Canada to fund 'rent-to-own' program under $2 billion housing plan — via financialpost RealEstate Mortgages
The funding, earmarked in previous budgets, would go toward creating some 17,000 new homes across the country, including more rapid housing for the homeless or those at risk of becoming homeless, along with affordable and market-rate housing projects.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“For a lot of renters, saving to buy a home is increasingly difficult. Through this new program we’ll work with housing providers to help families go from renting to owning their home,” the Canadian leader said. Canada’s home prices surged more than 50 per cent during the COVID-19 pandemic, buoyed by rock-bottom interest rates and booming demand. But recent sharp increases in interest rates by the Bank of Canada, which is aiming to curb high inflation, have cast a chill on the housing market.Article content
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Perseus makes Sudan plans as profits soarGold miner Perseus Mining has announced plans for a final investment decision on its recently acquired Block 14 gold project, in the Sudan, by the second half of 2023, while also announcing record financial results for the 2022 financial year. Perseus MD Jeff Quartermaine told delegates at Paydirt’s Africa Downunder conference, in Perth, that the Block 14 operation could add 200 000 oz/y of gold to Perseus’ production profile, with the project estimated to have a mine life of 13-years, based on a current reserve of 2.85-mllion ounces of gold and a resource of 3.34-million ounces of gold.
Weiterlesen »
Kirk Watson and Celia Israel Lead Pack for the Next Mayor of Crisis CityKirk Watson and Celia Israel lead the mayoral race in funds, reputations, and housing plans.
Weiterlesen »
Biden touts support for law enforcement in fiery speech, glosses over Democrats who wanted to defund policePresident Biden delivered a pro-police sentiment Tuesday in Pennsylvania despite his own party's inability to pass legislation in the House to increase funding for law enforcement.
Weiterlesen »
University City Townhomes protesters interrupt Penn president’s speechPenn doesn't own the townhomes and has no plans to purchase them, but housing activists believe the university should step in to help because it has contributed to gentrification.
Weiterlesen »
NY State launching ad campaign to promote child care optionsThe advertising campaign, which will focus on reaching Black and Latino communities, aims to increase the number of families using child care services and assistance. In April, NY committed $7 billion via the state budget to bolster child care access.
Weiterlesen »