Lori McNevan is experiencing the country’s rental problem firsthand. Since 2016, Ms. McNevan has been renting a lovely detached three-bedroom, two-bathroom home with a garage and large fenced backyard in Stratford, Ont. The $1,300 monthly rent was reasonable to start and has since only risen to $1,338.
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The entire council in the Village of Empress has resigned after months of rumoured infighting following the fall election and changes among senior administrators.
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It’s that time of year again – property taxes will soon be due.
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“South Florida has benefited from broader interest in relocation. While affordability is eroding as rents rise, Florida’s lack of income tax continues to make it an attractive target for households looking to relocate, particularly from higher-tax areas,” said Danielle Hale, chief economist at realtor.com.
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Rents are rising faster than they have in years. In the few years before the pandemic, rents were generally going up about 3% from one year to the next.
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Inflation figures will be out today and the cost of living is rising fast – especially the cost of housing, one of the largest expenses of any household.
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A recovering energy industry, rebounding downtown commercial market and a competitive tax environment — all at a more affordable price point — have been working in tandem to drive a resurgence in Calgary real estate, according to industry watchers.
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The town has re-emphasized that the parking lot across the street from the upcoming transit hub is not meant to be used as a ‘park and ride’ for Cochranites taking the bus into the city. While a future structure on the site (not currently funded) could allow for that type of use, the town says capacity isn’t there in the lot’s current surface-only form.
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CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest batch of weekly mortgage application data.
Video: https://cnb.cx/3LpXJcQ
New Zealand has a buyers’ market sooner than expected, with house sales volumes at the weakest they have been in a decade, CoreLogic says.
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