Real Estate
NewsThe Canadian PressHawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
HONOLULU (AP) — Amy Chadwick spent years scrimping and saving as a single mother of two to buy a house in the town of Lahaina on the Hawaiian island of Maui. But after a devastating fire leveled Lahaina in August and reduced Chadwick's home to white dust, the cheapest rental she and her now-husband could find for their family and dogs cost $10,000 a month. Chadwick, a fine-dining server, moved to Florida where she could stretch her homeowners insurance dollars. She’s worried Maui’s exorbitant re
BusinessThe Canadian PressGetting the lowest mortgage rates in a high interest rate world
TORONTO — Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser after HSBC Canada was taken over by RBC. The challenges mean it’s all the more important to do research and negotiate on rates, mortgage experts say, though they also caution that there's more to focus on than just what looks like the cheapest upfront option. It's not just br
NewsThe Canadian PressIn federal budget, Ottawa looks to Canada Post land for building housing supply
OTTAWA — The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country's housing market. In its federal budget released Tuesday, it announced plans to free up lands held by both entities in order to build housing at a pace and scale "not seen in generations" and help younger Canadians get into the real estate market. The goal is creating a supply of 3.87 million new homes — adding two million net new homes t
