The term ‘affordable housing’ means very different things to different people. If you ask the average 30 something year old couple trying to find a house in downtown Toronto, affordable means anything under $1 000 000 as the average cost for a detached home hit $1.26 million this month. On the other end of the socio economic ladder, many Canadians are experiencing difficulties finding a place to live within their budget in neighbourhoods they have lived in for years, and the problem is only getting worse. … What Affordable Housing Means and Why It’s Important
The Government of Ontario has set the 2017 guideline for rent increases to 1.5 per cent.
The guideline, which is set by the Province of Ontario, outlines the maximum percentage by which landlords can increase a tenant’s rent based on the Ontario Consumer Price Index. The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board.
Canada’s housing and rental markets continue to be a topic of conversation for real estate experts and economists, journalists and media outlets, government officials and the general public.
RentSeeker.ca, Canada’s Leading Real Estate Website and Apartment Finder, has Launched the First Ever LIVE Web-Based Real Estate Panel Discussion featuring Real Estate Professionals, Top Business and Real Estate Journalists and MP’s from across the country to discuss Canada’s Real Estate Market.
RentSeeker.ca, Canada’s Leading Apartment Finder and Real Estate Marketing and Data Company today published it’s Annual Housing Market Report INFOGRAPHIC – showing the cost to purchase a home in cities across Canada, and the salary needed to support the purchase. The Housing Market Report also includes year-over-year changes (listed below).
The topic of Canada’s housing market is in the national news on an almost daily basis, and even globally, with year-over-year increases of close to 10% in markets like Toronto and Vancouver. In fact, the Canadian housing market rise outstripped all but 3 other global markets!
Canada Mortgage and Housing Corporation (CMHC) released updated results recently from its House Price Analysis and Assessment (HPAA) framework, which is designed to detect the presence of problematic conditions in Canadian housing markets.
CANADA MORTGAGE AND HOUSING CORPORATION recently announced that “Effective September 28, 2015, revisions to homeowner policies in the areas of down payment assistance, market value requirements, share of equity appreciation and monthly subsidy assistance will be made to align CMHC’s policies with the evolving financing needs of the affordable housing marketplace.”
This means that CMHC will now consider up to 100% of gross rental income from a 2-unit owner-occupied property that is the subject of a loan application submitted for insurance.
We often hear Canadians comparing pricing on Housing, Cars, Electronics and more with our neighbours in the U.S.
So our team here at RentSeeker.ca decided to research the pricing on some of the more popular items across both borders and present it the way we know best – in a cool INFOGRAPH! … Canada vs. U.S. Price Comparison on Housing, Autos and more!
With housing prices across Canada seemingly on the constant rise, many Canadians feel left out of the “Canadian Dream” of owning their own home.
So RentSeeker.ca and our friends at Blue Chip Mortgage decided to take a look at what it actually costs and how much income you need to actually purchase a home in many cities across Canada. … The Salary You Need to Buy a Home in Cities Across Canada