CO-OP HOUSING COULD HELP SOLVE CANADA’S AFFORDABILITY CRISIS, ADVOCATES SAY
Ayanna Inniss believes the co-op motion could be a part of the answer to this nation’s housing affordability disaster. The Edmonton-area lady nonetheless remembers the “soul destroying” expertise of in search of reasonably priced housing 20 years in the past, earlier than she moved into the Brittany Lane Housing Co-op within the bed room group of Sherwood Park, Alta. Newly separated on the time and cash-strapped, Inniss stated she visited one run-down residence constructing after one other in...
read moreHUDSON’S BAY DONATES WINNIPEG STORE TO FIRST NATIONS FOR AFFORDABLE HOUSING
In a watershed move, Hudson’s Bay Company (HBC) will donate its former flagship department store building in downtown Winnipeg to local First Nations. Under the ownership of the Southern Chiefs’ Organization (SCO), which represents Manitoba’s 34 southern First Nations communities, the building will be redeveloped with a wide range of mixed uses benefiting Indigenous people, while also providing some new life for the city centre. The 1923-built, six-storey department store spans 655,000 sq ft...
read moreTORONTO’S TURNING SOME OF ITS OFFICES INTO HOUSING. ADVOCATES SAY IT’S A ‘MODEL’ FOR OTHER GOVERNMENTS
City experts and housing advocates are applauding a move by Toronto council to change the way it manages city-owned buildings — and they’re hoping other cities and governments follow suit. On Wednesday, councillors unanimously passed the next phase of the city’s plan to cut its office footprint from 55 locations to 15, a move it estimates will save more than $30 million annually. Now, the City of Toronto has the go-ahead to renovate eight of its properties in the coming years to...
read moreCITY LAUNCHES AFFORDABLE HOUSING NOW PROGRAM
Following unanimous Council approval last month, the City of Winnipeg has launched the Affordable Housing Now Program in support of local affordable housing projects, the City announced Friday. The program offers a range of municipal supports for local projects, including tax incentives, grants, and coordination with resources available through the Canada Mortgage and Housing Corporation (CMHC). The Affordable Housing Now Program, which is being administered in partnership with CentreVenture...
read morePROGRAM COULD SPUR DEVELOPMENT OF AFFORDABLE HOUSING, MIXED-INCOME NEIGHBOURHOODS, WINNIPEG COUNCILLORS TOLD
A new City of Winnipeg program could help create more affordable, mixed-income neighbourhoods by making it easier for non-profits and developers to access housing funding, city councillors heard Friday. “We want to create communities that are complete, equitable and affordable,” rather than a city where “people with certain incomes are living in these areas and people of higher incomes live in other areas,” City of Winnipeg housing co-ordinator Noah Yauk said during a...
read moreCANADIAN REAL ESTATE PRICES EXPECTED TO DROP 24%, CAN CRASH 40%
Canadian real estate prices might be in for a bit of a dip if one of the world’s leading forecasters is right. Oxford Economics’ latest forecast shows home prices falling 24% by mid-2024. Higher interest rates and anti-speculation policies are forecast to begin the price declines this fall. If these measures fail to correct prices and they rise further, a crash of 40% and a financial crisis is expected. Canadian Real Estate Prices Are Expected To Fall 24% The firm sees a substantial decline in...
read moreRENTAL MARKET PROVES ROBUST HOUSING SUPPLY DYNAMICS HELP PEOPLE FIND HOMES
Owned and rental housing are two sides of the same coin, and they flipped quite distinctively during the pandemic: There were unprecedented increases in the prices and sales of owned housing across the country, while demand for rental housing grew slightly overall, yet slowed in some markets. The demand for rental housing grew in 2021 relative to the previous year, along with the resumption of economic activity, especially in sectors employing young workers, and rising immigrant inflows,...
read moreFEDERAL COUNCIL SAYS KEY HOUSING PROGRAMS DOING LITTLE TO HELP THOSE IN NEED
A federal housing body is telling the federal Liberals to rethink parts of the government’s housing strategy so they better target rental units to those who need the help most. The report from the National Housing Council made public Monday said the three programs under review have done little to help households who live in homes that are too expensive, or too small, for them. The council’s report said that thousands of households could be left behind by the Liberal plan unless...
read moreTHE HUNT FOR THE MISSING MIDDLE
It’s safe to say that entire neighbourhoods within the GTA who have been void of triplex or quad housing projects will not be for too much longer. The need to create alternative housing configurations spurred on by the sheer cost of purchasing a semi-detached or detached home throughout the region is obvious. In fact, according to a report called Meeting in the Middle released in December by the Toronto Region Board of Trade, one planning reform calls for an end to residentially zoned...
read moreONTARIO MUST DOUBLE HOUSING PRODUCTION TO IMPROVE AFFORDABILITY, TASK FORCE SAYS
A lack of housing supply has once again been called the most significant contributor to worsening housing affordability in Ontario and, by extension, Canada. A new report by the Ontario Housing Affordability Task Force said simply that not enough homes have been built, contributing to the erosion of affordability in Ontario. The task force has come up with dozens of recommendations to improve the situation, identifying measures to reward municipalities that proactively build new housing and...
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