 crore in the quarter ended December on higher income. The company had posted a net loss of Rs 44.89 crore in the year-ago period. Total income rose to Rs 301.75 crore in the third quarter of this fiscal from Rs 191.78 crore … Read more
Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. Private equity group Blackstone acquired Aadhar for about $300 million in 2019 as it bet on growing demand for affordable housing … Read more
Canada’s Housing Minister is warning that municipalities won’t succeed with applications for federal housing accelerator funding unless they are flexible on zoning rules. Speaking Wednesday at an Empire Club of Canada luncheon in Toronto, Sean Fraser said a willingness to adopt zoning reforms has been key for the communities that signed deals with Ottawa. Fraser … Read more
