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“Rent hikes aren’t nearly enough to save NYC’s landlords or housing” Tenant advocates are already squealing after Thursday’s preliminary decision by the city’s Rent Stabilization Guidelines Board to OK modest rent hikes for the city’s 965,000 rent-regulated units. The de Blasio years had fed activists the habit-forming drug of zero-dollar increases — and tenant groups…
“The Fed could turn the housing market from boom to bust” Herb Stein famously said that if something cannot go on forever, it will stop. Those buying houses in the belief that today’s rapid rate of home price increases will continue indefinitely might take note of the economist’s adage. With the Federal Reserve beginning to…
“Ahmed Hussen has a plan to solve Canada’s housing crisis” Ahmed Hussen’s first home in Canada was a social-housing unit on Hess Street in Hamilton that he shared with his cousin. He was only 16 years old then, a refugee who had fled Somalia during the civil war. By 2002, the same year he completed…
“Justin Trudeau offers no timeline for first-time home buyer bill” Politics Insider for April 22: Poilievre turns attention to affordable housing; Russia bans a bunch of Canadians; and a call to replace 24 Sussex Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. CTV asked Pierre Poilievre…
“What New York needs the Legislature to do in the rest of its session” With a record $220 billion state budget in the bag — and taxpayers on the hook — Gov. Kathy Hochul and the Legislature have unfinished business to conclude before the session ends June 2. During the budget battle, the Legislature sidelined…
“How Disney is helping to solve Florida’s housing crisis” The Walt Disney Co. said it will build 1,300 affordable housing units near its Disney World theme park as it continues to face heat over wage inequality. The Mouse House said it is hiring a third-party developer for the project — which aims to build housing…
“Canada bans foreign home buyers for two years during market boom” OTTAWA, Ontario — Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market. Finance Minister Chrystia Freeland took a number of measures to tamp…
“Mayor Adams can finally fix the rent-hike process de Blasio politicized” This time every year, rent-stabilized-apartment owners prepare for a rent-guidelines process they call everything from “politically motivated” to “a charade.” We hope this time will be different. As the New York City Rent Guidelines Board begins Thursday its annual exercise of establishing guidelines for…
“Behind the great NYC eviction tsunami that never happened” The just-released federal Census finding that New York City lost more than 110,000 residents from July 2020 to July 2021 tells us a great deal about both the impact of the pandemic and the declining quality of life in the city. This is called voting with…
“Want to buy a house? Don’t bother checking the foundations.” In May 2021, Molly Fleming and her brother Matthew leaped into southern Ontario’s pandemic-fuelled real estate frenzy, buying a postwar bungalow in Hamilton they intended to use as an investment property. First-time homebuyers both, they paid above the $500,000 asking price for the modest property….