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report on business
Rising costs make condo investments less profitable and could push rent higher: report
St. Lawrence Condos at 158 Front St are mid way through construction in Toronto on October 29, 2020. Aaron Vincent Elkaim / The Globe and Mail
young money
Rising cost of living leads some high school graduates to forgo their dream universities
Students walk on campus at the University of British Columbia in Vancouver, B.C., on Wednesday September 2, 2015. DARRYL DYCK FOR THE GLOBE AND MAIL
report on business
Travellers get creative with cheaper alternatives to lodging
Lillian Smith, 30, from Mississippi, U.S., rides in a taxi as she goes on a tour in Bangkok, Thailand May 13, 2023. REUTERS/Jorge Silva
canada
Manitoba promises more than $1-million, to start, for affordable housing aid
Manitoba Families Minister Rochelle Squires responds to a question during a news conference in Vancouver on Friday, Nov. 3, 2017, when she was environment minister. The Manitoba government is promising new money to keep rents low at private non-profit housing complexes, following a controversy at one facility recently in Winnipeg. THE CANADIAN PRESS/Darryl Dyck
podcast
Why more Canadians are giving up on home ownership
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.
british columbia
B.C. landlord demands tenants pony up double-digit rent increases or units will be sold
Residents who find themselves entangled in new property bylaws because their home has been changed to a 55-plus age restriction now have more protection. B.C. Housing Minister Ravi Kahlon says the change allows the updated Strata Property Act to keep promoting seniors' housing while allowing residents to stay in their homes "even if their family structure changes." Kahlon answers questions from members of the media, in Victoria, B.C., on Monday, Feb. 6, 2023. THE CANADIAN PRESS/Chad Hipolito
podcast
How soaring rents are transforming student life
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
Soaring rents mean living with roommates can cost $1,000 or more per person
Rental signs are seen in Toronto, Ont.,, on Thursday April 20, 2023. (Christopher Katsarov/The Globe and Mail)
report on business
Average Toronto apartment rents surge to over $3,000 a month
Rental signs are seen in Toronto, Ont.,, on Thursday April 20, 2023. (Christopher Katsarov/The Globe and Mail)
real estate
For resort town workers, housing scarcity is worsening
PP3.JPG Max Martin outside of the home he rents in Jasper, Sunday March, 19, 2023. Peggy Plato/The Globe and Mail
podcast
Coming soon: Season three of City Space
Podcast
canada
Nova Scotia keeping rent cap until end of 2025, but higher increases to be allowed
Minister of Services Nova Scotia Colton LeBlanc speaks at Province House in Halifax on Wednesday March 22, 2023. LeBlanc says the province will extend the cap limiting rent costs, while raising the amount that landlords can hike rent at the end of 2023. THE CANADIAN PRESS/Lyndsay Armstrong
opinion
Owners rediscover the appeal of rental, short and long term
Kerry Gold
report on business
Transport committee report recommends airport user-fee system revamp to upgrade airport infrastructure
Travellers at Toronto Pearson International Airport’s Terminal 1, are photographed on May 25, 2022. Fred Lum/The Globe and Mail.
cost of living
High housing costs pose a crushing financial challenge for refugees in Canada
CHECK SPELLING Faieza Jamay, poses for a photograph at her home in Waterloo, Ont., on Friday, February 3, 2023. Tijana Martin/ The Globe and Mail
canada
Alberta child-care operators say there is a lack of information around new federal funds
Krystal Churcher who owns a child care centre and is the chair of the Association of Alberta Childcare Entrepreneurs in Calgary, Alberta, January 13, 2022. Todd Korol/The Globe and Mail
report on business
Report details challenges of finding affordable housing in Canada’s North: ‘These tenants need a voice’
Aurora Rose Gellenbeck is seen in this handout image provided January 9, 2023. Aurora Rose Gellenbeck has been living out of a hotel in Yellowknife for the past month because she hasn't been able to find anywhere suitable to rent. THE CANADIAN PRESS/HO- Aurora Rose Gellenbeck **MANDATORY CREDIT**
canada
He sleeps in a van but drives a Tesla: life on wheels in Vancouver’s camper community
Lucas Philips is pictured outside his camper and next to his Tesla in a parking lot where he has been living at Spanish Banks, in Vancouver, B.C., Thursday, Dec. 8, 2022. Philips is part of Metro Vancouver's camper community, some living on wheels as an economic strategy, some as a lifestyle choice and others as a last resort. THE CANADIAN PRESS/Jonathan Hayward
report on business
Elon Musk cuts Twitter expenses by falling behind on bills, rent
FILE PHOTO: Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
cost of living
Living with roommates is no longer just for students or 20-somethings. Canadians’ strained finances are to blame
Three family and friends who are roomates stuck in a cramped home together
report on business
Average rent in Canada rose to a record $2,024 in November, new data show
A for rent sign is displayed on a house in a new housing development in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
explainer
Low-income renters in Canada can apply for a one-time payment of $500 on Monday. Here’s what you need to know
close-up of a rental sign in front an apartment building
financial facelift
Can Nell, 58, cover her cashflow shortfall without having to sell her house?
November 16, 2022. *** DO NOT IDENTIFY FOR FINANCIAL FACELIFT ONLY****
canada
Ukrainian newcomers face challenges as some landlords demand months of advance rent
Ukrainian nationals fleeing the ongoing war in Ukraine arrive at Trudeau Airport in Montreal, Sunday, May 29, 2022. THE CANADIAN PRESS/Graham Hughes
featured reports
Stress Test transcript: How supercharged rents are crushing Canadians
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.
canada
Manitoba boosts funding to reduce homelessness, help low-income people
Manitoba Premier Heather Stefanson speaks to the media at a press conference following a swearing-in ceremony for her cabinet at the Manitoba Legislative Building in Winnipeg, Tuesday, January 18, 2022. The Manitoba government is offering more money to shelters and raising a rental subsidy in an attempt to reduce homelessness.THE CANADIAN PRESS/David Lipnowski
cost of living
Given inflation and soaring housing costs, will an RESP cover your kids’ higher education?
Robert Ford and his 20-year-old daughter Carolin Ford, who is a fourth-year student at UBC, pose for a photo in Vancouver, B.C. on Oct. 15, 2022. Photo by Marissa Tiel
report on business
Little respite in sight for skyrocketing rents
Devyani sits on her bed in her studio apartment in Toronto, Monday, August 15, 2022. Since renting six months ago, the price for identical units has gone up by $200 per month, she says. (Galit Rodan/The Globe and Mail)
opinion
The big question today in real estate is whether renting or owning is worse for your finances
Rob Carrick
podcast
How supercharged rents are crushing Canadians
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.
globe investor
Starting out as a young adult is incredibly expensive in 2022. We crunched the numbers
Lilliana Molek (22) had to take out a line of credit to pay for her one-bedroom apartment in Toronto’s midtown while she studies Law at York University. Lillana estimates that she will graduate with approximately $200,000 in debt.
british columbia
Federal loan of $1.4-billion key to keeping Indigenous development all rentals, co-developer says
Prime Minister Justin Trudeau speaks during an announcement and groundbreaking ceremony at the Squamish Nation's Senakw housing development site, in Vancouver, on Tuesday, September 6, 2022. The federal government is providing a $1.4-billion loan to a Vancouver First Nation to build 3,000 homes on land that was once an ancient village that was burned and expropriated a century ago. The Squamish Nation says is the largest Indigenous-led housing and retail development in the history of Canada. THE CANADIAN PRESS/Darryl Dyck
canada
CMHC offers largest loan ever to B.C. First Nation rental project
Prime Minister Justin Trudeau, front right, and Squamish Nation councillor Khelsilem arrive for an announcement and groundbreaking at the First Nation's Senakw housing development site, in Vancouver, on Tuesday, Sept. 6, 2022. The federal government is providing a $1.4-billion loan to the nation to build 3,000 homes on the land that was once an ancient village that was burned and expropriated a century ago. THE CANADIAN PRESS/Darryl Dyck
calgary & edmonton real estate
More Calgary property investors are turning to short-term rentals even as demand increases for long-term tenancies
Duncan and Beth Haldane who work with Your Key Rental Management which works with investor owners to find short-term renters for their properties, at the Annex building in Calgary, Alberta, August 8, 2022. Todd Korol/The Globe and Mail
opinion
Canada’s airports are falling behind on infrastructure improvements that should reflect our modern ambitions
Deborah Flint, Philippe Rainville and Bob Sartor