Businesses had to pivot or shut down during the pandemic. With no sales, demand, and a host of restrictions, small businesses that could transition to a digital platform and still operate took that route while many others ceased to exist. According to the U.S. Bureau of Labor Statistics (BLS), 20% of small businesses fail within … Read more
Nine years ago, one of Silverthorne’s few income-restricted housing properties was sold to a private firm. The sale — at a price that was double the property’s assessed value — raised worries in the high-cost mountain community that the new owner of the Blue River Apartments might lift rent caps that had kept its 78 … Read more
Gov. Jared Polis signed “for-cause” eviction protections into law Friday, making Colorado the sixth U.S. state to enact the policy that’s aimed at blunting displacement of vulnerable tenants. The law, passed by the legislature late last month, effectively gives tenants a right of first refusal to renew their leases. That protection, supporters say, will insulate … Read more
Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase. The federal agency’s consumer price index for March 2024 saw a 2.9 per cent increase compared to the year before. In February, that measure was at 2.8 per cent, so while March saw an … Read more
A protest of around 200 residents erupted in Seattle this month after a “serial squatter” refused to leave his $2 million mansion in the upmarket neighbourhood of Bellevue. Jaskaran Singh, who owns the five-bedroom property, has launched a legal case against the squatter, claiming that the unlawful tenant owes him a staggering $80,000. A court … Read more
Colorado legislators will work through Budget Madness Part 2 this week, as the state’s spending plan for next year is set to pass the House on Monday before crossing over and restarting the process in the Senate. The House worked all day and into the night Thursday (before taking Good Friday off) to give initial … 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
Reports have been abuzz about the return of Imran Khan who has been on an infinite sabbatical from the industry. The actor, of late, has been making many appearances at events, and is often accompanied by Lekha Washington. With Imran recently confirming about his relationship with Washington after several rumours, now we hear that the … Read more
The San Jose City Council this week unanimously approved a new “tenant preference” policy meant to keep low-income tenants at risk of displacement in the city. Under the law, 20% of affordable apartments in new city-funded properties will be reserved for lower-income applicants living in “high-displacement” areas. Additionally, 15% of affordable apartments will be set … Read more
Democrats in the Colorado Senate fought off a challenge from within their own party Monday and advanced a bill that would increase displacement protections for tenants — clearing that hurdle nearly a year after the legislative death of a similar proposal. The bill generally would give renters of apartments and other housing a right of … Read more
