Econ & Housing

Region of Waterloo staff say sweeping new provincial housing legislation will cost the region and its seven municipalities an estimated $530 million over the next 10 years, and taxpayers could be on the hook to make up the difference. The Ontario government passed Bill 23, or the “More Homes Built Faster Act” Monday. The legislation,

ATLANTIC CITY, N.J. (CBS) — Tenants are frustrated dealing with the lack of heat and hot water at the largest public housing complex in Atlantic City. They voiced their concerns during a special meeting at City Hall that began at 5 p.m. Tuesday. Tenants say they’ve been complaining about the problem for years, but every

Retailers and other consumer companies fell after another weak reading from the housing market. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, fell 1% in September from August, the third straight month-over-month decline. Home prices declined in September from the prior month as

Home prices are down by 3% from June’s peak, with double-digit declines in San Francisco and Seattle Housing markets continue to struggle with the loss of consumer confidence and the persistent standoff between buyers and sellers. The rapidly rising cost of homeownership and fears of price declines are holding back potential buyers, while prospective sellers

Residential villas on the waterside of the Palm Jumeirah in Dubai on Feb. 24, 2022. Russians were always among the top 10 nationalities investing in Dubai property, according to Tahir Majithia, managing partner at Dubai-based Prime Capital real estate. Christopher Pike/Bloomberg via Getty Images Wealthy investors betting on luxury real estate would do best by

After the “frenzy” of 2021 and a “big peak and valley” in 2022, the president of Re/Max Canada tells Global News that next year could see “balance” return to the national housing market. But Christopher Alexander says how high the Bank of Canada drives interest rates, and when it pauses or returns to more normal

Higher mortgage rates put pressure on buyer demand. Jim Watson/AFP via Getty Images Home prices in 20 large cities likely continued to soften in September, according to consensus estimates for one closely-watched gauge of home prices. The S&P CoreLogic Case-Shiller home price indices for September, expected to be released today at 9 a.m. ET, will

No sector of the U.S. economy affects middle- and working-class Americans more than housing. Most Americans have the majority of their savings and net worth tied up in their homes. Housing is the primary asset that serves as a literal and metaphorical shelter in the storm, a store of value for the future, and as