measure for Canada improved in the fourth quarter of 2017 for the first time in more than two years. It was mostly due to a drop in Toronto prices. The significant cool-ing in the Toronto market since the introduction of Ontario’s Fair Housing Plan led to a modest decline in single-detached home prices. Affordability remains stretched.
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Social housing providers reliant on federal funding will receive some short-term financial help starting this week to eventually keep 55,000 units available for low-income families.
We might find out soon if Kathleen Wynne is going to step down as leader of the ontario liberal party before the next election. CBC’s Ontario political analyst Robert Fisher says it all depends on.
Canada’s finance minister said a tweak to the rules surrounding down payments in the real estate market is meant as a corrective measure, and it shouldn’t hurt first-time homebuyers.
First, you got what the Liberals called "Ontario’s Fair Hydro Plan," a move to knock 17 per cent off the price of electricity (after years of rising costs). Now, you get "Ontario’s Fair Housing Plan," a move to cool the price of buying or renting a place to live (after years of rising costs).
Ontario will receive .2 billion more over the next 10 years for affordable housing under the first of several funding agreements the federal liberals plan to sign by the end of the year. The provincial and federal governments say the money set aside under the Liberal government’s national housing strategy, as well as other already-promised funds, will aim to preserve 130,000 units of social housing.
· OTTAWA – A new federal program aiming to give homebuyers some help covering their mortgage costs will kick in on Labour Day – weeks before.
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Yesterday, Ontario Premier Kathleen Wynne said her government’s plan to help first-time home buyers would involve a "small change." By "small change" she means we won’t see a radical shift in the workings of the Ontario housing market anytime soon (don’t shoot the messenger).
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Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election Ottawa to pick up 5% of a mortgage on existing homes for households that earn under $120,000 a year