Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of recent homebuyers had regrets about their purchase, according to a 2023 survey from Real Estate Witch. … Read more
The federal Liberals want to boost pre-fabricated housing and are again laying out millions of dollars in more spending as political pressure to tackle the housing crunch builds. Friday’s announcements on more funds for pre-fab construction and as part of a series of announcements teeing up what is set to be a housing-focused budget. Prime … Read more
Alexander Spatari | Moment | Getty Images The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country. While some housing experts criticized the move, tenant advocates said the new rule, which will cap rent increases at 10%, will help people to stay in their … Read more
By Staff The Canadian Press Posted April 3, 2024 12:24 pm 1 min read Descrease article font size Increase article font size The federal government is setting aside another $15 billion in the upcoming budget for its apartment construction loan program. Prime Minister Justin Trudeau says the funding will help build another 30,000 apartments within … Read more
Many of Canada’s provincial governments say they are not willing to go along with the conditions to access a proposed $6-billion infrastructure fund tying eligibility for federal cash to making it easier to build fourplexes. “I don’t believe in forcing municipalities, I believe in working with municipalities. I’ve walked a mile in their shoes,” Ontario … Read more
A five-bedroom house in South Australia’s outback is being advertised for just $50,000. The Coober Pedy home on Big Johns Rd includes air-conditioning, built in wardrobes and is located near the town’s main street. Real estate agency, Andrews Property Regional SA, said the previous tenant was paying $180 per week to stay in the home. … Read more
As the federal government proposes tying on-time rent payments to credit scores as part of efforts aimed at helping renters break into the housing market, some advocates are cautioning that with high home prices and climbing rent, the measures are only one piece of the puzzle. Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland … Read more
10’000 Hours | Digitalvision | Getty Images Housing costs are outpacing median household incomes in the U.S., further straining affordability. Would-be homebuyers need to earn $113,520 a year to afford the typical house in the U.S. That is 35% more than what the typical household earns annually ($84,072), according to a new analysis by Redfin, … Read more
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
The Spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high. … Read more
