by Kimberly Greene Yesterday, the federal and provincial governments announced the Canada-Ontario Housing Benefit, a joint venture that will provide direct support to Ontarians in housing need. More details have emerged on the program, namely who will be served as well as how the funds will be distributed. “It is the first direct support for rental housing in generations,” said the … Read More

by Kimberly Greene Minister of Finance Bill Morneau was urged to reconsider the borrower stress test in a Ministerial Mandate letter from Prime Minister Justin Trudeau. The prime minister reiterated Morneau’s commitment to four key principles for the implementation of the government’s fiscal plan: reducing the government’s debt; preserving Canada’s AAA credit rating; investing in people and things that give … Read More

By: Ian Bickis The Canadian Press TORONTO — When Chris Pollard wanted to list his Toronto condo, he decided to try a private sale in his neighbourhood first. And thanks to a Supreme Court decision last year against the Toronto Real Estate Board, he and his wife were able to look up how much similar units had sold for in the area … Read More

by Ephraim Vecina The cost of Canadian housing – which also covers water and utilities – shot up by more than 208.68% in the decades since 1980, according to Statistics Canada. The latest edition of the agency’s consumer price index also found that rent had a 144.2% increase during this period, while owner costs (inclusive of carrying costs) went up by … Read More

by David Larock Source According to the Chinese Zodiac, 2019 is the Year of the Pig, but history may better remember it as the Year of the Falling Interest Rate. Today, approximately one-quarter of the global bond market trades at a negative yield. (When a bond has a negative yield, it means that investors will end up with less than … Read More