Self-employed people have a more difficult time applying for a mortgage loan. Why? Because lenders see them as "risky lenders" since they do not have a fixed income.
Richard Lyall is president of RESCON and has represented the building industry in Ontario since 1991. Contact him at [email protected]
We are in the middle of a housing crisis, plain and simple, because demand is outpacing supply and, consequently, we’re seeing some very dramatic spikes for the price of homes.
We are in the middle of a housing affordability and supply crisis in Canada, yet the federal government has been dragging its feet on initiatives to increase the supply.
We are in the middle of a housing crisis here in the GTA and across Ontario—and Canada for that matter. The cost of building new homes continues to rise. The situation is dire and hampering our economic growth.
A recent survey by Abacus Data stated that one-third of non-homeowners in Ontario have given up on ever owning property; another 26 per cent are pessimistic.
The move has given builders leeway to stagger shifts and therefore limit the number of construction workers at gathering points on a worksite, such as at a hoist.
Municipalities have often been slow in updating zoning to align with provincial land-use planning policy. This ultimately can affect the speed of new housing supply coming to market.
A decrease in vehicle ownership and increases in driving alternatives like ride-sharing and public transit has resulted in reduced need for parking spaces by residents who buy units in new developments.
A shortage of trades would set our industry back and have disastrous effects on our economy. Our province is in desperate need of housing and we must keep building it.
More than 20 public and private sector organizations are now on board with the ambitious initiative, known as One Ontario. The goal of the initiative is to achieve efficiency and transparency through the development approval process.
Developers have delayed many projects due to COVID-19 which has set back thousands of occupancies.
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Generally, the best interest rates are offered to Canadians with a credit score above 680, with the very best being offered to those with a score above 740.
The Liberal Party of Canada has taken a significant step in recognizing and combating the Canadian housing crisis by creating a new cabinet role, that of the Minister of Housing.
Teranet released data that revealed that multi-property owners are the largest single buyer category in Ontario.
We’re in desperate need of housing in the GTA. Yet, developers still face roadblocks when they try to take action to boost supply.
Prices of lumber skyrocketed to never before seen heights in the past year as the supply chain suffered the effects of the ongoing COVID-19 pandemic.
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