A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty Images Sales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were 6.2% lower than … Read more
Conservative Leader Pierre Poilievre took aim at the mayors of Quebec’s two largest cities on Thursday, calling the local leaders “incompetent” and accusing them of blocking construction projects. In a post to social-media platform X, formerly known as Twitter, the Tory leader pointed to what he called a “massive drop in construction in Quebec” despite … Read more
Hamilton, Ont., is close to introducing a first-of-its-kind renoviction bylaw in the province that will force landlords to obtain licences to legitimize repairs they make to their properties. The new legislation, carried 13-0-2 in a committee vote Wednesday, forces property owners to apply for a special permit for their rental addresses at a cost of … 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
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois. Scott Olson | Getty Images Homebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still considered negative, but the index has now moved 10 points higher … Read more
Prospective home buyers visit a home for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Homeownership feels increasingly out of reach for younger generations of Americans, who are squeezed by student debt and childcare costs in an era of slower economic growth. The pressures come as President Joe … Read more
An ACT woman has warned others not to fall for rental scammers online, after spotting one preying upon people in her community. The scammer had advertised a four-bedroom, three-bathroom home in Griffith, Canberra, for $500 a week inclusive of bills. “In this market that seems awfully cheap for a fully furnished, bills included, property,” the … Read more
Fg Trade | E+ | Getty Images Rising inventory is helping push rent prices down. For young adults, building credit is a smart step to take as they prepare to enter the rental housing market. The median U.S. asking rent price in December was $1,964, a 0.8% decline from a year ago, according to real … Read more
Thousands of Australians will be eligible for home upgrades with the NSW government’s $200 million push to make more homes energy efficient. Draught-proofing, proper insulation, heat pump hot water systems, ceiling fans, reverse cycle air conditioners, and solar will be available to 24,000 NSW residents under the scheme announced on Tuesday. Subsidised solar will also … Read more
Laguna Beach, California Luciano Lejtman | Moment | Getty Images When most people think of Laguna Beach, California, they think of its scenic coves and beaches. But the small coastal city — with a population of around 22,600 — is also pioneering a new model for elder care. About 77% of adults ages 50 and … Read more
