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cost of living
This province is the new frontier of soaring rents in Canada
A view of downtown Saskatoon and the Saskatoon River, on Friday Sept. 17, 1999. (CP PHOTO/Jacques Boissinot)
british columbia
B.C. moves to cap rent hikes for those in Vancouver’s Downtown Eastside
Vancouver Mayor Ken Sim, speaks during a news conference for a housing announcement in Vancouver, B.C., Friday, Dec. 15, 2023. THE CANADIAN PRESS/Ethan Cairns
canada
B.C.’s strict new short-term rental rules pit housing supply against homeowners struggling to pay mortgages
Property Rights B.C., President Orion Rodgers is photographed near The Janion where he manages a property in the building at Victoria, B.C., on Thursday, May 9, 2024. Chad Hipolito/The Globe and Mail �
your practice
What young people can do when homeownership seems out of reach
Houses are seen on a hill in Vancouver, on Thursday, Nov. 23, 2023. The BC Real Estate Association says there was a nearly 30 per cent increase in home sales last month compared with January 2023. THE CANADIAN PRESS/Darryl Dyck
calgary and edmonton real estate
Calgary tenants shocked by heavy rent increases
Calgary tenant Alex Rettie poses for a photo in the home he rents in Calgary, Alta., on April 5, 2024. LEAH HENNEL /THE GLOBE AND MAIL�
cost of living
Ottawa’s plan to count rent payments toward credit scores needs safeguards, tenant advocates say
A rental office sign is pictured in front of Doversquare apartment buildings, south of Bloor/Dovercourt in Toronto on February 12, 2024 (Laura Proctor/The Globe and Mail)
canada
Ottawa is funding affordable rental projects that aren’t actually affordable
SoHo Italia apartment building on Preston Street in Ottawa April 12, 2024. Photograph by Blair Gable
british columbia
B.C.’s government buys land for transit-oriented housing development
British Columbia's government is spearheading a new public development project on Vancouver Island oriented toward transit access. B.C. Premier David Eby speaks during an announcement in a greenhouse at Westcoast Vegetables in Delta, B.C., on Monday, March 18, 2024. THE CANADIAN PRESS/Darryl Dyck</p>
done deal
Buyer of older Burnaby condo reaps price per square foot bonus
Done Deal, 4373 Halifax St., No. 303, Burnaby, B.C.
house poor
How rental-protection funds can help stem a vanishing supply of affordable units
Colleen Frank, a 74-year old mother, is photographed at her current rental apartment, in Chilliwack, B.C. on February 28, 2024. (Jennifer Gauthier/The Globe and Mail)
british columbia
B.C. to ban some ‘personal use’ evictions, stop rent increases over new children
Premier David Eby announces legislation that will return short-term rentals to long-term homes for people during a press conference in the rotunda at the legislature in Victoria, Monday, Oct. 16, 2023. The British Columbia government is making changes to rental laws, stopping bad-faith evictions, protecting families who add a child and helping landlords who have problematic tenants. THE CANADIAN PRESS/Chad Hipolito
canada
Niagara region declares state of emergency out of caution ahead of rare eclipse
A view of Niagara Falls, Ont. is shown on Friday, March 29, 2024 in a photo taken in Niagara Falls, N.Y. Ontario's Niagara Region has declared a state of emergency as it readies to welcome up to a million visitors for the solar eclipse in early April.THE CANADIAN PRESS/Carlos Osorio
british columbia
B.C.’s seniors advocate blames long-term care waits on lack of home support
Isobel Mackenzie released her annual report Thursday saying increased costs and lack of services could drive up the number of seniors moving into residential care.
cost of living
Why rent inflation is much higher for rental apartments than for condos
An apartment rental building at 2400 Queen St. East in Toronto’s Beach neighbourhood is photographed on Mar 11, 2024. (Fred Lum/The Globe and Mail)
opinion
In memory of the lease transfer, the unsung champion of Montreal’s culture
Lev Bratishenko
canada
Quebec adopts bill restricting lease transfers, often used to limit rent increases
Quebec Housing Minister France-Élaine Duranceau responds to the Opposition during question period, at the Legislature in Quebec City, Tuesday, Jan. 30, 2024. Quebec's legislature has adopted a housing bill that restricts a popular tool tenants have used for years to limit rent increases. THE CANADIAN PRESS/Jacques Boissinot
canada
Halifax to dismantle several homeless encampments
The homeless encampment in Grand Parade in front of City Hall in Halifax is seen after eviction notices were served on Wednesday, February 7, 2024. THE CANADIAN PRESS/Darren Calabrese
opinion
Westbank increases heights of contentious tower proposal next to Vancouver’s Commercial Drive SkyTrain station
Kerry Gold
politics
Freeland announces $199-million in support for low-income renters, shelters
Deputy Prime Minister and Finance Minister Chrystia Freeland speaks at a news conference in Ottawa on Tuesday, Feb. 6, 2024. THE CANADIAN PRESS/Adrian Wyld
report on business
WeWork explores bankruptcy loan options amid landlord dispute
FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo
featured reports
Stress Test transcript: Adulting with roommates: solo living is a luxury in today’s rental market
Introducing a new podcast from The Globe and Mail that delves into the topics impacting the wallets of Canadians between the ages of 20 and 40.
paycheque project
Despite plenty of savings, Mississauga engineer earning $87,000 worries about rent and cost of kids
report on business
Asking rents jump 8.6 per cent in December to hit record $2,178 on average
A new report says the average asking price in December for a rental unit in Canada was a record $2,178, which was relatively flat from the previous month but marked an 8.6 per cent gain year-over-year. A for rent sign is displayed on a house in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
cost of living
Ontario’s rental subsidy can vary by hundreds of dollars, depending on your municipality
Rental signs are seen in Toronto, Ont.,, on Thursday April 20, 2023. (Christopher Katsarov/The Globe and Mail)
canada
Short-term rentals have ‘significantly impacted’ housing affordability, Desjardins report suggests
A Desjardins report suggests short-term rentals such as Airbnb and VRBO likely contributed to the housing affordability crisis in Canada and around the world. The head offices of Caisse Desjardins are seen in Montreal, Wednesday, Feb. 24, 2021.THE CANADIAN PRESS/Ryan Remiorz
opinion
How a rare rental conversion upends a small community
Kerry Gold
carrick on money
How to move back in with your parents
Rob Carrick
decoder
The unrelenting rise of Canadian rents
A for rent sign outside a home in Toronto on Tuesday July 12, 2022. A report by real estate market research firm Urbanation Inc. says rents in the Greater Toronto Area are rising fast, echoing the latest numbers from online rental platforms about other major Canadian cities.THE CANADIAN PRESS/Cole Burston
top links
BMO chief economist reveals the ‘new villain’ of Canadian inflation
Office towers, hotels and condos are seen in downtown Vancouver, Sunday, Oct. 25, 2020.
canada
Nearly one-third of Newfoundland and Labrador seniors can’t afford basic necessities
Newfoundland and Labrador's provincial flag flies on a flag pole in Ottawa, Friday, July 3, 2020. The same handful of doctors and nurse practitioners who helped introduce medically assisted death to Newfoundland and Labrador are handling the majority of a steadily increasing number of requests for the service and they say they can no longer do it alone. THE CANADIAN PRESS/Adrian Wyld
cost of living
Is a $100,000 salary enough for a comfortable life any more?
Close proximity to the Atwater Market and the Lachine Canal is one reason that Trent Chappus chose to purchase his first home in the Montréal neighbourhood of St. Henri. Trent works downtown, which is easily accessible from St. Henri. "I'll be able to commute really easily on the metro or even [by] bike."
opinion
B.C.’s Airbnb crackdown will devastate some real estate investors
Kerry Gold
podcast
Adulting with roommates: solo living is a luxury in today’s rental market
Podcast
Introducing a new podcast from The Globe and Mail that delves into the topics impacting the wallets of Canadians between the ages of 20 and 40.
cost of living
Now more than ever, it’s time to get comfortable with risky portfolios for education savings
Vector of a man paying for his education making a dollar coin deposit in graduation cap
young money
The high cost of fighting a bad-faith eviction
Michael Hinds and Anthony DiCiccio (blue jacket) outside the apartment building where they live in Hamilton, Ontario Canada. Ontario has seen a substantial increase in applications to evict tenants, which housing advocates say is a ploy to turn over units, given the massive financial upside to finding new tenants in an undersupplied market with exploding rents. Michael Hinds and Anthony DiCiccio (blue jacket) are tenants at a 12-unit apartment building in Hamilton were given N13 forms, telling them to vacate the property by Feb. 1 for extensive repairs. Most have stayed put. The tenants have reason to believe the landlord wants them gone for good. Many have lived there for several years and pay well below market rates. The landlord has also made several cash offers to those who leave – most recently, $5,000 if they sign a form ending their tenancy. This flurry of activity happened after the building was sold last year. February 19, 2023.
advisor news
More Canadians face financial hurdles as rents rise
Magnifying glass in front of an open newspaper with paper houses. Concept of rent, search, purchase real estate.