Tag #Canadian Housing Crisis

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theglobeandmail.com

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Aug 16, 16:17

RioCan Abandons Luxury Rental Development Amidst Canada's Housing Crisis

RioCan Real Estate Investment Trust recently ended its Living division, which focused on building luxury rental apartments in Canada, due to lower-than-expected rental income and high development costs, despite Canada's housing shortage.

RioCan Abandons Luxury Rental Development Amidst Canada's Housing Crisis

RioCan Real Estate Investment Trust recently ended its Living division, which focused on building luxury rental apartments in Canada, due to lower-than-expected rental income and high development costs, despite Canada's housing shortage.

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What factors led to RioCan's decision to exit the residential rental development market, despite Canada's housing crisis?

RioCan Real Estate Investment Trust, a Canadian real estate company, recently ceased its Living division, which focused on developing luxury rental apartments. This decision comes despite Canada's severe housing shortage, highlighting challenges in the rental development sector.

theglobeandmail.com

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Jul 24, 13:14

Ontario Housing Crisis: 25% Drop in Starts Threatens National Affordability

Ontario's housing starts fell 25 percent in the first half of 2025, totaling 27,368 new homes—a significant drop that undermines both provincial and national housing goals, exacerbating affordability issues across Canada and highlighting the need for policy changes.

Ontario Housing Crisis: 25% Drop in Starts Threatens National Affordability

Ontario's housing starts fell 25 percent in the first half of 2025, totaling 27,368 new homes—a significant drop that undermines both provincial and national housing goals, exacerbating affordability issues across Canada and highlighting the need for policy changes.

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What is the immediate impact of Ontario's 25 percent decline in housing starts on national housing affordability and government targets?

Ontario's housing starts plummeted 25 percent in the first half of 2025 compared to the previous year, reaching only 27,368 new homes. This sharp decline undermines both the provincial target of 1.5 million new homes by 2031 and the national goal of doubling home building by 2035, significantly hindering progress towards housing affordability across Canada.

theglobeandmail.com

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Apr 29, 19:18

Canada's Ambitious Housing Plan: 500,000 Homes Annually

The Canadian Liberal government plans to build nearly 500,000 homes annually through federal initiatives such as the Build Canada Homes organization, facing challenges from varying provincial regulations, economic uncertainty, and the need for long-term financial sustainability.

Canada's Ambitious Housing Plan: 500,000 Homes Annually

The Canadian Liberal government plans to build nearly 500,000 homes annually through federal initiatives such as the Build Canada Homes organization, facing challenges from varying provincial regulations, economic uncertainty, and the need for long-term financial sustainability.

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What are the immediate impacts and changes resulting from the Liberal government's plan to build 500,000 homes annually?

The Canadian Liberal government aims to construct nearly 500,000 homes annually, focusing on federal initiatives like the Build Canada Homes organization. This plan involves government financing for prefabricated housing and reviving the Multi-Unit Rental Building (MURB) tax incentive, alongside GST reductions for first-time homebuyers. However, experts express concerns about the feasibility and long-term sustainability of these projects.

theglobeandmail.com

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Aug 5, 01:13

Canada's Housing Crisis: Unsold Condos and Stalled Construction".

Canada's housing market faces a paradox: high prices coexist with unsold condos in Toronto and stalled condo construction in Vancouver due to high costs, policy restrictions on foreign investment, and financing challenges, resulting in project delays and industry layoffs.

Canada's Housing Crisis: Unsold Condos and Stalled Construction".

Canada's housing market faces a paradox: high prices coexist with unsold condos in Toronto and stalled condo construction in Vancouver due to high costs, policy restrictions on foreign investment, and financing challenges, resulting in project delays and industry layoffs.

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What are the immediate consequences of the decline in condo sales and construction in Canada's major cities, and how does this impact housing affordability?

Canada's housing market is experiencing a paradoxical crisis: while home prices remain high, a surplus of unsold condos exists in Toronto, and condo construction in Vancouver has plummeted. This is due to high construction costs, land prices, and municipal fees, as well as fluctuating US tariffs, which have hindered new construction. In Toronto, approximately 24,000 condos remained unsold by June 2025, with only 502 sales in the second quarter. In British Columbia, construction projects are on hold due to cost and financing uncertainties, leading to significant layoffs in the construction industry.",

theglobeandmail.com

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Jul 21, 07:11

Canada's GST Home Rebate: Limitations and Potential for Improvement

The Canadian government introduced a GST rebate on new homes up to $1 million for first-time buyers, but its limitations and regional price variations need addressing to maximize its economic impact and address housing affordability.

Canada's GST Home Rebate: Limitations and Potential for Improvement

The Canadian government introduced a GST rebate on new homes up to $1 million for first-time buyers, but its limitations and regional price variations need addressing to maximize its economic impact and address housing affordability.

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What are the immediate impacts and economic consequences of the Canadian government's proposed GST rebate on new homes?

The Canadian government is implementing a GST rebate on new homes up to $1 million for first-time buyers, aiming to boost the housing market and address affordability concerns. However, the current policy has limitations, excluding buyers of homes under construction before the cut and those needing to upgrade or downsize. This initiative seeks to stimulate the economy by increasing housing starts, currently hindered by slow sales and interprovincial trade barriers.

theglobeandmail.com

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Mar 31, 22:16

Carney Proposes Federal Agency to Tackle Canada's Housing Crisis

Liberal Leader Mark Carney unveiled a housing platform including a new federal agency, "Build Canada Homes," to build 500,000 homes annually, halve municipal development charges for five years, and provide $10 billion in low-cost financing, contrasting with Conservative Leader Pierre Poilievre's tax...

Carney Proposes Federal Agency to Tackle Canada's Housing Crisis

Liberal Leader Mark Carney unveiled a housing platform including a new federal agency, "Build Canada Homes," to build 500,000 homes annually, halve municipal development charges for five years, and provide $10 billion in low-cost financing, contrasting with Conservative Leader Pierre Poilievre's tax...

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What immediate actions are proposed to significantly increase the rate of residential construction in Canada?

Liberal Leader Mark Carney announced a plan to address Canada's housing crisis by creating a new federal agency, "Build Canada Homes," to boost residential construction and halve municipal development charges for five years. This is projected to double the annual construction rate to 500,000 homes within a decade and save homebuyers approximately $40,000 on a two-bedroom Toronto apartment.

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