Tag: politics
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Toronto Council Urged to Invest $351 Million in Affordable Rentals
City staff in Toronto are calling on the council to invest $351 million into affordable housing projects to facilitate the construction of 6,000 new rental units for low-income tenants and young, middle-class families. This ambitious plan aims to address the city’s affordable housing crisis and ensure these units remain affordable for at least 40 years.…
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Trudeau proposes Canadian Renters’ Bill of Rights to ease housing crisis
In a landmark move aimed at stabilizing the increasingly volatile housing market, Prime Minister Justin Trudeau has introduced a groundbreaking Canadian Renters’ Bill of Rights. Announced from East Vancouver – Canada’s priciest city for renters – this initiative promises significant changes to support young Canadians struggling to find their footing in today’s challenging economic landscape.…
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Toronto city council has officially approved Olivia Chow’s 9.5% property tax hike
’80 cents extra a day, folks can afford it,’ Chow told reporters Wednesday In a landmark decision that marks the city’s largest property tax increase in over a quarter of a century, the Toronto City Council has greenlit a significant hike in property taxes, coupled with a $20 million boost to the police budget. This…
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Canada extends the ban on foreign home buyers to 2027 amid housing affordability crisis
The Canadian government has recently announced an extension of the foreign ownership ban on residential properties, a move aimed at addressing the country’s escalating housing crisis. Initially implemented on January 1, 2023, this ban prevents foreign businesses and individuals from buying homes in Canada. Originally set to expire on January 1, 2025, the ban is…
Canada Housing Market 