The defeat of Denver’s ambitious affordable housing sales tax by voters has generated plenty of reflection in the week since Mayor Mike Johnston and other supporters’ hopes for a narrow passage flickered out. Political activists, observers and even supporters say the proposal suffered from the lack of a clear spending plan that could be explained … Read more
Living in Colorado, for many, means spending a lot of time worrying about how to make the rent or the mortgage — or whether they’ll ever be able to buy a home. Housing costs have been on a long and sometimes sharp climb throughout the state. In Colorado Springs, home prices have risen 119% since … Read more
A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets. The report from Rentals.ca and Urbanation found the average Vancouver rental rate was down six per cent from last year to $3,116 for the ninth straight month of … Read more
Colorado Attorney General Phil Weiser is joining a Justice Department antitrust lawsuit against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices in Colorado and elsewhere. The lawsuit, filed Friday alongside seven other attorneys general in states including North Carolina and California, alleges the … Read more
An Adams County judge has handed a small victory to former residents of a condemned apartment building in Aurora by ordering the property owners and managers to immediately find housing for the dozens of families displaced. District Court Judge Sarah Stout on Wednesday afternoon granted a temporary restraining order requested by Javier Hidalgo the previous … Read more
Residents living in a condemned apartment building in Aurora pleaded with city officials Thursday for more time to find new housing ahead of a move-out deadline looming early next week. “We are humans. We are not animals,” said Emanuel Chabrier, 27, a renter for about three years. “This is not fair.” On Wednesday morning, police … Read more
President Joe Biden’s proposal this week to cap rent increases in larger apartment buildings across America has elevated an idea that’s long been embraced by progressive housing advocates in Colorado — but, in a split among Democrats, is opposed by Gov. Jared Polis. What’s more, at the local level, rent-stabilization policies are essentially illegal under … Read more
In Toronto, the rental market has escalated to unprecedented levels, highlighting a crisis that many find alarming. With average rent prices soaring to $2,444 for a one-bedroom apartment and $3,199 for a two-bedroom apartment, a minority of landlords have resorted to listing affordable yet highly questionable properties to attract tenants with limited resources. Toronto now … Read more
The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca. The slowed pace of price growth is a sign that supply and demand are rebalancing in the rental … Read more
Denver Mayor Mike Johnston’s popularity is holding steady after 11 months in office, according to a new poll released Wednesday, but its findings suggest a sales tax increase he’s pitching for the November ballot could face some skepticism from voters. Johnston remains confident in his tax proposal, unveiled Monday. It would generate an estimated $100 … Read more
