Housing "cannot be a political football" and Premier Doug Ford has fumbled the file so badly that home ownership will be even more unaffordable for Ontarians, says a scathing public letter from the Building Industry and Land Development Association.
The Government of Ontario is responding to feedback from its municipal partners and is taking steps to clarify and enhance collaborative efforts to build at least 1.5 million homes across the province by 2031, protect frontline services, and keep costs down for taxpayers.
The Federation of Canadian Municipalities says new research it commissioned finds municipalities would need $600 billion in infrastructure funding to help support construction of 5.8 million homes by 2030. That's the number of homes the Canadian Mortgage and Housing Corp. says Canada needs to build to restore affordability.
The 2024 East Gwillimbury budget deliberations have kicked off and it looks like your taxes will be going up. The draft budget shows a 7.7 per cent tax levy increase, which translates to approximately a $155 annual increase for the average East Gwillimbury household.
Scarcity of capital in multifamily is driving developers toward alternate and niche funding sources. As a result, preferred equity, a once-sidelined mode of financing, is attracting new investors due to the higher-than-average returns it offers them
Bonnie Crombie has raised nearly one million dollars in her bid for leadership of the Ontario Liberals, tens of thousands of which appear to have come from one developer based in the Toronto area.
