Interest rates will continue to dictate the outcome of Canada鈥檚 housing market in 2024 with the first and second halves showing different pictures. RBC鈥檚 latest housing report projects slow activity and softer prices in the early part of the year as the鈥疊ank of Canada鈥痬aintains its policy rate at a two-decade high and鈥痟ome ownership鈥痵tays out of reach for many potential buyers. But a鈥痯ivot toward rate cuts鈥痬id-year will get the wheels turning faster over the second half or perhaps even sooner.
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Published on: 31 Jan 2024
Canadian voters will be hearing a similar message from each of the major federal parties during the current election campaign: housing has grown too expensive, and we have a plan to fix it. The consensus reflects the increasingly dire state of housing in Canada, experts say, which affects everyone from prospective homeowners feeling squeezed out of the market to lower-income families languishing on waiting lists for affordable housing. ()
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Published on: 15 Sep 2021
The sound of people vomiting at 3 a.m., neighbours who open their windows to scream 鈥淚 love you, Montreal!鈥� at all hours of the night and a frat house atmosphere taking over the building. This is how Manon Wascher describes the 鈥淎irbnb nightmare鈥� she has gone through since the apartment complex she lives in on Guy St. was sold four years ago. Wascher says there are between 30 and 50 of the building鈥檚 230 units being rented on the popular travel website.
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Published on: 11 Feb 2020
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Published on: 10 Aug 2017
