WHEN IT COMES TO HOUSING, WHO DEFINES AFFORDABLE?

WHEN IT COMES TO HOUSING, WHO DEFINES AFFORDABLE?

WHEN IT COMES TO HOUSING, WHO DEFINES AFFORDABLE? For years, we have been reading about affordable housing and how difficult it is to find in Ontario, and in fact across Canada. But what does the word “affordable” mean? Who defines it?CMHC has defined it to mean that...
STATISTICS SHOW STRONG FEBRUARY SALES FOR THE GTA

STATISTICS SHOW STRONG FEBRUARY SALES FOR THE GTA

STATISTICS SHOW STRONG FEBRUARY SALES FOR THE GTA According to Altus Group, February 2022 new home sales in the GTA were strong, with overall sales being 17 per cent above the 10-year average (https://bit.ly/3JFsOIG). Condominiums did especially well, with sales up 78...
IMMIGRATION ON THE RISE

IMMIGRATION ON THE RISE

IMMIGRATION ON THE RISE Recently, Canadian Immigration Minister Sean Fraser announced his plan to welcome 431,645 new permanent residents this year, 447,055 in 2023 and 451,000 in 2024 – to a total of 1,329,700. These projections represent a huge difference from the...
ONTARIO GOVERNMENT FINALLY ACTS ON HOUSING

ONTARIO GOVERNMENT FINALLY ACTS ON HOUSING

ONTARIO GOVERNMENT FINALLY ACTS ON HOUSING It has been a long time coming, but our provincial government has taken a big step forward in easing the new home and condominium supply and affordability problems in Ontario. For years, builders and developers have urged...