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politics
Saskatchewan residents to get carbon rebates despite province not paying levies, Trudeau says
Prime Minister Justin Trudeau speaks during an announcement about measures in budget 2024 for youth and education at Wanuskewin Heritage Park near Saskatoon on Tuesday, April 23, 2024. THE CANADIAN PRESS/Heywood Yu
report on business
New condo sales in the Toronto area hit 15-year low
Condo construction is shown in Ajax, Ont., on November 30, 2023. THE CANADIAN PRESS/Christopher Katsarov
canada
Toronto votes to keep vacant home tax after second year causes chaos
A row of townhouses are pictured in Toronto on February 13, 2024 (Laura Proctor/The Globe and Mail)
politics
Federal budget breakdown: New taxes, housing affordability and deficits for the foreseeable future
Deputy Prime Minister and Minister of Finance Chrystia Freeland holds a press conference in the media-lockup prior to tabling the Federal Budget in Ottawa on Tuesday, April 16, 2024. THE CANADIAN PRESS/Sean Kilpatrick
report on business
The housing measures announced to help with affordability in the 2024 federal budget
New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. The Canadian Real Estate Association is lowering its forecast for home sales and prices this year due to weakness in Ontario and B.C.THE CANADIAN PRESS/Sean Kilpatrick
done deal
With supply low, North York condo gets six offers
Done Deal, 233 Beecroft Rd., No. 1911, Toronto
cost of living
A government mortgage policy that makes sense – with one glaring question
Homes under construction are seen in a suburb, Friday, Oct. 15, 2021 in Ottawa. The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the gap between housing demand and available supply. THE CANADIAN PRESS/Adrian Wyld
canada
Parti Québécois leader pledges referendum, claiming Ottawa poses ‘existential threat’
<p>Parti Quebecois Leader Paul St-Pierre Plamondon speaks at the opening of a Parti Quebecois national council meeting, Saturday, April 13, 2024 in Drummondville, Quebec. Paul St-Pierre Plamondon is reiterating his pledge for a third referendum should his party take power in the next election. THE CANADIAN PRESS/Jacques Boissinot</p>
canada
Ottawa is funding affordable rental projects that aren’t actually affordable
SoHo Italia apartment building on Preston Street in Ottawa April 12, 2024. Photograph by Blair Gable
report on business
‘We’re seeing what we need to see. We just need to see it for longer’: Tiff Macklem explains the BoC’s thinking as it moves toward a pivot
Governor of the Bank of Canada, Tiff Macklem, poses for a portrait prior to a interview with a reporter from The Globe and Mail following the central bank's most recent interest rate announcement in Ottawa, on Wednesday, April 10, 2024. Spencer Colby/The Globe and Mail
opinion
Ottawa’s easing of mortgage lending rules is the last thing the housing market needs
Derek Holt
globe investor
If Fed hikes spurred rent inflation, markets should relax
Mike Dolan
personal finance
Entry to Canadian housing market feels out of reach for 76% of non-owners, poll suggests
Greater Toronto home sales soared 37 per cent last month compared with the same month a year ago as lower borrowing costs associated with fixed-rate mortgages lured some buyers back to the market. A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy
alberta
Alberta tables gatekeeper bill on federal funding, cites housing money as last straw
Alberta Premier Danielle Smith speaks about proposed legislation addressing agreements between the federal government and provincial entities, in Edmonton on Wednesday, April 10, 2024. THE CANADIAN PRESS/Jason Franson.
british columbia
B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12
A new building is being built at the University of British Columbia campus in Vancouver, B.C., Monday, June, 13, 2016. The province is making building-code changes allowing for the use of mass timber in buildings up to 18 storeys, an increase from the previous 12-storey limit. THE CANADIAN PRESS/Jonathan Hayward
canada
Ontario housing bill would bring in ‘use it or lose it’ rules to spur construction
Ontario and other governments have faced steeply growing pressure to slow runaway real estate prices and rent increases that have put housing out of reach for many.
canada
Assembly of First Nations says $349-billion is needed to close infrastructure gap by 2030
Assembly of First Nations (AFN) National Chief Cindy Woodhouse Nepinak speaks during an interview in Ottawa, Tuesday, Jan. 30, 2024. First Nations leaders are gathered in Gatineau, Que. to discuss how they can better be prepared for the wildfires, floods and effects of climate change that disproportionately affect their communities.THE CANADIAN PRESS/ Patrick Doyle
politics
Freeland doesn’t rule out new taxes on wealthy or corporate Canada in upcoming budget
Deputy Prime Minister and Minister of Finance Chrystia Freeland participates in a news conference to announce a new youth mental health fund at the National Press Theatre in Ottawa on Tuesday, April 9, 2024. THE CANADIAN PRESS/ Patrick Doyle
house poor
How rental-protection funds can help stem a vanishing supply of affordable units
Colleen Frank, a 74-year old mother, is photographed at her current rental apartment, in Chilliwack, B.C. on February 28, 2024. (Jennifer Gauthier/The Globe and Mail)
politics
Some provinces reject $6-billion housing program announced by Trudeau ahead of federal budget
Prime Minister Justin Trudeau, centre, is flanked by Minister of Housing, Infrastructure and Communities Sean Fraser, left, and mayor of Halifax Mike Savage while making a housing announcement in Dartmouth, N.S. on Tuesday, April 2, 2024. THE CANADIAN PRESS/Darren Calabrese