The federal government's commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns.
The pace of new home construction is picking up in Ontario, though it is still far off the levels needed for the government to achieve its pledge to build 1.5 million homes by 2031, the budget released Tuesday shows.
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The Justin Trudeau government is threatening to withhold Ontario funding earmarked for affordable housing, claiming that “almost no progress” has been made by the province.
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The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago in what could mark the “last relatively uneventful month of the year.”
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The pace of home construction rose in February as builders started on more apartments and condos, but the industry continues to struggle under cost pressures.
Renters face daunting barriers in their attempts to build wealth as they're forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report out Thursday.
More than half of the homes for sale in seven regions in the GTA were listed for more than $1 million in February, according to a recent Point 2 Homes report.
Greater Toronto home sales and listings were up in February from last year, but adjusted sales were down from a month earlier, the region's real estate board said Tuesday.
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