Canada Housing
> The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 242,195 units in March compared with 260,047 in February.
There are no consequences for landlords who break the rules. This will not end well, unless something changes dramatically - and soon.
cross-posted from: https://lemmy.ca/post/7083978 > Mississauga city council voted down a proposal on Wednesday that would have allowed fourplexes across the city but it decided instead to ask staff to consult on the feasibility of the idea and report back. > > In a tie vote, council defeated the motion moved by Ward 2 Coun. Alvin Tedjo and seconded by Ward 5 Coun. Carolyn Parrish. The motion, which aims to address what is widely referred to as the "missing middle" of housing availability, called on the city to allow four units "as of right" in Mississauga. A fourplex is a residential building with four separate dwelling units. archive link: https://web.archive.org/save/https%3A%2F%2Fwww.cbc.ca%2Fnews%2Fcanada%2Ftoronto%2Fmississauga-fourplexes-vote-motion-defeated-1.6993400
Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May. Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase. The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%. https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1
(Phil Tsekouras / CTV News)
As of June, the average one-bedroom rental costs about $2,200 across Ontario and more than $2,500 in Toronto. (By Manuela Vega/Toronto Star)
An analysis of early housing market reports shows the Bank of Canada's last interest rate increase affected buyers differently across the country, with home sales falling in some cities while rising in others. (Michael Lee/CTV News)
Ontario is getting hotter. What can cities do to keep residents safe as temperatures rise? (by Justin Chandler/TVO)
Under John Tory, Toronto’s police ducked austerity and blocked housing. A Mark Saunders mayoralty would’ve emboldened the force even more (by Jay Cockburn/Breach Media)
The construction is expected to start in early 2024 (Nicola Seguin/CBC News)
'The benchmark doesn't apply anymore,' says financial advisor Bruce Sellery (Maryse Zeidler/CBC News)
The tenants have a year to make a 20% down payment on the $5.25M building (Bobby Hristova/CBC News)