Global bond yield rates are up this month, and Canada is not missing out on the action. Yield rates surged to 1.24% from the 0.85% of late September.
Richard Lyall is president of RESCON and has represented the building industry in Ontario since 1991. Contact him at [email protected]
We are in the middle of a housing crisis, plain and simple, because demand is outpacing supply and, consequently, we’re seeing some very dramatic spikes for the price of homes.
We are in the middle of a housing affordability and supply crisis in Canada, yet the federal government has been dragging its feet on initiatives to increase the supply.
We are in the middle of a housing crisis here in the GTA and across Ontario—and Canada for that matter. The cost of building new homes continues to rise. The situation is dire and hampering our economic growth.
A recent survey by Abacus Data stated that one-third of non-homeowners in Ontario have given up on ever owning property; another 26 per cent are pessimistic.
The move has given builders leeway to stagger shifts and therefore limit the number of construction workers at gathering points on a worksite, such as at a hoist.
Municipalities have often been slow in updating zoning to align with provincial land-use planning policy. This ultimately can affect the speed of new housing supply coming to market.
A decrease in vehicle ownership and increases in driving alternatives like ride-sharing and public transit has resulted in reduced need for parking spaces by residents who buy units in new developments.
A shortage of trades would set our industry back and have disastrous effects on our economy. Our province is in desperate need of housing and we must keep building it.
More than 20 public and private sector organizations are now on board with the ambitious initiative, known as One Ontario. The goal of the initiative is to achieve efficiency and transparency through the development approval process.
Developers have delayed many projects due to COVID-19 which has set back thousands of occupancies.
dalia-barsoum
daniel-johanis
sherry-cooper
glenn-mcqueenie
Critics of the practice known as “blind bidding” are now calling for alternatives to be put in place, claiming it drives up prices artificially and makes homes more unaffordable.
One major concern for Canadians has been the topic of affordability and so far, the market seems to be making its way back on track.
The pandemic has been difficult on landlords but it highlights the importance of working with tenants who were incapable of paying rent on time and finding solutions.
Brantford has become a hotbed of investor activity lately, thanks to multifamily dwellings and affordable low-rise housing.
A new digital platform endeavours to streamline what its founders say is an inefficient housing development process through a new data-driven operating system for developers to share and access information.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
