B.C. has passed a law that creates a new ‘rental only’ zoning designation, a move that is catching the attention of Ontario politicians amid rental shortage; Ontario moving forward with audits of six major cities to measure the ‘potential or perceived’ impacts of housing bill on municipal finances; Bank of Canada not concerned about the high costs of borrowing and their impacts on the housing market; and other news.
A victory for this rental law in B.C. has Ontario politician calling for same rules (Toronto Star)
Ontario will audit finances of 6 major cities to assess possible impact of Bill 23 (CBC)
Bank of Canada not seeing ‘alarm bells’ in housing market despite mortgage pain (Global News)
Peel is one step closer to having a vacant home tax for properties in Mississauga and Brampton, as well as Caledon (Toronto Star)
Ontario’s Landlord and Tenant Board ‘fundamentally failing,’ ombudsman finds (CBC)
Biddings wars and high prices lure home sellers out (Globe and Mail)
‘It’s been tough’: Students frustrated by GO Transit bus route changes (Toronto Star)
Canada’s happiest city is located in Ontario – but so is the unhappiest (CTV News)
Toronto lagging in post-pandemic foot traffic recovery, data shows (CityNews)
Doesn’t anyone in this town know how to build a railroad? (Toronto Star)
Canada added 41,000 jobs in April, almost all part-time work (CBC)
Hydro One reports Q1 profit down from year ago, revenue higher (Globe and Mail)