In today’s Big Story Podcast, there are several rent strikes happening in Canada right now, mostly in Toronto. Some of them have been going on for six months or more. Evictions have been long-threatened, but slow to happen. And most tenants haven’t seen any concession or negotiation, even when the mayor stepped in.
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An early influx of purpose-built units in various markets led to a noticeable increase in Canada’s average rents in October, according to a new report by Rentals.ca and Urbanation.
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PwC Canada and ULI’s Emerging Trends in Real Estate (ETRE) report says a marked deepening of recent trends such as higher interest rates and more expensive and increasingly scarce capital which are creating a bifurcation of real estate and more difficulties for many companies which is leading to a reset in Canadian real estate.
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As No-Shave November draws to a close, it’s an ideal moment to recount a humorous story from Charles Holliday’s ‘The Valley of Youth.’
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When Pawel Kosicki and Megan Munro discovered they did not own their backyard, I imagine it spoiled their day and then some.
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Mortgage worries are top of mind for millions of Canadian homeowners, a new survey suggests. The poll by Leger, commissioned by online mortgage marketplace RatesDotCA, found 35 per cent of surveyed homeowners indicated they are concerned about their ability to pay their mortgage over the next three years.
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British Columbia’s New Democrat government is expanding one of its first measures to combat the housing crisis to include 13 more communities.
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The Bank of Canada could start cutting interest rates before inflation reaches its two per cent target, but only if the labour market co-operates, economists at Desjardins Group say.
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The federal government recorded a budgetary deficit of $8.2 billion between April and September, $3.9 billion of which was in September.
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Getting on the property ladder is so tough these days more young Canadians despair of ever getting to the first rung.
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