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Canadian rents fall 4.8% in August

Canadian rents fall 4.8% in August

Canada’s rental market continued to soften in August, with average asking rents falling 4.8 per cent from a year earlier to $2,035, according to the latest Rentals.ca and Urbanation Rent Report. It marked the 23rd consecutive month of year-over-year declines and the...
Is B.C.’s condo rescue plan a housing fix or a bailout?

Is B.C.’s condo rescue plan a housing fix or a bailout?

A $1.45-billion plan to buy up to 2,200 unsold condos in British Columbia is being panned as a bailout despite government arguments it will create affordable housing. The plan was announced in June in an unusual way — it was only a line with few details in a broader...