The Bank of Canada’s aggressive rate cut in late October has finally induced homebuyers out of the woodwork.

That’s because the central bank’s October 23 policy announcement in which it slashed its overnight lending rate by 50 basis points to 3.75%, and in doing so, achieved neutral territory was an emphatic statement intended to stoke consumer confidence.

But while it will take some time for the c...

As part of its response to Canada’s ongoing housing challenges, the federal government has added another 12 new properties to the Canada Public Land Bank, a key initiative aimed at increasing the country’s housing supply. This brings the total number of federal properties identified as suitable for housing development to 83, spanning nine provinces and two territories.

The Canada Public Land Bank was...

The City of Ottawa’s Planning and Housing Committee has approved its portion of the Draft Budget 2025, taking a significant step in addressing housing affordability and urban development challenges. At a meeting held on November 20, the committee endorsed an $88.2 million operating budget alongside $34.4 million in capital funding, towards a continued focus on housing and planning priorities.

A key...