Despite housing starts in Canada's six largest citieshovering at near all-time highs last year, experts warn those levels are still not enough to address the country's housing shortage in the years to come. The Canada Mortgage and Housing Corp.'s biannual housing supply report released Wednesday showed construction began on 137,915 new units last year across the Toronto, Vancouver, Montreal, Calgary, Edmonton and Ottawa regions. That represented a 0.5 per cent dip compared with 2022, but the fig
Canadian Prime Minister Justin Trudeau, whose Liberal government is under heavy pressure over a housing crisis, on Wednesday said that next month's budget would contain measures to help renters. The Liberals are struggling to address a major housing shortage caused by high interest rates, soaring property prices, the sluggish pace of new housing developments and a record influx of immigrants. Trudeau on Wednesday said the April 16 budget would include C$15 million for legal aid organizations to protect tenants against unfairly rising rent payments and bad landlords.
(Bloomberg) -- Prime Minister Justin Trudeau announced measures to support renters’ rights and help them transition to homeownership as his government attempts to win back lost support among younger Canadians.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsDubai Is Losing Its Allure for Wealthy RussiansUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBiden Gains Ground Agains