Advertisement
Canada markets open in 13 minutes
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7286
    -0.0011 (-0.16%)
     
  • CRUDE OIL

    82.59
    -0.22 (-0.27%)
     
  • Bitcoin CAD

    86,582.82
    -4,195.77 (-4.62%)
     
  • CMC Crypto 200

    1,352.08
    -30.49 (-2.21%)
     
  • GOLD FUTURES

    2,335.00
    -3.40 (-0.15%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.7080
    +0.0560 (+1.20%)
     
  • NASDAQ futures

    17,371.75
    -292.75 (-1.66%)
     
  • VOLATILITY

    16.78
    +0.81 (+5.07%)
     
  • FTSE

    8,068.67
    +28.29 (+0.35%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6819
    0.0000 (0.00%)
     

California enacts 2 laws to slice through local zoning rules

California Gov. Gavin Newsom on Thursday approved two measures to slice through local zoning ordinances as the most populous state struggles with soaring home prices, an affordable housing shortage and stubborn homelessness. He signed the most prominent legislation despite nearly 250 cities objecting that it will, by design, undermine local planning and control. The outcome marks the latest battle between what's come to be thought of as NIMBY vs. YIMBY. While most agree there is an affordable housing shortage, proposed construction often runs into "not in my backyard" opposition.