Days before Christmas, María Vela was saying goodbye to the narrow one-bedroom apartment in East Los Angeles that has been the backdrop of her family’s lives for the last 30 years. Vela looked at her wedding photo hanging in their living room. The couple hosted their wedding reception out on the driveway, Vela said, gesturing … Read more
Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached home in southwest Edmonton, Miranda paid $1,650 per month in rent. Her rent later increased to $1,800 and will go up again to $1,950 when … Read more
By Jeanne Kuang | CalMatters When California lawmakers passed a rent cap four years ago to protect tenants from large and frequent rent hikes, they exempted hundreds of thousands of units reserved for some of the state’s poorest renters. Low-income housing, after all, is usually built with public subsidies that already impose rent ceilings on … Read more
The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply. In a speech in Windsor, Ont., deputy governor Toni Gravelle acknowledged many of the benefits coming from this rise in immigration, … Read more
