How Canada’s dealing with its own home affordability crisis

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The Homeowner Affordability and Stability Plan offers help to borrowers who are already behind on their mortgage payments or who are struggling to keep their loans current. By providing mortgage lenders with financial incentives to modify existing first mortgages, the Treasury hopes to help as many as 3 to 4 million homeowners avoid foreclosure regardless of who owns or services the mortgage.

The Canadian dream of home ownership | Canada is. “Eight in 10 (81 per cent) Canadian millennials aspire to own their own home. a complex deal to take control of Acreage Holdings Inc. when the timing is right. The Canadian cannabis company lauded.

Just building more homes won’t fix the housing crisis – here’s why. building more houses won’t discourage irrational investment on its own. In fact, it might encourage more people to.

Affordable Housing Crisis in Canada There is currently a vicious crisis concerning affordable housing in Canada. While experts say we shouldn’t spend more than 30% of our income on housing, there are thousands of struggling Canadians spending more than half their income on rent.

The U.S. Housing Affordability Crisis: How a Rent and Low-Income Problem is Becoming Everyone’s Problem By Svenja Gudell on Apr. 11, 2016 As of the end of 2015, Americans making the nation’s median annual income ($55,589) and looking to buy the typical American home (valued at $183,600 as of December) could expect to pay 15 percent of their.

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 · WATCH: Pressure continues for Canada to do more for refugees. Look beyond Syria. Syria’s bloody civil war has dominated most narratives dealing with the refugee crisis.

Each city is dealing with its own unique set of issues, and the supply of affordable, family-sized housing varies greatly. On one end of the spectrum are cities such as Los Angeles and San.