#US home price plunge is ‘just beginning’ as housing market rapidly cools: economist

#US home price plunge is ‘just beginning’ as housing market rapidly cools: economist

“US home price plunge is ‘just beginning’ as housing market rapidly cools: economist” A substantial plunge in US home prices is likely “just beginning” as decades-high mortgage rates cause a downturn in the housing market, a prominent economist cautioned Friday. The warning from Pantheon Macroeconomics chief economist Ian Shepherdson followed more dismal data that showed…

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#My impossible journey to find student housing in Toronto

#My impossible journey to find student housing in Toronto

“My impossible journey to find student housing in Toronto” As rental prices rise across the country, many university and college students are struggling as they return to in-person classes. Defne Yildirim, a fourth-year student at Toronto Metropolitan University and an aspiring fashion photographer, was scammed out of an $800 deposit while trying to secure an…

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#Why this Ottawa couple moved into a PEI lighthouse

#Why this Ottawa couple moved into a PEI lighthouse

“Why this Ottawa couple moved into a PEI lighthouse” “For weeks we were looking at each other going, ‘Is this real?’” Garrett Rice and Shrouk Abdelgafar live in Ottawa, but they had long harboured a dream of owning a home on the water. Abdelgafar’s mother is from the seaport of Alexandria, Egypt, and Abdelgafar has…

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#US housing market to remain ‘especially frigid’ as mortgage rates spike: Redfin

#US housing market to remain ‘especially frigid’ as mortgage rates spike: Redfin

“US housing market to remain ‘especially frigid’ as mortgage rates spike: Redfin” The housing market’s ongoing slowdown will continue through the end of the year as surging mortgage rates discourage prospective homebuyers, according to the latest analysis by real estate firm Redfin. Redfin noted a “nosedive” in home-touring activity, which is down 38% since January…

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#Are garden suites part of the housing crisis solution?

#Are garden suites part of the housing crisis solution?

“Are garden suites part of the housing crisis solution?” After Toronto joined the list of Canadian cities allowing for the secondary structures, many are left wondering how—and if—the suites can help address housing affordability Garden suites—freestanding backyard homes that tie into the main residence’s services and utilities—were given the green light earlier this month after…

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