
affordability


New mortgage rules take effect today; more may be coming on Monday, economist says
Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

Housing unaffordability still rising despite billions in government measures: PBO
The number of Canadians in need of affordable housing is still rising despite billions in federal spending to tackle housing affordability, the parliamentary budget officer said in a new analysis published Thursday.

What European housing models could do for Canada’s affordability problems
Housing experts who have long promoted moving new home construction from suburbs to urban centres are calling for a similar approach to policy, saying several ideas currently percolating on the fringes of society in Canada have proven successful elsewhere and deserve a more central place in the national conversation.

Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO
Recent mortgage reforms introduced by the federal government, while a step in the right direction, aren’t enough to fully address Canada’s growing housing affordability crisis, according to Lauren van den Berg, CEO of Mortgage Professionals Canada.

Homeownership costs easing, but “long way to go” before affordability is restored: RBC
Borrowers experienced a slight reduction in homeownership costs in the first quarter, despite affordability remaining near its worst level ever.

On Quebec’s traditional moving day, hundreds of renters are still looking for a home
It’s moving day in Quebec, and Mario Lortie is leaving his apartment of 27 years.

New rules coming for tenants paying fixed rent in Nova Scotia’s public housing units
Nova Scotia is changing the rules for those who pay a fixed amount of rent for public housing, a move the government says is aimed at achieving fairness and consistency.

Exclusive: 76% of mortgage holders are anxious about their upcoming renewal: MPC survey
Growing financial anxiety is affecting both Canadian mortgage holders and non-owners alike, according to the latest consumer survey from Mortgage Professionals Canada.

Immigration provides important buffer for Canadian economy as population greys: RBC
High levels of immigration are helping blunt the economic impact of Canada’s aging population even though it’s worsened challenges with housing affordability, a report by RBC says.