IDS GROUP

While this won't have any immediate effect on mortgages, it does give investors hope that the market is beginning to turn around.

Bank of Canada reduces policy rate by 25 basis points The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

New short-term rental rules come into effect today!

New rules take effect to rein in short-term rentals, deliver more homes | BC Gov News New short-term rental rules that will deliver more homes for people are set to come into effect on May 1, 2024, as the Province releases additional information to guide hosts, platforms and visitors through the changes.

Building Affordably Priced Housing Has Become Impossible. Some developers have put their projects on hold while they wait for prices to drop again. Others have completely cancelled them.

Affordable Housing Has Become Unaffordable to Build | The Tyee A ‘perfect storm’ of rising costs makes it hard to keep rents low, say non-profits.

https://thetyee.ca/News/2023/08/31/Affordable-Housing-Unaffordable-Build/
Building Affordably Priced Housing Has Become Impossible. Some developers have put their projects on hold while they wait for prices to drop again. Others have completely cancelled them.

Affordable Housing Has Become Unaffordable to Build | The Tyee A ‘perfect storm’ of rising costs makes it hard to keep rents low, say non-profits.

https://idsgroup.ca/redevelopment/revolutionizing-affordable-housing-and-promoting-fairness-in-the-rental-housing-market/

Check out this Affordable Housing Proposal article written by IDS Group's President, Josh Adelberg.

Revolutionizing Affordable Housing and Promoting Fairness in the Rental Housing Market – IDS GROUP Revolutionizing Affordable Housing and Promoting Fairness in the Rental Housing MarketBy Josh Adelberg / August 16, 2023 August 16, 2023The current affordable housing strategy results in a disconnect between income levels and rent payments, leading to inequitable situations. For instance, individual...

The cost of homes is being unnecessarily increased, according to a B.C. business tax advocate who is advocating for significant changes to a building charge assessed by many towns.

B.C. pledges development charge reform as housing crisis persists - BC | Globalnews.ca Industry critics say community amenity contributions, negotiated with developers to pay for things like daycares and parks, are adding to the already high cost of housing.

In many areas, obtaining approval for housing projects entails paying questionable even unlawful fees to local administrations, which have led to the accumulation of significant slush funds.

Opinion: Steep municipal fees for housing are "hidden" in prices and rents | Urbanized Community amenity contributions (CACs) and other development related fees are significant cost factors for housing affordability.

There is no "silver bullet" answer to Canada's housing supply dilemma, but policymakers may make progress if they coordinate their efforts at all levels of government, according to a new analysis.

Boosting housing supply requires co-ordination by all levels of government: Desjardins There's no “silver bullet” solution to the housing supply crisis, but policymakers can make headway with a co-ordinated approach. Read more.

Prime Minister Justin Trudeau and most of his 38 cabinet ministers gathered in Prince Edward Island, promising to heed calls from Canadians to fix the housing crisis, but without any specific new plans to do so.

Trudeau tells Canadians to stay tuned on housing solutions - BNN Bloomberg The federal Liberal cabinet wrapped up a three-day retreat in Prince Edward Island on Wednesday promising to heed calls from Canadians to fix the housing crisis, but without any specific new plans to do so.

Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, according to RBC.

Homebuilding costs in Canada soar 51% as population surges Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, says RBC. Read more