LANDLORDS WARN THAT P.E.I.’S HOUSING CRISIS IS ABOUT TO GET WORSE
An association representing P.E.I.’s landlords warns that the housing crisis in the province is poised to get even worse, given that fewer new rental properties are being built and large and small companies alike are selling off their rental units. Judy Zuppan-Grialdi said she is barely breaking even when she and other building owners rent out units these days, though prospective tenants might think otherwise. “When I advertise a property for $2,300, I’m totally ridiculed,...
read moreNEWCOMERS TO CANADA STRUGGLE WITH RENTAL HOUSING CRISIS
Canada is engaged in a losing race to keep up with an unprecedented level of demand for rental housing, leaving a record number of new immigrants to scramble for a place to live. In several of the country’s major cities, including Montreal, Vancouver and Halifax, vacancy rates stand at 1% or lower. In Toronto, the nation’s largest city, the rate is only slightly better at 1.8%, with monthly rents averaging more than $2,260. “When we say Canada has a housing crisis, we mean...
read moreSASKATOON RENTAL HOUSING MARKET TIGHTENS
The considerable tightening of Saskatoon’s rental market as recently described by Canada Mortgage and Housing Corp. (CMHC) came as no surprise. After the madness of COVID and the connected hot housing market, in which people bought almost everything in sight, something was going to happen. One of those things was inflation, giving rise to higher mortgage rates. Another was a dearth of properties to buy, most notably affordable single-family homes. Both of these somethings would be enough to...
read moreCANADA’S IMMIGRATION PROBLEM: NOT ENOUGH HOMES FOR NEWCOMERS
Canada’s bid to attract a record number of immigrants, required to fill job openings and drive economic growth, has run into a bottleneck: There aren’t enough residences to accommodate these newcomers. Immigration into Canada is on pace to hit a record high in 2022 of 431,000, following the entry of about 405,000 the previous year, and the country is targeting entry of another 900,000 newcomers in 2023 and 2024 combined. Because of immigration, Canada’s population over the past half-decade...
read moreHOW CANADA’S EMPTY OFFICES COULD GET A SECOND CHANCE
The COVID-19 pandemic has generated significant short- and long-term changes to the way people live, play and, especially, work. While some aspects of pre-pandemic life – like socializing indoors without a mask and travelling – have made a comeback, offices across the country have yet to return to their pre-pandemic occupancy rates. Whether companies will abandon the remote and hybrid workplace models that became popular during the pandemic is to be determined. But two things are clear: Office...
read moreCALGARY TENANTS GROUP PUSHES FOR RENT CONTROL, EVICTION PROTECTION
A group of Calgary renters is organizing to advocate for better tenants’ protections in the city. The ACORN Tenant Union began in Calgary this June, looking to represent and advocate for low- and middle-income renters in the city. As of Thursday, their membership list had reached more than 1,100. That count includes Jordie Hoffman, a University of Calgary student who has lived in four different rental units in the past year, finding difficulties securing housing as Calgary’s market sees rising...
read moreMORE THAN 250 N.B. PUBLIC HOUSING UNITS SIT EMPTY ON AVERAGE EACH MONTH, DESPITE WAIT LIST
Jessica Wright has spent more than a year and a half on New Brunswick’s wait list for affordable housing, hoping to be placed into an accessible unit in Saint John or to receive a supplement to help pay her rent. The 31-year-old signed up shortly after she had two aneurysms on the right side of her brain, affecting her balance and mobility, among other challenges. “I went from I would say a somewhat healthy, normal, physical person at 30, to a very disabled person,” Wright...
read moreWEEK OF JULY 4 2022 NEWSREEL WITH KERRY CHANDLER
Today we’re talking – rent control and vacancy decontrol, the government, advocacy groups and how they hurt both tenants and the industry.
read moreWHY AFFORDABLE WORKER HOUSING IS THE LATEST HURDLE FOR CANADA’S TOURIST TOWN HOTSPOTS
When he opened Fish & Sips with his wife in 2015, Paul Feather found hiring to be one among many challenges of running a restaurant with long hours on the main drag of Collingwood, Ont. But after the COVID-19 pandemic struck and housing prices in vacation hotspots soared, the cod-and-calamari-slinging 49-year-old saw staffing as his No. 1obstacle, due in no small part to a shortage of affordable places for workers to rent. “It’s the affordability, but also the availability. There isn’t...
read moreDESPITE HOUSING CRUNCH, ALMOST 20 PER CENT OF ST. JOHN’S UNITS ARE EMPTY
As a shortage of affordable rental housing grips the capital of Newfoundland and Labrador, an anti-homelessness group is calling on the City of St. John’s to fill its vacant public units. Doug Pawson, executive director of End Homelessness St. John’s, says the 80 units sitting empty as of Tuesday — 51 of which need repairs before they can be rented — could have a big impact in the city of about 212,000 people. “Fifty units of public housing that are not available could make a...
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