No society or economy can function if lower-income wage earners cannot afford shelter. With rising housing prices and rents and extremely low rental vacancy rates, many families cannot meet their shelter needs without compromising spending on other essentials, such as food and clothing. Many are priced out of their cities and forced to commute unacceptably long distances on inconvenient transport systems. This must change.
At the same time, we must also help governments realize that forcing private landlords to bear the costs of affordable rental housing will not solve the problem. Just as governments don’t force ceiling prices on home sellers, they should refrain from putting arbitrary restrictions on landlords.
The way forward is for the government to facilitate the increased supply of both market and non-market rental housing. The three tiers of governments are endowed with the resources to be part of the solution by making Crown land in and near urban centres available for affordable and, more importantly, social housing, reducing or eliminating development charges for those who build affordable housing, and streamlining the approval process so that the private sector can expedite the supply of affordable housing.
Blocking investment in rental construction or subsequent maintenance and naïvely hoping that the governments will pick up the tab will only worsen matters for struggling families.
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At the same time, we must also help governments realize that forcing private landlords to bear the costs of affordable rental housing will not solve the problem. Just as governments don’t force ceiling prices on home sellers, they should refrain from putting arbitrary restrictions on landlords.
The way forward is for the government to facilitate the increased supply of both market and non-market rental housing. The three tiers of governments are endowed with the resources to be part of the solution by making Crown land in and near urban centres available for affordable and, more importantly, social housing, reducing or eliminating development charges for those who build affordable housing, and streamlining the approval process so that the private sector can expedite the supply of affordable housing.
Blocking investment in rental construction or subsequent maintenance and naïvely hoping that the governments will pick up the tab will only worsen matters for struggling families.
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Ontario expands energy-efficiency programs, including paying customers to run A/C less
Energy minister says programs are expected to roll out next spring
Ontario's electricity system operator is planning to roll out a program in which customers with smart thermostats would get paid to have their air conditioning remotely reduced on hot summer days.
It's one of a slew of conservation initiatives recommended by the Independent Energy System Operator (IESO) that the Energy Minister Todd Smith accepted Tuesday morning as the province seeks to manage rising demand from electrification.
Smith says they'll roll out new and expanded programs starting next year, with a cost of $342 million.
"This expansion will help deliver enough annual electricity savings to power about 130,000 homes every year, and reduce costs for consumers by over $650 million," he said at a news conference.
"It's a win for customers, it's a win for climate and a win for Ontario."
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Energy minister says programs are expected to roll out next spring
Ontario's electricity system operator is planning to roll out a program in which customers with smart thermostats would get paid to have their air conditioning remotely reduced on hot summer days.
It's one of a slew of conservation initiatives recommended by the Independent Energy System Operator (IESO) that the Energy Minister Todd Smith accepted Tuesday morning as the province seeks to manage rising demand from electrification.
Smith says they'll roll out new and expanded programs starting next year, with a cost of $342 million.
"This expansion will help deliver enough annual electricity savings to power about 130,000 homes every year, and reduce costs for consumers by over $650 million," he said at a news conference.
"It's a win for customers, it's a win for climate and a win for Ontario."
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Immigration will allow Bank of Canada to cut rates sooner than 'peers'
New arrivals will help ease pressure on labour shortages and wages, says economist
Immigration to Canada has risen by among the highest numbers since Statistics Canada started tracking the data.
A record flow of immigration could allow the Bank of Canada to start cutting interest rates before its “peers,” according to a report from Capital Economics.
“The longer-term effects of strong immigration do at least support our view that the bank will be able to reduce interest rates sooner than many of its peers, as wage growth drops back quicker than elsewhere,” Capital Economics economist Stephen Brown said in a note.
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New arrivals will help ease pressure on labour shortages and wages, says economist
Immigration to Canada has risen by among the highest numbers since Statistics Canada started tracking the data.
A record flow of immigration could allow the Bank of Canada to start cutting interest rates before its “peers,” according to a report from Capital Economics.
“The longer-term effects of strong immigration do at least support our view that the bank will be able to reduce interest rates sooner than many of its peers, as wage growth drops back quicker than elsewhere,” Capital Economics economist Stephen Brown said in a note.
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Immigration to Canada has been on a tear after falling off a cliff during the pandemic, with 269,305 international migrants arriving in the second quarter, the highest level since the start of record-keeping, according to Statistics Canada data released last week. Immigration accounted for 95.4 per cent of the country’s population growth in the quarter.
Justin Trudeau’s government earlier this year unveiled a plan to add more than 431,000 permanent residents in 2022, 447,000 in 2023 and 451,000 in 2024.
Immigration has been one of the main drivers of Canada’s economy, accounting for almost all the nation’s employment growth. But with job vacancies soaring to almost one million open positions in the second quarter and baby boomers retiring en masse, “high levels of immigration will be even more critical to the labour market,” Statistics Canada said.
Brown is thinking along those same lines, but regarding how that will interact with interest rates.
The Bank of Canada has raised rates five times since March to 3.25 per cent, from 0.25 per cent, to battle decades-high inflation. The cost of living has shown signs of moderating, but Brown said, in an email elaborating on his note, that the central bank will have to keep hiking to address high job vacancy rates and rising wages.
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Justin Trudeau’s government earlier this year unveiled a plan to add more than 431,000 permanent residents in 2022, 447,000 in 2023 and 451,000 in 2024.
Immigration has been one of the main drivers of Canada’s economy, accounting for almost all the nation’s employment growth. But with job vacancies soaring to almost one million open positions in the second quarter and baby boomers retiring en masse, “high levels of immigration will be even more critical to the labour market,” Statistics Canada said.
Brown is thinking along those same lines, but regarding how that will interact with interest rates.
The Bank of Canada has raised rates five times since March to 3.25 per cent, from 0.25 per cent, to battle decades-high inflation. The cost of living has shown signs of moderating, but Brown said, in an email elaborating on his note, that the central bank will have to keep hiking to address high job vacancy rates and rising wages.
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Market Watch Infographic-September 2022
In September 2022, the Average Price of Homes sold across Canada was $1,0786,762, Less 4.3% in comparison to September 2021.
Average Selling Price for Detached Houses was $1,369,186, for Semi-Detached Houses was $1,043,120, for Townhouses was $901,592 and for Condos was $730,818.
Please call us if you need any of below services for Buyers and Sellers:
- Loans with the lowest interest rates available in the market ( First, Second, Third Mortgages)
- Free evaluation of your home Home Evaluation
- Finding your dream home according to location and budget
- Obtaining complete market information in order to make the right decision when buying or selling a house/condo
We have special services for:
- First Time Home Buyers
- Newcomers to Canada
- Non-Residents of Canada
- Investment Property
- Renovation Services
☎️ You can contact us via Phone or Email:
+1 (647) 772-9502
hoizady@yahoo.com
.
In September 2022, the Average Price of Homes sold across Canada was $1,0786,762, Less 4.3% in comparison to September 2021.
Average Selling Price for Detached Houses was $1,369,186, for Semi-Detached Houses was $1,043,120, for Townhouses was $901,592 and for Condos was $730,818.
Please call us if you need any of below services for Buyers and Sellers:
- Loans with the lowest interest rates available in the market ( First, Second, Third Mortgages)
- Free evaluation of your home Home Evaluation
- Finding your dream home according to location and budget
- Obtaining complete market information in order to make the right decision when buying or selling a house/condo
We have special services for:
- First Time Home Buyers
- Newcomers to Canada
- Non-Residents of Canada
- Investment Property
- Renovation Services
☎️ You can contact us via Phone or Email:
+1 (647) 772-9502
hoizady@yahoo.com
.
به گزارش هیئت منطقه ای املاک و مستغلات تورنتو، میزان خرید و فروش خانه در کلانشهر تورنتو ماه گذشته در مقایسه با سپتامبر سال گذشته 44 درصد و نسبت به آگوست 2022 حدود 10 درصد کاهش داشت. سپتامبر امسال پایین ترین تعداد لیستینگ ها در 20 سال گذشته ثبت شد.
داده های 5 اکتبر، حاکی از فروش 5038 خانه در ماه سپتامبر بود. کارگزاران افزایش نرخ بهره و نرخ وام مسکن را در این کاهش موثر می دانند. اعداد و ارقام نشاندهنده ادامه رکود بازاری است که تا مدتی قابل شاهد جنگ قیمت بود.
کاهش لیستینگ های جدید با افت 4.3 درصدی میانگین قیمت در مقایسه با سال گذشته و رسیدن آن به حدود 1 میلیون و 87 هزار دلار همراه شده است.
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داده های 5 اکتبر، حاکی از فروش 5038 خانه در ماه سپتامبر بود. کارگزاران افزایش نرخ بهره و نرخ وام مسکن را در این کاهش موثر می دانند. اعداد و ارقام نشاندهنده ادامه رکود بازاری است که تا مدتی قابل شاهد جنگ قیمت بود.
کاهش لیستینگ های جدید با افت 4.3 درصدی میانگین قیمت در مقایسه با سال گذشته و رسیدن آن به حدود 1 میلیون و 87 هزار دلار همراه شده است.
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برخی از فروشندگان خانه های خود را مانند دوران اوج بازار، قیمتگذاری می کنند. اما املاکی که در حال حاضر فروخته می شوند، املاکی هستند که بر اساس وضعیت امروز بازار قیمتگذاری شده اند.
در آن زمان، میانگین قیمت در منطقه کد 905 – بخشی از کلانشهر تورنتو، وان و دورهام – بالاترین میزان یعنی حدود 1 میلیون و صد هزار دلار بود. میانگین قیمت در منطقه کد 416 (تورنتو) حدود 1 میلیون و 62 هزار دلار بود.
به گفته هیئت منطقه ای املاک و مستغلات تورنتو، میانگین قیمت خانه های مستقل با 10 درصد کاهش سالانه به حدود 1 میلیون و 370 هزار دلار؛ املاک نیمه مستقل با 6.5 درصد کاهش به 1 میلیون و 43 هزار دلار و تاون هاوس با 1 درصد کاهش به حدود 902 هزار دلار رسیده است. با این حال قیمت کاندو تقریبا سه درصد افزایش داشت.
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در آن زمان، میانگین قیمت در منطقه کد 905 – بخشی از کلانشهر تورنتو، وان و دورهام – بالاترین میزان یعنی حدود 1 میلیون و صد هزار دلار بود. میانگین قیمت در منطقه کد 416 (تورنتو) حدود 1 میلیون و 62 هزار دلار بود.
به گفته هیئت منطقه ای املاک و مستغلات تورنتو، میانگین قیمت خانه های مستقل با 10 درصد کاهش سالانه به حدود 1 میلیون و 370 هزار دلار؛ املاک نیمه مستقل با 6.5 درصد کاهش به 1 میلیون و 43 هزار دلار و تاون هاوس با 1 درصد کاهش به حدود 902 هزار دلار رسیده است. با این حال قیمت کاندو تقریبا سه درصد افزایش داشت.
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For Sale Listed for: $1,088,000
4 + 1 Bedrooms
4 Bathrooms (1×2×Main, 1×4×2nd, 1×5×2nd, 1×3×Bsmt)
1 Garage
1 + 1 Kitchen
Property Type: Att/Row/Townhouse, 2-Storey
Lot Size: 40 × 110 feet
Total Parking Spaces: 8, Attached 2 Garage, 6 parking
Basement: Finished / Sep Entrance
Description:
Welcome To The Prestigious Westbrook Area, Rare 4+1 Bedrooms, Appx 2000 sqft End Unit Freehold Townhouse W/ Sept Entrance To Basement, Offered Rec+ Kit + Br+3 Pcs Bath; Open To Great Rm, Kit Combined W Breast Fast Area, W/O To Yard, Fam W/ Gas Fireplace, Mbr Offered 4 Pc Ensuite + W/I Closet; No Sidewalk On Driveway, Fits 3 Cars. Across Fr Green Space, Schls Zone (Fraser's Report), Mins Wk To Yonge St, Bernard Station, Ttc, Go Station, Parks, Restaurant, Shopping, All Amenities.
Extras: All Existing: Elfs, 2 Stoves, 2 Fridges, Dishwasher, Washer, Dryer, Gdo & Remote
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.
4 + 1 Bedrooms
4 Bathrooms (1×2×Main, 1×4×2nd, 1×5×2nd, 1×3×Bsmt)
1 Garage
1 + 1 Kitchen
Property Type: Att/Row/Townhouse, 2-Storey
Lot Size: 40 × 110 feet
Total Parking Spaces: 8, Attached 2 Garage, 6 parking
Basement: Finished / Sep Entrance
Description:
Welcome To The Prestigious Westbrook Area, Rare 4+1 Bedrooms, Appx 2000 sqft End Unit Freehold Townhouse W/ Sept Entrance To Basement, Offered Rec+ Kit + Br+3 Pcs Bath; Open To Great Rm, Kit Combined W Breast Fast Area, W/O To Yard, Fam W/ Gas Fireplace, Mbr Offered 4 Pc Ensuite + W/I Closet; No Sidewalk On Driveway, Fits 3 Cars. Across Fr Green Space, Schls Zone (Fraser's Report), Mins Wk To Yonge St, Bernard Station, Ttc, Go Station, Parks, Restaurant, Shopping, All Amenities.
Extras: All Existing: Elfs, 2 Stoves, 2 Fridges, Dishwasher, Washer, Dryer, Gdo & Remote
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
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