Tag: housing crisis
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88% of Canadian Renters Say Owning a Home is an “Unreachable Luxury”
Canada’s housing crisis is impacting lives across the nation, whether you rent or own a home. What was once a standard aspiration—owning a home—now feels like an unattainable luxury for most Canadians. From skyrocketing rents to increasing reliance on food banks, the effects of the cost-of-living crisis are felt deeply. Households are grappling with record…
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Ontario introduces new planning rules to create a “long-term building boom”
The Ontario government has announced new planning rules to address the province’s housing shortage, aiming to spur a “long-term building boom.” Housing Minister Paul Calandra introduced the new provincial planning statement at the Association of Municipalities of Ontario conference, emphasizing the need for a consistent approach to urban planning across the province. The goal is…
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Major Developers Join Toronto’s ‘Housing Now’ Initiative to Tackle Housing Crisis
The City of Toronto’s dedicated housing agency, CreateTO, recently provided an update on the ‘Housing Now’ initiative, revealing significant involvement from some of the city’s biggest developers. This collaboration aims to address the city’s housing shortage and affordability crisis. Notable developers like KingSett Capital, Greenwin, Tridel, Kilmer-Tricon, Ellis Don, and Windmill are key players in…
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5 Million Empty Bedrooms in Ontario Amid Skyrocketing Rent Prices and Housing Crisis
As housing affordability and soaring rent prices remain major concerns for renters in Ontario, a new map reveals a startling fact: there are millions of empty bedrooms across the province. According to the Canadian Census Mapper, the number of empty bedrooms in Ontario has reached approximately five million, a figure that some argue could significantly…
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Ontario Landlord Charges $500 for Tent Space Amid Housing Crisis
In Ontario, a rental advertisement has caused a stir by offering tent spaces for $500 on private property, highlighting the severe housing affordability issues in the area. The ad, which was quickly removed from Kijiji, targeted individuals living in makeshift tent communities and offered a spot on a private cottage property in Innisfil, near Barrie.…
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Trudeau Announces Bold, Multi-Billion Dollar Plan To ‘Solve’ Housing Crisis
As Canada grapples with a severe housing affordability crisis, Prime Minister Justin Trudeau has introduced a comprehensive multi-billion dollar strategy aimed at transforming the nation’s housing landscape. This ambitious plan, detailed in the 28-page document “Solving the Housing Crisis: Canada’s Housing Plan,” seeks to facilitate homeownership, improve housing for the unhoused, and enhance tenant protections.…
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According to a new report by Zoocasa, Toronto is now less affordable than New York and Miami
A recent study by Zoocasa highlights a growing disparity in housing affordability, with Toronto emerging as significantly less affordable compared to major U.S. cities like Miami and New York. This comprehensive analysis underscores the affordability crisis facing Toronto residents, driven by lower median incomes and higher home prices relative to these metropolitan hubs in the…
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Leon’s Furniture Unveils Plans for a 4,000-Unit Residential Development in North York
Leon’s Furniture, with a long history of over 100 years in Ontario’s home furnishings industry, is ready to make big changes in the Toronto real estate market. The company recently announced its groundbreaking entry into residential development, planning to introduce approximately 4,000 new homes in North York, Toronto. Transforming North York with New Housing This…
Canada Housing Market 