While purpose-built rentals are needed badly, research firm Urbanation reports only two such projects - totalling 798 units - began construction last quarter.
(Bloomberg) Canadian Prime Minister Justin Trudeau heaped some of the blame for skyrocketing housing costs on high interest rates and inaction by other levels of government, signaling a more defensive tone on an issue where his main political rival has hit him hard.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Ra
Justin Trudeau is shifting some of the blame for eye-popping housing costs in Canada bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
A Canadian family offering to pay rent for the next two years in advance can t find a place to live in a suburb north of Toronto. Adrian Ghobrial reports on the rental housing crisis that has demand soaring and prices skyrocketing.