The federal government tabled its annual budget on Tuesday with a promise to open the door to homeownership for millennial and Gen Z renters. You’ll have to read the fine print to find measures for young renters who can’t buy a home — or just don’t want to. In her budget document, Finance Minister Chrystia … Read more
A surge in new apartment construction drove housing start increases in some major Canadian cities last year, but demand continues to outweigh supply, according to a report released Wednesday by the federal housing agency. The report from Canada Mortgage and Housing Corporation focuses on six major cities: Toronto, Montreal, Vancouver, Calgary, Edmonton and Ottawa. Their combined housing … Read more
“Swift swings” takes a quick peek at one economic trend. The number: Permits for new California housing dipped slightly in 2023 – but it was still better than the national norm. The source: My trusty spreadsheet looked at the National Association of Home Builders’ tally of housing permits last year, comparing that with 2022 for all … Read more
