Category: Housing
Contested plan to double units in five triplexes backed
A controversial plan to double the number of units at five existing buildings in south London has eked out an endorsement from politicians.
New home prices in London drop, buyers gain clout: ‘Tight market’
Higher interest rates that created lacklustre demand and slowed home sales in London also appear to be forcing prices on new homes to drop, the latest market snapshot from Statistics Canada shows. According to the federal agencyâs latest new housing price index â representing changes over time in the selling price of new residential houses […]
No, Canada’s half-point interest rate cut won’t ignite London-area home sales
Wednesday’s supersized interest rate cut by the Bank of Canada may finally pull some buyers and sellers back into London’s housing market, but don’t expect the latest drop to heat it up much just yet, industry watchers say.
Politicians push for city-funded pest extermination at low-income homes
City politicians have given an initial OK to studying recommended steps from a local anti-poverty agency to tackle pest control and disrepair in London’s low-income rental units.
18 days: Critics fear major changes to London’s growth blueprint were rushed
Some see it as a sweeping, hurried change that would put London’s growth blueprint on steroids and change the fabric of city neighbourhoods.
London area housing starts triple in August, third best in province
The number of housing starts in the London area more than tripled in August compared to the same month last year, an indication economic conditions are on the upswing, both the mayor and an organization representing builders say. Construction began last month on 470 units in the London census metropolitan area (CMA), which includes St. […]
Snaith: Will new mortgage rules help more young Canadians buy homes?
Stuart Snaith, University of Victoria In a bid to address Canadaâs housing crisis, Deputy Prime Minister and Finance Minister Chrystia Freeland announced new changes to mortgage rules on Sept. 16, set to take effect in December, aimed at making housing more affordable. The first major change is an increase in the price cap for insured […]
30-year mortgage option may spark London’s sluggish housing market: Brokers
A decision by Ottawa to allow first-time homebuyers to access 30-year mortgages for resale properties may give London’s sluggish housing market a much-needed jolt, with local industry watchers saying the move already is sparking interest among would-be buyers. Earlier this week, Finance Minister Chrystia Freeland announced changes to mortgage rules, moving the cap for insured […]
Deschamps: As flooding increases, is it time to stop living in basements?
Repeated flooding is neither inevitable nor exceptional.
Neighbours make final plea for city politicians to reject four-storey apartment project
Neighbourhood opposition continues with city politicians set to decide on Tuesday the fate of an apartment building proposed in west London.