Housing affordability in Canada has reached “worrisome levels,” as soaring prices and tighter market conditions continue to persist across the country.

The bill, if approved, would speed up development timelines while cracking down on housing speculation and unethical development practices.

In a move to tackle the ongoing housing crisis, the Ontario government says it has hiked taxes on foreign real estate speculation.

As homeownership becomes harder to achieve in Ontario as a result of rising prices and intense market demand, the conversation around creating more homes as a solution has become more prevalent.

The Bank of Canada is scheduled to make its next rate announcement in a couple of weeks, and one bank is predicting that this will be the start of two back-to-back 50 basis point (bp) hikes to the overnight rate.

British Columbia has introduced a cooling-off period in order to protect home buyers, but some are not keen on the decision to do so.

Three key policy areas could stabilize the country’s housing market over the next five years, according to a new report.

The official public launch of Riverbank Landing is underway which is being developed by Boudreau Communities. Riverbank Landing, a mixed-use development situated on the banks of the Sturgeon River Valley will be located on Bellerose Drive in St. Albert.

If you’re looking to buy new, here is a breakdown of some of the pre-construction, under construction and newly-completed projects that will be located close to the 15 stops included in the Ontario Line.

Another condo project could be joining the mix thanks to development documents recently made available by the City of Vancouver.

Ontario says that it is cracking down on “unethical” condominium development practices through increased fines and penalties according to reporting from The Canadian Press.

New data findings from Properly show that Toronto home values have been driven up 21 per cent over the past two years.

In a publication note, Stephen Brown, senior Canada economist with Capital Economics, said that the surge in interest rate expectations is “a key risk to housing.”

Kingswood is coming soon to Cobourg. This development from Mason Homes is a private enclave of 27 freehold bungalow-plus-loft and townhomes. Located on the shore of Lake Ontario between Kingston and Toronto, Cobourg has been named multiple times by MoneySense as one of Canada’s best places to live.

Parkside Heights by Paradise Developments is an exclusive collection of luxury freehold townhomes and detached houses. The community is located in a highly desirable area — found at Mayfield Road and Kennedy Road in West Brampton, right by Heart Lake.

Condo apartments account for most of the sales within Metro Vancouver these days, and prices for this property type are on an upward trend.