In 2023, Canada’s population of non-permanent residents (NPRs) grew by more than half a million people, part of the steepest single-year rise in at least five decades of available data.
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Monthly Archives: December 2023
Why this alternative lender’s CEO isn’t afraid of the mortgage cliff
Financial Post: Do you think Canadians can afford their mortgages right now?
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Housing: Canada’s rental woes likely to persist in 2024, experts say
Lawmakers across Canada have put a renewed focus on making housing more affordable, but experts predict chronic issues around pricing and supply will keep straining the country’s rental market in 2024.
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Banking changes to look out for in 2024
The federal government approved RBC’s $13.5-billion takeover of HSBC Canada in the waning days of 2023, despite concerns from critics that it will stifle competition. Banking customers will start to see next year how the acquisition, expected to close in the first quarter, shakes out.
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Feds dish out cash to S. Alberta communities for road development, infrastructure maintenance
The County of Newell and the MD of Taber will each receive $50,000 in federal grants to develop road and infrastructure maintenance programs.
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Rent Revolt: U.S. Asking Prices Drop 2.1%, Biggest Plummet Since 2020
In November, the median asking rent in the United States witnessed a significant year-over-year drop of 2.1%, hitting $1,967—a substantial decline not seen since February 2020, as reported by Redfin. Additionally, there was a 0.6% decrease from October. This downturn is directly linked to the surge in available apartments resulting from a recent construction boom, leading landlords to grapple with an upswing in vacancies. Midwest asking rents are the exception.
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Housing Solutions of Northern Arizona report shows Flagstaff rents rising in 2023
Flagstaff rents continued to rise in 2023, according to a Housing Solutions of Northern Arizona (HSNAZ) Rental Attainability Report released on Dec. 18.
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Over $20K in building permits issued in November
Building permits issued by the City of Grande Prairie more than doubled in November compared to those issued in October.
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The Sydney suburbs where property prices fell most in 2023
Sydney’s property prices have increased overall this year, but there were a handful of suburbs where the market bucked the trend in the last 12 months.
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The Melbourne suburbs where house prices fell the most this year
A range of Melbourne suburbs have recorded price falls over the past 12 months, despite a modest rise in house prices which defied market expectations. But the declines were modest.
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